IRIS Accounts Production v24.1.0.578 SC551569 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5515692022-12-31SC5515692023-12-31SC5515692023-01-012023-12-31SC5515692021-12-31SC5515692022-01-012022-12-31SC5515692022-12-31SC551569ns15:Scotland2023-01-012023-12-31SC551569ns14:PoundSterling2023-01-012023-12-31SC551569ns10:Director12023-01-012023-12-31SC551569ns10:Director22023-01-012023-12-31SC551569ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC551569ns10:SmallEntities2023-01-012023-12-31SC551569ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC551569ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC551569ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC551569ns10:AbridgedAccounts2023-01-012023-12-31SC551569ns10:CompanySecretary12023-01-012023-12-31SC551569ns10:RegisteredOffice2023-01-012023-12-31SC551569ns5:CurrentFinancialInstruments2023-12-31SC551569ns5:CurrentFinancialInstruments2022-12-31SC551569ns5:Non-currentFinancialInstruments2023-12-31SC551569ns5:Non-currentFinancialInstruments2022-12-31SC551569ns5:ShareCapital2023-12-31SC551569ns5:ShareCapital2022-12-31SC551569ns5:RetainedEarningsAccumulatedLosses2023-12-31SC551569ns5:RetainedEarningsAccumulatedLosses2022-12-31SC551569ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-31SC551569ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-31SC551569ns5:Secured2023-12-31SC551569ns5:Secured2022-12-31
REGISTERED NUMBER: SC551569 (Scotland)















Abridged Financial Statements for the Year Ended 31 December 2023

for

M&M Investments Ayrshire Limited

M&M Investments Ayrshire Limited (Registered number: SC551569)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M&M Investments Ayrshire Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Mcculloch
M Mcallister





SECRETARY:





REGISTERED OFFICE: 8 Barrwood Gate
Galston
Ayrshire
KA4 8NA





REGISTERED NUMBER: SC551569 (Scotland)





ACCOUNTANT: Alan Carmichael C.A.
1/2
69 Clouston Street
Glasgow
G20 8QW

M&M Investments Ayrshire Limited (Registered number: SC551569)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 811 1,081
Investment property 5 385,929 321,604
386,740 322,685

CURRENT ASSETS
Cash at bank and in hand 3,842 3,986

CREDITORS
Amounts falling due within one year 69,470 63,895
NET CURRENT LIABILITIES (65,628 ) (59,909 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,112

262,776

CREDITORS
Amounts falling due after more than one
year

6

278,910

229,815
NET ASSETS 42,202 32,961

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,102 32,861
SHAREHOLDERS' FUNDS 42,202 32,961

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

M&M Investments Ayrshire Limited (Registered number: SC551569)

Abridged Balance Sheet - continued
31 December 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 Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 August 2024 and were signed on its behalf by:




S Mcculloch - Director



M Mcallister - Director


M&M Investments Ayrshire Limited (Registered number: SC551569)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

M&M Investments Ayrshire 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 year was 2 (2022 - 2 ) .

M&M Investments Ayrshire Limited (Registered number: SC551569)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 1,442
DEPRECIATION
At 1 January 2023 361
Charge for year 270
At 31 December 2023 631
NET BOOK VALUE
At 31 December 2023 811
At 31 December 2022 1,081

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2023 321,604
Additions 64,325
At 31 December 2023 385,929
NET BOOK VALUE
At 31 December 2023 385,929
At 31 December 2022 321,604

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.23 31.12.22
£    £   
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 278,910 229,815

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Other loans 278,910 229,815

8. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.

The ultimate controlling party is the directors..