Company Registration No. 10427746 (England and Wales)
MCGO PROPERTIES LTD
Unaudited accounts
for the year ended 31 March 2026
MCGO PROPERTIES LTD
Unaudited accounts
Contents
MCGO PROPERTIES LTD
Company Information
for the year ended 31 March 2026
Company Number
10427746 (England and Wales)
Registered Office
5 Hawkhurst Gardens
Romford
RM5 3LT
ENGLAND
Accountants
Trimantic Accountants
1 Victor House
Barnet Road
London Colney
AL2 1BJ
MCGO PROPERTIES LTD
Statement of financial position
as at 31 March 2026
Tangible assets
6,686
13,772
Investment property
5,960,000
5,815,000
Cash at bank and in hand
1,732
6,155
Creditors: amounts falling due within one year
(1,055,458)
(1,133,296)
Net current liabilities
(1,050,782)
(1,123,806)
Total assets less current liabilities
4,915,904
4,704,966
Creditors: amounts falling due after more than one year
(2,157,310)
(2,181,759)
Provisions for liabilities
Deferred tax
(111,986)
(88,287)
Net assets
2,646,608
2,434,920
Called up share capital
102
102
Share premium
2,056,700
2,056,700
Profit and loss account
589,806
378,118
Shareholders' funds
2,646,608
2,434,920
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 director acknowledges her 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 and authorised for issue on 19 September 2026 and were signed on its behalf by
Mrs D McGowan
Director
Company Registration No. 10427746
MCGO PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2026
MCGO PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 10427746. The registered office is 5 Hawkhurst Gardens, Romford, RM5 3LT, 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
3 years straight line
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.
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.
MCGO PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
19,000
119
7,198
26,317
At 31 March 2026
19,000
119
9,668
28,787
At 1 April 2025
10,027
119
2,399
12,545
Charge for the year
6,333
-
3,223
9,556
At 31 March 2026
16,360
119
5,622
22,101
At 31 March 2026
2,640
-
4,046
6,686
At 31 March 2025
8,973
-
4,799
13,772
Fair value at 1 April 2025
5,815,000
At 31 March 2026
5,960,000
Investment properties were valued by mortgage providers and estate agents operating in the vicinity of the investment properties in March 2026. The revalued amounts were recorded in the Profit & Loss account. Deferred taxation was recognised on the revaluation gains.
Included within retained earnings is £477,414 of non-distributable reserves arising from the revaluation of investment properties.
Amounts falling due within one year
Accrued income and prepayments
2,944
3,764
7
Creditors: amounts falling due within one year
2026
2025
Trade creditors
3,572
5,922
Taxes and social security
169
-
Other creditors
19,207
20,792
Loans from directors
1,032,510
1,106,582
MCGO PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2026
8
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
2,157,310
2,181,759
9
Average number of employees
During the year the average number of employees was 3 (2025: 3).