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Company Registration No. 12618037 (England and Wales)
MACSHARP Properties Ltd Unaudited accounts for the year ended 31 May 2024
MACSHARP Properties Ltd Unaudited accounts Contents
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MACSHARP Properties Ltd Company Information for the year ended 31 May 2024
Directors
Ben Neil MacKereth Putri Dorothy MacKereth Prasam Patel Heena Patel
Company Number
12618037 (England and Wales)
Registered Office
103 Laitwood Road London SW12 9QH ENGLAND
Accountants
Abacus Accounting Solutions Ltd 5 Pasture Close North Wembley Middlesex HA0 3JE
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MACSHARP Properties Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
693,441 
692,024 
Current assets
Cash at bank and in hand
33,305 
64,851 
Creditors: amounts falling due within one year
(13,488)
(18,468)
Net current assets
19,817 
46,383 
Total assets less current liabilities
713,258 
738,407 
Creditors: amounts falling due after more than one year
(617,129)
(667,129)
Net assets
96,129 
71,278 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
96,127 
71,276 
Shareholders' funds
96,129 
71,278 
For the year ending 31 May 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 2 March 2025 and were signed on its behalf by
Putri Dorothy MacKereth Director Company Registration No. 12618037
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MACSHARP Properties Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
MACSHARP Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12618037. The registered office is 103 Laitwood Road, London, SW12 9QH, 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.
Presentation currency
The accounts are presented in £ sterling.
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.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
692,024 
Additions
1,417 
At 31 May 2024
693,441 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
8,163 
17,318 
Other creditors
4,125 
- 
Accruals
1,200 
1,150 
13,488 
18,468 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
617,129 
667,129 
7
Transactions with related parties
Included in creditors is amount of £617,129 (2023: £667,129) owed to companies in which the directors have an interest.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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