IRIS Accounts Production v24.2.0.383 SC651430 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:kWhSC6514302023-01-31SC6514302024-01-31SC6514302023-02-012024-01-31SC6514302022-01-31SC6514302022-02-012023-01-31SC6514302023-01-31SC651430ns15:Scotland2023-02-012024-01-31SC651430ns14:PoundSterling2023-02-012024-01-31SC651430ns10:Director12023-02-012024-01-31SC651430ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC651430ns10:SmallEntities2023-02-012024-01-31SC651430ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC651430ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC651430ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC651430ns10:FullAccounts2023-02-012024-01-31SC651430ns10:Director32023-02-012024-01-31SC651430ns10:RegisteredOffice2023-02-012024-01-31SC651430ns5:CurrentFinancialInstruments2024-01-31SC651430ns5:CurrentFinancialInstruments2023-01-31SC651430ns5:Non-currentFinancialInstruments2024-01-31SC651430ns5:Non-currentFinancialInstruments2023-01-31SC651430ns5:ShareCapital2024-01-31SC651430ns5:ShareCapital2023-01-31SC651430ns5:RetainedEarningsAccumulatedLosses2024-01-31SC651430ns5:RetainedEarningsAccumulatedLosses2023-01-31SC651430ns5:PlantMachinery2023-01-31SC651430ns5:PlantMachinery2023-02-012024-01-31SC651430ns5:PlantMachinery2024-01-31SC651430ns5:PlantMachinery2023-01-31SC651430ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-31SC651430ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-012024-01-31SC651430ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-31SC651430ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-31SC651430ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-31SC651430ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31
REGISTERED NUMBER: SC651430 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

McDougall Property Limited

McDougall Property Limited (Registered number: SC651430)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


McDougall Property Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs F A McDougall
B McDougall





REGISTERED OFFICE: 14 Park Crescent
Inchinnan
PA4 9PW





REGISTERED NUMBER: SC651430 (Scotland)





ACCOUNTANTS: Armstrongs Accounting Services Limited
7 Dunvegan Drive
Newton Mearns
Glasgow
G77 5EB

McDougall Property Limited (Registered number: SC651430)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,473 19,861

CURRENT ASSETS
Debtors 5 71,299 67,623
Cash at bank 40,527 15,041
111,826 82,664
CREDITORS
Amounts falling due within one year 6 42,666 46,952
NET CURRENT ASSETS 69,160 35,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,633

55,573

CREDITORS
Amounts falling due after more than one year 7 (20,890 ) (24,168 )

PROVISIONS FOR LIABILITIES (5,368 ) (3,773 )
NET ASSETS 64,375 27,632

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 64,365 27,622
64,375 27,632

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

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

McDougall Property Limited (Registered number: SC651430)

Balance Sheet - continued
31 January 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 26 September 2024 and were signed on its behalf by:





Mrs F A McDougall - Director


McDougall Property Limited (Registered number: SC651430)

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

1. STATUTORY INFORMATION

McDougall Property 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

McDougall Property Limited (Registered number: SC651430)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 36,919
Additions 15,398
Disposals (11,531 )
At 31 January 2024 40,786
DEPRECIATION
At 1 February 2023 17,058
Charge for year 7,296
Eliminated on disposal (5,041 )
At 31 January 2024 19,313
NET BOOK VALUE
At 31 January 2024 21,473
At 31 January 2023 19,861

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 14,978
Additions 15,080
Disposals (5,349 )
Transfer to ownership (14,978 )
At 31 January 2024 9,731
DEPRECIATION
At 1 February 2023 8,658
Eliminated on disposal (5,041 )
Transfer to ownership (8,658 )
At 31 January 2024 (5,041 )
NET BOOK VALUE
At 31 January 2024 14,772
At 31 January 2023 6,320

McDougall Property Limited (Registered number: SC651430)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 24,377 20,957
Other debtors 46,922 46,666
71,299 67,623

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,103 1,669
Trade creditors 9,157 13,782
Taxation and social security 19,313 2,706
Other creditors 1,093 18,795
42,666 46,952

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 14,168 24,168
Hire purchase contracts 6,722 -
20,890 24,168

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have advanced funds to the company on an interest free basis and without formal repayment terms. The amount owed at 31 January 2024 is £1,093 (2023 £18,795).

The directors are directors and shareholder of Brifi Limited. In the course of the year under review a loan has been provided to Brifi Limited which is interest free and has no formal repayment terms. At 31st January 2024 the amount owed by Brifi Limited was £25,000 (2023 - £45,000).