Caseware UK (AP4) 2024.0.164 2024.0.164 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseLettings and holding investment properties11truetruefalse 05688799 2023-07-01 2024-06-30 05688799 2022-07-01 2023-06-30 05688799 2024-06-30 05688799 2023-06-30 05688799 c:Director1 2023-07-01 2024-06-30 05688799 d:FurnitureFittings 2023-07-01 2024-06-30 05688799 d:OtherPropertyPlantEquipment 2024-06-30 05688799 d:OtherPropertyPlantEquipment 2023-06-30 05688799 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05688799 d:CurrentFinancialInstruments 2024-06-30 05688799 d:CurrentFinancialInstruments 2023-06-30 05688799 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05688799 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05688799 d:ShareCapital 2024-06-30 05688799 d:ShareCapital 2023-06-30 05688799 d:RevaluationReserve 2024-06-30 05688799 d:RevaluationReserve 2023-06-30 05688799 d:RetainedEarningsAccumulatedLosses 2024-06-30 05688799 d:RetainedEarningsAccumulatedLosses 2023-06-30 05688799 c:OrdinaryShareClass1 2023-07-01 2024-06-30 05688799 c:OrdinaryShareClass1 2024-06-30 05688799 c:OrdinaryShareClass1 2023-06-30 05688799 c:FRS102 2023-07-01 2024-06-30 05688799 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05688799 c:FullAccounts 2023-07-01 2024-06-30 05688799 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05688799 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05688799









M C LIDDY (PROPERTIES) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 30 June 2024

 
M C LIDDY (PROPERTIES) LIMITED
Registered number: 05688799

BALANCE SHEET
As at 30 June 2024

2024
2023
                                                                       Note
£
£

Fixed assets
  

Tangible assets
 4 
314
814

Investments
  
817,400
1,072,879

  
817,714
1,073,693

Current assets
  

Debtors: amounts falling due within one year
 5 
2,979
-

Cash at bank and in hand
 6 
367,143
107,460

  
370,122
107,460

Creditors: amounts falling due within one year
 7 
(55,502)
(56,326)

Net current assets
  
 
 
314,620
 
 
51,134

Total assets less current liabilities
  
1,132,334
1,124,827

  

Net assets
  
1,132,334
1,124,827


Capital and reserves
  

Called up share capital 
 8 
10,000
10,000

Revaluation reserve
  
1,451,049
1,451,049

Profit and loss account
  
(328,715)
(336,222)

  
1,132,334
1,124,827


The director considers 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 director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 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 25 March 2025.

Page 1

 
M C LIDDY (PROPERTIES) LIMITED
Registered number: 05688799
    
BALANCE SHEET (CONTINUED)
As at 30 June 2024



Mrs M C Liddy
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
M C LIDDY (PROPERTIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024

1.


General information

MC Liddy (Properties) Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is 49 The Dale, Keston, Bromley, Kent, BR2 6HW.
The principal activity of the Company during the year has been that of lettings and holding investment properties.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
M C LIDDY (PROPERTIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue comprises income recognised by the company in respect of rental income received during the year, exclusive of Value Added Tax and trade discounts.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & Fittings
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
M C LIDDY (PROPERTIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.6

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 profit or loss.

These properties were valued by professional valuers in March and April 2005 at open market value by the following various external valuers: McConnells Chartered Surveyors (RICS), Edmund Estate Agents (National Association of Estate Agents and The Guild of Professional Estate Agents), Parkland Estates, William Wesson Estate Agents and Bidwells Estate Agents, Surveyors and Valuers. The directors are currently receiving valuations on all properties which in the directors opinion are materially unchanged.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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 directors, during the year was 1 (2023 - 1).

Page 5

 
M C LIDDY (PROPERTIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024

4.


Tangible fixed assets





Fixed assets

£



Cost or valuation


At 1 July 2023
6,421



At 30 June 2024

6,421



Depreciation


At 1 July 2023
5,607


Charge for the year 
500



At 30 June 2024

6,107



Net book value



At 30 June 2024
314



At 30 June 2023
814

Page 6

 
M C LIDDY (PROPERTIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,979
-

2,979
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
367,143
107,460



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
33,765
36,191

Other creditors
11,927
9,292

Accruals
9,810
10,843

55,502
56,326



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary Shares shares of £1.00 each
10,000
10,000



9.


Related party transactions

The director has an interest in dividends paid during the year of £24,000 (2023: £25,000).
Included within other creditors due within one year is an amount owed to the director amounting to £11,927 (2023: £9,292).

 
Page 7