Company Registration No. 09833332 (England and Wales)
M & C Residential Ltd.
Unaudited accounts
for the year ended 30 November 2025
M & C Residential Ltd.
Unaudited accounts
Contents
M & C Residential Ltd.
Company Information
for the year ended 30 November 2025
Directors
Alexandra Blair Paton
Christopher Paton
Company Number
09833332 (England and Wales)
Registered Office
40 Warton Terrace
Newcastle upon Tyne
NE6 5LS
England
Accountants
RAE Business Services (Yorkshire) Limited
167-169 Great Portland Street
5th Floor
London
W1W 5PF
M & C Residential Ltd.
Accountants' report
Accountants' report to the board of directors of M & C Residential Ltd. on the preparation of the unaudited statutory accounts for the year ended 30 November 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
M & C Residential Ltd. for the year ended
30 November 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of M & C Residential Ltd., as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of M & C Residential Ltd. and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M & C Residential Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that M & C Residential Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of M & C Residential Ltd.. You consider that M & C Residential Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of M & C Residential Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
167-169 Great Portland Street
5th Floor
London
W1W 5PF
26 August 2026
M & C Residential Ltd.
Statement of financial position
as at 30 November 2025
Investment property
2,863,000
2,613,000
Cash at bank and in hand
24,535
14,760
Creditors: amounts falling due within one year
(54,178)
(44,053)
Net current assets
852,003
772,050
Total assets less current liabilities
3,715,003
3,385,050
Creditors: amounts falling due after more than one year
(1,564,781)
(1,643,824)
Provisions for liabilities
Deferred tax
(369,206)
(306,706)
Net assets
1,781,016
1,434,520
Called up share capital
100
100
Revaluation reserve
1,107,617
920,117
Profit and loss account
673,299
514,303
Shareholders' funds
1,781,016
1,434,520
For the year ending 30 November 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by
Christopher Paton
Director
Company Registration No. 09833332
M & C Residential Ltd.
Notes to the Accounts
for the year ended 30 November 2025
M & C Residential Ltd. is a private company, limited by shares, registered in England and Wales, registration number 09833332. The registered office is 40 Warton Terrace, Newcastle upon Tyne, NE6 5LS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on cost
Computer equipment
25% on cost
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
M & C Residential Ltd.
Notes to the Accounts
for the year ended 30 November 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2024
9,354
10,243
3,221
22,818
At 30 November 2025
9,354
10,243
3,221
22,818
At 1 December 2024
9,354
10,243
3,221
22,818
At 30 November 2025
9,354
10,243
3,221
22,818
At 30 November 2025
-
-
-
-
Fair value at 1 December 2024
2,613,000
Net gain from fair value adjustments
250,000
At 30 November 2025
2,863,000
The properties were valued on an open market basis by the Director.
Amounts falling due within one year
Other debtors
58,775
7,800
Amounts falling due after more than one year
Other debtors
777,534
793,543
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
46,378
35,205
Other creditors
7,800
8,848
M & C Residential Ltd.
Notes to the Accounts
for the year ended 30 November 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,564,781
1,569,670
Loans from directors
-
74,154
Aggregate of amounts that fall due for payment after five years
1,536,570
1,569,670
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
9
Deferred taxation
2025
2024
Revaluation of investment property
369,206
306,706
Provision at start of year
306,706
238,263
Charged to the profit and loss account
62,500
68,443
Provision at end of year
369,206
306,706
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans to Director
(74,155)
130,685
5,555
50,975
(74,155)
130,685
5,555
50,975
The carried forward balance of £50,975 was fully repaid in Apr2026.
11
Transactions with related parties
Included in long term debtors are amounts of £777,534 (2024 - £793,543) owed by related parties. No interest has been charged (2024 - £37,460 relating to the period 1/1/22 - 30/11/24).
At the year end, the director owed the company £50,975, Including interest of £870. This was fully repaid in April 2026.
12
Average number of employees
During the year the average number of employees was 1 (2024: 1).