Mackey Franchise Ltd 30/04/2025 iXBRL

Company registration number: NI611599

Mackey Franchise Ltd

Trading as Mackey (Franchise) Ltd

Unaudited filleted financial statements

30 April 2025

Mackey Franchise Ltd

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Mackey Franchise Ltd

Directors and other information


	Directors	Mr C J Mackey
		Mr M J Mackey
		Mr R D mackey


	Company number	NI611599


	Registered office	422 - 426 Newtownards Road
		Belfast
		Antrim
		BT4 1HJ


	Business address	422 - 426 Newtownards Road
		Belfast
		Antrim
		BT4 1HJ


	Accountants	James Mc Mahon & Company
		35 Castor Bay Road
		Lurgan
		BT67 9LE

Mackey Franchise Ltd

Statement of financial position

30 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Investments	4	35		35
		_______		_______
			35		35

Current assets
Debtors	5	1,196,785		595,347
		_______		_______
		1,196,785		595,347
Creditors: amounts falling due
within one year	6	( 1,100,285)		( 513,846)
		_______		_______
Net current assets			96,500		81,501
			_______		_______
Total assets less current liabilities			96,535		81,536

			_______		_______
Net assets			96,535		81,536
			_______		_______

Capital and reserves
Called up share capital			36		36
Profit and loss account			96,499		81,500
			_______		_______
Shareholders funds			96,535		81,536
			_______		_______

For the year ending 30 April 2025 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

Mr C J Mackey

Director

Company registration number: NI611599

Mackey Franchise Ltd

Statement of changes in equity

Year ended 30 April 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 May 2023	36	81,500	81,536

Profit for the year		120,000	120,000
	_______	_______	_______
Total comprehensive income for the year	-	120,000	120,000

Dividends paid and payable		( 120,000)	( 120,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 120,000)	( 120,000)

	_______	_______	_______
At 30 April 2024 and 1 May 2024	36	81,500	81,536

Profit for the year		119,999	119,999
	_______	_______	_______
Total comprehensive income for the year	-	119,999	119,999

Dividends paid and payable		( 105,000)	( 105,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 105,000)	( 105,000)

	_______	_______	_______
At 30 April 2025	36	96,499	96,535
	_______	_______	_______

Mackey Franchise Ltd

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in Norther Ireland. The address of the registered office is Mackey (Franchise) Ltd, 422 - 426 Newtownards Road, Belfast, Antrim, BT4 1HJ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 May 2024 and 30 April 2025	35	35
	_______	_______
Impairment
At 1 May 2024 and 30 April 2025	-	-
	_______	_______
Carrying amount
At 30 April 2025	35	35
	_______	_______
At 30 April 2024	35	35
	_______	_______

5. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,196,785	568,137
Other debtors	-	27,210
	_______	_______
	1,196,785	595,347
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	270,057	194,888
Other creditors	830,228	318,958
	_______	_______
	1,100,285	513,846
	_______	_______

7. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr C J Mackey	( 32,391)	( 2,185)	( 34,576)
	Mr M J Mackey	27,210	( 137,366)	( 110,156)
	Mr R D mackey	( 63,556)	( 5,215)	( 68,771)
		_______	_______	_______
		( 68,737)	( 144,766)	( 213,503)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr C J Mackey	( 36,233)	3,842	( 32,391)
	Mr M J Mackey	17,509	9,701	27,210
	Mr R D mackey	( 65,227)	1,671	( 63,556)
		_______	_______	_______
		( 83,951)	15,214	( 68,737)
		_______	_______	_______