REGISTERED NUMBER: 02968476 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Mackinlay Simpson Associates Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Patel

REGISTERED OFFICE:

2 Craven Road

Ealing

London

W5 2UA

REGISTERED NUMBER:

02968476 (England and Wales)

FIXED ASSETS

Tangible assets

4

203

406

Investment property

5

1,500,000

1,500,000

1,500,203

1,500,406

CURRENT ASSETS

Debtors

6

18,022

9,011

Cash at bank

44,410

52,198

62,432

61,209

CREDITORS

Amounts falling due within one year

7

370,942

396,991

NET CURRENT LIABILITIES

(308,510

)

(335,782

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,191,693

1,164,624

CREDITORS

Amounts falling due after more than one year

8

(32,300

)

(32,300

)

PROVISIONS FOR LIABILITIES

(90,570

)

(90,570

)

NET ASSETS

1,068,823

1,041,754

CAPITAL AND RESERVES

Called up share capital

11,001

11,001

Fair value reserve

9

656,228

656,228

Retained earnings

401,594

374,525

SHAREHOLDERS' FUNDS

1,068,823

1,041,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 December 2025 and were signed by:

M Patel - Director

1.	STATUTORY INFORMATION

Mackinlay Simpson Associates Ltd 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amount of rent receivable during the period, excluding Value Added Tax.

Investment property

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

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

26,844

DEPRECIATION

At 1 April 2024

26,438

Charge for year

203

At 31 March 2025

26,641

NET BOOK VALUE

At 31 March 2025

203

At 31 March 2024

406

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,500,000

NET BOOK VALUE

At 31 March 2025

1,500,000

At 31 March 2024

1,500,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

17,928

9,011

Other debtors

94

-

18,022

9,011

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

64,962

72,395

Trade creditors

-

1,015

Taxation and social security

14,408

21,501

Other creditors

291,572

302,080

370,942

396,991

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

32,300

32,300

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

656,228