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REGISTERED NUMBER: 07284408 (England and Wales)















MC 483 LIMITED

Unaudited Financial Statements

for the Year Ended 30 June 2024






MC 483 LIMITED (REGISTERED NUMBER: 07284408)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MC 483 LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: W G Oram
P Postle





SECRETARY: P G Hannah





REGISTERED OFFICE: c/o Resource Limited
The Maltings
East Tyndall Street
CARDIFF
County of Cardiff
CF24 5EA





REGISTERED NUMBER: 07284408 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

MC 483 LIMITED (REGISTERED NUMBER: 07284408)

Balance Sheet
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 515,245 517,880
Investment property 5 1,250,000 1,250,000
1,765,245 1,767,880

CURRENT ASSETS
Debtors 6 30,361 30,361
Cash at bank 350 11
30,711 30,372
CREDITORS
Amounts falling due within one year 7 (1,061,553 ) (1,060,698 )
NET CURRENT LIABILITIES (1,030,842 ) (1,030,326 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

734,403

737,554

CREDITORS
Amounts falling due after more than one
year

8

(385,091

)

(410,700

)

PROVISIONS FOR LIABILITIES (14,193 ) (14,193 )
NET ASSETS 335,119 312,661

CAPITAL AND RESERVES
Called up share capital 10 1 1
Non-distributable reserve 11 225,385 225,385
Retained earnings 11 109,733 87,275
SHAREHOLDERS' FUNDS 335,119 312,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MC 483 LIMITED (REGISTERED NUMBER: 07284408)

Balance Sheet - continued
30 JUNE 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





P Postle - Director


MC 483 LIMITED (REGISTERED NUMBER: 07284408)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

MC 483 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

There have been no material departures from Financial Reporting Standard 102.

Going concern
As at 30 June 2024 there were net current liabilities of £1,030,842. The directors consider the going concern basis adopted for these financial statements to be appropriate, based upon available continued support.

TURNOVER
Turnover represents rental income, exclusive of Value Added Tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost and 10% on cost

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

MC 483 LIMITED (REGISTERED NUMBER: 07284408)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2023 542,445
Additions 653
At 30 June 2024 543,098
DEPRECIATION
At 1 July 2023 24,565
Charge for year 3,288
At 30 June 2024 27,853
NET BOOK VALUE
At 30 June 2024 515,245
At 30 June 2023 517,880

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,250,000
NET BOOK VALUE
At 30 June 2024 1,250,000
At 30 June 2023 1,250,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 1,250,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,010,422 1,010,422

Investment property was valued on an open market basis on 17 April 2022 by appointed Registered Valuers .

In the opinion of the Directors, the fair value of the property is unchanged from the April 2022 formal valuation.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,281 25,281
Prepayments and accrued income 5,080 5,080
30,361 30,361

MC 483 LIMITED (REGISTERED NUMBER: 07284408)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,683 30,545
Trade creditors 5,000 5,000
Amounts owed to group undertakings 769,823 -
VAT 3,454 614
Other creditors - 19,100
Secured loan 37,500 792,820
Accruals and deferred income 216,093 212,619
1,061,553 1,060,698

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 385,091 410,700

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Secured loan 37,500 792,820
Bank loan 414,774 441,245
452,274 1,234,065

The above loans are secured by way of a fixed and floating charge over the assets of the company. The bank loan is additionally being guaranteed by The Maltings Limited.

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 July 2023 87,275 225,385 312,660
Profit for the year 22,458 22,458
At 30 June 2024 109,733 225,385 335,118

Deferred tax has been applied on the future taxable gain at 25%.

MC 483 LIMITED (REGISTERED NUMBER: 07284408)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


12. RELATED PARTY DISCLOSURES

At 30 June 2024 the following related party loan balance existed:

30.06.2430.06.23
£   £   
Other related parties
Creditors: Amounts falling due within one year (Group balance)769,823-
Creditors: Amounts falling due within one year (other creditors)-19,100
Creditors: Amounts falling due within one year (Secured loan)37,500792,820

No interest has been charged on the above loans.

During the year, an amount of £22,997 was credited to the Profit & Loss account in respect of a related party loan written off.

13. ULTIMATE PARENT COMPANY

The company is a 100% owned subsidiary of The Maltings (Investments) Limited, a company incorporated in Wales.