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Company Registration No. 11961841 (England and Wales)
Mac Developments London Ltd Unaudited accounts for the year ended 30 April 2024
Mac Developments London Ltd Unaudited accounts Contents
Page
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Mac Developments London Ltd Company Information for the year ended 30 April 2024
Directors
Ben Neil Mackereth Putri Dorothy Mackereth
Company Number
11961841 (England and Wales)
Registered Office
Flat 34 Luna House 37 Bermondsey Wall West London SE16 4RN England
Accountants
Abacus Accounting Solutions Ltd 5 Pasture Close North Wembley Middlesex HA0 3JE
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Mac Developments London Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
585,000 
585,000 
Investments
50 
50 
585,050 
585,050 
Current assets
Debtors
1,891,926 
1,740,724 
Cash at bank and in hand
16,763 
463 
1,908,689 
1,741,187 
Creditors: amounts falling due within one year
(1,643,833)
(1,549,782)
Net current assets
264,856 
191,405 
Total assets less current liabilities
849,906 
776,455 
Creditors: amounts falling due after more than one year
(515,328)
(512,819)
Provisions for liabilities
Deferred tax
(17,596)
(13,373)
Net assets
316,982 
250,263 
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
57,010 
57,010 
Profit and loss account
259,872 
193,153 
Shareholders' funds
316,982 
250,263 
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by
Putri Dorothy Mackereth Director Company Registration No. 11961841
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Mac Developments London Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Mac Developments London Ltd is a private company, limited by shares, registered in England and Wales, registration number 11961841. The registered office is Flat 34, Luna House, 37 Bermondsey Wall West, London, SE16 4RN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Government grants
Government assisted loans Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 May 2023
585,000 
At 30 April 2024
585,000 
The investment property was valued by the directors.
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 May 2023
50 
Valuation at 30 April 2024
50 
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Mac Developments London Ltd Notes to the Accounts for the year ended 30 April 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
900 
- 
Other debtors
1,891,026 
1,740,724 
1,891,926 
1,740,724 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,721 
9,952 
Other creditors
1,638,147 
1,539,080 
Accruals
965 
750 
1,643,833 
1,549,782 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
515,328 
512,819 
The bank loans are secured by way of a fixed and floating charge over the assets of the company and contains a negative pledge.
9
Transactions with related parties
Included in debtors is an amount of £1,888,626 (2023: £1,737,868) owed by companies in which the directors have an interest. Included in creditors is an amount of £174,896 (2023: £Nil) owed to companies in which the directors have an interest.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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