Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30Renting of investment property02false2023-07-01truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11898366 2023-07-01 2024-06-30 11898366 2022-07-01 2023-06-30 11898366 2024-06-30 11898366 2023-06-30 11898366 c:Director1 2023-07-01 2024-06-30 11898366 d:FreeholdInvestmentProperty 2024-06-30 11898366 d:FreeholdInvestmentProperty 2023-06-30 11898366 d:CurrentFinancialInstruments 2024-06-30 11898366 d:CurrentFinancialInstruments 2023-06-30 11898366 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11898366 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11898366 d:ShareCapital 2024-06-30 11898366 d:ShareCapital 2023-06-30 11898366 d:RetainedEarningsAccumulatedLosses 2024-06-30 11898366 d:RetainedEarningsAccumulatedLosses 2023-06-30 11898366 c:FRS102 2023-07-01 2024-06-30 11898366 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11898366 c:FullAccounts 2023-07-01 2024-06-30 11898366 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 11898366









MCAULEY HOLDINGS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
MCAULEY HOLDINGS LTD
REGISTERED NUMBER: 11898366

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
407,349
407,349

  
407,349
407,349

Current assets
  

Debtors: amounts falling due within one year
  
-
1,282

Cash at bank and in hand
 6 
29,152
325,252

  
29,152
326,534

Creditors: amounts falling due within one year
 7 
(173,463)
(492,885)

Net current liabilities
  
 
 
(144,311)
 
 
(166,351)

Total assets less current liabilities
  
263,038
240,998

  

Net assets
  
263,038
240,998


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
262,938
240,898

  
263,038
240,998

Page 1

 
MCAULEY HOLDINGS LTD
REGISTERED NUMBER: 11898366
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


E McAuley
Director

Date: 29 January 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
MCAULEY HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

McAuley Holdings Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Director’s report.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director has adopted the going concern basis of accounting in preparing the financial statements.  

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
MCAULEY HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
407,349



At 30 June 2024
407,349

The 2024 valuations were made by the directors, on an open market value for existing use basis.








5.


Debtors

2024
2023
£
£


Prepayments and accrued income
-
1,282

-
1,282


Page 4

 
MCAULEY HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
29,152
325,252

29,152
325,252



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
5,043
-

Other creditors
166,680
491,310

Accruals and deferred income
1,740
1,575

173,463
492,885



8.


Related party transactions

Included within other creditors is an amount due to a related party of £14,879 (2023: £339,509). Also Included within other creditors is an amount due to a director of £151,801 (2023: £151,801).
There is no interest due on these amounts and they are recoverable upon demand.


9.


Controlling party

The ultimate controlling party is E McAuley by virtue of a majority shareholding.
 
Page 5