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REGISTERED NUMBER: 06834954 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MCLEAN & SONS LTD

MCLEAN & SONS LTD (REGISTERED NUMBER: 06834954)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MCLEAN & SONS LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mrs K D McLean
R J McLean
H J McLean
G D McLean
E R McLean
T W McLean





REGISTERED OFFICE: Shunters Yard
Station Road
Semley
Shaftesbury
Dorset
SP7 9AH





REGISTERED NUMBER: 06834954 (England and Wales)





AUDITORS: Andrews and Palmer Ltd
Statutory Auditors
32 The Square
Gillingham
Dorset
SP8 4AR

MCLEAN & SONS LTD (REGISTERED NUMBER: 06834954)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,086 9,299
Investment property 5 231,234 -
236,320 9,299

CURRENT ASSETS
Debtors 6 7,523 114,827
Cash at bank 3,248,045 945,495
3,255,568 1,060,322
CREDITORS
Amounts falling due within one year 7 2,739,258 323,028
NET CURRENT ASSETS 516,310 737,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

752,630

746,593

PROVISIONS FOR LIABILITIES 1,272 2,325
NET ASSETS 751,358 744,268

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 751,354 744,264
SHAREHOLDERS' FUNDS 751,358 744,268

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 25 June 2024 and were signed on its behalf by:





Mrs K D McLean - Director


MCLEAN & SONS LTD (REGISTERED NUMBER: 06834954)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

McLean & Sons Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 25% on cost

Investment property
Investment property are measured at fair value annually with any change recognised in the income statement.

Financial instruments
Basic financial instruments are measured at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

MCLEAN & SONS LTD (REGISTERED NUMBER: 06834954)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 40,809 38,090 2,816 81,715
Disposals (29,809 ) - (2,816 ) (32,625 )
At 31 December 2023 11,000 38,090 - 49,090
DEPRECIATION
At 1 January 2023 37,724 31,876 2,816 72,416
Charge for year 142 1,554 - 1,696
Eliminated on disposal (27,292 ) - (2,816 ) (30,108 )
At 31 December 2023 10,574 33,430 - 44,004
NET BOOK VALUE
At 31 December 2023 426 4,660 - 5,086
At 31 December 2022 3,085 6,214 - 9,299

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 231,234
At 31 December 2023 231,234
NET BOOK VALUE
At 31 December 2023 231,234

Included in fair value of investment property is freehold land of £ 231,234 which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 1,802 1,802
Amounts owed from group company - 99,642
VAT 5,721 13,383
7,523 114,827

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 2,732,839 312,064
Taxation and social security 2,357 5,422
Other creditors 4,062 5,542
2,739,258 323,028

MCLEAN & SONS LTD (REGISTERED NUMBER: 06834954)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
4 Ordinary £1 4 4

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Jarratt BA(Hons) ACA (Senior Statutory Auditor)
for and on behalf of Andrews and Palmer Ltd

10. ULTIMATE PARENT COMPANY

The ultimate parent company is McLean Holdings Ltd, a company registered in England and Wales, which is controlled by its directors and which prepares publicly available consolidated group accounts.

The registered office of McLean Holdings Ltd is Shunters Yard, Station Road, Semley, Shaftesbury, Dorset, SP7 9AH.