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Company Registration No. 10427746 (England and Wales)
MCGO PROPERTIES LTD Unaudited accounts for the year ended 31 March 2025
MCGO PROPERTIES LTD Unaudited accounts Contents
Page
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MCGO PROPERTIES LTD Company Information for the year ended 31 March 2025
Director
Mrs D McGowan
Company Number
10427746 (England and Wales)
Registered Office
5 Hawkhurst Gardens Romford RM5 3LT ENGLAND
Accountants
Trimantic Accountants 1 Victor House Barnet Road London Colney AL2 1BJ
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MCGO PROPERTIES LTD Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,772 
15,345 
Investment property
5,815,000 
5,330,907 
5,828,772 
5,346,252 
Current assets
Debtors
3,335 
6,734 
Cash at bank and in hand
6,155 
3,976 
9,490 
10,710 
Creditors: amounts falling due within one year
(1,133,296)
(313,164)
Net current liabilities
(1,123,806)
(302,454)
Total assets less current liabilities
4,704,966 
5,043,798 
Creditors: amounts falling due after more than one year
(2,181,759)
(2,544,390)
Provisions for liabilities
Deferred tax
(88,287)
(78,837)
Net assets
2,434,920 
2,420,571 
Capital and reserves
Called up share capital
102 
102 
Share premium
2,056,700 
2,056,700 
Profit and loss account
378,118 
363,769 
Shareholders' funds
2,434,920 
2,420,571 
For the year ending 31 March 2025 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 her 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 26 August 2025 and were signed on its behalf by
Mrs D McGowan Director Company Registration No. 10427746
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MCGO PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
MCGO PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 10427746. The registered office is 5 Hawkhurst Gardens, Romford, RM5 3LT, 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:
Motor vehicles
3 years straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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MCGO PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
19,000 
119 
- 
19,119 
Additions
- 
- 
7,198 
7,198 
At 31 March 2025
19,000 
119 
7,198 
26,317 
Depreciation
At 1 April 2024
3,694 
80 
- 
3,774 
Charge for the year
6,333 
39 
2,399 
8,771 
At 31 March 2025
10,027 
119 
2,399 
12,545 
Net book value
At 31 March 2025
8,973 
- 
4,799 
13,772 
At 31 March 2024
15,306 
39 
- 
15,345 
5
Investment property
2025 
£ 
Fair value at 1 April 2024
5,330,907 
Additions
434,623 
Net gain from fair value adjustments
49,470 
At 31 March 2025
5,815,000 
Investment properties were valued by mortgage providers and estate agents operating in the vicinity of the investment properties in March 2022. The revalued amounts were recorded in the Profit & Loss account. Deferred taxation was recognised on the revaluation gains. Included within retained earnings is £464,293 of non-distributable reserves arising from the revaluation of investment properties.
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
4,000 
Accrued income and prepayments
3,764 
2,734 
Other debtors
(429)
- 
3,335 
6,734 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
5,922 
8,049 
Taxes and social security
- 
796 
Other creditors
20,792 
14,424 
Loans from directors
1,106,582 
289,895 
1,133,296 
313,164 
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MCGO PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
2,181,759 
2,544,390 
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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