Company registration number 0696566 (England and Wales)
MCINTYRES PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
MCINTYRES PROPERTIES LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
MCINTYRES PROPERTIES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
930,770
907,395
Current assets
Debtors
5
618
1,053
Cash at bank and in hand
30,529
27,142
31,147
28,195
Creditors: amounts falling due within one year
6
(5,994)
(5,906)
Net current assets
25,153
22,289
Net assets
955,923
929,684
Capital and reserves
Called up share capital
20,000
20,000
Profit and loss reserves
935,923
909,684
Total equity
955,923
929,684

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 12 January 2025 and are signed on its behalf by:
Mr P J McInytre
Director
Company registration number 0696566 (England and Wales)
MCINTYRES PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

McIntyres Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pillar Cottage, Low Skerningham Lane, Barmpton, Darlington, Co Durham, DL1 3JA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value.

 

The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover is the profit and loss account represents amounts receivable during the year.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment income

Investment income comprises of dividends and interest and is accountable for on a receivable basis.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

MCINTYRES PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.7

Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Computers
£
Cost
At 1 July 2023 and 30 June 2024
519
Depreciation and impairment
At 1 July 2023 and 30 June 2024
519
Carrying amount
At 30 June 2024
-
0
At 30 June 2023
-
0
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
930,770
907,395
MCINTYRES PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
4
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 July 2023
907,395
Additions
45,571
Valuation changes
63,024
Disposals
(85,220)
At 30 June 2024
930,770
Carrying amount
At 30 June 2024
930,770
At 30 June 2023
907,395
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
618
1,053
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
5,994
5,906
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