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REGISTERED NUMBER: NI048365 (Northern Ireland)














Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Mcguinness Fleck Ltd

Mcguinness Fleck Ltd (Registered number: NI048365)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


Mcguinness Fleck Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: S McGuinness





REGISTERED OFFICE: 7 Pattons Lane
Holywood
Co. Down
BT18 9FX





REGISTERED NUMBER: NI048365 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

Mcguinness Fleck Ltd (Registered number: NI048365)

Report of the Director
for the Year Ended 31 October 2024


The director presents his report with the financial statements of the company for the year ended 31 October 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property management and provision of property search services.

DIRECTOR
S McGuinness held office during the whole of the period from 1 November 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S McGuinness - Director


17 July 2025

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Mcguinness Fleck Ltd




In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's director that we have done so, and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's director, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 October 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH


17 July 2025

Mcguinness Fleck Ltd (Registered number: NI048365)

Income Statement
for the Year Ended 31 October 2024

31/10/24 31/10/23
Notes £    £   

TURNOVER 498,313 565,693

Cost of sales (12,302 ) (17,994 )
GROSS PROFIT 486,011 547,699

Administrative expenses (316,692 ) (335,403 )
OPERATING PROFIT 4 169,319 212,296

Interest receivable and similar income 320 227
PROFIT BEFORE TAXATION 169,639 212,523

Tax on profit (44,396 ) (49,743 )
PROFIT FOR THE FINANCIAL YEAR 125,243 162,780

Mcguinness Fleck Ltd (Registered number: NI048365)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 38,519 42,291

CURRENT ASSETS
Debtors 6 226,098 228,522
Cash at bank and in hand 46,472 32,667
272,570 261,189
CREDITORS
Amounts falling due within one year 7 148,470 150,104
NET CURRENT ASSETS 124,100 111,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,619

153,376

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 162,617 153,374
SHAREHOLDERS' FUNDS 162,619 153,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 17 July 2025 and were signed by:





S McGuinness - Director


Mcguinness Fleck Ltd (Registered number: NI048365)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Mcguinness Fleck Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 13 ) .

Mcguinness Fleck Ltd (Registered number: NI048365)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


4. OPERATING PROFIT

The operating profit is stated after charging:

31/10/24 31/10/23
£    £   
Depreciation - owned assets 3,772 3,770
Fines and penalties 2,535 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 November 2023
and 31 October 2024 22,910 19,667 51,095 89,305 182,977
DEPRECIATION
At 1 November 2023 2,749 1,442 50,291 86,204 140,686
Charge for year 917 787 402 1,666 3,772
At 31 October 2024 3,666 2,229 50,693 87,870 144,458
NET BOOK VALUE
At 31 October 2024 19,244 17,438 402 1,435 38,519
At 31 October 2023 20,161 18,225 804 3,101 42,291

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 131,439 154,774
Amounts owed by group undertakings 64,271 54,931
Other debtors 30,388 18,817
226,098 228,522

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade creditors 978 981
Amounts owed to group undertakings 69,161 39,161
Taxation and social security 76,597 108,339
Other creditors 1,734 1,623
148,470 150,104

8. ULTIMATE CONTROLLING PARTY

The controlling party is Eight7 Holdings Ltd.