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REGISTERED NUMBER: SC063877 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

McCall Bros. (Storage & Property
Services) Limited

McCall Bros. (Storage & Property
Services) Limited (Registered number: SC063877)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


McCall Bros. (Storage & Property
Services) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: D H McCall





REGISTERED OFFICE: 38 Aldton Park
Newton Mearns
Glasgow
G77 5UT





REGISTERED NUMBER: SC063877 (Scotland)





ACCOUNTANTS: CBS Accountancy Solutions Limited
Unit 31, Coatbridge Business Centre
204 Main Street
Coatbridge
ML5 3RB

McCall Bros. (Storage & Property
Services) Limited (Registered number: SC063877)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,054 1,224
Investments 5 191,776 97,936
Investment property 6 1,500,000 1,586,156
1,693,830 1,685,316

CURRENT ASSETS
Debtors 7 21,920 10,279
Cash at bank and in hand 18,639 18,484
40,559 28,763
CREDITORS
Amounts falling due within one year 8 (68,459 ) (59,570 )
NET CURRENT LIABILITIES (27,900 ) (30,807 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,665,930

1,654,509

PROVISIONS FOR LIABILITIES (293,277 ) (290,770 )
NET ASSETS 1,372,653 1,363,739

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 1,085,729 915,143
Retained earnings 286,824 448,496
1,372,653 1,363,739

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 29 April 2025 and were signed by:




D H McCall - Director


McCall Bros. (Storage & Property
Services) Limited (Registered number: SC063877)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

McCall Bros. (Storage & Property Services) 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
No significant judgements have had to be made by management in preparing these financial statements.

The director has made key assumptions in the determination of the fair value of investment properties in respect of the state of the property market in the location where the properties are situated and in respect of the range of reasonable fair value estimates of the assets. The valuation method is further described in Note 6 together with the valuation of the properties at the reporting date.

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
Tangible fixed assets are recognised at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 20% on cost

Investment property
Investment property are measured at fair value. Changes in fair value are recognised in profit or loss.

Financial instruments
Basic financial instruments, including cash, bank balances, debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.

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.

McCall Bros. (Storage & Property
Services) Limited (Registered number: SC063877)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Listed investments are measured at fair value. Changes in fair value are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 102,196
Additions 1,375
At 31 December 2024 103,571
DEPRECIATION
At 1 January 2024 100,972
Charge for year 545
At 31 December 2024 101,517
NET BOOK VALUE
At 31 December 2024 2,054
At 31 December 2023 1,224

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2024 97,936
Additions 83,298
Disposals (2,318 )
Revaluations 12,860
At 31 December 2024 191,776
NET BOOK VALUE
At 31 December 2024 191,776
At 31 December 2023 97,936

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2024 19,609
Cost 172,167
191,776

McCall Bros. (Storage & Property
Services) Limited (Registered number: SC063877)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,586,156
Additions 3,750
Disposals (249,910 )
Revaluations 160,004
At 31 December 2024 1,500,000
NET BOOK VALUE
At 31 December 2024 1,500,000
At 31 December 2023 1,586,156

The fair value of the properties at 31 December 2024 have been arrived at on the basis of a valuation carried out at that date by Mr D H McCall, a director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location.

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 1,358,982
Cost 141,018
1,500,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 4,797 2,482
Other debtors 17,123 7,797
21,920 10,279

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 5,766 7,183
Taxation and social security 32,594 21,962
Other creditors 30,099 30,425
68,459 59,570

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 6,247 -
Between one and five years 9,890 -
16,137 -

McCall Bros. (Storage & Property
Services) Limited (Registered number: SC063877)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. RESERVES
Fair
value
reserve
£   
At 1 January 2024 915,143
Reserve transfer 170,586

At 31 December 2024 1,085,729

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed the director, £22,911 (2023 - £21,429).