MCGINNIS DEVELOPMENTS (NORTH WEST) LIMITED

Company Registration Number:
NI635770 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 January 2025

Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

MCGINNIS DEVELOPMENTS (NORTH WEST) LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2025

Balance sheet
Notes

MCGINNIS DEVELOPMENTS (NORTH WEST) LIMITED

Balance sheet

As at 31 January 2025


Notes
2025
2024


£
£
Current assets
Debtors: 3 1,754,387 1,877,302
Cash at bank and in hand: 320,515 6,366
Total current assets: 2,074,902 1,883,668
Creditors: amounts falling due within one year: 4 (1,495,345) (1,289,367)
Net current assets (liabilities): 579,557 594,301
Total assets less current liabilities: 579,557 594,301
Total net assets (liabilities): 579,557 594,301
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 579,556 594,300
Shareholders funds: 579,557 594,301

The notes form part of these financial statements

MCGINNIS DEVELOPMENTS (NORTH WEST) LIMITED

Balance sheet statements

For the year ending 31 January 2025 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 22 October 2025
and signed on behalf of the board by:

Name: JC McGinnis
Status: Director

The notes form part of these financial statements

MCGINNIS DEVELOPMENTS (NORTH WEST) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MCGINNIS DEVELOPMENTS (NORTH WEST) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

2. Employees

2025 2024
Average number of employees during the period 2 2

MCGINNIS DEVELOPMENTS (NORTH WEST) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Debtors

2025 2024
££
Debtors due after more than one year: 0 0

MCGINNIS DEVELOPMENTS (NORTH WEST) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Creditors: amounts falling due within one year note

Amounts owed to related parties - 1,115,769 Other tax and social security - 2,413 Corporation tax - (3,616) Other creditors - 8,617 Accruals - 372,162 Total - 1,495,345

MCGINNIS DEVELOPMENTS (NORTH WEST) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

5. Related party transactions

Name of the related party: Campsie Two Limited
Relationship:
Related company
Description of the Transaction: Loan
£
Balance at 01 February 2024 22,310
Balance at 31 January 2025 22,310
Name of the related party: McGinnis Developments Limited
Relationship:
Related company
Description of the Transaction: Loan
£
Balance at 01 February 2024 0
Balance at 31 January 2025 258,267
Name of the related party: Uladh Properties Limited
Relationship:
Related company
Description of the Transaction: Loan
£
Balance at 01 February 2024 882,192
Balance at 31 January 2025 835,192
Name of the related party: Campsie Three Limited
Relationship:
Related company
Description of the Transaction: Loan
£
Balance at 01 February 2024 145,742
Balance at 31 January 2025 206,992
Name of the related party: Merchants Bay
Relationship:
Related company
Description of the Transaction: Loan
£
Balance at 01 February 2024 1,400,000
Balance at 31 January 2025 1,400,000
Name of the related party: McGinnis Developments Limited
Relationship:
Related company
Description of the Transaction: Loan
£
Balance at 01 February 2024 184,165
Balance at 31 January 2025 0

MCGINNIS DEVELOPMENTS (NORTH WEST) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

6. Post balance sheet events

There have been no significant events affecting the company since the year end.