Mackenzie Cairns Ltd 13420191 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is os that of the management of real estate on a fee or contract basis Digita Accounts Production Advanced 6.30.9574.0 true true 13420191 2023-06-01 2024-05-31 13420191 2024-05-31 13420191 bus:OrdinaryShareClass1 2024-05-31 13420191 core:CurrentFinancialInstruments 2024-05-31 13420191 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 13420191 core:FurnitureFittingsToolsEquipment 2024-05-31 13420191 bus:SmallEntities 2023-06-01 2024-05-31 13420191 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13420191 bus:FullAccounts 2023-06-01 2024-05-31 13420191 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13420191 bus:RegisteredOffice 2023-06-01 2024-05-31 13420191 bus:Director1 2023-06-01 2024-05-31 13420191 bus:Director2 2023-06-01 2024-05-31 13420191 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 13420191 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13420191 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 13420191 core:OfficeEquipment 2023-06-01 2024-05-31 13420191 countries:EnglandWales 2023-06-01 2024-05-31 13420191 2023-05-31 13420191 core:FurnitureFittingsToolsEquipment 2023-05-31 13420191 2022-06-01 2023-05-31 13420191 2023-05-31 13420191 bus:OrdinaryShareClass1 2023-05-31 13420191 core:CurrentFinancialInstruments 2023-05-31 13420191 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 13420191 core:FurnitureFittingsToolsEquipment 2023-05-31 13420191 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company Registration Number: 13420191 (England and Wales)

Mackenzie Cairns Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Mackenzie Cairns Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Mackenzie Cairns Ltd

Company Information

Directors

Mr G S Gaute

Ms C M M Cairns

Registered office

1-2 Ethorpe Crescent
Gerrards Cross
Buckinghamshire
SL9 8PW

Accountants

Russell Phillips Limited
23 Station Road
Gerrards Cross
Buckinghamshire
SL9 8ES

 

Mackenzie Cairns Ltd

(Registration number: 13420191)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

318

Current assets

 

Debtors

5

387

30

Cash at bank and in hand

 

9,724

15,954

 

10,111

15,984

Creditors: Amounts falling due within one year

6

(924)

(6,043)

Net current assets

 

9,187

9,941

Total assets less current liabilities

 

9,187

10,259

Provisions for liabilities

-

(60)

Net assets

 

9,187

10,199

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

9,185

10,197

Shareholders' funds

 

9,187

10,199

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 June 2024 and signed on its behalf by:
 

.........................................
Mr G S Gaute
Director

 

Mackenzie Cairns Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1-2 Ethorpe Crescent
Gerrards Cross
Buckinghamshire
SL9 8PW

These financial statements were authorised for issue by the Board on 10 June 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Mackenzie Cairns Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Mackenzie Cairns Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Mackenzie Cairns Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

4

Tangible assets

Office equipment
 £

Total
£

Cost or valuation

At 1 June 2023

572

572

Disposals

(572)

(572)

At 31 May 2024

-

-

Depreciation

At 1 June 2023

254

254

Charge for the year

143

143

Eliminated on disposal

(397)

(397)

At 31 May 2024

-

-

Carrying amount

At 31 May 2024

-

-

At 31 May 2023

318

318

5

Debtors

Current

2024
£

2023
£

Prepayments

-

30

Other debtors

387

-

 

387

30

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

4,803

Accruals and deferred income

735

1,050

Other creditors

189

190

924

6,043

 

Mackenzie Cairns Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 May 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary share of £1 each

2

2

2

2

         

8

Dividends

Interim dividends paid

   

2024
£

 

2023
£

Interim dividend of £Nil (2023 - £1.00) per each Ordinary share

 

-

 

20,500