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REGISTERED NUMBER: 13585059 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD

31 JANUARY 2023 TO 29 FEBRUARY 2024

FOR

MCCARTHY HOLDINGS SW LTD

MCCARTHY HOLDINGS SW LTD (REGISTERED NUMBER: 13585059)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 JANUARY 2023 TO 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MCCARTHY HOLDINGS SW LTD

COMPANY INFORMATION
FOR THE PERIOD 31 JANUARY 2023 TO 29 FEBRUARY 2024







DIRECTORS: Mr S C McCarthy
Mr D McCarthy





REGISTERED OFFICE: The Rockery
St James Road
Torquay
Devon
TQ1 4FT





REGISTERED NUMBER: 13585059 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

MCCARTHY HOLDINGS SW LTD (REGISTERED NUMBER: 13585059)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 118 118

CURRENT ASSETS
Debtors 5 8,616,316 115
Cash at bank 876 454
8,617,192 569
CREDITORS
Amounts falling due within one year 6 1,180,670 977
NET CURRENT ASSETS/(LIABILITIES) 7,436,522 (408 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,436,640 (290 )

CAPITAL AND RESERVES
Called up share capital 230 230
Retained earnings 7,436,410 (520 )
SHAREHOLDERS' FUNDS 7,436,640 (290 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:




Mr S C McCarthy - Director



Mr D McCarthy - Director


MCCARTHY HOLDINGS SW LTD (REGISTERED NUMBER: 13585059)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 JANUARY 2023 TO 29 FEBRUARY 2024


1. STATUTORY INFORMATION

McCarthy Holdings SW 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about McCarthy Holdings SW Ltd 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was NIL (2023 - NIL).

MCCARTHY HOLDINGS SW LTD (REGISTERED NUMBER: 13585059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 JANUARY 2023 TO 29 FEBRUARY 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 31 January 2023
and 29 February 2024 118
NET BOOK VALUE
At 29 February 2024 118
At 30 January 2023 118

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 8,616,264 -
Other debtors 52 52
Directors' current accounts - 63
8,616,316 115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 43,725 -
Amounts owed to group undertakings 3 503
Other creditors 884,118 -
Directors' current accounts 251,306 -
Accrued expenses 1,518 474
1,180,670 977

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 29 February 2024 and 30 January 2023:

2024 2023
£    £   
Mr S C McCarthy
Balance outstanding at start of period 39 -
Amounts advanced 91,000 39
Amounts repaid (254,344 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (163,305 ) 39

MCCARTHY HOLDINGS SW LTD (REGISTERED NUMBER: 13585059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 JANUARY 2023 TO 29 FEBRUARY 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr D McCarthy
Balance outstanding at start of period 24 -
Amounts advanced 118,844 24
Amounts repaid (206,869 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (88,001 ) 24

Loans are unsecured, interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

During the period, total dividends of £703,079 were paid to the directors .

Included in other debtors, is amount of £52 relating to unpaid share capital by the shareholders.

Included in debtors is £8,616,264 loaned to McCarthy Contracting & Development Ltd, a company owned by McCarthy Holdings SW Limited.

Included in creditors are shareholder loans amounting to £791,230

9. ULTIMATE CONTROLLING PARTY

McCarthy Holdings SW Ltd is the parent company of: McCarthy Contracting & Development Ltd, McCarthy Homes SW Ltd, McCarthy Homes Torbay Ltd and McCarthy External Systems Ltd.