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Registration number: 08826549

C C McLaughlan Associates Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

C C McLaughlan Associates Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

C C McLaughlan Associates Limited

Company Information

Directors

Mrs Claire McLaughlan

Mr Charles John McLaughlan

Registered office

Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR

Accountants

Tax Innovations Limited Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR

 

C C McLaughlan Associates Limited

(Registration number: 08826549)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

138

138

Current assets

 

Debtors

6

-

593

Cash at bank and in hand

 

123,824

136,027

 

123,824

136,620

Creditors: Amounts falling due within one year

7

(1,524)

(1,108)

Net current assets

 

122,300

135,512

Net assets

 

122,438

135,650

Capital and reserves

 

Called up share capital

10

2

2

Retained earnings

122,436

135,648

Shareholders' funds

 

122,438

135,650

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 June 2025 and signed on its behalf by:
 

.........................................
Mrs Claire McLaughlan
Director

 

C C McLaughlan Associates Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR
United Kingdom

The principal place of business is:
Drovers Way
Old London Road
Stockbridge
Hampshire
SO20 6EL
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

 

C C McLaughlan Associates Limited

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

Straight line at 33% per annum

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 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 unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

C C McLaughlan Associates Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

-

133

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

2,637

2,637

At 31 December 2024

2,637

2,637

Depreciation

At 1 January 2024

2,499

2,499

At 31 December 2024

2,499

2,499

Carrying amount

At 31 December 2024

138

138

At 31 December 2023

138

138

6

Debtors

Current

2024
£

2023
£

Other debtors

-

593

 

-

593

 

C C McLaughlan Associates Limited

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

800

800

Other creditors

724

308

1,524

1,108

8

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £9,500.00 (2023 - £1,000.00) per each A ordinary

9,500

1,000

Interim dividend of £500.00 (2023 - £1,000.00) per each B ordinary

500

1,000

10,000

2,000

 

C C McLaughlan Associates Limited

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

9

Related party transactions

Loans to related parties

2024

Key management
£

Total
£

At start of period

(307)

(307)

Repaid

(416)

(416)

At end of period

(723)

(723)

2023

Key management
£

Total
£

At start of period

109

109

Repaid

(416)

(416)

At end of period

(307)

(307)

Terms of loans to related parties

The balance above is owed to the director at an non-fixed repayment period and at a zero interest rate basis
 

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

A ordinary of £1 each

1

1

1

1

B ordinary of £1 each

1

1

1

1

2

2

2

2