McCallum Properties (Scotland) Ltd SC734998 false 2022-06-09 2023-06-30 2023-06-30 The principal activity of the company is property rental. Digita Accounts Production Advanced 6.30.9574.0 true SC734998 2022-06-09 2023-06-30 SC734998 2023-06-30 SC734998 bus:Director1 1 2023-06-30 SC734998 bus:Director2 1 2023-06-30 SC734998 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC734998 core:ShareCapital 2023-06-30 SC734998 core:CurrentFinancialInstruments 2023-06-30 SC734998 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 SC734998 bus:SmallEntities 2022-06-09 2023-06-30 SC734998 bus:AuditExemptWithAccountantsReport 2022-06-09 2023-06-30 SC734998 bus:FullAccounts 2022-06-09 2023-06-30 SC734998 bus:SmallCompaniesRegimeForAccounts 2022-06-09 2023-06-30 SC734998 bus:RegisteredOffice 2022-06-09 2023-06-30 SC734998 bus:Director1 2022-06-09 2023-06-30 SC734998 bus:Director1 1 2022-06-09 2023-06-30 SC734998 bus:Director2 2022-06-09 2023-06-30 SC734998 bus:Director2 1 2022-06-09 2023-06-30 SC734998 bus:PrivateLimitedCompanyLtd 2022-06-09 2023-06-30 SC734998 bus:Agent1 2022-06-09 2023-06-30 SC734998 countries:Scotland 2022-06-09 2023-06-30 SC734998 bus:Director1 1 2022-06-08 SC734998 bus:Director2 1 2022-06-08 iso4217:GBP xbrli:pure

Registration number: SC734998

McCallum Properties (Scotland) Ltd

Unaudited Filleted Financial Statements

for the Period from 9 June 2022 to 30 June 2023

 

McCallum Properties (Scotland) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

Accountants' Report

6

 

McCallum Properties (Scotland) Ltd

Company Information

Directors

Mr John McCallum

Mrs Clayre McCallum

Registered office

Unit 4B Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

Accountants

Yates & Co CA
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

 

McCallum Properties (Scotland) Ltd

(Registration number: SC734998)
Balance Sheet as at 30 June 2023

Note

2023
£

Current assets

 

Debtors

4

5,100

Cash at bank and in hand

 

325

 

5,425

Creditors: Amounts falling due within one year

5

(6,672)

Net liabilities

 

(1,247)

Capital and reserves

 

Called up share capital

100

Retained earnings

(1,347)

Shareholders' deficit

 

(1,247)

For the financial period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 September 2023 and signed on its behalf by:
 

.........................................
Mr John McCallum
Director

 

McCallum Properties (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Period from 9 June 2022 to 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

It is the opinion of the director(s) that there is reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. For this reason the going concern basis has been adopted in preparing the financial statements for the period ended 30 June 2023.

Tax

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

McCallum Properties (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Period from 9 June 2022 to 30 June 2023

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

 

3

Employees and Directors

The average number of persons employed by the company (including directors) during the period, was 2.

4

Debtors

Current

2023
£

Other debtors

5,100

 

5,100

 

McCallum Properties (Scotland) Ltd

Notes to the Unaudited Financial Statements for the Period from 9 June 2022 to 30 June 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Other creditors

6,672

6

Related party transactions

Transactions with directors

Debtors include the following amounts which are owed from individuals who were directors of the company during the year:

2023

At 9 June 2022
£

Advances to director
£

At 30 June 2023
£

Mr John McCallum

Loan

-

2,550

2,550

       
     

Mrs Clayre McCallum

Loan

-

2,550

2,550

       
     

 

Other creditors include an amount of £6,000 (2022: £nil) which is owed to a related company, McCallum Ceilings (Scotland) Ltd, in which Mr and Mrs McCallum were also directors.

The above loan is repayable on demand.

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
McCallum Properties (Scotland) Ltd
for the Period Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of McCallum Properties (Scotland) Ltd for the period ended 30 June 2023 as set out on pages 2 to 5 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 McCallum Properties (Scotland) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of McCallum Properties (Scotland) Ltd and state those matters that we have agreed to state to the Board of Directors of McCallum Properties (Scotland) Ltd, 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 McCallum Properties (Scotland) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that McCallum Properties (Scotland) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of McCallum Properties (Scotland) Ltd. You consider that McCallum Properties (Scotland) Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of McCallum Properties (Scotland) Ltd. 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 accounts.

......................................

Yates & Co CA
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

22 September 2023