Company Registration No. 00705036 (England and Wales)
HouseMates (Macclesfield) Limited
Unaudited accounts
for the year ended 31 March 2025
HouseMates (Macclesfield) Limited
Unaudited accounts
Contents
HouseMates (Macclesfield) Limited
Company Information
for the year ended 31 March 2025
Company Number
00705036 (England and Wales)
Registered Office
Atlas House
Old Hall Street
Macclesfield
Cheshire
SK10 2DT
United Kingdom
Accountants
Astute Accountancy Services Limited
49 Grange Park Avenue
Wilmslow
Cheshire
SK9 4AL
HouseMates (Macclesfield) Limited
Statement of financial position
as at 31 March 2025
Investment property
1,176,675
1,114,999
Cash at bank and in hand
27,946
164
Creditors: amounts falling due within one year
(143,117)
(163,325)
Net current assets/(liabilities)
30,699
(63,733)
Total assets less current liabilities
1,207,374
1,051,266
Creditors: amounts falling due after more than one year
(788,930)
(694,581)
Provisions for liabilities
Other provisions
(117,371)
(101,952)
Net assets
301,073
254,733
Share premium
10,000
10,000
Revaluation reserve
209,385
209,385
Profit and loss account
81,688
35,348
Shareholders' funds
301,073
254,733
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 15 October 2025 and were signed on its behalf by
Jeremy Brown
Director
Company Registration No. 00705036
HouseMates (Macclesfield) Limited
Notes to the Accounts
for the year ended 31 March 2025
HouseMates (Macclesfield) Limited is a private company, limited by shares, registered in England and Wales, registration number 00705036. The registered office is Atlas House, Old Hall Street, Macclesfield, Cheshire, SK10 2DT, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
10% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
HouseMates (Macclesfield) Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Fair value at 1 April 2024
1,114,999
Net gain from fair value adjustments
61,676
At 31 March 2025
1,176,675
Investment properties are held for capital appreciation and to earn rental income. Investment properties are initially measured at cost, including transition costs and improvement costs prior to generating rental income. Subsequently investment properties are measured at fair value. Investment property valuations are based on the open market. Deferred tax is provided on revaluation gains. Gains and losses arising from changes in fair value are included in the statement of income and retained earnings in the period in which they arise and are credited to a non-distributable reserve.
Amounts falling due within one year
Amounts due from group undertakings etc.
98,228
99,453
Accrued income and prepayments
8,375
-
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
28,706
32,026
Trade creditors
20,300
36,003
Taxes and social security
(1,255)
3,051
Other creditors
69,195
68,445
HouseMates (Macclesfield) Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
692,958
694,581
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).