Company registration number: 13844180
Unaudited financial statements
for the year ended 30 June 2025
for
Mac Property Projects Limited
Pages for filing with the Registrar
Company registration number: 13844180
Mac Property Projects Limited
Balance sheet
as at 30 June 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 2,671 4,007
Investment property 5 361,099 361,099
363,770 365,106
Current assets
Debtors 31,530 31,530
Cash at bank and in hand 16,235 6,361
47,765 37,891
Creditors: amounts falling due within one
year
(146,066) (141,323)
Net current liabilities (98,301) (103,432)
Total assets less current liabilities 265,469 261,674
Creditors: Amounts falling due after more
than one year
6 (255,978) (255,978)
NET ASSETS 9,491 5,696
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,391 5,596
TOTAL EQUITY 9,491 5,696
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 13844180
Mac Property Projects Limited
Balance sheet - continued
as at 30 June 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 30 July 2025 and signed on its behalf by:
Mr M Connelly, Director
30 July 2025
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Mac Property Projects Limited
Notes to the financial statements
for the year ended 30 June 2025
1 Company information
Mac Property Projects Limited is a private company registered in England and Wales. Its registered number is 13844180. The company is limited by shares. Its registered office is 10 Ravens Dene, Chislehurst, Kent, BR7 5FL.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 20% straight line
Investment property
Investment property is shown at its 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 taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
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Mac Property Projects Limited
Notes to the financial statements - continued
for the year ended 30 June 2025
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 July 2024 6,679
At 30 June 2025 6,679
Depreciation
At 1 July 2024 2,672
Charge for year 1,336
At 30 June 2025 4,008
Net book value
At 30 June 2025 2,671
At 30 June 2024 4,007
5 Investment property
£
Valuation
At 1 July 2024 361,099
At 30 June 2025 361,099
6 Creditors: amounts falling due after more than five years
2025 2024
£ £
Repayable otherwise than by instalments
Other creditors 255,978 255,978
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