Company Registration No. SC689331 (Scotland)
MacPherson Property Holdings Limited
Unaudited accounts
for the year ended 29 February 2024
MacPherson Property Holdings Limited
Unaudited accounts
Contents
MacPherson Property Holdings Limited
Company Information
for the year ended 29 February 2024
Directors
M MacPherson
K MacPherson
Company Number
SC689331 (Scotland)
Registered Office
C/O Cmm Accountancy
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
Accountants
CMM Accountancy (Inverness) Limited
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
MacPherson Property Holdings Limited
Statement of financial position
as at 29 February 2024
Investment property
205,038
205,038
Cash at bank and in hand
2,948
2,875
Creditors: amounts falling due within one year
(164,838)
(53,171)
Net current liabilities
(161,890)
(50,296)
Total assets less current liabilities
43,148
154,742
Creditors: amounts falling due after more than one year
(29,467)
(147,101)
Called up share capital
1
1
Profit and loss account
13,680
7,640
Shareholders' funds
13,681
7,641
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 26 November 2024 and were signed on its behalf by
M MacPherson
Director
Company Registration No. SC689331
MacPherson Property Holdings Limited
Notes to the Accounts
for the year ended 29 February 2024
MacPherson Property Holdings Limited is a private company, limited by shares, registered in Scotland, registration number SC689331. The registered office is C/O Cmm Accountancy, The Green House, Beechwood Business Park North, Inverness, IV2 3BL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Average number of employees
During the year the average number of employees was 0 (2023: 0).