IRIS Accounts Production v24.3.0.553 13859039 Board of Directors 1.2.23 31.1.24 31.1.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138590392023-01-31138590392024-01-31138590392023-02-012024-01-31138590392022-01-18138590392022-01-192023-01-31138590392023-01-3113859039ns15:EnglandWales2023-02-012024-01-3113859039ns14:PoundSterling2023-02-012024-01-3113859039ns10:Director12023-02-012024-01-3113859039ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3113859039ns10:SmallEntities2023-02-012024-01-3113859039ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3113859039ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3113859039ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3113859039ns10:FullAccounts2023-02-012024-01-3113859039ns10:OrdinaryShareClass12023-02-012024-01-3113859039ns10:Director22023-02-012024-01-3113859039ns10:RegisteredOffice2023-02-012024-01-3113859039ns5:CurrentFinancialInstruments2024-01-3113859039ns5:CurrentFinancialInstruments2023-01-3113859039ns5:Non-currentFinancialInstruments2024-01-3113859039ns5:Non-currentFinancialInstruments2023-01-3113859039ns5:ShareCapital2024-01-3113859039ns5:ShareCapital2023-01-3113859039ns5:RetainedEarningsAccumulatedLosses2024-01-3113859039ns5:RetainedEarningsAccumulatedLosses2023-01-3113859039ns5:FurnitureFittings2023-01-3113859039ns5:FurnitureFittings2023-02-012024-01-3113859039ns5:FurnitureFittings2024-01-3113859039ns5:FurnitureFittings2023-01-3113859039ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3113859039ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3113859039ns5:Secured2024-01-3113859039ns5:Secured2023-01-3113859039ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 13859039 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MCKEEFERY PROPERTY MANAGEMENT LTD

MCKEEFERY PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 13859039)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCKEEFERY PROPERTY MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs L V Mckeefery
Mr K C McKeefery





REGISTERED OFFICE: 12 Victoria Road
Barnsley
South Yorkshire
S70 2BB





REGISTERED NUMBER: 13859039 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

MCKEEFERY PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 13859039)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,552 26,069
Investment property 5 1,380,725 1,198,425
1,400,277 1,224,494

CURRENT ASSETS
Debtors 6 4,438 2,954
Cash at bank 9,520 10,360
13,958 13,314
CREDITORS
Amounts falling due within one year 7 730,413 511,048
NET CURRENT LIABILITIES (716,455 ) (497,734 )
TOTAL ASSETS LESS CURRENT LIABILITIES 683,822 726,760

CREDITORS
Amounts falling due after more than
one year

8

757,500

757,500
NET LIABILITIES (73,678 ) (30,740 )

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings (73,680 ) (30,742 )
SHAREHOLDERS' FUNDS (73,678 ) (30,740 )

MCKEEFERY PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 13859039)

BALANCE SHEET - continued
31 JANUARY 2024


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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





Mr K C McKeefery - Director


MCKEEFERY PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 13859039)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Mckeefery Property Management Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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 and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
When the outcome of a transaction can be estimated reliably, turnover from holiday property rentals is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to contractual obligations fulfilled.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures & Fittings25% reducing balance



MCKEEFERY PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 13859039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Going concern
The accounts have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.

3. EMPLOYEES AND DIRECTORS

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

MCKEEFERY PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 13859039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 28,025
DEPRECIATION
At 1 February 2023 1,956
Charge for year 6,517
At 31 January 2024 8,473
NET BOOK VALUE
At 31 January 2024 19,552
At 31 January 2023 26,069

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 1,198,425
Additions 182,300
At 31 January 2024 1,380,725
NET BOOK VALUE
At 31 January 2024 1,380,725
At 31 January 2023 1,198,425

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Prepayments and accrued income 4,438 2,954

MCKEEFERY PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 13859039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Directors' current accounts 713,613 497,638
Accruals and deferred income 16,800 13,410
730,413 511,048

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans more 5 yr by instal 757,500 757,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 757,500 757,500

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 757,500 757,500

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary £1 2 2