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REGISTERED NUMBER: SC043738 (Scotland)















MCCRINDLE GROUP LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023






MCCRINDLE GROUP LIMITED (REGISTERED NUMBER: SC043738)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCCRINDLE GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: W R McCrindle MBE



SECRETARY: B D Kerr



REGISTERED OFFICE: 126 Meadowfoot Road
West Kilbride
Ayrshire
KA23 9BZ



REGISTERED NUMBER: SC043738 (Scotland)



ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT



BANKERS: Royal Bank of Scotland
69 High Street
Irvine
KA12 0AL

MCCRINDLE GROUP LIMITED (REGISTERED NUMBER: SC043738)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,081,509 2,081,465
Investments 5 90,000 90,000
2,171,509 2,171,465

CURRENT ASSETS
Debtors 6 47,640 30
Cash at bank and in hand 32,428 39,004
80,068 39,034
CREDITORS
Amounts falling due within one year 7 36,658 20,168
NET CURRENT ASSETS 43,410 18,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,214,919

2,190,331

CREDITORS
Amounts falling due after more than one
year

8

(90,000

)

(108,698

)

PROVISIONS FOR LIABILITIES (323 ) (278 )
NET ASSETS 2,124,596 2,081,355

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Revaluation reserve 10 1,817,882 1,817,882
Capital redemption reserve 35,000 35,000
Retained earnings 171,714 128,473
SHAREHOLDERS' FUNDS 2,124,596 2,081,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MCCRINDLE GROUP LIMITED (REGISTERED NUMBER: SC043738)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 director and authorised for issue on 11th September 2024 and were signed by:





W R McCrindle MBE - Director


MCCRINDLE GROUP LIMITED (REGISTERED NUMBER: SC043738)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

McCrindle Group 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 as modified by the revaluation of certain assets.

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 - in accordance with the property
Plant and machinery etc - 25% on cost and 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st January 2023 2,080,000 320,084 2,400,084
Additions - 710 710
At 31st December 2023 2,080,000 320,794 2,400,794
DEPRECIATION
At 1st January 2023 - 318,619 318,619
Charge for year - 666 666
At 31st December 2023 - 319,285 319,285
NET BOOK VALUE
At 31st December 2023 2,080,000 1,509 2,081,509
At 31st December 2022 2,080,000 1,465 2,081,465

MCCRINDLE GROUP LIMITED (REGISTERED NUMBER: SC043738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

The director has considered the fair value of the company's freehold properties at the balance sheet date as follows:

Property at Kilmarnock - £400,000

Property at Ardrossan - £1,680,000

This assessment takes into consideration an external valuation of part of the Ardrossan property which was carried out by Alistair G. Paterson, FRICS, on 14 September 2021.

This was in respect of the fair value of the existing property lease with a third party which was reported at £680,000 as at 31 December 2020. The valuation of the Ardrossan property also takes into consideration an adjacent residential development site which was valued by the director at £1,000,000 as at 31st December 2021 and retained at that level at the 2023 balance sheet date.

The valuation of the Kilmarnock property has been retained at the previous valuation taking into consideration the existing lease with a third party. This valuation was fully realised in a property sale since the balance sheet date.

The formal title to the land in respect of the above properties is held by the wholly owned subsidiary company, McCrindle Tooling Limited (SC058557).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 90,000
NET BOOK VALUE
At 31st December 2023 90,000
At 31st December 2022 90,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 47,640 30

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,637 5,861
Trade creditors - 180
Taxation and social security 15,772 11,580
Other creditors 2,249 2,547
36,658 20,168

MCCRINDLE GROUP LIMITED (REGISTERED NUMBER: SC043738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 18,698
Amounts owed to group undertakings 90,000 90,000
90,000 108,698

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 18,637 24,559

10. RESERVES
Revaluation
reserve
£   
At 1st January 2023
and 31st December 2023 1,817,882

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
W R McCrindle MBE
Balance outstanding at start of year - -
Amounts advanced 42,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,000 -

The loan balance includes interest charged by the company of £437 and has been fully repaid during April 2024.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr W R McCrindle MBE who owns 60% of the share capital.