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Company No: SC202143 (Scotland)

ISLE OF MINGAY LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

ISLE OF MINGAY LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

ISLE OF MINGAY LIMITED

BALANCE SHEET

As at 28 February 2025
ISLE OF MINGAY LIMITED

BALANCE SHEET (continued)

As at 28 February 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 48,535 48,535
48,535 48,535
Current assets
Cash at bank and in hand 4 1 1
1 1
Creditors: amounts falling due within one year 5 ( 48,535) ( 48,535)
Net current liabilities (48,534) (48,534)
Total assets less current liabilities 1 1
Net assets 1 1
Capital and reserves
Called-up share capital 6 1 1
Total shareholder's funds 1 1

Isle of Mingay Limited (registered number: SC202143) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The financial statements of Isle of Mingay Limited (registered number: SC202143) were approved and authorised for issue by the Board of Directors on 06 May 2025. They were signed on its behalf by:

Mr E C Bowcott
Director
ISLE OF MINGAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
ISLE OF MINGAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Isle of Mingay Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Bdo Stoy Hayward 4 Atlantic Quay, 70 York Street, Glasgow, G2 8JX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Land and buildings not depreciated
Ordinary share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 March 2024 48,535 48,535
At 28 February 2025 48,535 48,535
Accumulated depreciation
At 01 March 2024 0 0
At 28 February 2025 0 0
Net book value
At 28 February 2025 48,535 48,535
At 29 February 2024 48,535 48,535

4. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 1 1

5. Creditors: amounts falling due within one year

2025 2024
£ £
Other creditors 48,535 48,535

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

7. Related party transactions

Mr E C Bowcott
The company was under the control of Mr E C Bowcott throughout the current and previous year. Mr E C Bowcott is a director and shareholder in Stock Limited. At 28 February 2025 £48,535 (2024: £48,535) was owed to Stock Limited.