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Company Registration No. SC686539 (Scotland)
MCKEOWN INVESTMENT PROPERTY LTD
Financial Statements
for the Period from 01 February 2022 to 31 January 2023

MCKEOWN INVESTMENT PROPERTY LTD

Financial Statements for the period ending 31 January 2023

MCKEOWN INVESTMENT PROPERTY LTD

Financial Statements for the period ending 31 January 2023

Notes to the Accounts

1. Statutory Information
MCKEOWN INVESTMENT PROPERTY LTD is a private company, limited by shares, registered in Scotland, registration number SC686539.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover represents amounts receivable from rental income. Turnover is measured at the agreed rental rate agreed under respective tenancy contracts.

MCKEOWN INVESTMENT PROPERTY LTD

Financial Statements for the period ending 31 January 2023

Notes to the Accounts

Current Tax
The tax expense for the period comprises current and deferred tax.Current tax payable is based on taxable profit for the year. Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted by the reporting date.

MCKEOWN INVESTMENT PROPERTY LTD

Financial Statements for the period ending 31 January 2023

Notes to the Accounts

Deferred Tax
Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the date of the consolidated statement of financial position and are expected to apply when the related deferred income tax asset is realised or the deferred income tax liability is settled.

MCKEOWN INVESTMENT PROPERTY LTD

Financial Statements for the period ending 31 January 2023

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2023 0
2022 0
4. Principal Activity
The principal activity of the business is the buying and selling of own real estate.

MCKEOWN INVESTMENT PROPERTY LTD

Financial Statements for the period ending 31 January 2023

Notes to the Accounts

5. Investment Properties
2023 2022
£ £
Valuation at 01/02/2022 185,000 -
Additions - 176,320
Disposals - -
Transfered (to)/from tangible fixed assets - -
Fair Value adjustments 15,000 8,680
Valuation at 31/01/2023 200,000 185,000