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Unaudited Financial Statements for the Year Ended 28 February 2018 |
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Mackay Property Lettings Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 28 February 2018 |
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for |
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Mackay Property Lettings Limited |
Mackay Property Lettings Limited (Registered number: 07235073) |
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Contents of the Financial Statements |
for the Year Ended 28 February 2018 |
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Page |
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Company Information | 1 |
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Chartered Certified Accountants' Report | 2 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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Mackay Property Lettings Limited |
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Company Information |
for the Year Ended 28 February 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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2nd Floor, South Wing |
Charringtons House |
The Causeway |
Bishop's Stortford |
Hertfordshire |
CM23 2ER |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Mackay Property Lettings Limited |
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The following reproduces the text of the report prepared for the directors in respect |
of the company's annual unaudited financial statements. In accordance with the |
Companies Act 2006, the company is only required to file a Balance Sheet. Readers |
are cautioned that the Income Statement and certain other primary statements and |
the Report of the Directors are not required to be filed with the Registrar of |
Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have |
prepared for your approval the financial statements of Mackay Property Lettings Limited |
for the year ended 28 February 2018 which comprise the Statement of Income and |
Retained Earnings, Balance Sheet and the related notes from the company's accounting |
records and from information and explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the Board of Directors of Mackay Property Lettings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mackay Property Lettings Limited and state those matters that we have agreed to state to the Board of Directors of Mackay Property Lettings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Mackay Property Lettings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mackay Property Lettings Limited. You consider that Mackay Property Lettings Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Mackay Property Lettings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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2nd Floor, South Wing |
Charringtons House |
The Causeway |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Mackay Property Lettings Limited |
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Bishop's Stortford |
Hertfordshire |
CM23 2ER |
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Date: ............................................. |
Mackay Property Lettings Limited (Registered number: 07235073) |
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Balance Sheet |
28 February 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one
year |
6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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( |
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( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386
and 387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of
the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Mackay Property Lettings Limited (Registered number: 07235073) |
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Balance Sheet - continued |
28 February 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
and were signed on its behalf by: |
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Mackay Property Lettings Limited (Registered number: 07235073) |
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Notes to the Financial Statements |
for the Year Ended 28 February 2018 |
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1. | STATUTORY INFORMATION |
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Mackay Property Lettings Limited is a
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in England and Wales. The company's registered number and registered office |
address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, |
excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Computer equipment | - |
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Financial instruments |
The Company only enters into basic financial instruments transactions that result in |
the recognition of financial assets and liabilities like trade and other debtors and |
creditors, loans from banks and other third parties, loans to related parties and |
investments in non-puttable ordinary shares. |
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Financial assets that are measured at cost and amortised cost are assessed at the |
end of each reporting period for objective evidence of impairment. If objective |
evidence of impairment is found, an impairment loss is recognised in profit or loss. |
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Financial assets and liabilities are offset and the net amount reported in the Balance |
Sheet when there is an enforceable right to set off the recognised amounts and there |
is an intention to settle on a net basis or to realise the asset and settle the liability |
simultaneously. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the |
Income Statement, except to the extent that it relates to items recognised in other |
comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws |
that have been enacted or substantively enacted by the balance sheet date. |
Mackay Property Lettings Limited (Registered number: 07235073) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but |
not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax |
assessments in periods different from those in which they are recognised in financial |
statements. Deferred tax is measured using tax rates and laws that have been |
enacted or substantively enacted by the year end and that are expected to apply to |
the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent |
that it is probable that they will be recovered against the reversal of deferred tax |
liabilities or other future taxable profits. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line |
basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions |
payable to the company's pension scheme are charged to profit or loss in the period |
to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
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COST |
At 1 March 2017 |
and 28 February 2018 |
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DEPRECIATION |
At 1 March 2017 |
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Charge for year |
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At 28 February 2018 |
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NET BOOK VALUE |
At 28 February 2018 |
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At 28 February 2017 |
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Mackay Property Lettings Limited (Registered number: 07235073) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2018 |
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5. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR |
2018 | 2017 |
£ | £ |
Amounts owed by group undertakings |
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Directors' current accounts | 1,600 | - |
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6. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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