MCGUIRE PROPERTIES LTD


Director	MCGUIRE, Philippa Kim


Registered Address	Lakeland Office
	2 Europe Way
	Cockermouth
	CA13 0RJ


Registered Number	11750488 (England and Wales)

Statement of Financial Position
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		9,119		13,679
Investment property	4		176,099		176,099
			185,218		189,778
Current assets
Debtors		1,098		1,054
Cash at bank and on hand		2,287		5,741
		3,385		6,795
Creditors amounts falling due within one year	5	(61,593)		(61,908)
Net current assets (liabilities)			(58,208)		(55,113)
Total assets less current liabilities			127,010		134,665
Creditors amounts falling due after one year	6		(126,370)		(126,370)
Net assets			640		8,295
Capital and reserves
Called up share capital			1		1
Profit and loss account			639		8,294
Shareholders' funds			640		8,295

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 15 July 2026, and are signed on its behalf by:

MCGUIRE, Philippa Kim
Director
Registered Company No. 11750488

MCGUIRE PROPERTIES LTD

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Vehicles	Total
	£	£
Cost or valuation
At 01 February 25	22,798	22,798
At 31 January 26	22,798	22,798
Depreciation and impairment
At 01 February 25	9,119	9,119
Charge for year	4,560	4,560
At 31 January 26	13,679	13,679
Net book value
At 31 January 26	9,119	9,119
At 31 January 25	13,679	13,679

4.	Investment property


		£
	Fair value at 01 February 25	176,099
	At 31 January 26	176,099

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	433	433
Other creditors	60,404	60,865
Accrued liabilities and deferred income	756	610
Total	61,593	61,908

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	126,370	126,370
Total	126,370	126,370

7.	Secured creditors
	Companies house charges are secured on 25th January 2019. The Mortgage works creditors are secured by the investment property on 12 Wistaria road, Gorton, Manchester, M18 8PL. Companies house charges are secured on 25th January 2019. The Mortgage words creditors are secured by the investment property on 5 Knutsford Road Gorton Manchester, M18 7AL.