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REGISTERED NUMBER: 02961489 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

MACCOMBE LIMITED

MACCOMBE LIMITED (REGISTERED NUMBER: 02961489)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACCOMBE LIMITED

Company Information
for the year ended 30 September 2024







Directors: E S R Guinness
L Guinness





Registered office: Third Floor
20 Old Bailey
London
EC4M 7AN





Registered number: 02961489 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

MACCOMBE LIMITED (REGISTERED NUMBER: 02961489)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
Called up share capital not paid 2 2

Fixed assets
Investments 4 1,813,322 1,618,643
1,813,324 1,618,645

Current assets
Debtors 5 1,005 909
Cash at bank 30,463 63,941
31,468 64,850
Creditors
Amounts falling due within one year 6 3,661 3,001
Net current assets 27,807 61,849
Total assets less current liabilities 1,841,131 1,680,494

Provisions for liabilities 63,018 22,355
Net assets 1,778,113 1,658,139

Capital and reserves
Called up share capital 100,002 100,002
Share premium 600,050 600,050
Fair value reserve 7 338,079 158,323
Retained earnings 739,982 799,764
Shareholders' funds 1,778,113 1,658,139

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

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

MACCOMBE LIMITED (REGISTERED NUMBER: 02961489)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:





E S R Guinness - Director


MACCOMBE LIMITED (REGISTERED NUMBER: 02961489)

Notes to the Financial Statements
for the year ended 30 September 2024


1. Statutory information

Maccombe 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern
The directors have made an assessment of the company's ability to continue as a going concern and have identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

Investments
Fixed asset investments are stated at market value. Increases and decreases in the value of fixed asset investments are taken to the profit and loss account.

3. Employees and directors

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

MACCOMBE LIMITED (REGISTERED NUMBER: 02961489)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


4. Fixed asset investments
Other
investments
£
Cost or valuation
At 1 October 2023 1,618,643
Additions 283,457
Disposals (305,648 )
Revaluations 216,870
At 30 September 2024 1,813,322
Net book value
At 30 September 2024 1,813,322
At 30 September 2023 1,618,643

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£
Valuation in 2015 19,414
Valuation in 2016 101,842
Valuation in 2017 56,330
Valuation in 2018 18,632
Valuation in 2019 (30,364 )
Valuation in 2020 (96,751 )
Valuation in 2021 195,809
Valuation in 2022 (149,044 )
Valuation in 2023 73,541
Valuation in 2024 1,623,913
1,813,322

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£ £
Cost 1,534,337 1,534,337

Fixed asset investments were valued on an open market basis on 30 September 2023 by Schroder & Co. Limited .

5. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 1,005 909

MACCOMBE LIMITED (REGISTERED NUMBER: 02961489)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


6. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 3,661 3,001

7. Reserves
Fair value
reserve
£
At 1 October 2023 158,323
Revaluation during the year 179,756

At 30 September 2024 338,079

8. Ultimate controlling party

The controlling party is E S R Guinness.