Dryden Mackey Ltd 11393244 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is other letting and operating of own or leased real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 11393244 2023-07-01 2024-06-30 11393244 2024-06-30 11393244 bus:Director1 1 2024-06-30 11393244 bus:Director2 1 2024-06-30 11393244 core:CurrentFinancialInstruments 2024-06-30 11393244 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 11393244 core:Non-currentFinancialInstruments 2024-06-30 11393244 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 11393244 core:FurnitureFittings 2024-06-30 11393244 bus:SmallEntities 2023-07-01 2024-06-30 11393244 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11393244 bus:FilletedAccounts 2023-07-01 2024-06-30 11393244 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11393244 bus:RegisteredOffice 2023-07-01 2024-06-30 11393244 bus:Director1 2023-07-01 2024-06-30 11393244 bus:Director1 1 2023-07-01 2024-06-30 11393244 bus:Director2 2023-07-01 2024-06-30 11393244 bus:Director2 1 2023-07-01 2024-06-30 11393244 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11393244 core:FurnitureFittings 2023-07-01 2024-06-30 11393244 core:OfficeEquipment 2023-07-01 2024-06-30 11393244 countries:AllCountries 2023-07-01 2024-06-30 11393244 2023-06-30 11393244 bus:Director1 1 2023-06-30 11393244 bus:Director2 1 2023-06-30 11393244 core:FurnitureFittings 2023-06-30 11393244 2022-07-01 2023-06-30 11393244 2023-06-30 11393244 bus:Director1 1 2023-06-30 11393244 bus:Director2 1 2023-06-30 11393244 core:CurrentFinancialInstruments 2023-06-30 11393244 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11393244 core:Non-currentFinancialInstruments 2023-06-30 11393244 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 11393244 bus:Director1 1 2022-07-01 2023-06-30 11393244 bus:Director2 1 2022-07-01 2023-06-30 11393244 bus:Director1 1 2022-06-30 11393244 bus:Director2 1 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 11393244

Dryden Mackey Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Dryden Mackey Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Dryden Mackey Ltd

Company Information

Directors

Ms NA Dryden

Ms EP Mackey

Registered office

Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

Accountants

Boon and Worth Limited
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

 

Dryden Mackey Ltd

(Registration number: 11393244)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

257

-

Investment property

5

636,250

636,250

 

636,507

636,250

Current assets

 

Debtors

6

19,424

14,812

Cash at bank and in hand

 

5,661

10,948

 

25,085

25,760

Creditors: Amounts falling due within one year

7

(192,501)

(207,587)

Net current liabilities

 

(167,416)

(181,827)

Total assets less current liabilities

 

469,091

454,423

Creditors: Amounts falling due after more than one year

7

(490,377)

(490,377)

Provisions for liabilities

-

4,089

Net liabilities

 

(21,286)

(31,865)

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

(21,288)

(31,867)

Shareholders' deficit

 

(21,286)

(31,865)

 

Dryden Mackey Ltd

(Registration number: 11393244)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

Approved and authorised by the Board on 24 January 2025 and signed on its behalf by:
 

.........................................
Ms NA Dryden
Director

.........................................
Ms EP Mackey
Director

 

Dryden Mackey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in Englamd & Wales.

The address of its registered office is:
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS
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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

 

Dryden Mackey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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

Furniture and fittings

25% Straight Line Method

Office Equipment

25% Straight Line Method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

 

Dryden Mackey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 July 2023

4,387

4,387

Additions

295

295

At 30 June 2024

4,682

4,682

Depreciation

At 1 July 2023

4,388

4,388

Charge for the year

37

37

At 30 June 2024

4,425

4,425

Carrying amount

At 30 June 2024

257

257

 

Dryden Mackey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Investment properties

2024
£

At 1 July

636,250

At 30 June

636,250

6

Debtors

Current

2024
£

2023
£

Trade debtors

55

55

Prepayments

2,333

1,810

Other debtors

17,036

12,947

 

19,424

14,812

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

396

-

Taxation and social security

2,464

2,410

Accruals and deferred income

6,501

6,543

Other creditors

183,140

198,634

192,501

207,587

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

490,377

490,377

 

Dryden Mackey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

490,377

490,377

10

Related party transactions

Transactions with directors

2024

At 1 July 2023
£

Advances to director
£

At 30 June 2024
£

Ms EP Mackey

(91,999)

6,900

(85,099)

Ms NA Dryden

(71,023)

6,100

(64,923)

2023

At 1 July 2022
£

Advances to director
£

Repayments by director
£

At 30 June 2023
£

Ms EP Mackey

(98,499)

6,500

-

(91,999)

Ms NA Dryden

(74,420)

3,528

(132)

(71,023)