Registered number
13429429
MAC PROPERTY DEVELOPMENT LIMITED
Filleted Accounts
31 May 2024
MAC PROPERTY DEVELOPMENT LIMITED
Registered number: 13429429
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 59,378
Current assets
Debtors 4 1,150 1,150
Cash at bank and in hand 4,000 2,779
5,150 3,929
Creditors: amounts falling due within one year 5 3,858 (92,313)
Net current assets/(liabilities) 9,008 (88,384)
Net assets/(liabilities) 9,008 (29,006)
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,908 (29,106)
Shareholders' funds 9,008 (29,006)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H McDonald
Director
Approved by the board on 24 February 2025
MAC PROPERTY DEVELOPMENT LIMITED
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2023 59,378
Disposals (59,378)
At 31 May 2024 -
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 -
At 31 May 2023 59,378
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,150 1,150
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,089 -
Director's Account (7,802) 91,403
Accruals 1,845 900
Other creditors 10 10
(3,858) 92,313
6 Other information
MAC PROPERTY DEVELOPMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Bealbank Close
Newhey
Rochdale
England
OL16 4LF
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