1 May 2022 false Taxfiler 2023.11.1 SC191039business:PrivateLimitedCompanyLtd2022-05-012023-03-31 SC1910392022-04-30 SC1910392022-05-012023-03-31 SC191039business:AuditExemptWithAccountantsReport2022-05-012023-03-31 SC191039business:FilletedAccounts2022-05-012023-03-31 SC1910392023-03-31 SC191039business:Director12022-05-012023-03-31 SC191039business:Director42022-05-012023-03-31 SC191039business:Director52022-05-012023-03-31 SC191039business:RegisteredOffice2022-05-012023-03-31 SC1910392022-04-30 SC191039core:WithinOneYear2023-03-31 SC191039core:WithinOneYear2022-04-30 SC191039core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC191039core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 SC191039core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC191039core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 SC191039core:PreviouslyStatedAmount2023-03-31 SC191039core:PreviouslyStatedAmount2022-04-30 SC191039business:SmallEntities2022-05-012023-03-31 SC191039countries:Scotland2022-05-012023-03-31 SC191039core:LandBuildings2022-05-012023-03-31 SC191039core:FurnitureFittings2022-05-012023-03-31 SC191039core:ComputerEquipment2022-05-012023-03-31 SC191039core:LandBuildings2022-04-30 SC191039core:FurnitureFittings2022-04-30 SC191039core:ComputerEquipment2022-04-30 SC191039core:LandBuildings2023-03-31 SC191039core:FurnitureFittings2023-03-31 SC191039core:ComputerEquipment2023-03-31 SC1910392021-05-012022-04-30 iso4217:GBP xbrli:pure
Company Registration No. SC191039 (Scotland)
McCrea Financial Services Ltd. Unaudited accounts for the period from 1 May 2022 to 31 March 2023
McCrea Financial Services Ltd. Unaudited accounts Contents
Page
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McCrea Financial Services Ltd. Company Information for the period from 1 May 2022 to 31 March 2023
Directors
D McCrea S Harding G Beaumont
Company Number
SC191039 (Scotland)
Registered Office
3rd Floor Moncrieff House 69 West Nile Street Glasgow G1 2QB
Accountants
Taxman Solutions 42 Hayston Road Cumbernauld Glasgow G68 0BS
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McCrea Financial Services Ltd. Accountants' report
Accountants' report to the board of directors of McCrea Financial Services Ltd. on the preparation of the unaudited statutory accounts for the period from 1 May 2022 to 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of McCrea Financial Services Ltd. for the period from 1 May 2022 to 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of McCrea Financial Services Ltd., as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of McCrea Financial Services Ltd. and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than McCrea Financial Services Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that McCrea Financial Services 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 profit of McCrea Financial Services Ltd.. You consider that McCrea Financial Services 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 McCrea Financial Services 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.
Taxman Solutions 42 Hayston Road Cumbernauld Glasgow G68 0BS 18 December 2023
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McCrea Financial Services Ltd. Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
51,263 
56,366 
Current assets
Inventories
41,542 
58,208 
Debtors
140,159 
127,206 
Cash at bank and in hand
101,744 
221,331 
283,445 
406,745 
Creditors: amounts falling due within one year
(183,814)
(294,198)
Net current assets
99,631 
112,547 
Total assets less current liabilities
150,894 
168,913 
Provisions for liabilities
Other provisions
(876)
- 
Net assets
150,018 
168,913 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
140,018 
158,913 
Shareholders' funds
150,018 
168,913 
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2023 and were signed on its behalf by
G Beaumont Director Company Registration No. SC191039
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McCrea Financial Services Ltd. Notes to the Accounts for the period from 1 May 2022 to 31 March 2023
1
Statutory information
McCrea Financial Services Ltd. is a private company, limited by shares, registered in Scotland, registration number SC191039. The registered office is 3rd Floor Moncrieff House, 69 West Nile Street, Glasgow, G1 2QB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on a straight line basis
Fixtures & fittings
20% on a straight line basis
Computer equipment
25% on a straight line basis
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2022
23,896 
60,453 
95,028 
179,377 
Additions
- 
1,778 
12,200 
13,978 
Disposals
- 
(15,739)
- 
(15,739)
At 31 March 2023
23,896 
46,492 
107,228 
177,616 
Depreciation
At 1 May 2022
8,862 
53,598 
60,551 
123,011 
Charge for the period
2,190 
2,603 
12,125 
16,918 
On disposals
- 
(13,576)
- 
(13,576)
At 31 March 2023
11,052 
42,625 
72,676 
126,353 
Net book value
At 31 March 2023
12,844 
3,867 
34,552 
51,263 
At 30 April 2022
15,034 
6,855 
34,477 
56,366 
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McCrea Financial Services Ltd. Notes to the Accounts for the period from 1 May 2022 to 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,267 
13,185 
Accrued income and prepayments
117,892 
114,021 
140,159 
127,206 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
73,273 
47,758 
Taxes and social security
78,346 
135,178 
Other creditors
3,264 
14,405 
Loans from directors
- 
24,059 
Accruals
19,125 
70,856 
Deferred income
9,806 
1,942 
183,814 
294,198 
7
Controlling party
The immediate parent company of McCrea Financial Services Ltd. is One Four Nine Wealth Holdings Limited, a company registered in England and Wales. The ultimate controlling company of One Four Nine Wealth Holdings Limited was One Four Nine Group Limited, a company registered in England and Wales. The ultimate controlling company is Copper Street Capital LLP, a company registered in England and Wales. The ultimate controlling party is Mr Jerry Del Missier by virtue of his control over Copper Street Capital LLP. One Four Nine Group Limited group is the smallest group into which the Company’s financial statements are consolidated and One Four Nine Holdings is the largest group. Copies of the financial statements of One Four Nine Group Limited may be obtained from Companies House.
8
Average number of employees
During the period the average number of employees was 28 (2022: 28).
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