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REGISTERED NUMBER: SC202572 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 March 2024

for

Mcdonalds Residential Care Homes Limited

Mcdonalds Residential Care Homes Limited (Registered number: SC202572)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mcdonalds Residential Care Homes Limited

Company Information
For The Year Ended 31 March 2024







DIRECTOR: D McDonald





REGISTERED OFFICE: 5 Woodhead Drive
Bothwell
Glasgow
G71 8AF





REGISTERED NUMBER: SC202572 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Mcdonalds Residential Care Homes Limited (Registered number: SC202572)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,033,869 1,055,821

CURRENT ASSETS
Debtors 5 112,066 37,520
Cash at bank 318,428 288,831
430,494 326,351
CREDITORS
Amounts falling due within one year 6 230,067 243,847
NET CURRENT ASSETS 200,427 82,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,234,296

1,138,325

PROVISIONS FOR LIABILITIES 52,163 23,641
NET ASSETS 1,182,133 1,114,684

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 239,186 239,186
Retained earnings 942,945 875,496
SHAREHOLDERS' FUNDS 1,182,133 1,114,684

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mcdonalds Residential Care Homes Limited (Registered number: SC202572)

Balance Sheet - continued
31 March 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 director and authorised for issue on 3 December 2024 and were signed by:





D McDonald - Director


Mcdonalds Residential Care Homes Limited (Registered number: SC202572)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mcdonalds Residential Care Homes 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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - at variable rates on reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.


Mcdonalds Residential Care Homes Limited (Registered number: SC202572)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

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

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 23 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,014,010 87,086 1,101,096
DEPRECIATION
At 1 April 2023 - 45,275 45,275
Charge for year 20,280 1,672 21,952
At 31 March 2024 20,280 46,947 67,227
NET BOOK VALUE
At 31 March 2024 993,730 40,139 1,033,869
At 31 March 2023 1,014,010 41,811 1,055,821

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 78,407 37,520
Other debtors 33,659 -
112,066 37,520

Mcdonalds Residential Care Homes Limited (Registered number: SC202572)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 48,127 39,302
Other creditors 181,940 204,545
230,067 243,847

7. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 239,186