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FERGUSON & MENZIES TOPCO LTD

Registered Number
SC758947
(Scotland)

Unaudited Financial Statements for the Period ended
31 March 2024

FERGUSON & MENZIES TOPCO LTD
Company Information
for the period from 15 February 2023 to 31 March 2024

Director

PROUD, John Nicholas

Registered Address

312 Broomloan Road
Glasgow
G51 2JW

Registered Number

SC758947 (Scotland)
FERGUSON & MENZIES TOPCO LTD
Statement of Financial Position
31 March 2024

Notes

2024

£

£

Fixed assets
Investments31,755,650
1,755,650
Creditors amounts falling due within one year4(541,406)
Net current assets (liabilities)(541,406)
Total assets less current liabilities1,214,244
Creditors amounts falling due after one year5(1,214,144)
Net assets100
Capital and reserves
Called up share capital100
Shareholders' funds100
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. SC758947
FERGUSON & MENZIES TOPCO LTD
Notes to the Financial Statements
for the period 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

2024
Average number of employees during the year1
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
Additions1,755,6501,755,650
At 31 March 241,755,6501,755,650
Net book value
At 31 March 241,755,6501,755,650

Notes

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

2024

£
Amounts owed to related parties298,550
Other creditors242,856
Total541,406
5.Creditors: amounts due after one year

2024

£
Other creditors1,214,144
Total1,214,144
6.Related party transactions
As at 31 March 2024, the company owed £200 to the subsidiary company. The loan is interest-free and has no fixed date for repayment. As at 31 March 2024, the company owed £298,350 to an associated company. The loan is interest-free and has no fixed date for repayment.
7.Parent-subsidiary relationships
Ferguson & Menzies Topco Limited is the parent company of Ferguson & Menzies Holdings Limited, and holds 100% control.