Registration number: 07909132

Fed Mac Limited

Contents

Statement Of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

Fed Mac Limited

(Registration number: 07909132)
Statement Of Financial Position as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	2	101	151
Investment property	3	1,105,757	1,105,757
		1,105,858	1,105,908
Current assets
Debtors	4	1,992	1,933
Cash at bank and in hand		21,006	10,524
		22,998	12,457
Creditors: Amounts falling due within one year	5	(1,016,180)	(1,013,892)
Net current liabilities		(993,182)	(1,001,435)
Net assets		112,676	104,473
Capital and reserves
Called up share capital		100	100
Retained earnings		112,576	104,373
Shareholders' funds		112,676	104,473

Fed Mac Limited

(Registration number: 07909132)
Statement Of Financial Position as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 30 October 2025
 

Mr F Macheda Director

Fed Mac Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date, the company had net current liabilities. The company has received assurances from the director that he will continue to give financial support to the company for the foreseeable future and for a period not less than 12 months from the date of signing these financial statements.

On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. However, should the financial support mentioned above not be forthcoming the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be be necessary should this basis not continue to be appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of properties in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Fed Mac Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment	33.33% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

2	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2024	9,063	9,063
At 31 January 2025	9,063	9,063
Depreciation
At 1 February 2024	8,912	8,912
Charge for the year	50	50
At 31 January 2025	8,962	8,962
Carrying amount
At 31 January 2025	101	101
At 31 January 2024	151	151

3	Investment properties

	2025 £
At 1 February	1,105,757

There has been no valuation of investment properties by an independent valuer during the year. The director considers the investment properties are held in line with current market valuation as at 31 January 2025.

4

Debtors

Current	2025 £	2024 £
Prepayments	1,992	1,933
	1,992	1,933

Fed Mac Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	2,105	1,950
Accruals and deferred income	3,786	3,945
Other creditors	1,010,289	1,007,997
	1,016,180	1,013,892

6	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).