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REGISTERED NUMBER: 07594724 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MCKINNON HARRIS UK LIMITED

MCKINNON HARRIS UK LIMITED (REGISTERED NUMBER: 07594724)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MCKINNON HARRIS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: W M Massie Jr
K R Dail Jr





SECRETARY: W M Massie Jr





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 07594724 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

MCKINNON HARRIS UK LIMITED (REGISTERED NUMBER: 07594724)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 30,408 38,010

CURRENT ASSETS
Debtors 5 52,121 50,611
Cash at bank 180,133 361,725
232,254 412,336
CREDITORS
Amounts falling due within one year 6 623,117 1,255,197
NET CURRENT LIABILITIES (390,863 ) (842,861 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(360,455

)

(804,851

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (360,456 ) (804,852 )
SHAREHOLDERS' FUNDS (360,455 ) (804,851 )

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 11 June 2025 and were signed on its behalf by:





W M Massie Jr - Director


MCKINNON HARRIS UK LIMITED (REGISTERED NUMBER: 07594724)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

McKinnon Harris UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's trading address is 220 North Dome Design Centre, London, SW10 0XE.

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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future. The company has confirmed financial support from their immediate parent company Mckinnon Harris Inc. for a period of at least twelve months and one day from the date the audit report was signed. Accordingly they continue to adopt the going concern basis in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Revenue is recognised upon sending goods, once the company has transferred to the buyer the significant risks and rewards of the ownership of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

All items of plant and machinery are stated at historical costs less accumulated depreciation and impairment. Historical cost includes expenditure that is directly attributable to the acquisition of items.

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

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.


MCKINNON HARRIS UK LIMITED (REGISTERED NUMBER: 07594724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 145,390
DEPRECIATION
At 1 January 2024 107,380
Charge for year 7,602
At 31 December 2024 114,982
NET BOOK VALUE
At 31 December 2024 30,408
At 31 December 2023 38,010

MCKINNON HARRIS UK LIMITED (REGISTERED NUMBER: 07594724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 52,121 50,611

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 859 127
Amounts owed to group undertakings 330,651 845,005
Taxation and social security 3,404 27,603
Other creditors & accruals 288,203 382,462
623,117 1,255,197

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 141,564 34,756
Between one and five years 181,008 -
322,572 34,756

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1 Ordinary Shares £1 1 1

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rachel Lockwood (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-
"Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

MCKINNON HARRIS UK LIMITED (REGISTERED NUMBER: 07594724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. ULTIMATE PARENT & CONTROLLING PARTY

The immediate and ultimate parent company is Mckinnon Harris Inc., a company incorporated in the United States of America.

The smallest and largest group to consolidate the results and financial position of the company is Mckinnon Harris Inc. Copies of the Mckinnon Harris Inc. financial statements can be obtained from the registered office at 1722 Arlington Road, Richmond, Virginia 23230, USA.

The ultimate controlling party is W M Massie Jr. by virtue of majority ownership of Mckinnon Harris Inc.

11. SECURED DEBTS

There is a debenture in favour of Lloyds Bank plc over all assets and undertakings of the company.