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REGISTERED NUMBER: 10406098 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

McDade Roberts Holdings (2016) Limited

McDade Roberts Holdings (2016) Limited (Registered number: 10406098)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


McDade Roberts Holdings (2016) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr K R Carey BA (Hons) FCA
Mr M Garry BA (Hons), FCA
Mrs C H Richards FCA





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE





REGISTERED NUMBER: 10406098 (England and Wales)






McDade Roberts Holdings (2016) Limited (Registered number: 10406098)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,247,608 1,217,491

CURRENT ASSETS
Cash at bank and in hand 8,179 6,367

CREDITORS
Amounts falling due within one year 5 317,692 301,413
NET CURRENT LIABILITIES (309,513 ) (295,046 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

938,095

922,445

CREDITORS
Amounts falling due after more than one
year

6

181,226

153,275
NET ASSETS 756,869 769,170

CAPITAL AND RESERVES
Called up share capital 11,043 11,043
Share premium 56,767 56,767
Fair value reserve 7 451,284 421,167
Retained earnings 237,775 280,193
SHAREHOLDERS' FUNDS 756,869 769,170

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 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.

McDade Roberts Holdings (2016) Limited (Registered number: 10406098)

Statement of Financial Position - continued
31 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 17 November 2024 and were signed on its behalf by:




Mr M Garry BA (Hons), FCA - Director Mr K R Carey BA (Hons) FCA - Director




Mrs C H Richards FCA - Director


McDade Roberts Holdings (2016) Limited (Registered number: 10406098)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

McDade Roberts Holdings (2016) 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.

The financial statements have been prepared in pounds sterling which is the functional currency of the company.

Preparation of consolidated financial statements
The financial statements contain information about McDade Roberts Holdings (2016) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the preparation of the financial statements the directors have made judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the year end date and the amounts reported for income and expenses during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis.

Investments in subsidiaries
Investments in subsidiaries and associates are recorded at fair value with the gains and losses recognised in the profit and loss account each year. The fair value reviews are carried out annually and on a systematic basis.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

McDade Roberts Holdings (2016) Limited (Registered number: 10406098)

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


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 April 2023 1,217,491
Fair value adjustment 30,117
At 31 March 2024 1,247,608
NET BOOK VALUE
At 31 March 2024 1,247,608
At 31 March 2023 1,217,491

Investments in subsidiaries are held at fair value and reviewed each year.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors (1 ) -
Amounts owed to group undertakings 232,550 223,955
Other creditors 85,143 77,458
317,692 301,413

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 181,226 153,275

Amounts falling due in more than five years:

Repayable by instalments
Loan notes over 5 years - 11,600

7. RESERVES
Fair
value
reserve
£   
At 1 April 2023 421,167
Fair value reserve 30,117

At 31 March 2024 451,284

McDade Roberts Holdings (2016) Limited (Registered number: 10406098)

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


8. RELATED PARTY DISCLOSURES

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.