Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31falsefalsetrue2023-04-01Holding company22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13817577 2023-04-01 2024-03-31 13817577 2021-12-24 2023-03-31 13817577 2024-03-31 13817577 2023-03-31 13817577 c:Director2 2023-04-01 2024-03-31 13817577 d:LeaseholdInvestmentProperty 2023-04-01 2024-03-31 13817577 d:LeaseholdInvestmentProperty 2024-03-31 13817577 d:CurrentFinancialInstruments 2024-03-31 13817577 d:CurrentFinancialInstruments 2023-03-31 13817577 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13817577 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13817577 d:ShareCapital 2023-04-01 2024-03-31 13817577 d:ShareCapital 2024-03-31 13817577 d:ShareCapital 2021-12-24 2023-03-31 13817577 d:ShareCapital 2023-03-31 13817577 d:SharePremium 2023-04-01 2024-03-31 13817577 d:SharePremium 2024-03-31 13817577 d:SharePremium 2021-12-24 2023-03-31 13817577 d:SharePremium 2023-03-31 13817577 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 13817577 d:RetainedEarningsAccumulatedLosses 2024-03-31 13817577 d:RetainedEarningsAccumulatedLosses 2021-12-24 2023-03-31 13817577 d:RetainedEarningsAccumulatedLosses 2023-03-31 13817577 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13817577 c:OrdinaryShareClass1 2024-03-31 13817577 c:OrdinaryShareClass2 2023-04-01 2024-03-31 13817577 c:OrdinaryShareClass2 2024-03-31 13817577 c:FRS102 2023-04-01 2024-03-31 13817577 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13817577 c:FullAccounts 2023-04-01 2024-03-31 13817577 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13817577 6 2023-04-01 2024-03-31 13817577 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13817577









MACROY PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MACROY PROPERTY LIMITED
REGISTERED NUMBER: 13817577

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1
1,063,231

Investment property
 5 
1,062,000
-

  
1,062,001
1,063,231

Current assets
  

Debtors: amounts falling due within one year
 6 
13,332
-

Cash at bank and in hand
 7 
20,440
28,537

  
33,772
28,537

Creditors: amounts falling due within one year
 8 
(21,734)
(23,505)

Net current assets
  
 
 
12,038
 
 
5,032

Total assets less current liabilities
  
1,074,039
1,068,263

  

Net assets
  
1,074,039
1,068,263


Capital and reserves
  

Called up share capital 
 9 
3,604
3,604

Share premium account
  
1,064,658
1,064,658

Profit and loss account
  
5,777
1

  
1,074,039
1,068,263


Page 1

 
MACROY PROPERTY LIMITED
REGISTERED NUMBER: 13817577
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 March 2025.




M McWilliams
Director

The notes on pages 5 to 9 form part of these financial statements.

Page 2

 
MACROY PROPERTY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 April 2023
3,604
1,064,658
1
1,068,263


Comprehensive income for the year

Profit for the year
-
-
72,444
72,444
Total comprehensive income for the year
-
-
72,444
72,444


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(66,668)
(66,668)


Total transactions with owners
-
-
(66,668)
(66,668)


At 31 March 2024
3,604
1,064,658
5,777
1,074,039


The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
MACROY PROPERTY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


Comprehensive income for the period

Profit for the period
-
-
53,334
53,334
Total comprehensive income for the period
-
-
53,334
53,334


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(53,333)
(53,333)

Shares issued during the period
10,064
2,954,968
-
2,965,032

Shares redeemed during the period
-
(1,890,310)
-
(1,890,310)

Shares cancelled during the period
(6,460)
-
-
(6,460)


Total transactions with owners
3,604
1,064,658
(53,333)
1,014,929


At 31 March 2023
3,604
1,064,658
1
1,068,263


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
MACROY PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Macroy Property Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX.
The company commenced the year as a holding company and become a property investment company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.3

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 5

 
MACROY PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


      Year ended
       31 March
     Period ended
        31 March
        2024
        2023
            No.
            No.







Directors
2
2

Page 6

 
MACROY PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 April 2023
1,063,231


Impairment
(1,063,230)



At 31 March 2024
1





5.


Investment property


Long term leasehold investment property

£



Valuation


Additions
1,062,000



At 31 March 2024
1,062,000

The 2024 valuations were made by directors, on an open market value for existing use basis.




Page 7

 
MACROY PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Other debtors
13,332
-

13,332
-



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
20,440
28,537

20,440
28,537



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
23,505

Corporation tax
21,734
-

21,734
23,505



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,802 Ordinary A shares of £1 each
1,802
1,802
1,802 Ordinary B shares of £1 each
1,802
1,802

3,604

3,604

The Ordinary A £1 and Ordinary B £1 shares rank pari passu except that each class of share is distinct for the purpose of declaration of dividends.


Page 8

 
MACROY PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Transactions with directors

Included within other debtors is an amount of £13,332 (2023 - £Nil) due from the directors and their close family members. No interest is accruing or payable on this loan.


11.


Related party transactions

The company has taken advantage of the exemption in Financial Reporting Standard 102 not to disclose any transactions with other members of the group.


12.


Controlling party

The controlling parties of the company are its directors and close family members by virtue of their 100% shareholding.

 
Page 9