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REGISTERED NUMBER: SC289538 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

McIntyre Ross Limited

McIntyre Ross Limited (Registered number: SC289538)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


McIntyre Ross Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: E McIntyre
K G Ross





REGISTERED OFFICE: 1 Ross Avenue
Dalgety Bay
Dunfermline
KY11 9YN





REGISTERED NUMBER: SC289538 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

McIntyre Ross Limited (Registered number: SC289538)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 195,000 195,000

CURRENT ASSETS
Inventories 38,346 38,346
Cash at bank 30,356 19,304
68,702 57,650
CREDITORS
Amounts falling due within one year 5 299,113 296,847
NET CURRENT LIABILITIES (230,411 ) (239,197 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,411

)

(44,197

)

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 6 21,681 21,681
Retained earnings (57,094 ) (65,880 )
(35,411 ) (44,197 )

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





K G Ross - Director


McIntyre Ross Limited (Registered number: SC289538)

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

1. STATUTORY INFORMATION

McIntyre Ross 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

McIntyre Ross Limited (Registered number: SC289538)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 195,000
NET BOOK VALUE
At 31 August 2024 195,000
At 31 August 2023 195,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2007 12,884
Valuation in 2017 8,797
Cost 173,319
195,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 299,113 296,847

6. RESERVES
Fair
value
reserve
£   
At 1 September 2023
and 31 August 2024 21,681