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REGISTERED NUMBER: 11373127 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Mcm Real Estate Ltd

Mcm Real Estate Ltd (Registered number: 11373127)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Mcm Real Estate Ltd (Registered number: 11373127)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,500,000 3,625,000

CURRENT ASSETS
Debtors 5 642,322 618,222
Cash at bank and in hand 20,744 31,901
663,066 650,123
CREDITORS
Amounts falling due within one year 6 402,116 375,468
NET CURRENT ASSETS 260,950 274,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,760,950

3,899,655

CREDITORS
Amounts falling due after more than
one year

7

(1,212,243

)

(1,245,310

)

PROVISIONS FOR LIABILITIES (2,462 ) (26,212 )
NET ASSETS 2,546,245 2,628,133

CAPITAL AND RESERVES
Called up share capital 9 2,516,100 2,516,100
Fair value reserve 10 10,495 111,745
Retained earnings 19,650 288
SHAREHOLDERS' FUNDS 2,546,245 2,628,133

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Mcm Real Estate Ltd (Registered number: 11373127)

Statement of Financial Position - continued
31 May 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 26 June 2025 and were signed on its behalf by:




Mr Christopher James Mole - Director



Mrs Monique Angenieta Van Wezel-Mole - Director


Mcm Real Estate Ltd (Registered number: 11373127)

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

1. STATUTORY INFORMATION

Mcm Real Estate Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11373127

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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.

Turnover
Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Mcm Real Estate Ltd (Registered number: 11373127)

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

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 June 2023 3,625,000
Revaluations (125,000 )
At 31 May 2024 3,500,000
NET BOOK VALUE
At 31 May 2024 3,500,000
At 31 May 2023 3,625,000

Investment property situated at 21 Princes Court, Princes Road, Weybridge KT13 9BZ is under a charge from Handelsbanken PLC. The charge was created on 11th December 2018.

Investment property situated at 15 Princes Court, Princes Road, Weybridge KT13 9BZ is under a charge from Handelsbanken PLC. The charge was created on 31st March 2021.

Investment properties situated at following investment propertie are under a charge from Handelsbanken PLC. The charge was created on 04th April 2022.
a) 22 Princes Court, Princes Road, Weybridge KT13 9BZ
b) 20 Princes Court, Princes Road, Weybridge KT13 9BZ
c) 16 Princes Court, Princes Road, Weybridge KT13 9BZ
d) 11 Princes Court, Princes Road, Weybridge KT13 9BZ
e) 5 Princes Court, Princes Road, Weybridge KT13 9BZ

Cost or valuation at 31 May 2024 is represented by:
£   
Valuation in 2023 137,956
Valuation in 2024 (125,000 )
Cost 3,487,044
3,500,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
as restated
£    £   
Amounts owed by participating interests 639,800 615,700
Other debtors 2,522 2,522
642,322 618,222

Mcm Real Estate Ltd (Registered number: 11373127)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
as restated
£    £   
Trade creditors 35,774 -
Taxation and social security 5,348 68
Other creditors 360,994 375,400
402,116 375,468

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
as restated
£    £   
Bank loans 1,212,243 1,245,310

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
as restated
£    £   
Bank loans 1,212,243 1,245,310

The loan amounting to £118,600 is secured by the way of charge on the property situated at 21 Princes Court, Princes Road, Weybridge KT13 9BZ (disclosed as investment property). The charge was created in the name of Handelsbanken PLC on 11th December 2018.

The loan amounting to £161,895 is secured by the way of charge on the property situated at 15 Princes Court, Princes Road, Weybridge KT13 9BZ (disclosed as investment property). The charge was created in the name of Handelsbanken PLC on 31st March 2021.

The loan amounting to £931,748 is secured by the way of charge on the following properties (disclosed as investment properties):
a) 22 Princes Court, Princes Road, Weybridge KT13 9BZ
b) 20 Princes Court, Princes Road, Weybridge KT13 9BZ
c) 16 Princes Court, Princes Road, Weybridge KT13 9BZ
d) 11 Princes Court, Princes Road, Weybridge KT13 9BZ
e) 5 Princes Court, Princes Road, Weybridge KT13 9BZ
The charge was created in the name of Handelsbanken PLC on 04th April 2022.

Mcm Real Estate Ltd (Registered number: 11373127)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: as
restated
£    £   
2,516,100 Ordinary £1 2,516,100 2,516,100

10. RESERVES
Fair
value
reserve
£   
At 1 June 2023 111,745
Transfer to/from reserves (101,250 )

At 31 May 2024 10,495

11. RELATED PARTY DISCLOSURES

The company owes £359,729 (2023: £372,425) to its directors as at balance sheet date.

The company was owed £23,800 (2023: owes £300) as at accounting year end date from MCM Real Estate Ventures Ltd, a company registered in United Kingdom . Mr Christopher James Mole and Mrs Monique Angenieta Van Wezel-Mole are also directors of this company.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is MCM Holdings B.V..