Company No:
Contents
Note | 2024 | 2023 | ||
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Fixed assets | ||||
Tangible assets | 3 |
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Investment property | 4 |
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1,411,058 | 991,395 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand |
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9,686 | 18,639 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current (liabilities)/assets | (3,804) | 8,910 | ||
Total assets less current liabilities | 1,407,254 | 1,000,305 | ||
Creditors: amounts falling due after more than one year | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Share premium account |
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Capital redemption reserve |
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Profit and loss account |
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Total shareholders' funds |
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Included within the profit and loss account reserves is £950,358 (2023: £668,182) of non-distributable reserves.
Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of McCarthy Holdings (Warminster) Limited (registered number:
Mrs F S C Grotrian
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
McCarthy Holdings (Warminster) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Chantry, Hill Deverill, Warminster, BA12 7EQ, United Kingdom.
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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
period has not elapsed at the period end. To the extent that rent due under the tenant agreement has not been invoiced or received at the period end, this amount is recognised as turnover and recognised in debtors.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
Land and buildings |
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Fixtures and fittings |
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The company holds the following financial instruments:
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Land and buildings | Fixtures and fittings | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 October 2023 |
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Additions |
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At 30 September 2024 |
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Accumulated depreciation | |||||
At 01 October 2023 |
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Charge for the financial year |
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At 30 September 2024 |
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Net book value | |||||
At 30 September 2024 |
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At 30 September 2023 |
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Investment property | |
£ | |
Valuation | |
As at 01 October 2023 |
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Fair value movement | 420,000 |
As at 30 September 2024 |
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The investment properties class of fixed assets was revalued on 30 September 2024 by an estate agent who is external to the company. The basis of the valuation was market value. This class of assets has a current value of £1,395,000 (2023 - £975.000) and a carrying amount at historical cost of £202,872 (2023 - £202,872). The depreciation on this historical cost is £0 (2023 - £0).
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£ | £ | ||
Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Accruals |
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Taxation and social security |
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Other creditors |
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