Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31false122024-04-01falseNo description of principal activity9falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12983114 2024-04-01 2025-03-31 12983114 2025-03-31 12983114 2023-04-01 2024-03-31 12983114 2024-03-31 12983114 c:Director1 2024-04-01 2025-03-31 12983114 c:RegisteredOffice 2024-04-01 2025-03-31 12983114 c:Agent1 2024-04-01 2025-03-31 12983114 d:MotorVehicles 2024-04-01 2025-03-31 12983114 d:MotorVehicles 2025-03-31 12983114 d:MotorVehicles 2024-03-31 12983114 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12983114 d:FurnitureFittings 2024-04-01 2025-03-31 12983114 d:FurnitureFittings 2025-03-31 12983114 d:FurnitureFittings 2024-03-31 12983114 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12983114 d:OfficeEquipment 2024-04-01 2025-03-31 12983114 d:OfficeEquipment 2025-03-31 12983114 d:OfficeEquipment 2024-03-31 12983114 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12983114 d:ComputerEquipment 2024-04-01 2025-03-31 12983114 d:ComputerEquipment 2025-03-31 12983114 d:ComputerEquipment 2024-03-31 12983114 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12983114 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12983114 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 12983114 d:FreeholdInvestmentProperty 2025-03-31 12983114 d:FreeholdInvestmentProperty 2024-03-31 12983114 d:CurrentFinancialInstruments 2025-03-31 12983114 d:CurrentFinancialInstruments 2024-03-31 12983114 d:Non-currentFinancialInstruments 2025-03-31 12983114 d:Non-currentFinancialInstruments 2024-03-31 12983114 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 12983114 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12983114 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 12983114 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12983114 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 12983114 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 12983114 d:ShareCapital 2025-03-31 12983114 d:ShareCapital 2024-03-31 12983114 d:SharePremium 2025-03-31 12983114 d:SharePremium 2024-03-31 12983114 d:RetainedEarningsAccumulatedLosses 2025-03-31 12983114 d:RetainedEarningsAccumulatedLosses 2024-03-31 12983114 c:FRS102 2024-04-01 2025-03-31 12983114 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12983114 c:FullAccounts 2024-04-01 2025-03-31 12983114 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12983114 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Company registration number: 12983114







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


THE BECAUSE IT'S GOOD GROUP LTD (FORMALLY MCCARTHY PROPERTIES (READING) LIMITED)






































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THE BECAUSE IT'S GOOD GROUP LTD (FORMALLY MCCARTHY PROPERTIES (READING) LIMITED)
 


 
COMPANY INFORMATION


Director
R M McCarthy 




Registered number
12983114



Registered office
2 Communications Road
Greenham Business Park

Newbury

Berkshire

RG19 6AB




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG




Bankers
HSBC Bank Plc
60 Queen Victoria Street

London

EC4N4TR





 


THE BECAUSE IT'S GOOD GROUP LTD (FORMALLY MCCARTHY PROPERTIES (READING) LIMITED)
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


THE BECAUSE IT'S GOOD GROUP LTD (FORMALLY MCCARTHY PROPERTIES (READING) LIMITED)
REGISTERED NUMBER:12983114



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
108,129

Investment property
 5 
-
43,674,766

  
-
43,782,895

Current assets
  

Debtors: amounts falling due within one year
 6 
795,372
767,809

Current asset investments
 7 
21,615,726
-

Cash at bank and in hand
  
421,946
378,650

  
22,833,044
1,146,459

Creditors: amounts falling due within one year
 8 
(308,110)
(2,536,388)

Net current assets/(liabilities)
  
 
 
22,524,934
 
 
(1,389,929)

Total assets less current liabilities
  
22,524,934
42,392,966

Creditors: amounts falling due after more than one year
 9 
(1,846,718)
(9,011,294)

  

Net assets
  
20,678,216
33,381,672


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
31,637,776
31,637,776

Profit and loss account
  
(10,960,560)
1,742,896

  
20,678,216
33,381,672


Page 1

 


THE BECAUSE IT'S GOOD GROUP LTD (FORMALLY MCCARTHY PROPERTIES (READING) LIMITED)
REGISTERED NUMBER:12983114


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R M McCarthy
Director

Date: 6 August 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


THE BECAUSE IT'S GOOD GROUP LTD (FORMALLY MCCARTHY PROPERTIES (READING) LIMITED)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

McCarthy Properties (Reading) Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.
The company changed its name from "McCarthy Properties (Reading) Limited", to "The Because It's Good Group Ltd" on 16th July 2025.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises rents receivable in connection with the company's freehold investment property.

 
2.3

Current and deferred taxation

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

The current 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 3

 


THE BECAUSE IT'S GOOD GROUP LTD (FORMALLY MCCARTHY PROPERTIES (READING) LIMITED)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis per annum:

Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Straight line
Office equipment
-
25%
Straight line
Computer equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2024 - 12).

Page 4

 


THE BECAUSE IT'S GOOD GROUP LTD (FORMALLY MCCARTHY PROPERTIES (READING) LIMITED)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost


At 1 April 2024
95,134
192,915
1,029
13,887
302,965


Additions
-
26,982
138
-
27,120


Disposals
(95,134)
(219,897)
(1,167)
(13,887)
(330,085)



At 31 March 2025

-
-
-
-
-





At 1 April 2024
51,259
134,980
728
7,869
194,836


Charge for the year on owned assets
8,158
36,172
194
2,083
46,607


Disposals
(59,417)
(171,152)
(922)
(9,952)
(241,443)



At 31 March 2025

-
-
-
-
-



Net book value



At 31 March 2025
-
-
-
-
-



At 31 March 2024
43,875
57,935
301
6,018
108,129


5.


Investment property


Freehold investment property

£





At 1 April 2024
43,674,766


Disposals
(43,674,766)



At 31 March 2025
-

The 2025 valuations were made by the director, on an open market value for existing use basis.





Page 5

 


THE BECAUSE IT'S GOOD GROUP LTD (FORMALLY MCCARTHY PROPERTIES (READING) LIMITED)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Trade debtors
-
36,652

Other debtors
779,000
578,861

Prepayments and accrued income
16,372
149,061

Deferred taxation
-
3,235

795,372
767,809



7.


Current asset investments

2025
2024
£
£

Money market deposits
21,615,726
-

21,615,726
-



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
-
11,213

Corporation tax
293,170
180,432

Other taxation and social security
-
7,224

Other creditors
-
2,262,794

Accruals and deferred income
14,940
74,725

308,110
2,536,388




Page 6

 


THE BECAUSE IT'S GOOD GROUP LTD (FORMALLY MCCARTHY PROPERTIES (READING) LIMITED)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
-
6,750,000

Other creditors
1,846,718
2,261,294

1,846,718
9,011,294


The bank loan is secured by a charge over some of the company's freehold investment property.
Included in other creditors is an amount due to the director of £1,846,718 (2024 - £2,261,294). This loan is interest free.


10.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£



Amounts falling due 2-5 years

Bank loans
-
6,750,000


-
6,750,000



11.


Events after the reporting period

The company changed its name from “McCarthy Properties (Reading) Limited”, to “The Because It’s Good Group Ltd” on 16th July 2025. This is a non-adjusting event with no material impact on the financial statements.

 
Page 7