Registered number
12048987
Mcr Estates NW Limited
Filleted Accounts
30 June 2024
Mcr Estates NW Limited
Registered number: 12048987
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,598 1,737
Current assets
Debtors 4 27,817 30,481
Cash at bank and in hand 3,105 10,476
30,922 40,957
Creditors: amounts falling due within one year 5 (18,562) (32,911)
Net current assets 12,360 8,046
Net assets 13,958 9,783
Capital and reserves
Called up share capital 1 1
Profit and loss account 13,957 9,782
Shareholders' funds 13,958 9,783
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Rafaqat Bibi
Director
Approved by the board on 13 June 2025
Mcr Estates NW Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 8% Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 4
3 Tangible fixed assets
Fixture & Fittings
£
Cost
At 1 July 2023 2,645
At 30 June 2024 2,645
Depreciation
At 1 July 2023 908
Charge for the year 139
At 30 June 2024 1,047
Net book value
At 30 June 2024 1,598
At 30 June 2023 1,737
4 Debtors 2024 2023
£ £
Trade debtors 16,441 -
Other debtors 11,376 30,481
27,817 30,481
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 13,335 1,610
Taxation and social security costs 8,420 2,539
Other creditors (3,193) 28,762
18,562 32,911
6 Controlling party
Mrs Rafaqat Bibi has a controlling interest in the company by the virtue of her 100% each holding of the ordinary shares of the company.
7 Other information
Mcr Estates NW Limited is a private company limited by shares and incorporated in England. Its registered office is:
787 Stockport Road
Levenshulme
Manchester
M19 3DL
Mcr Estates NW Limited 12048987 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2025 Mrs Rafaqat Bibi No description of principal activity 12048987 2022-07-01 2023-06-30 12048987 core:WithinOneYear 2023-06-30 12048987 core:ShareCapital 2023-06-30 12048987 core:RetainedEarningsAccumulatedLosses 2023-06-30 12048987 2023-07-01 2024-06-30 12048987 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12048987 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12048987 bus:Director40 2023-07-01 2024-06-30 12048987 1 2023-07-01 2024-06-30 12048987 2 2023-07-01 2024-06-30 12048987 core:PlantMachinery 2023-07-01 2024-06-30 12048987 countries:England 2023-07-01 2024-06-30 12048987 bus:FRS102 2023-07-01 2024-06-30 12048987 bus:FilletedAccounts 2023-07-01 2024-06-30 12048987 2024-06-30 12048987 core:WithinOneYear 2024-06-30 12048987 core:ShareCapital 2024-06-30 12048987 core:RetainedEarningsAccumulatedLosses 2024-06-30 12048987 core:PlantMachinery 2024-06-30 12048987 2023-06-30 12048987 core:PlantMachinery 2023-06-30 iso4217:GBP xbrli:pure