Macvander Ltd

(Registration number: 07691595)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	107,415
Tangible assets	5	557,944	571,382
		557,944	678,797
Current assets
Stocks	6	5,009	1,525
Debtors	7	793,797	3,662
Cash at bank and in hand		129,607	170,262
		928,413	175,449
Creditors: Amounts falling due within one year	8	(343,532)	(100,580)
Net current assets		584,881	74,869
Total assets less current liabilities		1,142,825	753,666
Creditors: Amounts falling due after more than one year	8	(88,726)	(153,326)
Net assets		1,054,099	600,340
Capital and reserves
Called up share capital		10	10
Retained earnings		1,054,089	600,330
Shareholders' funds		1,054,099	600,340

For the financial period ending 30 November 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 accounts for the period in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 October 2026
 

......................................... Dr M Attariani Director

Macvander Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
4 Bridge Street
Brackley
NN13 7EP

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Macvander Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 30 November 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Over 20 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Macvander Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 30 November 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2024 - 1).

Macvander Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 30 November 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 November 2024	306,900	306,900
Disposals	(306,900)	(306,900)
At 30 November 2025	-	-
Amortisation
At 1 November 2024	199,485	199,485
Amortisation eliminated on disposals	(199,485)	(199,485)
At 30 November 2025	-	-
Carrying amount
At 30 November 2025	-	-
At 31 October 2024	107,415	107,415

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 November 2024	557,944	25,839	583,783
Additions	-	2,617	2,617
Disposals	-	(28,456)	(28,456)
At 30 November 2025	557,944	-	557,944
Depreciation
At 1 November 2024	-	12,401	12,401
Charge for the period	-	4,348	4,348
Eliminated on disposal	-	(16,749)	(16,749)
At 30 November 2025	-	-	-
Carrying amount
At 30 November 2025	557,944	-	557,944
At 31 October 2024	557,944	13,438	571,382

Included within the net book value of land and buildings above is £557,944 (2024 - £557,944) in respect of freehold land and buildings.
 

Macvander Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 30 November 2025

6

Stocks

	2025 £	2024 £
Other inventories	5,009	1,525

7

Debtors

Current	2025 £	2024 £
Trade debtors	1,481	-
Prepayments	3,173	3,662
Other debtors	789,143	-
	793,797	3,662

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	57,697	56,061
Trade creditors		2,677	12,335
Taxation and social security		159,497	15,326
Accruals and deferred income		15,694	1,733
Other creditors		107,967	15,125
		343,532	100,580

Creditors include loans which are secured with a fixed charge covering all property or undertaking of the company.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	88,726	153,326

Creditors include loans which are secured with a fixed charge covering all property or undertaking of the company.

Macvander Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 30 November 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	88,726	153,326

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	57,697	56,061