St Marys Lane Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12713009

St Marys Lane Developments Limited

Filleted Unaudited Financial Statements

31 December 2025

St Marys Lane Developments Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

St Marys Lane Developments Limited

Statement of Financial Position

31 December 2025

	2025		2024
			(restated)
Note	£	£	£	£

Current assets

Stocks		–	3,005,698
Debtors	5	–	450
Cash at bank and in hand		20	25,994
		----	------------
		20	3,032,142

Creditors: amounts falling due within one year	6	97,058		1,191,095
		--------		------------
Net current (liabilities)/assets			( 97,038)		1,841,047
			--------		------------
Total assets less current liabilities			( 97,038)		1,841,047

Creditors: amounts falling due after more than one year	7	–	1,814,094
		--------	------------
Net (liabilities)/assets		( 97,038)	26,953
		--------	------------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		( 97,138)	26,853
		--------	--------
Shareholders (deficit)/funds		( 97,038)	26,953
		--------	--------

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

St Marys Lane Developments Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 24 September 2026 , and are signed on behalf of the board by:

Mr F J Macfarlane

Director

Company registration number: 12713009

St Marys Lane Developments Limited

Notes to the Financial Statements

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 60 Rayleigh Road, Hutton, Brentwood, Essex, CM13 1BA, United Kingdom.

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 financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis, which is dependent upon the continued support of the group. The group has confirmed its intention to provide ongoing financial support to the company for the foreseeable future and to ensure that sufficient funding is available to enable the company to continue trading and meet its liabilities as they fall due. Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Financial instruments

A financial asset or financial liability is recognised only when the entity 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.

4. Average number of employees

During the year the average number of employees was 2 (2024: 2) which consisted of the directors only.

5. Debtors

	2025	2024
		(restated)
	£	£
Amounts owed by group and/or related undertakings	–	450
	----	----

6. Creditors: amounts falling due within one year

	2025	2024
		(restated)
	£	£
Amounts owed to group and/or related undertakings	61,287	1,080,585
Accruals and deferred income	2,650	63,083
Social security and other taxes	3,121	4,481
Other creditors	30,000	42,946
	--------	------------
	97,058	1,191,095
	--------	------------

7. Creditors: amounts falling due after more than one year

	2025	2024
		(restated)
	£	£
Bank loans and overdrafts	–	1,814,094
	----	------------

The loan is secured against the company's assets by fixed and floating charges. The charge was satisfied on 7 February 2025 upon redemption of the loan.

8. Called up share capital

Issued, called up and fully paid

	2025		2024
			(restated)
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. Prior year adjustment

During the year, the directors identified that a property previously classified as an investment property did not meet the definition of investment property under FRS 102, as it was held for development and subsequent sale. The property should therefore have been classified as work in progress within current assets.

Accordingly, the comparative figures have been restated to correct this error. The reclassification has no impact on the company's net assets or profit for the year.

The effect of the restatement was to decrease investment properties and increase work in progress by £3,005,698 at 31 December 2024.

10. Related party transactions

At the balance sheet date the company owed a group undertaking £51,190 (2024: £1,080,584), which is shown amongst creditors. The company has taken advantage of the exception granted under FRS102 section 33.1A not to disclose transactions with wholly owned subsidiaries within the group.

11. Controlling party

The ultimate parent undertaking is Mac Design Holdings Ltd, a company incorporated in England and Wales. The registered office address is 146 New London Road, Chelmsford, Essex, CM2 0AW.