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Company Registration No. 10409611 (England and Wales)
McCowen-Smith Ltd. Unaudited accounts for the year ended 31 December 2024
McCowen-Smith Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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McCowen-Smith Ltd. Company Information for the year ended 31 December 2024
Directors
N D McCowen-Smith L McCowen-Smith
Company Number
10409611 (England and Wales)
Registered Office
Suite 2, Riverside Court Castle Street Barnstaple Devon EX36 3LH
Accountants
JD Accountants (South West) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR
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McCowen-Smith Ltd. Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
510,707
510,707
Current assets
Debtors
5
745
745
Cash at bank and in hand
53,224
44,511
53,969
45,256
Creditors: amounts falling due within one year
6
(500,838)
(501,646)
Net current liabilities
(446,869)
(456,390)
Net assets
63,838
54,317
Capital and reserves
Called up share capital
100
100
Profit and loss account
63,738
54,217
Shareholders' funds
63,838
54,317
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
N D McCowen-Smith Director Company Registration No. 10409611
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McCowen-Smith Ltd. Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
McCowen-Smith Ltd. is a private company, limited by shares, registered in England and Wales, registration number 10409611. The registered office is Suite 2, Riverside Court, Castle Street, Barnstaple, Devon, EX36 3LH.
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:
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 January 2024
510,707
At 31 December 2024
510,707
Depreciation
At 31 December 2024
-
Net book value
At 31 December 2024
510,707
At 31 December 2023
510,707
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Accrued income and prepayments
745
745
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McCowen-Smith Ltd. Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
2,234
2,122
Loans from directors
497,550
497,550
Accruals
1,054
1,974
500,838
501,646
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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