REGISTERED NUMBER: 10881855 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MC KENNA PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Mc Kenna

Mrs M.B. Mc Hale

REGISTERED OFFICE:

153-155 London Road

Hemel Hempstead

Hertfordshire

HP3 9SQ

REGISTERED NUMBER:

10881855 (England and Wales)

CURRENT ASSETS

Debtors

4

1,453,882

1,111,690

Investments

5

108

108

Cash at bank

11

351

1,454,001

1,112,149

CREDITORS

Amounts falling due within one year

6

1,454,235

1,112,300

NET CURRENT LIABILITIES

(234

)

(151

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(234

)

(151

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(244

)

(161

)

SHAREHOLDERS' FUNDS

(234

)

(151

)

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 directors acknowledge their 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 Board of Directors and authorised for issue on 30 April 2026 and were signed on its behalf by:

G Mc Kenna - Director

1.	STATUTORY INFORMATION

Mc Kenna Property 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.

Going concern

The accounts have been drawn up on a going concern basis (see note to the accounts).

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

1,451,882

1,109,690

Other debtors

2,000

2,000

1,453,882

1,111,690

5.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Shares in group undertakings

108

108

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,454,235

1,112,282

Trade creditors

-

1

Other creditors

-

17

1,454,235

1,112,300

Included in other creditors is a loan for £1,454,235 (2024: £1,112,282). The loan is secured by a fixed and floating charge over the assets of the company and its subsidiary companies.

7.	RELATED PARTY DISCLOSURES

As part of a group reconstruction during the year ended 31st March 2024, Mc Kenna Property Limited became the parent company for:

Cillrua Care Limited

Care Co Plus Limited

Holtwhites Accommodation & Support Services Limited

Ty Gwyn Enderby Limited

G Mckenna and M McHale are directors for all the above companies and Mc Kenna Property Limited own 100% of all the above companies share capital.

8.	GOING CONCERN

The company's accounts have been drawn up on a going concern basis. In November 2025, the company refinanced its loan with repayment terms varying from 18 months to 3 years. The company's ability to continue as a going concern is contingent upon its subsidiary companies trading profitably to enable it to continue to service its loan and, in the longer term, renegotiate the terms of repayment of the loan. The delay in opening a children's home in one of the subsidiary companies has had an impact on cash flow to December 2025. In early 2026, the children's home became operational and has started to trade profitably.