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FERGUSON & MENZIES HOLDINGS LIMITED

Registered Number
SC527787
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

FERGUSON & MENZIES HOLDINGS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

PROUD, John Nicholas

Registered Address

312 Broomloan Road Govan
Glasgow
G51 2JW

Registered Number

SC527787 (Scotland)
FERGUSON & MENZIES HOLDINGS LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments32,200,0002,200,000
2,200,0002,200,000
Current assets
Debtors4200200
200200
Creditors amounts falling due within one year5(455,115)(452,640)
Net current assets (liabilities)(454,915)(452,440)
Total assets less current liabilities1,745,0851,747,560
Net assets1,745,0851,747,560
Capital and reserves
Called up share capital200200
Profit and loss account1,744,8851,747,360
Shareholders' funds1,745,0851,747,560
The financial statements were approved and authorised for issue by the Director on 25 July 2024, and are signed on its behalf by:
PROUD, John Nicholas
Director
Registered Company No. SC527787
FERGUSON & MENZIES HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis 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.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The directors have concluded that it continues to be appropriate to present the accounts on a Going Concern basis.
Dividend income
Dividend income is recognised when the right to receive payment is established.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year12
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 232,200,0002,200,000
At 31 March 242,200,0002,200,000
Net book value
At 31 March 242,200,0002,200,000
At 31 March 232,200,0002,200,000

Notes

1Investments in group undertakings and participating interests
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings200-
Other debtors-200
Total200200
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties454,365451,890
Accrued liabilities and deferred income750750
Total455,115452,640
6.Related party transactions
As at 31 March 2024, the company owed £454,365 (2023: £451,890) to the subsidiary company. The loan is interest-free and has no fixed date for repayment. As at 31 March 2024, the company was owed £200 (2023: £nil) from the parent company. The loan is interest-free and has no fixed date for repayment.
7.Controlling party
The controlling party is the parent company (Ferguson & Menzies Topco Limited) which holds 100% control as of 10 August 2023.