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REGISTERED NUMBER: 08947339 (England and Wales)















MACTECH INVESCO PROPERTIES LIMITED

Unaudited Financial Statements For The Year Ended 31 March 2024






MACTECH INVESCO PROPERTIES LIMITED (REGISTERED NUMBER: 08947339)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

MACTECH INVESCO PROPERTIES LIMITED

Company Information
For The Year Ended 31 March 2024







DIRECTOR: K M S McFarlane





SECRETARY:





REGISTERED OFFICE: Mactech Invesco Properties Limited
1 Westley Avenue
Whitley Bay
Tyne and Wear
NE26 4NW





REGISTERED NUMBER: 08947339 (England and Wales)





ACCOUNTANTS: Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

MACTECH INVESCO PROPERTIES LIMITED (REGISTERED NUMBER: 08947339)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,401,297 1,262,550

CURRENT ASSETS
Debtors 5 2,016 301
Cash at bank 88,930 105,824
90,946 106,125
CREDITORS
Amounts falling due within one year 6 83,295 102,809
NET CURRENT ASSETS 7,651 3,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,408,948

1,265,866

PROVISIONS FOR LIABILITIES 7 186,644 94,986
NET ASSETS 1,222,304 1,170,880

CAPITAL AND RESERVES
Called up share capital 8 770,000 770,000
Revaluation reserve 9 441,233 392,007
Retained earnings 11,071 8,873
SHAREHOLDERS' FUNDS 1,222,304 1,170,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:



K M S McFarlane - Director


MACTECH INVESCO PROPERTIES LIMITED (REGISTERED NUMBER: 08947339)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mactech Invesco Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements
The Directors revaluation of investment properties was based on the judgement of the Director when comparing those properties with similar properties for sale within the same area.
There were no other judgements made that were significant enough to warrant disclosure.

Turnover
Turnover represents rental income from properties and excludes VAT as the company is not VAT registered. The revenue is recognised on as it falls due for payment.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Significant estimates
There were no estimates made that were significant enough to warrant disclosure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

MACTECH INVESCO PROPERTIES LIMITED (REGISTERED NUMBER: 08947339)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 April 2023 707,493 534,330 2,538
Additions 80,428 60,750 -
At 31 March 2024 787,921 595,080 2,538
DEPRECIATION
At 1 April 2023 - - 1,719
Charge for year - - 163
At 31 March 2024 - - 1,882
NET BOOK VALUE
At 31 March 2024 787,921 595,080 656
At 31 March 2023 707,493 534,330 819

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 33,945 5,532 1,283,838
Additions - - 141,178
At 31 March 2024 33,945 5,532 1,425,016
DEPRECIATION
At 1 April 2023 16,886 2,683 21,288
Charge for year 1,698 570 2,431
At 31 March 2024 18,584 3,253 23,719
NET BOOK VALUE
At 31 March 2024 15,361 2,279 1,401,297
At 31 March 2023 17,059 2,849 1,262,550

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 600 -
Other debtors 1,416 301
2,016 301

MACTECH INVESCO PROPERTIES LIMITED (REGISTERED NUMBER: 08947339)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,289 985
Taxation and social security 10,495 9,997
Other creditors 71,511 91,827
83,295 102,809

Included in other creditors are amounts owed to the members, this year they were owed £69,552 (£89,934 - 2023).

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 186,644 94,986

Deferred
tax
£   
Balance at 1 April 2023 94,986
Provided during year 91,658
Balance at 31 March 2024 186,644

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
769,538 Ordinary £1 769,538 769,538
77 A shares £1 77 77
77 B shares £1 77 77
77 C shares £1 77 77
77 D shares £1 77 77
77 E shares £1 77 77
77 F shares £1 77 77
770,000 770,000

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023 392,007
Property revaluation movement 49,226

At 31 March 2024 441,233

10. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

MACTECH INVESCO PROPERTIES LIMITED

Report of the Accountants to the Director of
Mactech Invesco Properties Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


9 October 2024