Mac Design Investments Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12641028

Mac Design Investments Ltd

Filleted Unaudited Financial Statements

31 December 2024

Mac Design Investments Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Mac Design Investments Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,000,000		650,000

Current assets

Debtors	6	–	100
Cash at bank and in hand		3,980	4,491
		-------	-------
		3,980	4,591

Creditors: amounts falling due within one year	7	295,244		191,608
		---------		---------
Net current liabilities			291,264		187,017
			------------		---------
Total assets less current liabilities			708,736		462,983

Creditors: amounts falling due after more than one year	8		638,498		402,045

Provisions	9	36,899	23,012
		---------	---------
Net assets		33,339	37,926
		---------	---------

Capital and reserves

Called up share capital	10	100	100
Profit and loss account		33,239	37,826
		--------	--------
Shareholders funds		33,339	37,926
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Mac Design Investments Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mr F Macfarlane

Director

Company registration number: 12641028

Mac Design Investments Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Average number of employees

During the year the average number of employees was 3 (2023: 3) which consisted of directors only.

5. Tangible assets

	Investment property
	£
Cost or valuation
At 1 January 2024	650,000
Additions	324,801
Revaluations	25,199
	------------
At 31 December 2024	1,000,000
	------------
Depreciation
At 1 January 2024 and 31 December 2024	–
	------------
Carrying amount
At 31 December 2024	1,000,000
	------------
At 31 December 2023	650,000
	------------

6. Debtors

	2024	2023
	£	£
Amounts owed by group and/or related undertakings	–	100
	----	----

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Amounts owed to group and/or related undertakings	295,244	191,608
	---------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Mortgage	638,498	402,045
	---------	---------

The mortgage is secured against the company's assets by a charge registered by the lender.

9. Provisions

	Deferred tax
	£
At 1 January 2024	23,012
Additions	13,887
	--------
At 31 December 2024	36,899
	--------

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. Related party transactions

At the balance sheet date the company owed a group undertaking £269,894 (2023: £191,608), which is shown amongst creditors. The company has taken advantage of the exception granted under FRS102 section 33.1A not to disclose transactions with wholly owned subsidiaries within the group.

12. Controlling party

The ultimate parent undertaking is Mac Design Holdings Ltd, a company incorporated in England and Wales. The registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.