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REGISTERED NUMBER: 13178439 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mackie Financial Holdings Limited

Mackie Financial Holdings Limited (Registered number: 13178439)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Mackie Financial Holdings Limited (Registered number: 13178439)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investments 4 1,508,663 1,476,447

Current assets
Cash at bank 106,489 119,926

Creditors: amounts falling due within
one year

5

222,893

269,266
Net current liabilities (116,404 ) (149,340 )
Total assets less current liabilities 1,392,259 1,327,107

Creditors: amounts falling due after
more than one year

6

261,761

620,701
Net assets 1,130,498 706,406

Capital and reserves
Called up share capital 7 100 100
Retained earnings 1,130,398 706,306
Shareholders' funds 1,130,498 706,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Mackie Financial Holdings Limited (Registered number: 13178439)

Balance Sheet - continued
31 March 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





S B Mackie - Director


Mackie Financial Holdings Limited (Registered number: 13178439)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Mackie Financial Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13178439

Registered office: 71-75 Shelton Street
London
WC2H 9JQ

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at the discounted present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Mackie Financial Holdings Limited (Registered number: 13178439)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost or valuation
At 1 April 2023 1,476,447
Revaluations 32,216
At 31 March 2024 1,508,663
Net book value
At 31 March 2024 1,508,663
At 31 March 2023 1,476,447

Cost or valuation at 31 March 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2023 1,476,447
Valuation in 2024 32,216
1,508,663

5. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 43,053 167,838
Amounts owed to group undertakings 78,111 -
Other creditors 101,729 101,428
222,893 269,266

Mackie Financial Holdings Limited (Registered number: 13178439)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 42,790 334,028
Other creditors 218,971 286,673
261,761 620,701

Creditors include liabilities of £85,843 (2023: £501,866) which are secured by the assets to which they relate as well as a personal guarantee by a director.

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
85 Ordinary £1 85 90
15 Ordinary A £1 15 10
100 100