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Company Registration No. 13590025 (England and Wales)
McNair Estates Limited Unaudited accounts for the year ended 31 August 2024
McNair Estates Limited Unaudited accounts Contents
Page
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McNair Estates Limited Company Information for the year ended 31 August 2024
Director
Beverly McNair
Company Number
13590025 (England and Wales)
Registered Office
32 Brassington Road Stockport Cheshire SK4 3PN England
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McNair Estates Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
675,000 
653,618 
Current assets
Debtors
4,286 
558 
Cash at bank and in hand
5,131 
12,791 
9,417 
13,349 
Creditors: amounts falling due within one year
(7,597)
(4,803)
Net current assets
1,820 
8,546 
Total assets less current liabilities
676,820 
662,164 
Creditors: amounts falling due after more than one year
(659,631)
(649,814)
Provisions for liabilities
Deferred tax
(9,977)
(5,914)
Net assets
7,212 
6,436 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
7,211 
6,435 
Shareholders' funds
7,212 
6,436 
For the year ending 31 August 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 director acknowledges her 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 and authorised for issue on 30 May 2025 and were signed on its behalf by
Beverly McNair Director Company Registration No. 13590025
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McNair Estates Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
McNair Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 13590025. The registered office is 32 Brassington Road, Stockport, Cheshire, SK4 3PN, 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 September 2023
653,618 
Net gain from fair value adjustments
21,382 
At 31 August 2024
675,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
558 
Accrued income and prepayments
4,286 
- 
4,286 
558 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,993 
756 
Other creditors
3,604 
4,047 
7,597 
4,803 
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McNair Estates Limited Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
370,050 
362,180 
Loans from directors
289,581 
287,634 
659,631 
649,814 
At the reporting date, all the assets of the Company were subject to a registered fixed and floating charge that forms security for a mortgage. In June 2023, the Company secured a mortgage with a carrying amount of £370,050 for the acquisition of investment assets. The mortgage is repayable in 10 years with a variable rate of interest currently 5.99% per annum above UK base rate. During the period, the Director made net advances to the Company totaling £1,947 (2023: £287,634). These advances are interest free and is payable after more than one year. The amount due to the director as at the reporting date is £289,581 (2023: £287,634).
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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