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REGISTERED NUMBER: SC344515 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MCGRAW & MCGRAW LIMITED

MCGRAW & MCGRAW LIMITED (REGISTERED NUMBER: SC344515)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

MCGRAW & MCGRAW LIMITED

COMPANY INFORMATION
for the year ended 30 SEPTEMBER 2024







DIRECTORS: Mrs P McGraw
P McGraw





SECRETARY: Mrs P McGraw





REGISTERED OFFICE: C/O Thomas Barrie & Co
Atlantic House
1A Cadogan Street
Glasgow
G2 6QE





REGISTERED NUMBER: SC344515 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

MCGRAW & MCGRAW LIMITED (REGISTERED NUMBER: SC344515)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 508,795 507,681
508,795 507,681

CURRENT ASSETS
Debtors 6 578 3,930
Cash at bank and in hand 47,013 1,072
47,591 5,002
CREDITORS
Amounts falling due within one year 7 (209,456 ) (180,121 )
NET CURRENT LIABILITIES (161,865 ) (175,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,930

332,562

CREDITORS
Amounts falling due after more than one year 8 (197,784 ) (174,704 )
NET ASSETS 149,146 157,858

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 148,146 156,858
SHAREHOLDERS' FUNDS 149,146 157,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MCGRAW & MCGRAW LIMITED (REGISTERED NUMBER: SC344515)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024


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 13 June 2025 and were signed on its behalf by:





P McGraw - Director


MCGRAW & MCGRAW LIMITED (REGISTERED NUMBER: SC344515)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

McGraw & McGraw Limited is a private company, limited by shares, registered in Scotland, registration number SC344515. The registered office is c/o Thomas Barrie & Co., Atlantic House, 1A Cadogan Street, Glasgow, G2 6QE.

The principal activity of the company is a children's nursery.

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.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates
In preparing these financial statements, the directors are required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

There are no significant judgements or estimates used in the preparation of these accounts.

Turnover
Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

Services
Income from childcare is recognised on a term by term basis in relation to when the services have been performed.

Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33% on cost, 15% on cost and 10% on cost

The carrying values of tangible fixed assets are reviewed annually for impairment if events or changes in circumstances indicate the carrying values may not be recoverable.

Property is not being depreciated as the directors consider the residual value to be in excess of the current carrying value.

MCGRAW & MCGRAW LIMITED (REGISTERED NUMBER: SC344515)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances, including bank overdrafts that are payable on demand and form an integral part of the company's cash management.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

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.

Short term employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in profit and loss in the period in which they are incurred. A liability is recognised for the amount expected to be paid if the company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 128,000
AMORTISATION
At 1 October 2023
and 30 September 2024 128,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

MCGRAW & MCGRAW LIMITED (REGISTERED NUMBER: SC344515)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 499,038 87,229 586,267
Additions - 2,080 2,080
At 30 September 2024 499,038 89,309 588,347
DEPRECIATION
At 1 October 2023 - 78,586 78,586
Charge for year - 966 966
At 30 September 2024 - 79,552 79,552
NET BOOK VALUE
At 30 September 2024 499,038 9,757 508,795
At 30 September 2023 499,038 8,643 507,681

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 578 3,930

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 85,803 86,702
Trade creditors 2,493 1,915
Taxation and social security 63,029 35,912
Other creditors 58,131 55,592
209,456 180,121

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 197,784 170,356
Other creditors - 4,348
197,784 174,704

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 48,134 -

MCGRAW & MCGRAW LIMITED (REGISTERED NUMBER: SC344515)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 SEPTEMBER 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 243,845 217,149

Lloyds TSB Bank PLC hold a standard security over the nursery premises, as well as a bond and floating charge over all property and assets of the company.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £109,500 (2023 - £109,000) were paid to the directors .

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MCGRAW & MCGRAW LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of McGraw & McGraw Limited for the year ended 30 September 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of McGraw & McGraw Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of McGraw & McGraw Limited and state those matters that we have agreed to state to the Board of Directors of McGraw & McGraw Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that McGraw & McGraw Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of McGraw & McGraw Limited. You consider that McGraw & McGraw Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of McGraw & McGraw Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE


Date: .............................................