MacWilliam Ltd 12039411 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the rental of investment property. Digita Accounts Production Advanced 6.30.9574.0 true true 12039411 2023-07-01 2024-06-30 12039411 2024-06-30 12039411 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 12039411 bus:SmallEntities 2023-07-01 2024-06-30 12039411 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12039411 bus:FullAccounts 2023-07-01 2024-06-30 12039411 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12039411 bus:RegisteredOffice 2023-07-01 2024-06-30 12039411 bus:Director1 2023-07-01 2024-06-30 12039411 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12039411 countries:England 2023-07-01 2024-06-30 12039411 2023-06-30 12039411 2022-07-01 2023-06-30 12039411 2023-06-30 12039411 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 12039411

MacWilliam Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

MacWilliam Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

MacWilliam Ltd

Company Information

Director

Mr H D J MacWilliam

Registered office

103 Thorne Road
Doncaster
South Yorkshire
DN2 5BE

 

MacWilliam Ltd

(Registration number: 12039411)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

345,679

345,679

Current assets

 

Cash at bank and in hand

 

44,339

136,926

Creditors: Amounts falling due within one year

5

(363,297)

(464,051)

Net current liabilities

 

(318,958)

(327,125)

Net assets

 

26,721

18,554

Capital and reserves

 

Called up share capital

1

1

Retained earnings

26,720

18,553

Shareholders' funds

 

26,721

18,554

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 17 December 2024
 

.........................................
Mr H D J MacWilliam
Director

 

MacWilliam Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
103 Thorne Road
Doncaster
South Yorkshire
DN2 5BE

These financial statements were authorised for issue by the director on 17 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

MacWilliam Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investment properties

2024
£

At 1 July

345,679

At 30 June

345,679

There has been no valuation of investment property by an independent valuer.

 

MacWilliam Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,912

4,352

Accruals and deferred income

695

660

Other creditors

360,690

459,039

363,297

464,051