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REGISTERED NUMBER: 10951343 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MACOSIE PROPERTIES LIMITED

MACOSIE PROPERTIES LIMITED (REGISTERED NUMBER: 10951343)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACOSIE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: D J Ball





REGISTERED OFFICE: 4 Old Field Road
Bocam Park
Pencoed
Bridgend
CF35 5LJ





REGISTERED NUMBER: 10951343 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

MACOSIE PROPERTIES LIMITED (REGISTERED NUMBER: 10951343)

BALANCE SHEET
30 SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,842 25,978
Investment property 5 5,904,375 5,875,000
5,924,217 5,900,978

CURRENT ASSETS
Debtors 6 320,010 77,325
Cash at bank 19,096 8,218
339,106 85,543
CREDITORS
Amounts falling due within one year 7 160,378 145,516
NET CURRENT ASSETS/(LIABILITIES) 178,728 (59,973 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,102,945

5,841,005

CREDITORS
Amounts falling due after more than one year 8 (4,392,514 ) (4,248,119 )

PROVISIONS FOR LIABILITIES (360,854 ) (270,095 )

ACCRUALS AND DEFERRED INCOME - (2,190 )
NET ASSETS 1,349,577 1,320,601

MACOSIE PROPERTIES LIMITED (REGISTERED NUMBER: 10951343)

BALANCE SHEET - continued
30 SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,349,477 1,320,501
1,349,577 1,320,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 February 2025 and were signed by:





D J Ball - Director


MACOSIE PROPERTIES LIMITED (REGISTERED NUMBER: 10951343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Macosie Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MACOSIE PROPERTIES LIMITED (REGISTERED NUMBER: 10951343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 41,281
DEPRECIATION
At 1 October 2023 15,303
Charge for year 6,136
At 30 September 2024 21,439
NET BOOK VALUE
At 30 September 2024 19,842
At 30 September 2023 25,978

MACOSIE PROPERTIES LIMITED (REGISTERED NUMBER: 10951343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 5,875,000
Revaluations 29,375
At 30 September 2024 5,904,375
NET BOOK VALUE
At 30 September 2024 5,904,375
At 30 September 2023 5,875,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2019 64,637
Valuation in 2020 240,144
Valuation in 2021 334,582
Valuation in 2022 515,552
Valuation in 2023 244,000
Valuation in 2024 29,375
Cost 4,476,085
5,904,375

If the properties had not been revalued they would have been included at the following historical cost:

30/9/24 30/9/23
£    £   
Cost 4,476,085 4,476,085

Investment property was valued on on a market value basis on 30 September 2024 by Daniel Jay Ball (Director) .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors (2,948 ) (2,675 )
Other debtors 322,958 80,000
320,010 77,325

MACOSIE PROPERTIES LIMITED (REGISTERED NUMBER: 10951343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 62,944 47,122
Trade creditors 11,805 7,375
Taxation and social security 35,439 44,019
Other creditors 50,190 47,000
160,378 145,516

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Bank loans 1,194,309 1,204,588
Other creditors 3,198,205 3,043,531
4,392,514 4,248,119