Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31true2022-09-01falseNo description of principal activity77trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC139095 2022-09-01 2023-08-31 SC139095 2021-09-01 2022-08-31 SC139095 2023-08-31 SC139095 2022-08-31 SC139095 c:CompanySecretary1 2022-09-01 2023-08-31 SC139095 c:Director1 2022-09-01 2023-08-31 SC139095 c:Director2 2022-09-01 2023-08-31 SC139095 c:RegisteredOffice 2022-09-01 2023-08-31 SC139095 d:Buildings 2022-09-01 2023-08-31 SC139095 d:Buildings 2023-08-31 SC139095 d:Buildings 2022-08-31 SC139095 d:Buildings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 SC139095 d:MotorVehicles 2022-09-01 2023-08-31 SC139095 d:FurnitureFittings 2022-09-01 2023-08-31 SC139095 d:FurnitureFittings 2023-08-31 SC139095 d:FurnitureFittings 2022-08-31 SC139095 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 SC139095 d:ComputerEquipment 2022-09-01 2023-08-31 SC139095 d:ComputerEquipment 2023-08-31 SC139095 d:ComputerEquipment 2022-08-31 SC139095 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 SC139095 d:OtherPropertyPlantEquipment 2022-09-01 2023-08-31 SC139095 d:OtherPropertyPlantEquipment 2023-08-31 SC139095 d:OtherPropertyPlantEquipment 2022-08-31 SC139095 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 SC139095 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 SC139095 d:Goodwill 2023-08-31 SC139095 d:Goodwill 2022-08-31 SC139095 d:CurrentFinancialInstruments 2023-08-31 SC139095 d:CurrentFinancialInstruments 2022-08-31 SC139095 d:Non-currentFinancialInstruments 2023-08-31 SC139095 d:Non-currentFinancialInstruments 2022-08-31 SC139095 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 SC139095 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 SC139095 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 SC139095 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 SC139095 d:ShareCapital 2023-08-31 SC139095 d:ShareCapital 2022-08-31 SC139095 d:RetainedEarningsAccumulatedLosses 2023-08-31 SC139095 d:RetainedEarningsAccumulatedLosses 2022-08-31 SC139095 c:OrdinaryShareClass1 2022-09-01 2023-08-31 SC139095 c:OrdinaryShareClass1 2023-08-31 SC139095 c:OrdinaryShareClass1 2022-08-31 SC139095 c:FRS102 2022-09-01 2023-08-31 SC139095 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 SC139095 c:FullAccounts 2022-09-01 2023-08-31 SC139095 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC139095










MCLEAN FORTH PROPERTIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

 
MCLEAN FORTH PROPERTIES LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr M Bargeton 
Mrs K Bargeton 




COMPANY SECRETARY
Mr M Bargeton



REGISTERED NUMBER
SC139095



REGISTERED OFFICE
3 Shore Road
Aberdour

Fife

KY3 0TR




ACCOUNTANTS
EQ Accountants Ltd
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
MCLEAN FORTH PROPERTIES LIMITED
REGISTERED NUMBER: SC139095

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 5 
34,028
35,211

  
34,028
35,211

Current assets
  

Debtors: amounts falling due within one year
 6 
624
195

Bank and cash balances
  
141,042
138,209

  
141,666
138,404

Creditors: amounts falling due within one year
 7 
(30,111)
(27,270)

Net current assets
  
 
 
111,555
 
 
111,134

Total assets less current liabilities
  
145,583
146,345

Creditors: amounts falling due after more than one year
 8 
(17,283)
(25,254)

Provisions for liabilities
  

Deferred tax
  
(228)
(325)

  
 
 
(228)
 
 
(325)

Net assets
  
128,072
120,766


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
127,072
119,766

  
128,072
120,766


Page 1

 
MCLEAN FORTH PROPERTIES LIMITED
REGISTERED NUMBER: SC139095

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 January 2024.




Mr M Bargeton
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MCLEAN FORTH PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

McLean Forth Properties Limited is a private company, limited by shares, incorporated in Scotland, registration number SC139095. The registration office is 3 Shore Road, Aberdour, Fife, KY3 0TR.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
MCLEAN FORTH PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
MCLEAN FORTH PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Computer equipment
-
25%
Reducing balance
Property improvements
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 7).

Page 5

 
MCLEAN FORTH PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 September 2022
45,700



At 31 August 2023

45,700



Amortisation


At 1 September 2022
45,700



At 31 August 2023

45,700



Net book value



At 31 August 2023
-



At 31 August 2022
-



Page 6

 
MCLEAN FORTH PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Tangible fixed assets





Freehold property
Property improve-ment
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 September 2022
30,673
3,647
18,728
38,600
91,648


Additions
-
-
-
590
590


Disposals
-
-
(14,299)
(30,521)
(44,820)



At 31 August 2023

30,673
3,647
4,429
8,669
47,418



Depreciation


At 1 September 2022
-
3,647
18,516
34,274
56,437


Charge for the year on owned assets
-
-
53
1,219
1,272


Disposals
-
-
(14,299)
(30,020)
(44,319)



At 31 August 2023

-
3,647
4,270
5,473
13,390



Net book value



At 31 August 2023
30,673
-
159
3,196
34,028



At 31 August 2022
30,673
-
212
4,326
35,211


6.


Debtors

2023
2022
£
£


Prepayments and accrued income
624
195

624
195


Page 7

 
MCLEAN FORTH PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
7,876
7,781

Other taxation and social security
19,840
17,209

Accruals and deferred income
2,395
2,280

30,111
27,270



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
17,283
25,254

17,283
25,254



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



Page 8