Mace Property Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13087550

MACE PROPERTY HOLDINGS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2024

MACE PROPERTY HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024	2023
Note	£	£

FIXED ASSETS

Tangible assets	4	286,777	155,830

CURRENT ASSETS

Cash at bank and in hand	1,309	128

CREDITORS: amounts falling due within one year	5	204	192
		--------	-----
NET CURRENT ASSETS/(LIABILITIES)		1,105	( 64)
		-----------	-----------
TOTAL ASSETS LESS CURRENT LIABILITIES		287,882	155,766

CREDITORS: amounts falling due after more than one year	6	324,697	169,988
		-----------	-----------
NET LIABILITIES		( 36,815)	( 14,222)
		-----------	-----------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	( 36,816)	( 14,223)
	---------	---------
SHAREHOLDER DEFICIT	( 36,815)	( 14,222)
	---------	---------

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.

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MACE PROPERTY HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

Mr M Mace
Director

Company registration number: 13087550

MACE PROPERTY HOLDINGS 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 20 Mannin Way, Caton Road, Lancaster, Lancashire, LA1 1SW.

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.

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.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	33% straight line

4. TANGIBLE ASSETS

Freehold property	Equipment	Total
£	£	£

Cost
At 1 January 2024	155,830	–	155,830
Additions	130,475	708	131,183
	-----------	-----	-----------
At 31 December 2024	286,305	708	287,013
	-----------	-----	-----------
Depreciation
At 1 January 2024	–	–	–
Charge for the year	–	236	236
	-----------	-----	-----------
At 31 December 2024	–	236	236
	-----------	-----	-----------
Carrying amount
At 31 December 2024	286,305	472	286,777
	-----------	-----	-----------
At 31 December 2023	155,830	–	155,830
	-----------	-----	-----------

5. CREDITORS: amounts falling due within one year

	2024	2023
	£	£

Accruals and deferred income	204	192
	-----	-----

6. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£

Bank loans and overdrafts	135,460	–
Director loan accounts	149,237	169,988
Other creditors	40,000	–
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	324,697	169,988
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