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Company No: 00955750 (England and Wales)

MCCARTHY HOLDINGS (WARMINSTER) LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

MCCARTHY HOLDINGS (WARMINSTER) LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

MCCARTHY HOLDINGS (WARMINSTER) LIMITED

BALANCE SHEET

As at 30 September 2024
MCCARTHY HOLDINGS (WARMINSTER) LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 16,058 16,395
Investment property 4 1,395,000 975,000
1,411,058 991,395
Current assets
Debtors 5 1,787 1,789
Cash at bank and in hand 7,899 16,850
9,686 18,639
Creditors: amounts falling due within one year 6 ( 13,490) ( 9,729)
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 ( 241,899) ( 103,946)
Net assets 1,165,355 896,359
Capital and reserves
Called-up share capital 6,250 6,250
Share premium account 25,250 25,250
Capital redemption reserve 1,000 1,000
Profit and loss account 1,132,855 863,859
Total shareholders' funds 1,165,355 896,359

Included within the profit and loss account reserves is £950,358 (2023: £668,182) of non-distributable reserves.

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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: 00955750) were approved and authorised for issue by the Board of Directors on 03 February 2025. They were signed on its behalf by:

Mrs F S C Grotrian
Director
MCCARTHY HOLDINGS (WARMINSTER) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
MCCARTHY HOLDINGS (WARMINSTER) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

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.

General information and basis of accounting

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 £.

Turnover

Turnover represents the gross rental income receivable, excluding Value Added Tax, from investment properties. Where rental income is invoiced in advance, this is deferred to the extent that the rental
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.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Fixtures and fittings 7 years straight line
Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 01 October 2023 42,530 30,369 72,899
Additions 0 520 520
At 30 September 2024 42,530 30,889 73,419
Accumulated depreciation
At 01 October 2023 26,135 30,369 56,504
Charge for the financial year 851 6 857
At 30 September 2024 26,986 30,375 57,361
Net book value
At 30 September 2024 15,544 514 16,058
At 30 September 2023 16,395 0 16,395

Included within the net book value of land and buildings above is £15,544 (2023: £16,395) in respect of freehold land and buildings.

4. Investment property

Investment property
£
Valuation
As at 01 October 2023 975,000
Fair value movement 420,000
As at 30 September 2024 1,395,000

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).

5. Debtors

2024 2023
£ £
Other debtors 1,787 1,789

6. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 2,100 2,090
Taxation and social security 8,277 4,526
Other creditors 3,113 3,113
13,490 9,729