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REGISTERED NUMBER: SC635744 (Scotland)











Unaudited Financial Statements for the Year Ended 31st October 2024

for

Macrebur Holdings Limited

Macrebur Holdings Limited (Registered number: SC635744)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Macrebur Holdings Limited

Company Information
for the Year Ended 31st October 2024







DIRECTORS: N Burnett
T J McCartney
G M Reid





REGISTERED OFFICE: Burnstones
Waterbeck
Lockerbie
DUMFRIESSHIRE
DG11 3HB





REGISTERED NUMBER: SC635744 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Macrebur Holdings Limited (Registered number: SC635744)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,698,792 1,698,792
Tangible assets 5 222,470 222,470
1,921,262 1,921,262

CURRENT ASSETS
Debtors 6 463,340 520,925
Investments 7 4 4
Cash at bank 23,555 24,611
486,899 545,540
CREDITORS
Amounts falling due within one year 8 100 100
NET CURRENT ASSETS 486,799 545,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,408,061

2,466,702

CAPITAL AND RESERVES
Called up share capital 1,140 1,140
Share premium 2,788,306 2,788,306
Retained earnings (381,385 ) (322,744 )
2,408,061 2,466,702

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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th April 2025 and were signed on its behalf by:





N Burnett - Director


Macrebur Holdings Limited (Registered number: SC635744)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Macrebur Holdings 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Amounts written off each asset over the estimated useful life represent cost less residual value.

The assets' residual values are reviewed for impairment if there are any factors that indicate the carrying amount may be impaired.

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the services charged to customers.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.


Macrebur Holdings Limited (Registered number: SC635744)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can estimated reliably.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st November 2023
and 31st October 2024 1,698,792
NET BOOK VALUE
At 31st October 2024 1,698,792
At 31st October 2023 1,698,792

The intangible assets represent the value of Intellectual Property rights acquired in the course of business, and subsequent enhancement expenditure. The rights, consisting of Patents and Trademarks in the United Kingdom and multiple countries and territories. These were assigned to the company by its subsidiary Macrebur Limited for the sum of £1,500,000.

Since acquisition, the company has also spent a further £198,792 (2022 - £560, 2021 - £37,602, 2020 - £160,630) on developing these rights, which values the overall rights on 31st October 2024 at £1,698,792.

In the opinion of the Directors, having undertaken a review and valuation exercise, the valuation is fair as at 31st October 2024.

Macrebur Holdings Limited (Registered number: SC635744)

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

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st November 2023
and 31st October 2024 222,470
NET BOOK VALUE
At 31st October 2024 222,470
At 31st October 2023 222,470

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,951
Amounts owed by group undertakings 463,340 518,974
463,340 520,925

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Shares in group undertakings 4 4

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 100 100