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REGISTERED NUMBER: 01296046 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

MACESS PROPERTIES LIMITED

MACESS PROPERTIES LIMITED (REGISTERED NUMBER: 01296046)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


MACESS PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: P G Everson
Mrs E A Everson





SECRETARY: Mrs E A Everson





REGISTERED OFFICE: 5 Dalesway
Guiseley
Leeds
West Yorkshire
LS20 8JN





REGISTERED NUMBER: 01296046 (England and Wales)





ACCOUNTANTS: Smith Turner Chartered Accountants
Unit 7, Courtyard 31
Pontefract Road
Normanton
WF6 1JU

MACESS PROPERTIES LIMITED (REGISTERED NUMBER: 01296046)

BALANCE SHEET
31ST MARCH 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Investments 4 231 215
Investment property 5 685,000 685,000
685,231 685,215

CURRENT ASSETS
Debtors 6 533 2,126
Investments 7 90,000 90,000
Cash at bank 53,952 49,471
144,485 141,597
CREDITORS
Amounts falling due within one year 8 (15,736 ) (3,945 )
NET CURRENT ASSETS 128,749 137,652
TOTAL ASSETS LESS CURRENT
LIABILITIES

813,980

822,867

PROVISIONS FOR LIABILITIES (37,891 ) (37,891 )
NET ASSETS 776,089 784,976

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 182,076 182,076
Retained earnings 593,913 602,800
776,089 784,976

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

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

MACESS PROPERTIES LIMITED (REGISTERED NUMBER: 01296046)

BALANCE SHEET - continued
31ST MARCH 2024


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 31st October 2024 and were signed on its behalf by:





P G Everson - Director


MACESS PROPERTIES LIMITED (REGISTERED NUMBER: 01296046)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Macess 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 as modified by the revaluation of certain assets.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st April 2023 215
Revaluations 16
At 31st March 2024 231
NET BOOK VALUE
At 31st March 2024 231
At 31st March 2023 215

MACESS PROPERTIES LIMITED (REGISTERED NUMBER: 01296046)

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

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31st March 2024 is represented by:

Other
investments
£   
Valuation in 2016 349
Valuation in 2017 2,183
Valuation in 2018 (2,248 )
Valuation in 2019 (5 )
Valuation in 2020 (113 )
Valuation in 2023 49
Valuation in 2024 16
231

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 685,000
NET BOOK VALUE
At 31st March 2024 685,000
At 31st March 2023 685,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2020 114,967
Valuation in 2022 105,000
Cost 465,033
685,000

Investment property was valued on an open market basis on 31st March 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors - 1,586
Other debtors 533 540
533 2,126

7. CURRENT ASSET INVESTMENTS
31/3/24 31/3/23
£    £   
Other 90,000 90,000

MACESS PROPERTIES LIMITED (REGISTERED NUMBER: 01296046)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Taxation and social security 1,197 1,449
Other creditors 14,539 2,496
15,736 3,945

9. RESERVES
Fair
value
reserve
£   
At 1st April 2023
and 31st March 2024 182,076