REGISTERED NUMBER: NI624159 (Northern Ireland)

Financial Statements

for the Year Ended 31 October 2025

for

McGuinness Fleck Estate Agents Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S McFlynn

REGISTERED OFFICE:

7 Pattons Lane

Holywood

Co. Down

BT18 9FX

REGISTERED NUMBER:

NI624159 (Northern Ireland)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Suite 2B

Cadogan House

322 Lisburn Road

Belfast

Co. Antrim

BT9 6GH

BANKERS:

Danske Bank

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

144

180

144

180

CURRENT ASSETS

Debtors

6

60,215

69,905

Cash at bank

7,717

17,696

67,932

87,601

CREDITORS

Amounts falling due within one year

7

44,837

48,499

NET CURRENT ASSETS

23,095

39,102

TOTAL ASSETS LESS CURRENT LIABILITIES

23,239

39,282

CAPITAL AND RESERVES

Called up share capital

22

22

Retained earnings

23,217

39,260

SHAREHOLDERS' FUNDS

23,239

39,282

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 July 2026 and were signed by:

S McFlynn - Director

1.	STATUTORY INFORMATION

McGuinness Fleck Estate Agents Ltd is a private company, limited by shares , registered in Northern Ireland. 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 invoiced sales.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

At the balance sheet date, the company's net liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 November 2024

and 31 October 2025

2,357

AMORTISATION

At 1 November 2024

and 31 October 2025

2,357

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

and 31 October 2025

330

DEPRECIATION

At 1 November 2024

150

Charge for year

36

At 31 October 2025

186

NET BOOK VALUE

At 31 October 2025

144

At 31 October 2024

180

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

£

Trade debtors

-

2,922

Amounts owed by group undertakings

60,193

66,961

Other debtors

22

22

60,215

69,905

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

£

Other loans

4,622

12,577

Payments on account

7,750

4,750

Tax

14,574

21,432

VAT

4,503

3,045

Accruals and deferred income

13,388

6,695

44,837

48,499