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REGISTERED NUMBER: SC303033 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Magee Property Design Limited

Magee Property Design Limited (Registered number: SC303033)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Magee Property Design Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs D Magee
Mr N Magee





REGISTERED OFFICE: 65 Valentine Drive
Bridge of Don
Aberdeen
AB22 8YF





REGISTERED NUMBER: SC303033 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Magee Property Design Limited (Registered number: SC303033)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17 578

CURRENT ASSETS
Debtors 5 6,256 6,420
Cash at bank 811 1,469
7,067 7,889
CREDITORS
Amounts falling due within one year 6 6,890 7,453
NET CURRENT ASSETS 177 436
TOTAL ASSETS LESS CURRENT
LIABILITIES

194

1,014

PROVISIONS FOR LIABILITIES 3 110
NET ASSETS 191 904

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 189 902
SHAREHOLDERS' FUNDS 191 904

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

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

Magee Property Design Limited (Registered number: SC303033)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





Mrs D Magee - Director


Magee Property Design Limited (Registered number: SC303033)

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

1. STATUTORY INFORMATION

Magee Property Design 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 represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative costs.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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 2 (2023 - 2 ) .

Magee Property Design Limited (Registered number: SC303033)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 1,700
DEPRECIATION
At 1 June 2023 1,122
Charge for year 561
At 31 May 2024 1,683
NET BOOK VALUE
At 31 May 2024 17
At 31 May 2023 578

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 3,559 2,878
Other debtors 2,697 3,542
6,256 6,420

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 5,119 5,791
Other creditors 1,771 1,662
6,890 7,453

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mrs D Magee
Balance outstanding at start of year 3,542 (1,750 )
Amounts advanced 6,226 9,280
Amounts repaid (7,071 ) (3,988 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,697 3,542

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs D Magee.