Isle of Mingay Limited SC202143 true 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is non trading. Digita Accounts Production Advanced 6.30.9574.0 true Mrs C T Bowcott Mr E C Bowcott Mr E C Bowcott SC202143 2023-03-01 2024-02-29 SC202143 2024-02-29 SC202143 bus:OrdinaryShareClass1 2024-02-29 SC202143 core:ShareCapital 2024-02-29 SC202143 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 SC202143 core:LandBuildings 2024-02-29 SC202143 bus:FRS102 2023-03-01 2024-02-29 SC202143 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC202143 bus:FullAccounts 2023-03-01 2024-02-29 SC202143 bus:RegisteredOffice 2023-03-01 2024-02-29 SC202143 bus:CompanySecretary1 2023-03-01 2024-02-29 SC202143 bus:Director1 2023-03-01 2024-02-29 SC202143 bus:Director2 2023-03-01 2024-02-29 SC202143 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 SC202143 bus:EntityHasNeverTraded 2023-03-01 2024-02-29 SC202143 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC202143 core:OtherRelatedParties 2023-03-01 2024-02-29 SC202143 countries:Scotland 2023-03-01 2024-02-29 SC202143 2023-02-28 SC202143 core:LandBuildings 2023-02-28 SC202143 2023-02-28 SC202143 bus:OrdinaryShareClass1 2023-02-28 SC202143 core:ShareCapital 2023-02-28 SC202143 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 SC202143 core:LandBuildings 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Isle of Mingay Limited

Annual Report and Unaudited Financial Statements
Year Ended 29 February 2024

Registration number: SC202143

 

Isle of Mingay Limited

Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

48,535

48,535

Current assets

 

Cash at bank and in hand

 

1

1

Creditors: Amounts falling due within one year

5

(48,535)

(48,535)

Net current liabilities

 

(48,534)

(48,534)

Net assets

 

1

1

Capital and reserves

 

Called up share capital

6

1

1

Shareholders' funds

 

1

1

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 16 November 2024 and signed on its behalf by:
 

.........................................

Mr E C Bowcott

Director

Company Registration Number: SC202143

 

Isle of Mingay Limited

Notes to the Unaudited Financial Statements

Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
BDO Stoy Hayward 4 Atlantic Quay
70 York Street
Glasgow
G2 8JX
Scotland

These financial statements were authorised for issue by the Board on 16 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Isle of Mingay Limited

Notes to the Unaudited Financial Statements

Year Ended 29 February 2024

3

Tangible assets

Freehold Land
£

Total
£

Cost or valuation

At 1 March 2023

48,535

48,535

At 29 February 2024

48,535

48,535

Depreciation

Carrying amount

At 29 February 2024

48,535

48,535

At 28 February 2023

48,535

48,535

4

Cash and cash equivalents

2024
£

2023
£

Cash at bank

1

1

5

Creditors

2024
£

2023
£

Due within one year

Other creditors

48,535

48,535

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

1 Ordinary shares of £1 each

1

1

1

1

       

7

Related party transactions

Summary of transactions with other related parties

 

Isle of Mingay Limited

Notes to the Unaudited Financial Statements

Year Ended 29 February 2024

Mr E C Bowcott
 The company was under the control of Mr E C Bowcott throughout the current and previous year. Mr E C Bowcott is a director and shareholder in Stock Limited. At 29 February 2024 £48,535 (2023: £48,535) was owed to Stock Limited.