1 August 2023 false Taxfiler 2024.6 10928252business:PrivateLimitedCompanyLtd2023-08-012024-07-31 109282522023-07-31 109282522023-08-012024-07-31 10928252business:AuditExemptWithAccountantsReport2023-08-012024-07-31 10928252business:FilletedAccounts2023-08-012024-07-31 109282522024-07-31 10928252business:Director12023-08-012024-07-31 10928252business:Director22023-08-012024-07-31 10928252business:RegisteredOffice2023-08-012024-07-31 109282522023-07-31 10928252core:WithinOneYear2024-07-31 10928252core:WithinOneYear2023-07-31 10928252core:AfterOneYear2024-07-31 10928252core:AfterOneYear2023-07-31 10928252core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 10928252core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 10928252core:RevaluationReservecore:PreviouslyStatedAmount2024-07-31 10928252core:RevaluationReservecore:PreviouslyStatedAmount2023-07-31 10928252core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 10928252core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10928252core:PreviouslyStatedAmount2024-07-31 10928252core:PreviouslyStatedAmount2023-07-31 10928252business:SmallEntities2023-08-012024-07-31 10928252countries:EnglandWales2023-08-012024-07-31 10928252core:FurnitureFittings2023-08-012024-07-31 10928252core:FurnitureFittings2023-07-31 10928252core:ComputerEquipment2023-07-31 10928252core:FurnitureFittings2024-07-31 10928252core:ComputerEquipment2024-07-31 10928252core:ComputerEquipment2023-08-012024-07-31 10928252core:MoreThanFiveYears2024-07-31 10928252core:MoreThanFiveYears2023-07-31 10928252core:AfterOneYear2023-08-012024-07-31 109282522022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 10928252 (England and Wales)
MCNAMARA PROPERTIES LIMITED Unaudited accounts for the year ended 31 July 2024
MCNAMARA PROPERTIES LIMITED Unaudited accounts Contents
Page
- 2 -
MCNAMARA PROPERTIES LIMITED Company Information for the year ended 31 July 2024
Directors
Siobhan Marie McNamara Deidre Elizabeth McNamara
Company Number
10928252 (England and Wales)
Registered Office
12 Robins Grove Rothwell Leeds West Yorkshire LS26 0LE
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
- 3 -
MCNAMARA PROPERTIES LIMITED Accountants' report
Accountants' report to the board of directors of MCNAMARA PROPERTIES LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MCNAMARA PROPERTIES LIMITED for the year ended 31 July 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of MCNAMARA PROPERTIES LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of MCNAMARA PROPERTIES LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MCNAMARA PROPERTIES LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MCNAMARA PROPERTIES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MCNAMARA PROPERTIES LIMITED. You consider that MCNAMARA PROPERTIES LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MCNAMARA PROPERTIES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 22 January 2025
- 4 -
MCNAMARA PROPERTIES LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,302 
2,097 
Investment property
243,480 
233,525 
244,782 
235,622 
Current assets
Debtors
917 
250 
Cash at bank and in hand
980 
- 
1,897 
250 
Creditors: amounts falling due within one year
(79,026)
(89,942)
Net current liabilities
(77,129)
(89,692)
Total assets less current liabilities
167,653 
145,930 
Creditors: amounts falling due after more than one year
(185,510)
(167,744)
Net liabilities
(17,857)
(21,814)
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
38,567 
42,250 
Profit and loss account
(56,434)
(64,074)
Shareholders' funds
(17,857)
(21,814)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2025 and were signed on its behalf by
Siobhan Marie McNamara Director Company Registration No. 10928252
- 5 -
MCNAMARA PROPERTIES LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
MCNAMARA PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10928252. The registered office is 12 Robins Grove, Rothwell, Leeds, West Yorkshire, LS26 0LE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The property was valued by the Directors at the period end. The gain on revaluation is unrealised and hence unavailable for distribution.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Between 25% - 33% on cost.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 6 -
MCNAMARA PROPERTIES LIMITED Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
13,050 
866 
13,916 
At 31 July 2024
13,050 
866 
13,916 
Depreciation
At 1 August 2023
11,530 
289 
11,819 
Charge for the year
507 
288 
795 
At 31 July 2024
12,037 
577 
12,614 
Net book value
At 31 July 2024
1,013 
289 
1,302 
At 31 July 2023
1,520 
577 
2,097 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
233,525 
Additions
782 
Net gain from fair value adjustments
9,173 
At 31 July 2024
243,480 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
917 
250 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
1,759 
Other creditors
917 
200 
Loans from directors
78,109 
87,983 
79,026 
89,942 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
185,510 
167,744 
Aggregate of amounts that fall due for payment after five years
185,510 
167,744 
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -