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Registered number: NI001789
McKee & Birnie, Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
RWCA LTD
19 Magheralave Park North
Lisburn
Co Antrim
BT28 3NL
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: NI001789
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 109,317 115,193
Investment Properties 5 66,259 66,259
175,576 181,452
CURRENT ASSETS
Stocks 6 9,756 9,756
Debtors 7 39,240 42,354
Cash at bank and in hand 15,198 50,401
64,194 102,511
Creditors: Amounts Falling Due Within One Year 8 (44,738 ) (93,507 )
NET CURRENT ASSETS (LIABILITIES) 19,456 9,004
TOTAL ASSETS LESS CURRENT LIABILITIES 195,032 190,456
NET ASSETS 195,032 190,456
CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Revaluation reserve 11 186,713 186,713
Profit and Loss Account 3,319 (1,257 )
SHAREHOLDERS' FUNDS 195,032 190,456
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Noel McKee
Director
21/07/2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
McKee & Birnie, Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI001789 . The registered office is 158 Upper Newtownards Road, Belfast, BT4 3EQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Straight line over 50 years
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2024 207,701 15,829 14,679 238,209
As at 31 January 2025 207,701 15,829 14,679 238,209
Depreciation
As at 1 February 2024 99,540 9,151 14,325 123,016
Provided during the period 4,154 1,669 53 5,876
As at 31 January 2025 103,694 10,820 14,378 128,892
Net Book Value
As at 31 January 2025 104,007 5,009 301 109,317
As at 1 February 2024 108,161 6,678 354 115,193
5. Investment Property
2025
£
Fair Value
As at 1 February 2024 and 31 January 2025 66,259
6. Stocks
2025 2024
£ £
Finished goods 9,756 9,756
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 9,761 42,354
Director's loan account 29,479 -
39,240 42,354
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 10,421 29,482
Bank loans and overdrafts 28,291 51,242
Corporation tax 2,443 1,134
Other taxes and social security 238 250
VAT 1,845 9,899
Accruals and deferred income 1,500 1,500
44,738 93,507
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 5,000 5,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Noel McKee - 29,479 - - 29,479
The above loan is unsecured, interest free and will be repaid before 31 October 2025
11. Reserves
Revaluation Reserve
£
As at 1 February 2024 186,713
As at 31 January 2025 186,713
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