M. Mackney Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01619131 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

M. MACKNEY DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M S Mackney

SECRETARY:

Mrs C A Mackney

REGISTERED OFFICE:

Jackson House

Station Road

Chingford

London

E4 7BU

REGISTERED NUMBER:

01619131 (England and Wales)

ACCOUNTANTS:

Barrow LLP

Chartered Accountants

Jackson House

Station Road

Chingford

London

E4 7BU

FIXED ASSETS

Tangible assets

5

643

844

Investment property

6

465,124

465,767

465,968

CURRENT ASSETS

Debtors

7

3,528

2,758

Cash at bank

374,185

381,550

377,713

384,308

CREDITORS

Amounts falling due within one year

8

(119,266

)

(125,270

)

NET CURRENT ASSETS

258,447

259,038

TOTAL ASSETS LESS CURRENT LIABILITIES

724,214

725,006

CREDITORS

Amounts falling due after more than one year

9

(130,698

)

(144,698

)

PROVISIONS FOR LIABILITIES

(61,037

)

(46,388

)

NET ASSETS

532,479

533,920

CAPITAL AND RESERVES

Called up share capital

11

2

Non-distributable reserve

270,061

Retained earnings

262,416

263,857

SHAREHOLDERS' FUNDS

532,479

533,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2026 and were signed by:

M S Mackney - Director

1.	STATUTORY INFORMATION

M. Mackney Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Changes in accounting policies

The company now reports rental income as its turnover resulting in a restatement of its 2023 accounts.

Turnover

Turnover comprises revenue recognised by the company in respect of the rental income and lease renewals which is receivable during the year.

Turnover represents rental income and lease renewals which is receivable during the period.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment properties are included in the balance sheet at their open market value in accordance with the Financial Reporting Standards for Smaller Entities (Effective January 2015) and are not depreciated. This is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, 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.

Other financial instruments 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. 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.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Retained Earnings, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 October 2024

and 30 September 2025

5,419

20,238

25,657

DEPRECIATION

At 1 October 2024

5,227

19,586

24,813

Charge for year

38

163

201

At 30 September 2025

5,265

19,749

25,014

NET BOOK VALUE

At 30 September 2025

154

489

643

At 30 September 2024

192

652

844

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

465,124

NET BOOK VALUE

At 30 September 2025

465,124

At 30 September 2024

465,124

Fair value at 30 September 2025 is represented by:

£

Valuation in 2014

210,061

Valuation in 2015

10,000

Valuation in 2016

25,000

Valuation in 2017

10,000

Valuation in 2018

5,000

Valuation in 2019

5,000

Valuation in 2021

5,000

Cost

195,063

465,124

Investment property was valued on a open market basis on 30 September 2025 by the directors.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

3,208

2,453

Other debtors

320

305

3,528

2,758

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Taxation and social security

919

3,598

Other creditors

118,347

121,672

119,266

125,270

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

Bank loans

130,698

144,698

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

Bank loans

130,698

144,698

The bank loan is secured on the company's assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

2

Ordinary

£1

2