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REGISTERED NUMBER: SC284167 (Scotland)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Maurice Macneill Iona Limited

Maurice Macneill Iona Limited (Registered number: SC284167)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

Maurice Macneill Iona Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N A Faulkner FRICS
S G Molyneux-Summers





SECRETARY: Janders And Flynn Limited





REGISTERED OFFICE: 13 Whittingehame Drive
Glasgow
G12 0XT





REGISTERED NUMBER: SC284167 (Scotland)





ACCOUNTANTS: AJ Wheeler Limited
338 London Road
Portsmouth
Hampshire
PO2 9JY

Maurice Macneill Iona Limited (Registered number: SC284167)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 186,099 209,361

CURRENT ASSETS
Debtors 5 104,511 90,703
Cash at bank 1,704 26,115
106,215 116,818
CREDITORS
Amounts falling due within one year 6 409,109 364,545
NET CURRENT LIABILITIES (302,894 ) (247,727 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(116,795

)

(38,366

)

CREDITORS
Amounts falling due after more than one year 7 77,401 77,401
NET LIABILITIES (194,196 ) (115,767 )

CAPITAL AND RESERVES
Called up share capital 174 174
Share premium 2,791,542 2,791,542
Retained earnings (2,985,912 ) (2,907,483 )
(194,196 ) (115,767 )

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:




N A Faulkner FRICS - Director


Maurice Macneill Iona Limited (Registered number: SC284167)

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

1. STATUTORY INFORMATION

Maurice Macneill Iona 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 4 (2023 - 4 ) .

Maurice Macneill Iona Limited (Registered number: SC284167)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 232,623
AMORTISATION
At 1 April 2023 23,262
Charge for year 23,262
At 31 March 2024 46,524
NET BOOK VALUE
At 31 March 2024 186,099
At 31 March 2023 209,361

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,265 74,900
Other debtors 8,246 15,803
104,511 90,703

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 48,094 19,422
Amounts owed to group undertakings 82,881 103,589
Taxation and social security 17,928 7,868
Other creditors 260,206 233,666
409,109 364,545

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 77,401 77,401

8. CONTINGENT LIABILITIES

Maurice Macneil Iona Limited has been given parental guarantee to Wild Geese Limited. A franchise payment is due to be paid within the next 10 years.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Wild Geese Limited.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Maurice Macneill Iona Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maurice Macneill Iona Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Maurice Macneill Iona Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Maurice Macneill Iona Limited and state those matters that we have agreed to state to the Board of Directors of Maurice Macneill Iona Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Maurice Macneill Iona Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Maurice Macneill Iona Limited. You consider that Maurice Macneill Iona Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Maurice Macneill Iona Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






AJ Wheeler Limited
338 London Road
Portsmouth
Hampshire
PO2 9JY


Date: .............................................