IRIS Accounts Production v24.2.0.383 04359055 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043590552023-01-31043590552024-01-31043590552023-02-012024-01-31043590552022-01-31043590552022-02-012023-01-31043590552023-01-3104359055ns15:EnglandWales2023-02-012024-01-3104359055ns14:PoundSterling2023-02-012024-01-3104359055ns10:Director12023-02-012024-01-3104359055ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104359055ns10:SmallEntities2023-02-012024-01-3104359055ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3104359055ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104359055ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104359055ns10:FullAccounts2023-02-012024-01-3104359055ns10:Director22023-02-012024-01-3104359055ns10:Director32023-02-012024-01-3104359055ns10:Director42023-02-012024-01-3104359055ns10:CompanySecretary12023-02-012024-01-3104359055ns10:RegisteredOffice2023-02-012024-01-3104359055ns5:CurrentFinancialInstruments2024-01-3104359055ns5:CurrentFinancialInstruments2023-01-3104359055ns5:ShareCapital2024-01-3104359055ns5:ShareCapital2023-01-3104359055ns5:RevaluationReserve2024-01-3104359055ns5:RevaluationReserve2023-01-3104359055ns5:RetainedEarningsAccumulatedLosses2024-01-3104359055ns5:RetainedEarningsAccumulatedLosses2023-01-3104359055ns5:ComputerEquipment2023-02-012024-01-3104359055ns5:ComputerEquipment2023-01-3104359055ns5:ComputerEquipment2024-01-3104359055ns5:ComputerEquipment2023-01-3104359055ns5:CostValuation2023-01-3104359055ns5:ListedExchangeTradedns5:CostValuation2023-01-3104359055ns5:AdditionsToInvestments2024-01-3104359055ns5:ListedExchangeTradedns5:AdditionsToInvestments2024-01-3104359055ns5:DisposalsRepaymentsInvestments2024-01-3104359055ns5:DisposalsRepaymentsInvestmentsns5:ListedExchangeTraded2024-01-3104359055ns5:RevaluationsIncreaseDecreaseInInvestments2024-01-3104359055ns5:ListedExchangeTradedns5:RevaluationsIncreaseDecreaseInInvestments2024-01-3104359055ns5:CostValuation2024-01-3104359055ns5:ListedExchangeTradedns5:CostValuation2024-01-3104359055ns5:ListedExchangeTraded2024-01-3104359055ns5:ListedExchangeTraded2023-01-3104359055ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3104359055ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3104359055ns5:Non-currentFinancialInstruments2024-01-3104359055ns5:Non-currentFinancialInstruments2023-01-3104359055ns5:DeferredTaxation2023-01-3104359055ns5:DeferredTaxation2023-02-012024-01-3104359055ns5:DeferredTaxation2024-01-3104359055ns5:RetainedEarningsAccumulatedLosses2023-01-3104359055ns5:RevaluationReserve2023-01-3104359055ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 04359055 (England and Wales)















The McGrigor Corporation Limited

Unaudited Financial Statements for the Year Ended 31st January 2024






The McGrigor Corporation Limited (Registered number: 04359055)

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


The McGrigor Corporation Limited

Company Information
for the Year Ended 31st January 2024







DIRECTORS: J D B McGrigor
A D B McGrigor
I H J McGrigor
M O D McGrigor





SECRETARY: C McGrigor





REGISTERED OFFICE: Longhouse
St Mary Bourne
Andover
Hampshire
SP11 6EF





REGISTERED NUMBER: 04359055 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

The McGrigor Corporation Limited (Registered number: 04359055)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,412 1,231
Investments 5 193,776 195,974
195,188 197,205

CURRENT ASSETS
Debtors 6 547,215 572,686
Cash at bank 242,305 242,996
789,520 815,682
CREDITORS
Amounts falling due within one year 7 250,643 254,200
NET CURRENT ASSETS 538,877 561,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

734,065

758,687

PROVISIONS FOR LIABILITIES 8 459 1,719
NET ASSETS 733,606 756,968

The McGrigor Corporation Limited (Registered number: 04359055)

Balance Sheet - continued
31st January 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 9 9,736 12,909
Retained earnings 9 723,670 743,859
SHAREHOLDERS' FUNDS 733,606 756,968

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st October 2024 and were signed on its behalf by:





J D B McGrigor - Director


The McGrigor Corporation Limited (Registered number: 04359055)

Notes to the Financial Statements
for the Year Ended 31st January 2024


1. STATUTORY INFORMATION

The McGrigor Corporation Limited 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.

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.

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.
Computer equipment - 25% on cost

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

Listed investments
Listed investments are included at fair value. Gains or losses on revaluation are recognised in the profit and loss account. Deferred taxation is provided at the rate expected to apply when the investments are sold.

Gains on revaluation, less any reversal of earlier gains are transferred to a revaluation reserve.

Realised gains or losses when the investments are sold are transferred from the revaluation reserve to the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


The McGrigor Corporation Limited (Registered number: 04359055)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st February 2023 11,133
Additions 1,131
Disposals (500 )
At 31st January 2024 11,764
DEPRECIATION
At 1st February 2023 9,902
Charge for year 492
Eliminated on disposal (42 )
At 31st January 2024 10,352
NET BOOK VALUE
At 31st January 2024 1,412
At 31st January 2023 1,231

The McGrigor Corporation Limited (Registered number: 04359055)

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


5. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1st February 2023 100 195,874 195,974
Additions - 4,126 4,126
Disposals - (3,368 ) (3,368 )
Revaluations - (2,956 ) (2,956 )
At 31st January 2024 100 193,676 193,776
NET BOOK VALUE
At 31st January 2024 100 193,676 193,776
At 31st January 2023 100 195,874 195,974

Cost or valuation at 31st January 2024 is represented by:

Shares in
group Listed
undertakings investments Totals
£    £    £   
Valuation in 2024 100 193,676 193,776

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 30,000 59,899
Prepayments and accrued income 3,917 2,472
33,917 62,371

Amounts falling due after more than one year:
Other debtors 513,298 510,315

Aggregate amounts 547,215 572,686

The McGrigor Corporation Limited (Registered number: 04359055)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 66,815 66,698
Amounts owed to group undertakings 100 100
Corporation Tax 10,139 46,304
VAT 10,385 8,780
Other creditors 612 1,349
Directors' current accounts 598 9,127
Directors' loan accounts 39,447 82,038
Accruals and deferred income 122,547 39,804
250,643 254,200

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 459 1,719

Deferred
tax
£   
Balance at 1st February 2023 1,719
Provided during year (1,260 )
Balance at 31st January 2024 459

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st February 2023 743,859 12,909 756,768
Profit for the year 42,638 42,638
Dividends (66,000 ) (66,000 )
Transfer 3,173 (3,173 ) -
At 31st January 2024 723,670 9,736 733,406