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Registered number: 06622150
The McPherson Partnership Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06622150
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,568,450 6,018,600
6,568,450 6,018,600
CURRENT ASSETS
Debtors 5 184 4,184
Cash at bank and in hand 17,240 12,957
17,424 17,141
Creditors: Amounts Falling Due Within One Year 6 (163,170 ) (208,168 )
NET CURRENT ASSETS (LIABILITIES) (145,746 ) (191,027 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,422,704 5,827,573
Creditors: Amounts Falling Due After More Than One Year 7 (4,009,101 ) (4,011,792 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (168,441 ) (144,536 )
NET ASSETS 2,245,162 1,671,245
CAPITAL AND RESERVES
Called up share capital 8 106 106
Share premium account 1,430,783 1,430,783
Fair value reserve 9 750,474 218,379
Profit and Loss Account 63,799 21,977
SHAREHOLDERS' FUNDS 2,245,162 1,671,245
Page 1
Page 2
For the year ending 30 June 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alec McPherson
Director
10/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The McPherson Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06622150 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance method
Fixtures & Fittings 25% reducing balance method
Computer Equipment 33% straight line method
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Investment Properties Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 July 2024 5,994,000 59,812 2,050 1,265 6,057,127
Revaluation 556,000 - - - 556,000
As at 30 June 2025 6,550,000 59,812 2,050 1,265 6,613,127
Depreciation
As at 1 July 2024 - 36,600 660 1,267 38,527
Provided during the period - 5,803 347 - 6,150
As at 30 June 2025 - 42,403 1,007 1,267 44,677
Net Book Value
As at 30 June 2025 6,550,000 17,409 1,043 (2 ) 6,568,450
As at 1 July 2024 5,994,000 23,212 1,390 (2 ) 6,018,600
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 4,000
Other debtors 138 138
Other taxes and social security 46 46
184 4,184
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 5,000 -
Other creditors 20,437 40,393
Accruals and deferred income 34,600 27,216
Directors' loan accounts 103,133 140,559
163,170 208,168
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 4,009,101 4,011,792
Page 4
Page 5
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1,589,205 Ordinary C shares of £ 0.0000667 each 106 106
The shares were issued in consideration for the transfer of a property rental business partnership from the shareholders to the company.


9. Reserves
Fair Value Reserve
£
As at 1 July 2024 218,379
Transfer to profit and loss 532,095
As at 30 June 2025 750,474
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Alec McPherson by virtue of his majority ownership of the issued share capital in the company.
Page 5