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REGISTERED NUMBER: SC213720 (Scotland)







Report of the Directors and

Unaudited Financial Statements

For The Year Ended 31st May 2024

for

Mckinnon Holdings Limited

Mckinnon Holdings Limited (Registered number: SC213720)






Contents of the Financial Statements
For The Year Ended 31st May 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5

Report of the Accountants 7

Mckinnon Holdings Limited

Company Information
For The Year Ended 31st May 2024







DIRECTORS: J McCunnie
Mrs J McCunnie
P R McKinnon
P R McKinnon Jnr





SECRETARY: P R McKinnon





REGISTERED OFFICE: c/o Bissett Printers Ltd
8 Cairn Court
Nerston Industrial Estate
East Kilbride
Glasgow
G74 4NB





REGISTERED NUMBER: SC213720 (Scotland)





ACCOUNTANTS: J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

Mckinnon Holdings Limited (Registered number: SC213720)

Report of the Directors
For The Year Ended 31st May 2024

The directors present their report with the financial statements of the company for the year ended 31st May 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st June 2023 to the date of this report.

J McCunnie
Mrs J McCunnie
P R McKinnon
P R McKinnon Jnr

POLITICAL DONATIONS AND EXPENDITURE
There were no political donations made in the financial year 2024 nor 2023.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P R McKinnon Jnr - Director


26th August 2024

Mckinnon Holdings Limited (Registered number: SC213720)

Balance Sheet
31st May 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 981,436 543,687

CURRENT ASSETS
Debtors 5 175 21,738
Cash at bank 27,787 416,022
27,962 437,760
CREDITORS
Amounts falling due within one year 6 (75,370 ) (180,480 )
NET CURRENT (LIABILITIES)/ASSETS (47,408 ) 257,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

934,028

800,967

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 932,928 799,867
SHAREHOLDERS' FUNDS 934,028 800,967

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

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

Mckinnon Holdings Limited (Registered number: SC213720)

Balance Sheet - continued
31st May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th August 2024 and were signed on its behalf by:





P R McKinnon Jnr - Director


Mckinnon Holdings Limited (Registered number: SC213720)

Notes to the Financial Statements
For The Year Ended 31st May 2024

1. STATUTORY INFORMATION

Mckinnon Holdings 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Mckinnon Holdings Limited (Registered number: SC213720)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2024

4. TANGIBLE FIXED ASSETS

The land and buildings have not been depreciated in the year as the annual refurbishment is high in order to maintain the land and buildings at there original level. A new asset has been purchased in the year accounting for the difference in the current & historical values.


20242023
££
Net book value per accounts810,205374,795

Historical cost414,795414,795

5. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Other debtors 175 175

Amounts falling due after more than one year:
Other debtors - 21,563

Aggregate amounts 175 21,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 1,750 330
Taxation and social security 23,001 24,684
Other creditors 50,619 155,466
75,370 180,480

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P R McKinnon.

The ultimate controlling party of McKinnon Holdings Limited is P R McKinnon due to his controlling interest in the company's shareholding.

Mckinnon Holdings Limited

Report of the Accountants to the Directors of
Mckinnon Holdings 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st May 2024 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP


26th August 2024