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Registered number: 11861644
McCracken Meek Property Developments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Modus Accountants Ltd
Unit 1c Church Green
Witney
OX28 4YR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11861644
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,249,561 1,462,424
1,249,561 1,462,424
CURRENT ASSETS
Debtors 5 1,020 13,990
Cash at bank and in hand 87,204 106,119
88,224 120,109
Creditors: Amounts Falling Due Within One Year 6 (523,477 ) (536,979 )
NET CURRENT ASSETS (LIABILITIES) (435,253 ) (416,870 )
TOTAL ASSETS LESS CURRENT LIABILITIES 814,308 1,045,554
Creditors: Amounts Falling Due After More Than One Year 7 (799,023 ) (799,022 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,053 ) (57,333 )
NET (LIABILITIES)/ASSETS (1,768 ) 189,199
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve - non distributable profit 9 72,701 244,421
Profit and Loss Account (74,569 ) (55,322 )
SHAREHOLDERS' FUNDS (1,768) 189,199
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Natasha McCracken
Director
24 July 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
McCracken Meek Property Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11861644 . The registered office is 8 Old Road, Whaley Bridge, High Peak, SK23 7HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Computer Equipment 33% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Investment Properties Plant & Machinery Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 April 2025 1,460,000 4,124 3,376 1,467,500
Revaluation (212,000 ) - - (212,000 )
As at 31 March 2026 1,248,000 4,124 3,376 1,255,500
Depreciation
As at 1 April 2025 - 2,546 2,530 5,076
Provided during the period - 394 469 863
As at 31 March 2026 - 2,940 2,999 5,939
Net Book Value
As at 31 March 2026 1,248,000 1,184 377 1,249,561
As at 1 April 2025 1,460,000 1,578 846 1,462,424
5. Debtors
2026 2025
£ £
Due within one year
Prepayments and accrued income 1,020 1,164
Deferred tax current asset - 12,826
1,020 13,990
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Other taxes and social security - 400
Directors' loan accounts 523,477 536,579
523,477 536,979
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 799,023 799,022
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Page 5
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair value reserve - non distributable profit Profit and Loss Account
£ £
As at 1 April 2025 244,421 (55,322 )
Loss for the year and total comprehensive income - (190,967 )
Movements in fair value reserve (171,720) -
Transfer from fair value reserve - 171,720
As at 31 March 2026 72,701 (74,569 )
The Fair Value Reserve represents the cumulative net change in the fair value of investment properties that has been recognised in profit or loss in accordance with applicable accounting standards.
These movements reflect unrealised gains or losses arising from periodic revaluations of the company’s investment properties to their fair market value. As these gains or losses are not the result of a sale or disposal of the underlying assets, they do not constitute realised profits.
Accordingly, the balance on the Fair Value Reserve is not distributable as a dividend to shareholders.
10. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their ownership of 100% of the issued share capital in the company.
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