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REGISTERED NUMBER: SC399654 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

FOR

LAURENCE MCINTOSH HOLDINGS LIMITED

LAURENCE MCINTOSH HOLDINGS LIMITED (REGISTERED NUMBER: SC399654)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LAURENCE MCINTOSH HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023







DIRECTORS: D MacDonald
Mrs F MacDonald
A Callander



SECRETARY: Mrs F MacDonald



REGISTERED OFFICE: 10 Kings Haugh
Peffermill Road
Edinburgh
EH16 5UY



REGISTERED NUMBER: SC399654 (Scotland)



ACCOUNTANTS: MacDonald Morton Ltd
Chartered Accountants
67 March Road
Edinburgh
EH4 3SU



SOLICITORS: Gillespie Macandrew
5 Atholl Crescent
Edinburgh
EH3 8EJ

LAURENCE MCINTOSH HOLDINGS LIMITED (REGISTERED NUMBER: SC399654)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30.6.23 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 691,733 803,906
Investments 5 1,350,820 350,820
2,042,553 1,154,726

CURRENT ASSETS
Debtors 6 1,207,052 1,094,669
Cash at bank 5,437 4,536
1,212,489 1,099,205
CREDITORS
Amounts falling due within one year 7 212,118 135,997
NET CURRENT ASSETS 1,000,371 963,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,042,924

2,117,934

CREDITORS
Amounts falling due after more than one year 8 1,475,000 1,758,200
NET ASSETS 1,567,924 359,734

CAPITAL AND RESERVES
Called up share capital 1,200,820 820
Share premium 224,642 224,642
Retained earnings 142,462 134,272
SHAREHOLDERS' FUNDS 1,567,924 359,734

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

LAURENCE MCINTOSH HOLDINGS LIMITED (REGISTERED NUMBER: SC399654)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


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 25 March 2024 and were signed on its behalf by:





D MacDonald - Director


LAURENCE MCINTOSH HOLDINGS LIMITED (REGISTERED NUMBER: SC399654)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

1. STATUTORY INFORMATION

Laurence McIntosh Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Laurence McIntosh Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 6.67% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds the following basic financial instruments.

Financial assets
Cash and cash equivalents - comprise cash in hand and deposits held with banks.

Trade and other debtors are initially measured at the undiscounted amounts receivable from a customer, which is normally the invoiced price. Trade and other debtors are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found an impairment loss is recognised.

Financial liabilities
Trade and other creditors are initially measured at the transaction price, including any transaction costs.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


LAURENCE MCINTOSH HOLDINGS LIMITED (REGISTERED NUMBER: SC399654)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 January 2022
and 30 June 2023 1,121,729
DEPRECIATION
At 1 January 2022 317,823
Charge for period 112,173
At 30 June 2023 429,996
NET BOOK VALUE
At 30 June 2023 691,733
At 31 December 2021 803,906

LAURENCE MCINTOSH HOLDINGS LIMITED (REGISTERED NUMBER: SC399654)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022 350,820
Additions 1,000,000
At 30 June 2023 1,350,820
NET BOOK VALUE
At 30 June 2023 1,350,820
At 31 December 2021 350,820

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.12.21
£    £   
Amounts owed by group undertakings 707,052 1,094,669
Other debtors 500,000 -
1,207,052 1,094,669

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.12.21
£    £   
Taxation and social security 25,574 3,593
Other creditors 186,544 132,404
212,118 135,997

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 31.12.21
£    £   
Other creditors 1,475,000 1,758,200

9. OTHER FINANCIAL COMMITMENTS

As at 30 June 2023 the company has future operating lease commitments of £1,186,500.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.