Company registration number 13171344 (England and Wales)
PADDY MCCORMACK & CO. LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 MARCH 2024 TO 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
PADDY MCCORMACK & CO. LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
PADDY MCCORMACK & CO. LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
31 March 2025
28 February 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,949
2,934
Current assets
Debtors
4
253,414
46,434
Cash at bank and in hand
58,138
123,979
311,552
170,413
Creditors: amounts falling due within one year
5
(77,517)
(65,974)
Net current assets
234,035
104,439
Net assets
235,984
107,373
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
235,884
107,273
Total equity
235,984
107,373

For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 12 November 2025
Mr P T McCormack
Director
Company registration number 13171344 (England and Wales)
PADDY MCCORMACK & CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Paddy McCormack & Co. Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, 14-15 Berners Street, London, W1T 3LJ.

1.1
Reporting period

The company has prepared accounts for the 13 month period ending 31 March 2025. The company accounting period has been extended in order to align with the tax year. Due to reporting for an extended period the comparative figures in the financial statements are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for property leasing advisory services and is shown net of VAT.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Straight Line
Fixtures and fittings
20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PADDY MCCORMACK & CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

1.8
Taxation

The tax expense represents the t ax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Total
1
1
PADDY MCCORMACK & CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024 and 31 March 2025
4,589
Depreciation and impairment
At 1 March 2024
1,655
Depreciation charged in the period
985
At 31 March 2025
2,640
Carrying amount
At 31 March 2025
1,949
At 28 February 2024
2,934
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,167
-
0
Other debtors
252,247
46,434
253,414
46,434
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,280
1,200
Corporation tax
67,400
57,321
Other taxation and social security
5,387
6,953
Other creditors
2,450
500
77,517
65,974
PADDY MCCORMACK & CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 5 -
6
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Loan
2.25
46,414
266,349
2,568
(63,104)
252,227
46,414
266,349
2,568
(63,104)
252,227
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