Company No: 08385822 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

D McGuinness

REGISTERED OFFICE	2 Leman Street
	London
	E1W 9US
	United Kingdom

COMPANY NUMBER

08385822 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Kings House
	101-135 Kings Road
	Brentwood
	Essex
	CM14 4DR
	United Kingdom

	Note	2026		2025
		£		£
Fixed assets
Investment property	3	180,633		180,633
		180,633		180,633
Current assets
Debtors	4	148,374		148,170
Cash at bank and in hand		3,212		4,899
		151,586		153,069
Creditors: amounts falling due within one year	5	( 6,209)		( 8,333)
Net current assets		145,377		144,736
Total assets less current liabilities		326,010		325,369
Creditors: amounts falling due after more than one year	6	0		( 953)
Provision for liabilities		( 9,548)		( 9,548)
Net assets		316,462		314,868
Capital and reserves
Called-up share capital		100		100
Fair value reserve		34,103		34,103
Profit and loss account		282,259		280,665
Total shareholder's funds		316,462		314,868

For the financial 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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of McGuinness Lettings Limited (registered number: 08385822) were approved and authorised for issue by the Director on 23 October 2026. They were signed on its behalf by:

D McGuinness Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

McGuinness Lettings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US , United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents total invoice value of sales made during the year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	3		4

3. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	180,633
As at 31 March 2026	180,633

Investment property was valued on fair value basis on 31 March 2026 by the director.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2026		2025
	£		£
Historic cost	136,983		136,983

4. Debtors

	2026		2025
	£		£
Trade debtors	0		250
Amounts owed by related parties	147,529		147,115
Corporation tax	495		0
Other debtors	350		805
	148,374		148,170

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	996		4,044
Trade creditors	480		0
Other taxation and social security	947		0
Other creditors	3,786		4,289
	6,209		8,333

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

	2026		2025
	£		£
Bank loans	0		953

There are no amounts included above in respect of which any security has been given by the small entity.