REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 31st January 2024 |
for |
MACKENZIE ENTERPRISES (ELGIN) LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 31st January 2024 |
for |
MACKENZIE ENTERPRISES (ELGIN) LIMITED |
MACKENZIE ENTERPRISES (ELGIN) LIMITED (REGISTERED NUMBER: SC057105) |
Contents of the Financial Statements |
For The Year Ended 31st January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MACKENZIE ENTERPRISES (ELGIN) LIMITED |
Company Information |
For The Year Ended 31st January 2024 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
15-17 High Street |
Kingussie |
Inverness-Shire |
PH21 1HS |
MACKENZIE ENTERPRISES (ELGIN) LIMITED (REGISTERED NUMBER: SC057105) |
Balance Sheet |
31st January 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investment property | 5 |
Current assets |
Debtors | 6 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital |
Revaluation reserve | 8 |
Retained earnings |
Shareholders' funds |
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. |
MACKENZIE ENTERPRISES (ELGIN) LIMITED (REGISTERED NUMBER: SC057105) |
Balance Sheet - continued |
31st January 2024 |
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 |
MACKENZIE ENTERPRISES (ELGIN) LIMITED (REGISTERED NUMBER: SC057105) |
Notes to the Financial Statements |
For The Year Ended 31st January 2024 |
1. | Statutory information |
Mackenzie Enterprises (Elgin) Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
Investment property |
Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit and loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
No depreciation is applied to Investment property. |
The directors valued the investment properties at £502,916, on a fair value basis at 31 January 2024. |
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 (2023 - NIL). |
MACKENZIE ENTERPRISES (ELGIN) LIMITED (REGISTERED NUMBER: SC057105) |
Notes to the Financial Statements - continued |
For The Year Ended 31st January 2024 |
4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1st February 2023 |
Additions |
At 31st January 2024 |
Depreciation |
At 1st February 2023 |
Charge for year |
At 31st January 2024 |
Net book value |
At 31st January 2024 |
At 31st January 2023 |
5. | Investment property |
Total |
£ |
Fair value |
At 1st February 2023 |
Disposals | ( |
) |
At 31st January 2024 |
Net book value |
At 31st January 2024 |
At 31st January 2023 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
MACKENZIE ENTERPRISES (ELGIN) LIMITED (REGISTERED NUMBER: SC057105) |
Notes to the Financial Statements - continued |
For The Year Ended 31st January 2024 |
8. | Reserves |
Revaluation |
reserve |
£ |
At 1st February 2023 |
and 31st January 2024 |
9. | Related party disclosures |
At 31January 2024 the company owed £45,000 to Mackenzie Investments (Elgin) Limited, a company that one of the director's has a significant interest in. This loan is interest free and has no fixed terms of repayment. |