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REGISTERED NUMBER: SC448425 (Scotland)


















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

McFarlane Estates Limited

McFarlane Estates Limited (Registered number: SC448425)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


McFarlane Estates Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mrs P L McFarlane
A McFarlane





REGISTERED OFFICE: Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP





REGISTERED NUMBER: SC448425 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

McFarlane Estates Limited (Registered number: SC448425)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 154,000 229,000

CURRENT ASSETS
Cash at bank 10,628 4,318

CREDITORS
Amounts falling due within one year 5 166,716 215,890
NET CURRENT LIABILITIES (156,088 ) (211,572 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,088

)

17,428

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,188 ) 17,328
SHAREHOLDERS' FUNDS (2,088 ) 17,428

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





A McFarlane - Director


McFarlane Estates Limited (Registered number: SC448425)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

McFarlane Estates 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. 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.

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

Going concern
The status of the company as a going concern is dependent on the continuing support of the company directors.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 229,000
Disposals (75,000 )
At 30 April 2023 154,000
NET BOOK VALUE
At 30 April 2023 154,000
At 30 April 2022 229,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors - 11
Taxation and social security - 973
Other creditors 166,716 214,906
166,716 215,890

6. CONTINGENT LIABILITIES

As at 30 April 2023 the company had no contingent liabilities (2022 - nil).

McFarlane Estates Limited (Registered number: SC448425)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CAPITAL COMMITMENTS

As at 30 April 2023 the company had no capital commitments (2022 - nil).

8. RELATED PARTY DISCLOSURES

As at 30 April 2022 there is a balance in other creditors due to Mrs P McFarlane, director of £80,924 (2022 - £105,049) and Mr A McFarlane, director of £84,424 (2022 - £108,549). There is no fixed repayment date and no interest charged theron.