REGISTERED NUMBER: 02410688 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

M.A.C. DEVELOPMENTS & CONSTRUCTION

LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

7

Other Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

Mrs M Aslam

Z A Chaudry

REGISTERED OFFICE:

92 Coleshill Road

Chapel End

Nuneaton

Warwickshire

CV10 0PH

REGISTERED NUMBER:

02410688 (England and Wales)

SENIOR STATUTORY AUDITOR:

Gregg Olner MPhil BA(Hons) FCA

AUDITORS:

HB&O Ltd

Chartered Accountants and Statutory Auditors

Seven Stars House

1 Wheler Road

Coventry

CV3 4LB

BANKERS:

Lloyds TSB Bank plc

17/23 Coventry Street

Nuneaton

Warwickshire

CV11 5TD

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

Turnover has increased by around 7% to £13,453,311 (2024: £12,591,452). However, the company has increased net assets by around 13% to £11,180,973 (2024: £9,802,901)

The directors consider the results to be in line with expectations given the economic climate in which the company operates.

PRINCIPAL RISKS AND UNCERTAINTIES

The company operates its service stations within a retail environment and as such is subject to inflationary risks and uncertainties inherent within the UK economy. The property development activities are subject to standard risks surrounding supply and demand. There are additional uncertainties surrounding planning applications and market interest rates.

ON BEHALF OF THE BOARD:

Z A Chaudry - Director

22 December 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITIES

The principal activities of the company in the year under review were those of the operation of petrol filling stations and property development and construction.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Mrs M Aslam

Z A Chaudry

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Z A Chaudry - Director

22 December 2025

Opinion

We have audited the financial statements of M.A.C. Developments & Construction Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The audit process includes an assessment of the entity's risk environment, through enquiry of and discussion with management, including an assessment of any key laws and regulations with which the company must comply in the ordinary course of business.

Additionally, the overall risks of irregular transactions occurring are assessed following our observations and confirmation of the design and implementation of management's controls. Whilst we are mindful of these risks, our audit focus is geared towards the risk of material misstatement in the financial statements as a whole.

As such, our procedures cannot guarantee that all transactions have been fully compliant with all relevant laws and regulations, including those regulations relating to fraud, as our procedures are not designed to detect all instances of non-compliance. By definition, the risk of our detection of non-compliance is greater where compliance with a law of regulation is removed from the events and transactions reflected in the financial statements. The risk is also greater regarding irregularities due to fraud rather than error, as fraud involved intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Comparative information

We draw attention to the fact that the financial statements for the year ended 31 March 2024 were unaudited. As such the figures included in the columns headed "2024" in these financial statements are similarly unaudited.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Gregg Olner MPhil BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of HB&O Ltd

Chartered Accountants and Statutory Auditors

Seven Stars House

1 Wheler Road

Coventry

CV3 4LB

22 December 2025

TURNOVER

13,453,311

12,591,452

Cost of sales

10,723,282

10,180,228

GROSS PROFIT

2,730,029

2,411,224

Administrative expenses

1,912,169

1,588,013

817,860

823,211

Other operating income

1,006,496

933,523

OPERATING PROFIT

4

1,824,356

1,756,734

Interest receivable and similar income

22,674

9,082

1,847,030

1,765,816

Interest payable and similar expenses

5

5,097

7,769

PROFIT BEFORE TAXATION

1,841,933

1,758,047

Tax on profit

6

463,861

444,922

PROFIT FOR THE FINANCIAL YEAR

1,378,072

1,313,125

PROFIT FOR THE YEAR

1,378,072

1,313,125

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,378,072

1,313,125

FIXED ASSETS

Tangible assets

7

1,167,026

1,141,365

Investment development

properties

8

10,578,916

8,689,508

11,745,942

9,830,873

CURRENT ASSETS

Stocks

9

81,000

79,000

Debtors

10

66,871

107,244

Cash at bank

1,646,092

2,262,379

1,793,963

2,448,623

CREDITORS

Amounts falling due within one year

11

2,117,014

2,223,797

NET CURRENT (LIABILITIES)/ASSETS

(323,051

)

224,826

TOTAL ASSETS LESS CURRENT LIABILITIES

11,422,891

10,055,699

CREDITORS

Amounts falling due after more than one year

12

(199,489

)

(218,600

)

PROVISIONS FOR LIABILITIES

15

(42,429

)

(34,198

)

NET ASSETS

11,180,973

9,802,901

CAPITAL AND RESERVES

Called up share capital

16

2

2

Fair value reserve

17

861,994

861,994

Retained earnings

17

10,318,977

8,940,905

SHAREHOLDERS' FUNDS

11,180,973

9,802,901

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Z A Chaudry - Director

Called up

Fair

share

Retained

value

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

2

7,627,780

861,994

8,489,776

Changes in equity

Total comprehensive income

-

1,313,125

-

1,313,125

Balance at 31 March 2024

2

8,940,905

861,994

9,802,901

Changes in equity

Total comprehensive income

-

1,378,072

-

1,378,072

Balance at 31 March 2025

2

10,318,977

861,994

11,180,973

Cash flows from operating activities

Cash generated from operations

1

2,003,768

1,637,384

Interest paid

(5,097

)

(7,769

)

Tax paid

(662,070

)

(172,692

)

Net cash from operating activities

1,336,601

1,456,923

Cash flows from investing activities

Purchase of tangible fixed assets

(59,087

)

(6,600

)

Purchase of development property

(1,889,408

)

-

Interest received

22,674

9,082

Net cash from investing activities

(1,925,821

)

2,482

Cash flows from financing activities

Loan repayments in year

(25,415

)

(49,067

)

Amount withdrawn by directors

(1,652

)

(997

)

Net cash from financing activities

(27,067

)

(50,064

)

(Decrease)/increase in cash and cash equivalents

(616,287

)

1,409,341

Cash and cash equivalents at beginning of year

2

2,262,379

853,038

Cash and cash equivalents at end of year

2

1,646,092

2,262,379

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

1,841,933

1,758,047

Depreciation charges

33,426

30,743

Loss on disposal of fixed assets

-

286

Finance costs

5,097

7,769

Finance income

(22,674

)

(9,082

)

1,857,782

1,787,763

Increase in stocks

(2,000

)

-

Decrease/(increase) in trade and other debtors

40,373

(69,578

)

Increase/(decrease) in trade and other creditors

107,613

(80,801

)

Cash generated from operations

2,003,768

1,637,384

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

1,646,092

2,262,379

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

2,262,379

853,038

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank

2,262,379

(616,287

)

1,646,092

2,262,379

(616,287

)

1,646,092

Debt

Debts falling due within 1 year

(24,320

)

7,320

(17,000

)

Debts falling due after 1 year

(59,137

)

18,095

(41,042

)

(83,457

)

25,415

(58,042

)

Total

2,178,922

(590,872

)

1,588,050

1.	STATUTORY INFORMATION

M.A.C. Developments & Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous year.

The company has made a pre-tax profit of £1,841,933. Net current liabilities at the period end amounted to £323,051. As shown on the balance sheet, the company had overall net assets of £11,180,973.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore believe that the going concern basis of accounts preparation is appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on despatch of the goods.

Rental income

Rental income from investment property leased out under operating leases is recognised on a straight-line basis over the term of the lease.

Profit share arrangement

Income from the profit share arrangement is recognised on a straight-line basis over the term of the agreement.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land and buildings

-

2% on cost

Fixtures, fittings, tools and equipment

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Land included within freehold property is not depreciated.

Investment development properties

Investment development properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing stock to its present location and condition, including any import costs, duties and carriage.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,025,849

916,425

The average number of employees during the year was as follows:

2025

2024

Directors

2

2

Shops and service stations

62

63

64

65

2025

2024

£

£

Directors' remuneration

-

-

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

33,426

30,743

Loss on disposal of fixed assets

-

286

Auditors' remuneration

9,000

-

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank loan interest

5,097

7,769

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

455,630

449,016

Deferred tax

8,231

(4,094

)

Tax on profit

463,861

444,922

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

1,841,933

1,758,047

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

460,483

439,512

Effects of:

Expenses not deductible for tax purposes

2,148

4,093

Depreciation in excess of capital allowances

1,230

1,317

Total tax charge

463,861

444,922

The main rate of corporation tax remained at 25%, which is expected to remain unchanged for the foreseeable future.

7.	TANGIBLE FIXED ASSETS

Fixtures,

Freehold

fittings,

land and

Short

tools and

Motor

buildings

leasehold

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

1,006,140

44,657

491,334

98,615

1,640,746

Additions

-

-

53,787

5,300

59,087

At 31 March 2025

1,006,140

44,657

545,121

103,915

1,699,833

DEPRECIATION

At 1 April 2024

85,833

-

342,148

71,400

499,381

Charge for year

5,000

-

20,297

8,129

33,426

At 31 March 2025

90,833

-

362,445

79,529

532,807

NET BOOK VALUE

At 31 March 2025

915,307

44,657

182,676

24,386

1,167,026

At 31 March 2024

920,307

44,657

149,186

27,215

1,141,365

Included in cost of land and buildings is freehold land of £ 756,140 (2024 - £ 756,140 ) which is not depreciated.

8.	INVESTMENT DEVELOPMENT

PROPERTIES

Total

£

FAIR VALUE

At 1 April 2024

8,689,508

Additions

1,889,408

At 31 March 2025

10,578,916

NET BOOK VALUE

At 31 March 2025

10,578,916

At 31 March 2024

8,689,508

Investment development properties consists of properties which are due to be developed by the company in the short and longer term.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

861,994

Cost

9,716,922

10,578,916

The managing director has reviewed the valuation of investment development properties as at the year end. Investment development properties are held at their carrying values.