St Marys Lane Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12713009

St Marys Lane Developments Limited

Filleted Unaudited Financial Statements

31 December 2024

St Marys Lane Developments Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

St Marys Lane Developments Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		3,005,698		2,014,429

Current assets

Debtors	6	450	–
Cash at bank and in hand		25,994	11,188
		--------	--------
		26,444	11,188

Creditors: amounts falling due within one year	7	1,191,095		926,427
		------------		---------
Net current liabilities			1,164,651		915,239
			------------		------------
Total assets less current liabilities			1,841,047		1,099,190

Creditors: amounts falling due after more than one year	8	1,814,094	1,099,090
		------------	------------
Net assets		26,953	100
		------------	------------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		26,853	–
		--------	----
Shareholders funds		26,953	100
		--------	----

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 .

St Marys Lane Developments Limited

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 J Macfarlane

Director

Company registration number: 12713009

St Marys Lane Developments Limited

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 60 Rayleigh Road, Hutton, Brentwood, Essex, CM13 1BA, United Kingdom.

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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

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.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments

A financial asset or 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 2 (2023: 2) which consisted of the directors only.

5. Tangible assets

	Investment property
	£
Cost
At 1 January 2024	2,014,429
Additions	991,269
	------------
At 31 December 2024	3,005,698
	------------
Depreciation
At 1 January 2024 and 31 December 2024	–
	------------
Carrying amount
At 31 December 2024	3,005,698
	------------
At 31 December 2023	2,014,429
	------------

The investment property was valued at fair value by the directors of the company at the balance sheet date.

6. Debtors

	2024	2023
	£	£
Amounts owed by group and/or related undertakings	450	–
	----	----

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Amounts owed to group and/or related undertakings	1,080,585	912,341
Accruals and deferred income	63,083	8,750
Social security and other taxes	4,481	5,336
Other creditors	42,946	–
	------------	---------
	1,191,095	926,427
	------------	---------

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

	2024	2023
	£	£
Bank loans and overdrafts	1,814,094	1,099,090
	------------	------------

The loan is secured against the company's assets by fixed and floating charges. The charge was subsequently satisfied on 7 February 2025.

9. Called up share capital

Issued, called up and fully paid

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

10. Subsequent events

After the balance sheet date, the property held by the company was transferred to another entity within the group.

11. Related party transactions

At the balance sheet date the company owed a group undertaking £1,080,584 (2023: £912,341), which is shown amongst creditors.

12. Controlling party

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