1 March 2023 false No description of principal activity Taxfiler 2024.6 SC721639business:PrivateLimitedCompanyLtd2023-03-012024-02-29 SC7216392023-02-28 SC7216392023-03-012024-02-29 SC721639business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 SC721639business:FilletedAccounts2023-03-012024-02-29 SC7216392024-02-29 SC721639business:Director12023-03-012024-02-29 SC721639business:Director22023-03-012024-02-29 SC721639business:RegisteredOffice2023-03-012024-02-29 SC7216392023-02-28 SC721639core:WithinOneYear2024-02-29 SC721639core:WithinOneYear2023-02-28 SC721639core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC721639core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC721639core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC721639core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC721639core:PreviouslyStatedAmount2024-02-29 SC721639core:PreviouslyStatedAmount2023-02-28 SC721639business:SmallEntities2023-03-012024-02-29 SC721639countries:Scotland2023-03-012024-02-29 SC721639core:LandBuildings2023-03-012024-02-29 SC721639core:PlantMachinery2023-03-012024-02-29 SC721639core:LandBuildings2023-02-28 SC721639core:PlantMachinery2023-02-28 SC721639core:LandBuildings2024-02-29 SC721639core:PlantMachinery2024-02-29 SC7216392022-02-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC721639 (Scotland)
Mc Vey and Burns Property Investment ltd Unaudited accounts for the year ended 29 February 2024
Mc Vey and Burns Property Investment ltd Unaudited accounts Contents
Page
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Mc Vey and Burns Property Investment ltd Company Information for the year ended 29 February 2024
Directors
Steven McVey James Burns
Company Number
SC721639 (Scotland)
Registered Office
80 MAIN STREET ALEXANDRIA G83 0PB UNITED KINGDOM
Accountants
Valorem Virtual Finance Ltd 80 Main Street Alexandria West Dunbartonshire G83 0PB
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Mc Vey and Burns Property Investment ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
110,053 
110,081 
Current assets
Debtors
913 
26,057 
Cash at bank and in hand
645 
36 
1,558 
26,093 
Creditors: amounts falling due within one year
(160,678)
(171,520)
Net current liabilities
(159,120)
(145,427)
Net liabilities
(49,067)
(35,346)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(49,167)
(35,446)
Shareholders' funds
(49,067)
(35,346)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Steven McVey Director Company Registration No. SC721639
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Mc Vey and Burns Property Investment ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Mc Vey and Burns Property Investment ltd is a private company, limited by shares, registered in Scotland, registration number SC721639. The registered office is 80 MAIN STREET, ALEXANDRIA, G83 0PB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Freehold Property 0%
Plant & machinery
33% Reducing Balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
110,000 
111 
110,111 
At 29 February 2024
110,000 
111 
110,111 
Depreciation
At 1 March 2023
- 
30 
30 
Charge for the year
- 
28 
28 
At 29 February 2024
- 
58 
58 
Net book value
At 29 February 2024
110,000 
53 
110,053 
At 28 February 2023
110,000 
81 
110,081 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
913 
26,057 
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Mc Vey and Burns Property Investment ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
159,898 
170,870 
Accruals
780 
650 
160,678 
171,520 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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