Acorah Software Products - Accounts Production 14.5.601 false true true 30 November 2022 1 December 2021 false 1 December 2022 31 December 2023 31 December 2023 SC680618 Mr Robert Moffat Mr Kevin McKay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC680618 2022-11-30 SC680618 2023-12-31 SC680618 2022-12-01 2023-12-31 SC680618 frs-core:CurrentFinancialInstruments 2023-12-31 SC680618 frs-core:Non-currentFinancialInstruments 2023-12-31 SC680618 frs-core:ShareCapital 2023-12-31 SC680618 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC680618 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-12-31 SC680618 frs-bus:FilletedAccounts 2022-12-01 2023-12-31 SC680618 frs-bus:SmallEntities 2022-12-01 2023-12-31 SC680618 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-12-31 SC680618 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-12-31 SC680618 frs-bus:Director1 2022-12-01 2023-12-31 SC680618 frs-bus:Director2 2022-12-01 2023-12-31 SC680618 frs-countries:Scotland 2022-12-01 2023-12-31 SC680618 2021-11-30 SC680618 2022-11-30 SC680618 2021-12-01 2022-11-30 SC680618 frs-core:CurrentFinancialInstruments 2022-11-30 SC680618 frs-core:Non-currentFinancialInstruments 2022-11-30 SC680618 frs-core:ShareCapital 2022-11-30 SC680618 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: SC680618
McKay & Moffat Property Ltd
Unaudited Financial Statements
For the Period 1 December 2022 to 31 December 2023
J Bruce Andrew & Co Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC680618
31 December 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 329,783 329,783
329,783 329,783
CURRENT ASSETS
Cash at bank and in hand 9,565 2,619
9,565 2,619
Creditors: Amounts Falling Due Within One Year 5 (110,400 ) (114,404 )
NET CURRENT ASSETS (LIABILITIES) (100,835 ) (111,785 )
TOTAL ASSETS LESS CURRENT LIABILITIES 228,948 217,998
Creditors: Amounts Falling Due After More Than One Year 6 (230,513 ) (230,514 )
NET LIABILITIES (1,565 ) (12,516 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (1,665 ) (12,616 )
SHAREHOLDERS' FUNDS (1,565) (12,516)
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For the period ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Moffat
Director
Mr Kevin McKay
Director
11/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
McKay & Moffat Property Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC680618 . The registered office is Studio 39, Sir James Clark Building , Abbeymill Business Centre, Paisley, Renfrewshire, PA1 1TJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2022: 2)
2 2
4. Investment Property
31 December 2023
£
Fair Value
As at 1 December 2022 and 31 December 2023 329,783
5. Creditors: Amounts Falling Due Within One Year
31 December 2023 30 November 2022
£ £
Accruals and deferred income 500 1,500
Directors' loan accounts 109,900 112,904
110,400 114,404
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6. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 30 November 2022
£ £
Bank loans 230,513 230,514
230,513 230,514
7. Share Capital
31 December 2023 30 November 2022
£ £
Allotted, Called up and fully paid 100 100
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