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Registration number: 09194142

McLaren Real Estate Consulting Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

McLaren Real Estate Consulting Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

McLaren Real Estate Consulting Limited

(Registration number: 09194142)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

14,905

Current assets

 

Debtors

5

944

223,184

Cash at bank and in hand

 

89,226

69,075

 

90,170

292,259

Creditors: Amounts falling due within one year

6

(1,096)

(320)

Net current assets

 

89,074

291,939

Net assets

 

89,074

306,844

Capital and reserves

 

Called up share capital

100

100

Retained earnings

88,974

306,744

Shareholders' funds

 

89,074

306,844

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 February 2025
 

.........................................
IJ McLaren
Director

 

McLaren Real Estate Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of real estate consulting services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

McLaren Real Estate Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Garden Office

2% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 November 2023

14,848

6,792

21,640

Disposals

(14,848)

(6,792)

(21,640)

At 31 October 2024

-

-

-

Depreciation

At 1 November 2023

989

5,746

6,735

Charge for the year

297

546

843

Eliminated on disposal

(1,286)

(6,292)

(7,578)

At 31 October 2024

-

-

-

Carrying amount

At 31 October 2024

-

-

-

At 31 October 2023

13,859

1,046

14,905

 

McLaren Real Estate Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

7

-

166,100

Prepayments

 

466

414

Other debtors

 

478

56,670

   

944

223,184

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

1,096

320

7

Related party transactions

Transactions with the director

2024

At 1 November 2023
£

Advances to director
£

Repayments by director
£

At 31 October 2024
£

IJ McLaren

Short term loan

56,173

95,991

(152,440)

(276)

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

At 31 October 2023
£

IJ McLaren

Short term loan

(11,967)

87,090

(18,950)

56,173

 

McLaren Real Estate Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Summary of transactions with parent

Loans to related parties

2024

Parent
£

Total
£

At start of period

166,100

166,100

Advanced

30,000

30,000

Repaid

(196,100)

(196,100)

At end of period

-

-

2023

Parent
£

Total
£

At start of period

141,100

141,100

Advanced

25,000

25,000

At end of period

166,100

166,100

8

Parent and ultimate parent undertaking

The company's immediate parent is Helford Powerboat Charters Limited, incorporated in the United Kingdom.