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REGISTERED NUMBER: 09840954 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MACKENZIE MILLER DEVELOPMENTS LIMITED

MACKENZIE MILLER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09840954)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACKENZIE MILLER DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr P Mackenzie
Mrs N Kinnie





REGISTERED OFFICE: Stoneleigh Abbey Mews
Stoneleigh Abbey
Kenilworth
Warwickshire
CV8 2LF





REGISTERED NUMBER: 09840954 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

MACKENZIE MILLER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09840954)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 243,294 198,277

CURRENT ASSETS
Stocks 1,769,537 623,648
Debtors 5 810,717 2,255,488
Cash at bank 221,364 46,250
2,801,618 2,925,386
CREDITORS
Amounts falling due within one year 6 2,047,623 3,113,683
NET CURRENT ASSETS/(LIABILITIES) 753,995 (188,297 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

997,289

9,980

CREDITORS
Amounts falling due after more than one
year

7

406,711

28,271
NET ASSETS/(LIABILITIES) 590,578 (18,291 )

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 590,278 (18,591 )
590,578 (18,291 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

MACKENZIE MILLER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09840954)

BALANCE SHEET - continued
31 OCTOBER 2023


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 31 October 2024 and were signed on its behalf by:





Mr P Mackenzie - Director


MACKENZIE MILLER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09840954)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Mackenzie Miller Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Construction contracts:
When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the development plans laid out for the contracts undertook.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

MACKENZIE MILLER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09840954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company, as there are sufficient funds available.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 118,462 164,913 11,400 294,775
Additions 7,637 153,279 655 161,571
At 31 October 2023 126,099 318,192 12,055 456,346
DEPRECIATION
At 1 November 2022 29,616 55,482 11,400 96,498
Charge for year 31,524 84,866 164 116,554
At 31 October 2023 61,140 140,348 11,564 213,052
NET BOOK VALUE
At 31 October 2023 64,959 177,844 491 243,294
At 31 October 2022 88,846 109,431 - 198,277

MACKENZIE MILLER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09840954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 232,704 108,064
Amounts owed by participating interests 419,061 2,006,204
Other debtors 158,952 141,220
810,717 2,255,488

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,808 9,808
Hire purchase contracts (see note 8) 11,799 -
Trade creditors 815,054 876,347
Amounts owed to participating interests 501,794 1,909,781
Taxation and social security 576,131 236,557
Other creditors 133,037 81,190
2,047,623 3,113,683

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 18,462 28,271
Hire purchase contracts (see note 8) 80,007 -
Other creditors 308,242 -
406,711 28,271

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 11,799 -
Between one and five years 80,007 -
91,806 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year 35,195 35,195
Between one and five years 17,598 52,793
52,793 87,988

MACKENZIE MILLER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09840954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Mackenzie.