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MCKENNA PROPERTY INVESTMENTS LTD

Registered Number
SC750992
(Scotland)

Unaudited Financial Statements for the Period ended
30 November 2023

MCKENNA PROPERTY INVESTMENTS LTD
Company Information
for the period from 21 November 2022 to 30 November 2023

Director

Lana McKenna

Registered Address

110 Eastwoodmains Road
Giffnock
Glasgow
G46 6PW

Registered Number

SC750992 (Scotland)
MCKENNA PROPERTY INVESTMENTS LTD
Balance Sheet as at
30 November 2023

Notes

2023

£

£

ASSETS
Fixed assets
Tangible assets377,621
77,621
Current assets
Cash at bank and in hand19,789
19,789
19,789
97,410
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital(1)
Profit and loss account(4,130)
(4,131)
Liabilities
Creditors amounts falling due within one year52,873
Creditors amounts falling due after one year448,668
97,410
The financial statements were approved and authorised for issue by the Director on 18 February 2025, and are signed on its behalf by:
Lana McKenna
Director
Registered Company No. SC750992
MCKENNA PROPERTY INVESTMENTS LTD
Notes to the Financial Statements
for the period ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from rendering of services
Revenue represents rental income derived from the letting of residential properties and is recognized on a straight-line basis over the term of the lease in accordance with the terms of tenancy agreements.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

2023
Average number of employees during the year1
3.Tangible fixed assets

Total

£
Cost or valuation
Additions77,621
At 30 November 2377,621
Net book value
At 30 November 2377,621
At 20 November 22-
4.Creditors: amounts due after one year

2023

£
Bank borrowings and overdrafts48,668
Total48,668
Creditors due after one year represent amounts payable beyond 12 months from the reporting date. These liabilities are measured at their transaction price and, where applicable, adjusted for financing costs.