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Company Registration No. 10238997 (England and Wales)
M&C Developments NE Ltd. Unaudited accounts for the year ended 30 November 2024
M&C Developments NE Ltd. Unaudited accounts Contents
Page
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M&C Developments NE Ltd. Company Information for the year ended 30 November 2024
Director
Christopher Paton
Company Number
10238997 (England and Wales)
Registered Office
40 Warton Terrace Newcastle upon Tyne Tyne and Wear NE6 5LS England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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M&C Developments NE Ltd. Accountants' report
Accountants' report to the director of M&C Developments NE Ltd. on the preparation of the unaudited statutory accounts for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of M&C Developments NE Ltd. for the year ended 30 November 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of M&C Developments NE Ltd., as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of M&C Developments NE Ltd. and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M&C Developments NE Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that M&C Developments NE Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of M&C Developments NE Ltd.. You consider that M&C Developments NE Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of M&C Developments NE Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 7 August 2025
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M&C Developments NE Ltd. Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
214 
Investments
18 
18 
18 
232 
Current assets
Inventories
- 
1,513 
Debtors
349,798 
203,784 
Cash at bank and in hand
6,305 
547 
356,103 
205,844 
Creditors: amounts falling due within one year
(145,741)
(122,915)
Net current assets
210,362 
82,929 
Total assets less current liabilities
210,380 
83,161 
Creditors: amounts falling due after more than one year
(279,710)
(153,116)
Net liabilities
(69,330)
(69,955)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(69,430)
(70,055)
Shareholders' funds
(69,330)
(69,955)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 August 2025 and were signed on its behalf by
Christopher Paton Director Company Registration No. 10238997
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M&C Developments NE Ltd. Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
M&C Developments NE Ltd. is a private company, limited by shares, registered in England and Wales, registration number 10238997. The registered office is 40 Warton Terrace, Newcastle upon Tyne, Tyne and Wear, NE6 5LS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2023
791 
At 30 November 2024
791 
Depreciation
At 1 December 2023
577 
Charge for the year
214 
At 30 November 2024
791 
Net book value
At 30 November 2024
- 
At 30 November 2023
214 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 December 2023
18 
Valuation at 30 November 2024
18 
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M&C Developments NE Ltd. Notes to the Accounts for the year ended 30 November 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,318 
- 
Trade debtors
70,269 
18,079 
Accrued income and prepayments
56,500 
- 
Other debtors
34,000 
36,820 
162,087 
54,899 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
14,988 
- 
Other debtors
172,723 
148,885 
187,711 
148,885 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
460 
Trade creditors
47,937 
20,495 
Taxes and social security
10,259 
22,291 
Other creditors
87,545 
87,972 
Loans from directors
- 
(8,303)
145,741 
122,915 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,512 
34,581 
Other creditors
251,198 
118,535 
279,710 
153,116 
9
Transactions with related parties
Included in long term debtors are amounts of £148,885 (2023 - £148.885) owed by related companies. Included in long term creditors are amounts of £251,198 (2023 - £118,495) owed to related companies. No interest has been charged.
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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