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REGISTERED NUMBER: SC746309 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MCGRANDLES PROPERTY LTD

MCGRANDLES PROPERTY LTD (REGISTERED NUMBER: SC746309)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


MCGRANDLES PROPERTY LTD (REGISTERED NUMBER: SC746309)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 104,612 -

CURRENT ASSETS
Cash at bank and in hand 25,874 17,690

CREDITORS
Amounts falling due within one year 5 63,851 18,000
NET CURRENT LIABILITIES (37,977 ) (310 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,635

(310

)

CREDITORS
Amounts falling due after more than one
year

6

71,270

-
NET LIABILITIES (4,635 ) (310 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (4,637 ) (312 )
(4,635 ) (310 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Income Statement has not been delivered.

MCGRANDLES PROPERTY LTD (REGISTERED NUMBER: SC746309)

BALANCE SHEET - continued
31 October 2024



The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





G McGrandles - Director


MCGRANDLES PROPERTY LTD (REGISTERED NUMBER: SC746309)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Mcgrandles Property Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC746309

Registered office: 22 Backbrae Street
Kilsyth
North Lanarkshire
G65 0NH

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 104,612
At 31 October 2024 104,612
NET BOOK VALUE
At 31 October 2024 104,612

MCGRANDLES PROPERTY LTD (REGISTERED NUMBER: SC746309)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 4,060 -
Other loans 18,000 18,000
Trade creditors (1 ) -
Directors' current accounts 40,832 -
Accrued expenses 960 -
63,851 18,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 4,060 -
Bank loans - 2-5 years 12,179 -
Bank loans more 5 yr by instal 55,031 -
71,270 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 55,031 -