Registration number: 09194123

McGurk Properties Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

McGurk Properties Limited

(Registration number: 09194123)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	670,464
Investment property	5	670,464	-
		670,464	670,464
Current assets
Cash at bank and in hand		76	76
Creditors: Amounts falling due within one year	6	(652,077)	(652,077)
Net current liabilities		(652,001)	(652,001)
Net assets		18,463	18,463
Capital and reserves
Called up share capital		100	100
Retained earnings		18,363	18,363
Shareholders' funds		18,463	18,463

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 January 2026 and signed on its behalf by:
 

L J Rowe Director

McGurk Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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:
7 St. Albans Road
Gloucester
Gloucestershire
GL2 5FW
England

These financial statements were authorised for issue by the Board on 14 January 2026.

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.

These financial statements have been prepared in accordance with FRS 102 Section 1A, having previously been prepared under FRS 105. The transition has not resulted in any changes to the amounts reported in the financial statements.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. As at the date of signing the financial statements, the directors confirms that the company is in a position to meet its liabilities for a period of 12 months and that there are no foreseeable events which may give rise to liabilities which exceeds the company’s ability to pay.

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.

McGurk Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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
Freehold land and building	Nil

No depreciation is provided on freehold land and buildings as its carrying amount is considered to be in excess of its recoverable amount and is reviewed periodically for impairment.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors 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.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

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 year, was 2 (2024 - 2).

McGurk Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4	Tangible assets

	Freehold land and buildings £	Total £
Cost or valuation
At 1 March 2024	670,464	670,464
Transfer to investment property	(670,464)	(670,464)
At 28 February 2025	-	-
Carrying amount
At 28 February 2025	-	-
At 29 February 2024	670,464	670,464

5	Investment properties

	2025 £
Transfer from tangible assets	670,464
At 28 February	670,464

The investment property is stated at market value as derived by the directors at 28 February 2025.

6

Creditors

	Note	2025 £	2024 £
Due within one year
Amounts due to related parties	7	649,683	649,683
Other creditors		2,187	2,187
Corporation tax liability		207	207
		652,077	652,077

McGurk Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7	Related party transactions

Summary of transactions with subsidiaries

The company has taken advantage of the exemption available under section 1AC.35 of Financial Reporting Standard 102, not to disclose transactions with other wholly owned members of this group.

The company has entered into a cross-company guarantee in respect of loans and overdrafts for all companies within the McGurk Group Limited group. The guarantee is limited to an amount equal to the company’s net assets as at the reporting date. No amounts have been called under this guarantee during the year.

8	Parent and ultimate parent undertaking

The company's ultimate parent company McGurk Group Limited produce consolidated accounts.

  These financial statements are available upon request from 7 St.Albans Road, Gloucester, Gloucestershire, GL1 1UN