COMPANY REGISTRATION NUMBER:
13971695
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MJ McCarthy Developments Limited |
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Filleted Unaudited Financial Statements |
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MJ McCarthy Developments Limited |
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Statement of Financial Position |
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31 December 2025
Current assets
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Debtors |
5 |
3,298,199 |
|
2,256,278 |
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Investments |
6 |
2 |
|
5 |
|
Cash at bank and in hand |
3,047,139 |
|
18,319 |
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------------ |
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------------ |
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6,345,340 |
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2,274,602 |
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|
|
|
|
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Creditors: amounts falling due within one year |
7 |
11,678 |
|
2,285,002 |
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------------ |
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------------ |
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Net current assets/(liabilities) |
|
6,333,662 |
(
10,400) |
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|
------------ |
-------- |
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Total assets less current liabilities |
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6,333,662 |
(
10,400) |
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------------ |
-------- |
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Net assets/(liabilities) |
|
6,333,662 |
(
10,400) |
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|
------------ |
-------- |
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|
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Capital and reserves
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Called up share capital |
|
3 |
3 |
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Profit and loss account |
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6,333,659 |
(
10,403) |
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------------ |
-------- |
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Shareholders funds/(deficit) |
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6,333,662 |
(
10,400) |
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------------ |
-------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
22 September 2026
, and are signed on behalf of the board by:
Company registration number:
13971695
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MJ McCarthy Developments Limited |
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Notes to the Financial Statements |
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Year ended 31 December 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is McCarthys of Leeds, Education Road, Leeds, LS7 2AL, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The accounts are prepared on the going concern basis. In view of the net current liabilities, the directors consider this to be wholly appropriate given their continuing support, and the future prospects of the company.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2024: Nil).
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
1,005,136 |
2,211,156 |
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Other debtors |
2,293,063 |
45,122 |
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------------ |
------------ |
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3,298,199 |
2,256,278 |
|
------------ |
------------ |
|
|
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6.
Investments
|
2025 |
2024 |
|
£ |
£ |
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Investments in group undertakings |
2 |
5 |
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---- |
---- |
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7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
– |
7,000 |
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Other creditors |
11,678 |
2,278,002 |
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-------- |
------------ |
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11,678 |
2,285,002 |
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-------- |
------------ |
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8.
Director's advances, credits and guarantees
There were no movements on the directors' loan accounts during the year.
9.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102 section 1A.
10.
Controlling party
The company is controlled by Storage Bods Limited, a company incorporated in England and Wales, the majority shareholder of which is Mrs M McCarthy who is the overall controlling party.