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REGISTERED NUMBER: SC482671 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2017

for

Mackie Property Investments Limited

Mackie Property Investments Limited (Registered number: SC482671)






Contents of the Financial Statements
for the Year Ended 31 July 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Mackie Property Investments Limited

Company Information
for the Year Ended 31 July 2017







DIRECTORS: Mr W G Mackie
Mr S Mackie





REGISTERED OFFICE: Keltic Accounting Limited
Inverurie Business Hub
Burghmuir Circle, Blackhall Industrial E
Inverurie
Aberdeenshire
AB51 4FS





REGISTERED NUMBER: SC482671 (Scotland)





ACCOUNTANTS: Keltic Accounting Limited
Offices 1 & 8, Unit 1A
Inverurie Business Hub, Burghmuir Circle
Blackhall Industrial Estate
Inverurie
Aberdeenshire
AB51 4FS

Mackie Property Investments Limited (Registered number: SC482671)

Balance Sheet
31 July 2017

31.7.17 31.7.16
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 627,795 624,720

CURRENT ASSETS
Debtors 5 43,297 25,967
Cash at bank 5,000 113
48,297 26,080
CREDITORS
Amounts falling due within one year 6 71,785 42,201
NET CURRENT LIABILITIES (23,488 ) (16,121 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

604,307

608,599

CREDITORS
Amounts falling due after more than one
year

7

588,519

602,672
NET ASSETS 15,788 5,927

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 15,688 5,827
SHAREHOLDERS' FUNDS 15,788 5,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

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.

Mackie Property Investments Limited (Registered number: SC482671)

Balance Sheet - continued
31 July 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 November 2018 and were signed on its behalf
by:





Mr S Mackie - Director


Mackie Property Investments Limited (Registered number: SC482671)

Notes to the Financial Statements
for the Year Ended 31 July 2017

1. STATUTORY INFORMATION

Mackie Property Investments Limited is a private company, limited by shares , registered in Scotland. The
company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31 July 2017 are the first set of financial statements that comply
with FRS 102 Section 1A small entities.The date of transition is 01 August 2015.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting
policies to those used previously, this has not impacted on opening equity or profit for the comparative period so
the reconciliations have not being included.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised
at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at
fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss
account.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Mackie Property Investments Limited (Registered number: SC482671)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2017

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the
instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured
at transaction price including transaction costs and are subsequently carried at amortised cost.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or
when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans, are initially recognised at
transaction price and are subsequently carried at amortised cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Provisions
Provisions are recognised when the Company has an obligation at the reporting date as a result of a past event
which it is probable will result in the transfer of economic benefits and that obligation can be estimated reliably.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of
the time value of money is material, the provision is based on the present value of those amounts, discounted at
the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is
recognised within interest payable and similar charges.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2016 624,720
Additions 3,075
At 31 July 2017 627,795
NET BOOK VALUE
At 31 July 2017 627,795
At 31 July 2016 624,720

The directors have reviewed the valuation at the year end and confirm that the value remains accurate.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.17 31.7.16
£    £   
Trade debtors 13,913 1,597
Other debtors 29,384 24,370
43,297 25,967

Mackie Property Investments Limited (Registered number: SC482671)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.17 31.7.16
£    £   
Bank loans and overdrafts 12,229 11,051
Trade creditors 11,338 1,800
Taxation and social security 41,272 25,100
Other creditors 6,946 4,250
71,785 42,201

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.17 31.7.16
£    £   
Bank loans 348,619 362,772
Other creditors 239,900 239,900
588,519 602,672

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 299,704 318,569

8. SECURED DEBTS

Aldermore Bank hold a standard security over the company's investment property and a floating charge over all
of the assets.

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.7.17 31.7.16
value: £    £   
100 Ordinary 1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2017 and 31 July 2016:

31.7.17 31.7.16
£    £   
Mr S Mackie
Balance outstanding at start of year (119,950 ) (119,950 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (119,950 ) (119,950 )

Mackie Property Investments Limited (Registered number: SC482671)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2017

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr W G Mackie
Balance outstanding at start of year (119,950 ) (119,950 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (119,950 ) (119,950 )

11. RELATED PARTY DISCLOSURES

During the year there were related party transactions with companies in which the director Mr S Mackie is a
majority shareholder, which are summarised below:

At the balance sheet date there was an inter-company balance of £23,950 due from Engineering Solutions &
Rental Limited.

At the balance sheet date there was an inter-company balance of £3,000 due from The Firm of GSI (Partnership).

The loans are interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The directors ultimately control the company by virtue of the fact that they own 100% of the issued share capital.

13. FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention
and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) as at 1st
August 2015.

Reconciliation of equity
No transitional adjustments were required.

Reconciliation of profit or loss for the year
No transitional adjustments were required.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Mackie Property Investments Limited (Registered number: SC482671)

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Mackie Property Investments Limited for the year ended 31 July 2017 which comprise the
Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting
records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Mackie Property Investments 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 Mackie Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of Mackie Property Investments Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. 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.

It is your duty to ensure that Mackie Property Investments 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 Mackie Property Investments Limited. You consider that Mackie Property Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mackie Property Investments 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.






Keltic Accounting Limited
Offices 1 & 8, Unit 1A
Inverurie Business Hub, Burghmuir Circle
Blackhall Industrial Estate
Inverurie
Aberdeenshire
AB51 4FS


12 November 2018