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Registered number: NI617703
McCammon Estates Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
D N Robinson Limited
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Mr D H McDonough
Company Number NI617703
Registered Office c/o D.N. Robinson Limited
17 Grays Hill
Bangor
County Down
BT20 3BB
Accountants D N Robinson Limited
Chartered Certified Accountant
17 Gray's Hill
Bangor
County Down
BT20 3BB
Page 1
Page 2
Balance Sheet
Registered number: NI617703
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 125,378 125,378
125,378 125,378
CURRENT ASSETS
Cash at bank and in hand 5,844 28,660
5,844 28,660
Creditors: Amounts Falling Due Within One Year 6 (160,631 ) (171,963 )
NET CURRENT ASSETS (LIABILITIES) (154,787 ) (143,303 )
TOTAL ASSETS LESS CURRENT LIABILITIES (29,409 ) (17,925 )
NET LIABILITIES (29,409 ) (17,925 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (29,509 ) (18,025 )
SHAREHOLDERS' FUNDS (29,409) (17,925)
Page 2
Page 3
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D H McDonough
Director
31/01/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
McCammon Estates Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI617703 . The registered office is c/o D.N. Robinson Limited, 17 Grays Hill, Bangor, County Down, BT20 3BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 69,167
As at 30 April 2024 69,167
Amortisation
As at 1 May 2023 69,167
As at 30 April 2024 69,167
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
Page 4
Page 5
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 and 30 April 2024 125,378
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 11,606 27,758
Corporation tax - 2,927
Other taxes and social security 222 222
Accruals and deferred income 960 960
Director's loan account 147,843 140,096
160,631 171,963
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5