IRIS Accounts Production v24.1.4.33 SC638477 director 1.8.22 31.7.23 31.7.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6384772022-07-31SC6384772023-07-31SC6384772022-08-012023-07-31SC6384772021-07-31SC6384772021-08-012022-07-31SC6384772022-07-31SC638477ns15:Scotland2022-08-012023-07-31SC638477ns14:PoundSterling2022-08-012023-07-31SC638477ns10:Director12022-08-012023-07-31SC638477ns10:PrivateLimitedCompanyLtd2022-08-012023-07-31SC638477ns10:SmallEntities2022-08-012023-07-31SC638477ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-31SC638477ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-31SC638477ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-31SC638477ns10:AbridgedAccounts2022-08-012023-07-31SC638477ns10:RegisteredOffice2022-08-012023-07-31SC638477ns5:CurrentFinancialInstruments2023-07-31SC638477ns5:CurrentFinancialInstruments2022-07-31SC638477ns5:Non-currentFinancialInstruments2023-07-31SC638477ns5:Non-currentFinancialInstruments2022-07-31SC638477ns5:ShareCapital2023-07-31SC638477ns5:ShareCapital2022-07-31SC638477ns5:RetainedEarningsAccumulatedLosses2023-07-31SC638477ns5:RetainedEarningsAccumulatedLosses2022-07-31SC638477ns5:FurnitureFittings2022-08-012023-07-31SC638477ns5:Secured2023-07-31SC638477ns5:Secured2022-07-31
REGISTERED NUMBER: SC638477 (Scotland)















Financial Statements For The Year Ended 31 July 2023

for

Mackluci Ltd

Mackluci Ltd (Registered number: SC638477)






Contents of the Financial Statements
For The Year Ended 31 July 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Mackluci Ltd

Company Information
For The Year Ended 31 July 2023







DIRECTOR: Mrs M C Latta





REGISTERED OFFICE: c/o Robb Ferguson
Regent Court
70 West Regent Street
Glasgow
G2 2QZ





REGISTERED NUMBER: SC638477 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Mackluci Ltd (Registered number: SC638477)

Abridged Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,207 4,702
Investment property 5 127,114 127,114
131,321 131,816

CURRENT ASSETS
Cash at bank 804 1,440

CREDITORS
Amounts falling due within one year 58,488 58,860
NET CURRENT LIABILITIES (57,684 ) (57,420 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,637

74,396

CREDITORS
Amounts falling due after more than one
year

6

75,887

77,295
NET LIABILITIES (2,250 ) (2,899 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,350 ) (2,999 )
(2,250 ) (2,899 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Mackluci Ltd (Registered number: SC638477)

Abridged Statement of Financial Position - continued
31 July 2023


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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Mrs M C Latta - Director


Mackluci Ltd (Registered number: SC638477)

Notes to the Financial Statements
For The Year Ended 31 July 2023

1. STATUTORY INFORMATION

Mackluci Ltd 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.

The financial statements have been prepared on the going concern basis. The Director considers that the going concern basis is appropriate as although the company has net liabilities, these are principally represented by sums due to a related company which has confirmed it's continued support.

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.
Fixtures and fittings - 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year 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.

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 year 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.

Mackluci Ltd (Registered number: SC638477)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 4,950
DEPRECIATION
At 1 August 2022 248
Charge for year 495
At 31 July 2023 743
NET BOOK VALUE
At 31 July 2023 4,207
At 31 July 2022 4,702

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 127,114
NET BOOK VALUE
At 31 July 2023 127,114
At 31 July 2022 127,114

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 69,512 66,684

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 77,466 79,886

The Mortgage Works (UK) Plc holds a charge over the property of the company.

Mackluci Ltd (Registered number: SC638477)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2023

8. RELATED PARTY DISCLOSURES

At 31 July 2023 the company owed £53,756 (2022 - £53,472) to Latta Property Limited which is a company
with a common director and shareholder.