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Registration number: 07641934

MC492 limited
Annual Report and Unaudited Financial Statements
for the Period from 1 June 2023 to 30 November 2024

MC492 limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Financial Statements | 4 to 9

MC492 limited

Company Information

Directors | Mr Michael Llewellyn Evans Ms Julie Jones

Company secretary | Ms Julie Jones

Registered office | Trem-Byr Four Winds Lane Penally Tenby Pembrokeshire SA70 7PB

MC492 limited

(Registration number: 07641934)
Balance Sheet as at 30 November 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 5 | 2,435 | 230,765
Investment property | 6 | 445,000 | -
|  | 447,435 | 230,765
Current assets |  |  |
Debtors | 7 | 19,722 | 201
Cash at bank and in hand |  | 1,089 | 1,317
|  | 20,811 | 1,518
Creditors: Amounts falling due within one year | 8 | (12,773) | (77,210)
Net current assets/(liabilities) |  | 8,038 | (75,692)
Total assets less current liabilities |  | 455,473 | 155,073
Creditors: Amounts falling due after more than one year | 8 | - | (81,465)
Provisions for liabilities |  | (661) | (661)
Net assets |  | 454,812 | 72,947
Capital and reserves |  |  |
Called up share capital |  | 180 | 180
Profit and loss account |  | 454,632 | 72,767
Total equity |  | 454,812 | 72,947

MC492 limited

(Registration number: 07641934)
Balance Sheet as at 30 November 2024

For the financial period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 4 November 2025 and signed on its behalf by:

......................................... Mr Michael Llewellyn Evans Director |  |

MC492 limited

Notes to the Financial Statements for the Period from 1 June 2023 to 30 November 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Trem-Byr Four Winds Lane
Penally
Tenby
Pembrokeshire
SA70 7PB

These financial statements were authorised for issue by the Board on 4 November 2025.

2 | 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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 income 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.

MC492 limited

Notes to the Financial Statements for the Period from 1 June 2023 to 30 November 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Land and buildings | 2% straight line basis
Plant and machinery | 20% 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

MC492 limited

Notes to the Financial Statements for the Period from 1 June 2023 to 30 November 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2023 - 3).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2024 £ | 2023 £
Depreciation expense | 1,044 | 5,706

MC492 limited

Notes to the Financial Statements for the Period from 1 June 2023 to 30 November 2024

5 | Tangible assets

| Land and buildings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 June 2023 | 241,794 | 48,932 | 290,726
Disposals | (241,794) | - | (241,794)
At 30 November 2024 | - | 48,932 | 48,932
Depreciation
At 1 June 2023 | 14,508 | 45,453 | 59,961
Charge for the period | - | 1,044 | 1,044
Eliminated on disposal | (14,508) | - | (14,508)
At 30 November 2024 | - | 46,497 | 46,497
Carrying amount
At 30 November 2024 | - | 2,435 | 2,435
At 31 May 2023 | 227,286 | 3,479 | 230,765

Included within the net book value of land and buildings above is £Nil (2023 - £227,286) in respect of freehold land and buildings.

6 | Investment properties

| 2024 £
Additions | 445,000

There has been no valuation of investment property by an independent valuer.

7 | Debtors

| Note | 2024 £ | 2023 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 11 | 19,722 | -
Prepayments |  | - | 201
|  | 19,722 | 201

MC492 limited

Notes to the Financial Statements for the Period from 1 June 2023 to 30 November 2024

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Bank loans and overdrafts | 10 | - | 22,308
Directors' loan accounts | 11 | - | 47,563
Corporation tax liability |  | 9,873 | 2,697
Other creditors |  | 2,900 | 4,642
|  | 12,773 | 77,210

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 10 | - | 81,465

9 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary of £1 each | 180 | 180 | 180 | 180

MC492 limited

Notes to the Financial Statements for the Period from 1 June 2023 to 30 November 2024

10 | Loans and borrowings

| 2024 £ | 2023 £
Non-current loans and borrowings
Bank borrowings | - | 81,465

| 2024 £ | 2023 £
Current loans and borrowings
Bank borrowings | - | 22,308

11 | Related party transactions

Summary of transactions with parent

The ultimate controlling party was Cobourg Development Limited, the parent and shareholder of the company.