IRIS Accounts Production v23.2.0.158 SC663855 director 1.7.22 30.6.23 30.6.23 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC663855 2022-06-30 SC663855 2023-06-30 SC663855 2022-07-01 2023-06-30 SC663855 2021-06-30 SC663855 2021-07-01 2022-06-30 SC663855 2022-06-30 SC663855 ns10:Original ns15:Scotland 2022-07-01 2023-06-30 SC663855 ns14:PoundSterling ns10:Original 2022-07-01 2023-06-30 SC663855 ns10:Original ns10:Director1 2022-07-01 2023-06-30 SC663855 ns10:Original 2022-07-01 2023-06-30 SC663855 ns10:Original 2023-06-30 SC663855 ns10:Original ns10:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC663855 ns10:Original ns10:SmallEntities 2022-07-01 2023-06-30 SC663855 ns10:Original ns10:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC663855 ns10:Original ns10:SmallCompaniesRegimeForDirectorsReport 2022-07-01 2023-06-30 SC663855 ns10:SmallCompaniesRegimeForAccounts ns10:Original 2022-07-01 2023-06-30 SC663855 ns10:Original ns10:FullAccounts 2022-07-01 2023-06-30 SC663855 ns10:Original ns10:RegisteredOffice 2022-07-01 2023-06-30 SC663855 ns10:Original 2022-06-30 SC663855 ns10:Original ns5:CurrentFinancialInstruments 2023-06-30 SC663855 ns10:Original ns5:CurrentFinancialInstruments 2022-06-30 SC663855 ns10:Original ns5:Non-currentFinancialInstruments 2023-06-30 SC663855 ns10:Original ns5:Non-currentFinancialInstruments 2022-06-30 SC663855 ns5:ShareCapital ns10:Original 2023-06-30 SC663855 ns5:ShareCapital ns10:Original 2022-06-30 SC663855 ns10:Original ns5:FurtherSpecificReserve3ComponentTotalEquity 2023-06-30 SC663855 ns10:Original ns5:FurtherSpecificReserve3ComponentTotalEquity 2022-06-30 SC663855 ns10:Original ns5:RetainedEarningsAccumulatedLosses 2023-06-30 SC663855 ns10:Original ns5:RetainedEarningsAccumulatedLosses 2022-06-30 SC663855 ns10:Original 2021-07-01 2022-06-30 SC663855 ns10:Original 2022-06-30 SC663855 ns10:Original ns5:CurrentFinancialInstruments ns5:WithinOneYear 2023-06-30 SC663855 ns10:Original ns5:CurrentFinancialInstruments ns5:WithinOneYear 2022-06-30 SC663855 ns10:Original ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2023-06-30 SC663855 ns10:Original ns5:Non-currentFinancialInstruments ns5:MoreThanFiveYears 2022-06-30 SC663855 ns5:Secured ns10:Original 2023-06-30 SC663855 ns5:Secured ns10:Original 2022-06-30

REGISTERED NUMBER: SC663855 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

MACLAY WEIR LTD

MACLAY WEIR LTD (REGISTERED NUMBER: SC663855)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

MACLAY WEIR LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2023

| DIRECTOR: | Mr J M Floyd

| REGISTERED OFFICE: | International House

| 38 Thistle Street

| Edinburgh

| United Kingdom

| EH2 1EN

| REGISTERED NUMBER: | SC663855 (Scotland)

| ACCOUNTANTS: | Peter Jarman LLP

| trading as

| Peter Jarman & Company

| 1 Harbour House

| Harbour Way

| Shoreham by Sea

| West Sussex

| BN43 5HZ

MACLAY WEIR LTD (REGISTERED NUMBER: SC663855)

BALANCE SHEET

30 JUNE 2023

| 2023 |  | 2022

| Notes | £ | £ |

FIXED ASSETS

Investment property | 4 | 385,000 |  | 385,000 |  |

CURRENT ASSETS

Debtors | 5 | 7,600 |  | 7,025 |  |

Cash at bank | 3,635 |  | 9,922 |  |

11,235 |  | 16,947 |  |

CREDITORS

Amounts falling due within one year | 6 | (863 | ) | (228 | ) |

NET CURRENT ASSETS | 10,372 |  | 16,719 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 395,372 |  | 401,719 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (482,551 | ) | (492,047 | ) |

NET LIABILITIES | (87,179 | ) | (90,328 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 9 | (42,636 | ) | - |  |

Retained earnings | (44,643 | ) | (90,428 | ) |

SHAREHOLDERS' FUNDS | (87,179 | ) | (90,328 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MACLAY WEIR LTD (REGISTERED NUMBER: SC663855)

BALANCE SHEET - continued

30 JUNE 2023

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:

Mr J M Floyd - Director

MACLAY WEIR LTD (REGISTERED NUMBER: SC663855)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

1. | STATUTORY INFORMATION

| Maclay Weir Ltd 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. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover represents rents receivable on investment properties for the accounting period.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2022 - 1 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2022

| and 30 June 2023 | 385,000 |  |

| NET BOOK VALUE

| At 30 June 2023 | 385,000 |  |

| At 30 June 2022 | 385,000 |  |

MACLAY WEIR LTD (REGISTERED NUMBER: SC663855)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2023

4. | INVESTMENT PROPERTY - continued

| Included in fair value of investment property is freehold land of £ 385,000 (2022 - £ 385,000 ) which is not depreciated.

| Fair value at 30 June 2023 is represented by:

£ |

| Valuation in 2021 | 90,000 |  |

| Valuation in 2022 | 295,000 |  |

385,000 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

2023 | 2022 |

£ | £ |

| Cost | 385,000 |  | 424,473 |  |

| Investment property was valued on an open market basis on 30 June 2023 by The director .

| The first property was purchased in March 2021 and has not been revalued at the year end 30th June 2023 as the director does not believe the market value of the property would have changed in this period.

| The second property was purchased in November 2021 and has not been revalued at the year end 30th June 2023 as the director does not believe the market value of the property would have changed in this period.

| The third property was purchased in April 2022 and has not been revalued at the year end 30th June 2023 as the director does not believe the market value of the property would have changed in this period.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Other debtors | 7,600 |  | 7,025 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Other creditors | 863 |  | 228 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2023 | 2022 |

£ | £ |

| Bank loans | 287,933 |  | 253,202 |  |

| Other creditors | 194,618 |  | 238,845 |  |

482,551 |  | 492,047 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans | 287,933 |  | 253,202 |  |

MACLAY WEIR LTD (REGISTERED NUMBER: SC663855)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2023

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2023 | 2022 |

£ | £ |

| Bank loans | 287,933 |  | 253,202 |  |

| The mortgages are secured charges over the assets in the company, including the investment properties.

9. | RESERVES

| Fair

| value

| reserve

£ |

| Non distributable profit | (42,636 | ) |

| At 30 June 2023 | (42,636 | ) |