McArthur Black Limited 09458394 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Letting of furnished and unfurnished holiday letting, along with long term letting Digita Accounts Production Advanced 6.30.9574.0 true true 09458394 2024-04-01 2025-03-31 09458394 2025-03-31 09458394 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09458394 core:Non-currentFinancialInstruments 2025-03-31 09458394 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 09458394 core:FurnitureFittings 2025-03-31 09458394 core:MotorVehicles 2025-03-31 09458394 core:OfficeEquipment 2025-03-31 09458394 bus:SmallEntities 2024-04-01 2025-03-31 09458394 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09458394 bus:FilletedAccounts 2024-04-01 2025-03-31 09458394 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09458394 bus:RegisteredOffice 2024-04-01 2025-03-31 09458394 bus:Director1 2024-04-01 2025-03-31 09458394 bus:Director2 2024-04-01 2025-03-31 09458394 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09458394 core:FurnitureFittings 2024-04-01 2025-03-31 09458394 core:MotorVehicles 2024-04-01 2025-03-31 09458394 core:OfficeEquipment 2024-04-01 2025-03-31 09458394 core:Vehicles 2024-04-01 2025-03-31 09458394 core:UKTax 2024-04-01 2025-03-31 09458394 countries:AllCountries 2024-04-01 2025-03-31 09458394 2024-03-31 09458394 core:FurnitureFittings 2024-03-31 09458394 core:MotorVehicles 2024-03-31 09458394 core:OfficeEquipment 2024-03-31 09458394 2023-04-01 2024-03-31 09458394 2024-03-31 09458394 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09458394 core:Non-currentFinancialInstruments 2024-03-31 09458394 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09458394 core:FurnitureFittings 2024-03-31 09458394 core:MotorVehicles 2024-03-31 09458394 core:OfficeEquipment 2024-03-31 09458394 core:UKTax 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 09458394

McArthur Black Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

McArthur Black Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

McArthur Black Limited

Company Information

Directors

Mr James Edward Fitzmaurice

Mrs Jacqueline Gwyneth Fitzmaurice

Registered office

13 Normandy lane
East Preston
Littlehampton
West Sussex
BN161LZ

Accountants

DF Accountants Limited
23 Hansom Way,
Pease Pottage
Crawley
West Sussex
RH119GQ

 

McArthur Black Limited

(Registration number: 09458394)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

48,156

3,690

Investment property

6

1,925,830

1,919,492

 

1,973,986

1,923,182

Current assets

 

Cash at bank and in hand

 

19,885

48,488

Creditors: Amounts falling due within one year

7

(742,771)

(734,350)

Net current liabilities

 

(722,886)

(685,862)

Total assets less current liabilities

 

1,251,100

1,237,320

Creditors: Amounts falling due after more than one year

7

-

(294,604)

Provisions for liabilities

(42,167)

-

Net assets

 

1,208,933

942,716

Capital and reserves

 

Called up share capital

8

4

4

Share premium reserve

799,998

799,998

Retained earnings

408,931

142,714

Shareholders' funds

 

1,208,933

942,716

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 July 2025 and signed on its behalf by:
 

 

McArthur Black Limited

(Registration number: 09458394)
Balance Sheet as at 31 March 2025

.........................................
Mr James Edward Fitzmaurice
Director

 

McArthur Black Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in United kingdom.

The address of its registered office is:
13 Normandy lane
East Preston
Littlehampton
West Sussex
BN161LZ
England

These financial statements were authorised for issue by the Board on 24 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

McArthur Black Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

Reducing balance 25%

Fixtures and Fittings

Reducing balance 15%

Motor Vehicles

Straight-Line Depreciation 25%

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

McArthur Black Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Taxation

Tax charged/(credited) in the profit and loss account

2025
£

2024
£

Current taxation

UK corporation tax

19,057

10,949

Deferred taxation

Arising from origination and reversal of timing differences

42,167

-

Tax expense in the income statement

61,224

10,949

Deferred tax

 

McArthur Black Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

2,687

10,779

-

13,466

Additions

-

-

46,290

46,290

At 31 March 2025

2,687

10,779

46,290

59,756

Depreciation

At 1 April 2024

2,065

7,711

-

9,776

Charge for the year

93

767

964

1,824

At 31 March 2025

2,158

8,478

964

11,600

Carrying amount

At 31 March 2025

529

2,301

45,326

48,156

At 31 March 2024

622

3,068

-

3,690

6

Investment properties

2025
£

At 1 April

1,919,492

Disposals

(178,943)

Fair value adjustments

185,281

At 31 March

1,925,830

There has been no valuation of investment property by an independent valuer.

 

McArthur Black Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

19,057

10,949

Other creditors

723,714

723,401

742,771

734,350

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

-

294,604

8

Share capital

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

-

294,604