MCDG PROPERTIES LTD


Director	MCDONOUGH, Lewis Francis


Registered Number	12362916 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Investment property	3		4,496,483		4,469,304
			4,496,483		4,469,304
Current assets
Debtors		1,156,861		1,086,086
Cash at bank and on hand		3,188		14,268
		1,160,049		1,100,354
Creditors amounts falling due within one year	4	(2,371,180)		(2,164,300)
Net current assets (liabilities)			(1,211,131)		(1,063,946)
Total assets less current liabilities			3,285,352		3,405,358
Creditors amounts falling due after one year	5		(3,192,476)		(3,197,227)
Net assets			92,876		208,131
Capital and reserves
Called up share capital			2		2
Revaluation reserve			353,246		353,246
Profit and loss account			(260,372)		(145,117)
Shareholders' funds			92,876		208,131

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 25 September 2025, and are signed on its behalf by:

MCDONOUGH, Lewis Francis
Director
Registered Company No. 12362916

MCDG PROPERTIES LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is regularly remeasured to fair value, with gains or losses transferred to the Profit and Loss account.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Investment property

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	140	-
Amounts owed to related parties	2,357,768	2,144,352
Other creditors	10,920	16,420
Accrued liabilities and deferred income	2,352	3,528
Total	2,371,180	2,164,300

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	3,192,476	3,197,227
Total	3,192,476	3,197,227