IRIS Accounts Production v25.1.3.33 04165671 Board of Directors 1.12.23 30.11.24 30.11.24 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041656712023-11-30041656712024-11-30041656712023-12-012024-11-30041656712022-11-30041656712022-12-012023-11-30041656712023-11-3004165671ns15:EnglandWales2023-12-012024-11-3004165671ns14:PoundSterling2023-12-012024-11-3004165671ns10:Director12023-12-012024-11-3004165671ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3004165671ns10:SmallEntities2023-12-012024-11-3004165671ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3004165671ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3004165671ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3004165671ns10:AbridgedAccounts2023-12-012024-11-3004165671ns10:Director22023-12-012024-11-3004165671ns10:CompanySecretary12023-12-012024-11-3004165671ns10:RegisteredOffice2023-12-012024-11-3004165671ns5:CurrentFinancialInstruments2024-11-3004165671ns5:CurrentFinancialInstruments2023-11-3004165671ns5:ShareCapital2024-11-3004165671ns5:ShareCapital2023-11-3004165671ns5:SharePremium2024-11-3004165671ns5:SharePremium2023-11-3004165671ns5:RetainedEarningsAccumulatedLosses2024-11-3004165671ns5:RetainedEarningsAccumulatedLosses2023-11-3004165671ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-12-012024-11-3004165671ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-11-3004165671ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-11-30041656711ns10:Director12023-11-30041656711ns10:Director12022-11-30041656711ns10:Director12023-12-012024-11-30041656711ns10:Director12022-12-012023-11-30041656711ns10:Director12024-11-30041656711ns10:Director12023-11-3004165671ns10:Director222023-11-3004165671ns10:Director222022-11-3004165671ns10:Director222023-12-012024-11-3004165671ns10:Director222022-12-012023-11-3004165671ns10:Director222024-11-3004165671ns10:Director222023-11-30
REGISTERED NUMBER: 04165671 (England and Wales)












MCCREEDY INNS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






MCCREEDY INNS LIMITED (REGISTERED NUMBER: 04165671)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MCCREEDY INNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: D J McCreedy
T D McCreedy





SECRETARY: T D McCreedy





REGISTERED OFFICE: 26 Clifton Street
Lytham
Lancashire
FY8 5EW





REGISTERED NUMBER: 04165671 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP

MCCREEDY INNS LIMITED (REGISTERED NUMBER: 04165671)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 892,524 1,056,217
Investments 5 660,217 660,217
Investment property 6 2,057,499 2,034,927
3,610,240 3,751,361

CURRENT ASSETS
Debtors 7 177,756 53,359
Cash at bank 1,733,684 1,110,779
1,911,440 1,164,138
CREDITORS
Amounts falling due within one year 729,681 310,747
NET CURRENT ASSETS 1,181,759 853,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,791,999

4,604,752

CAPITAL AND RESERVES
Called up share capital 384 384
Share premium 660,000 660,000
Retained earnings 4,131,615 3,944,368
SHAREHOLDERS' FUNDS 4,791,999 4,604,752

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

MCCREEDY INNS LIMITED (REGISTERED NUMBER: 04165671)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:





D J McCreedy - Director


MCCREEDY INNS LIMITED (REGISTERED NUMBER: 04165671)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

McCreedy Inns 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.

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.

The financial statements are presented in sterling , which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Preparation of consolidated financial statements
The financial statements contain information about McCreedy Inns Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Fixed asset investments
Fixed asset investments are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MCCREEDY INNS LIMITED (REGISTERED NUMBER: 04165671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 1,422,394
Disposals (125,000 )
Reclassification/transfer (61,696 )
At 30 November 2024 1,235,698
DEPRECIATION
At 1 December 2023 366,177
Charge for year 26,797
Eliminated on disposal (36,833 )
Charge written back (12,967 )
At 30 November 2024 343,174
NET BOOK VALUE
At 30 November 2024 892,524
At 30 November 2023 1,056,217

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 December 2023
and 30 November 2024 660,217
NET BOOK VALUE
At 30 November 2024 660,217
At 30 November 2023 660,217

MCCREEDY INNS LIMITED (REGISTERED NUMBER: 04165671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 2,034,927
Revaluations (26,157 )
Reclassification/transfer 48,729
At 30 November 2024 2,057,499
NET BOOK VALUE
At 30 November 2024 2,057,499
At 30 November 2023 2,034,927

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2024 (39,124 )
Cost 2,096,623
2,057,499

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other debtors 110,662 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
D J McCreedy
Balance outstanding at start of year (141 ) (41,998 )
Amounts advanced 58,302 76,857
Amounts repaid (41,750 ) (35,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,411 (141 )

MCCREEDY INNS LIMITED (REGISTERED NUMBER: 04165671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

T D McCreedy
Balance outstanding at start of year (925 ) (9,969 )
Amounts advanced 43,680 44,044
Amounts repaid (41,750 ) (35,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,005 (925 )

Advances to directors are interest free and repayable on demand.