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COMPANY REGISTRATION NUMBER: 13696581
Macob Commercial Limited
Filleted Unaudited Financial Statements
For the year ended
30 June 2024
Macob Commercial Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Officers and professional advisers
1
Accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
Macob Commercial Limited
Officers and Professional Advisers
The board of directors
Mr I A I Edwards
Mrs C S Brooks
Mr R J Roberts
Mrs L Roberts
Registered office
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
Accountants
Clay Shaw Thomas Ltd
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
Macob Commercial Limited
Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements
Year ended 30 June 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 June 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Clay Shaw Thomas Ltd
2 Oldfield Road Bocam Park Bridgend CF35 5LJ
27 March 2025
Macob Commercial Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
7,035,010
7,035,010
Current assets
Cash at bank and in hand
148
160
Creditors: amounts falling due within one year
5
2,826,898
4,035,087
------------
------------
Net current liabilities
2,826,750
4,034,927
------------
------------
Total assets less current liabilities
4,208,260
3,000,083
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
4,208,160
2,999,983
------------
------------
Shareholders funds
4,208,260
3,000,083
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 March 2025 , and are signed on behalf of the board by:
Mr I A I Edwards
Mr R J Roberts
Director
Director
Company registration number: 13696581
Macob Commercial Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Oldfield Road, Bocam Park, CF35 5LJ, Bridgend.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group
£
Cost
At 1 July 2023 and 30 June 2024
7,035,010
------------
Impairment
At 1 July 2023 and 30 June 2024
------------
Carrying amount
At 30 June 2024
7,035,010
------------
At 30 June 2023
7,035,010
------------
The cost of investment represents the purchase of 100% of the ordinary share capital of Valeleigh Limited.
5. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group
2,540
1,004
Other creditors
2,824,358
4,034,083
------------
------------
2,826,898
4,035,087
------------
------------
6. Related party transactions
During the year the company repaid loans owed to the following directors:
Mr R J Roberts Mrs L Roberts Mr I A I Edwards Mrs C S Brooks
£ £ £ £
Loan to company at 30 June 2023 2,267,274 391,218 703,995 671,595
Repaid during the period (725,839) (120,971) (181,457) (181,457)
------------ --------- --------- ---------
Company liability at 30 June 2024 1,541,435 270,247 522,538 490,138
------------ --------- --------- ---------
The loans are repayable on demand and have no interest charged. The company has taken exemption from disclosing related party transactions with wholly owned companies within a group.