IRIS Accounts Production v25.1.4.42 01319520 Board of Directors 1.2.24 31.1.25 31.1.25 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013195202024-01-31013195202025-01-31013195202024-02-012025-01-31013195202023-01-31013195202023-02-012024-01-31013195202024-01-3101319520ns15:EnglandWales2024-02-012025-01-3101319520ns14:PoundSterling2024-02-012025-01-3101319520ns10:Director12024-02-012025-01-3101319520ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3101319520ns10:SmallEntities2024-02-012025-01-3101319520ns10:AuditExemptWithAccountantsReport2024-02-012025-01-3101319520ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3101319520ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3101319520ns10:FullAccounts2024-02-012025-01-3101319520ns10:Director22024-02-012025-01-3101319520ns10:Director32024-02-012025-01-3101319520ns10:CompanySecretary12024-02-012025-01-3101319520ns10:RegisteredOffice2024-02-012025-01-3101319520ns5:CurrentFinancialInstruments2025-01-3101319520ns5:CurrentFinancialInstruments2024-01-3101319520ns5:ShareCapital2025-01-3101319520ns5:ShareCapital2024-01-3101319520ns5:RetainedEarningsAccumulatedLosses2025-01-3101319520ns5:RetainedEarningsAccumulatedLosses2024-01-3101319520ns5:FurnitureFittings2024-01-3101319520ns5:FurnitureFittings2024-02-012025-01-3101319520ns5:FurnitureFittings2025-01-3101319520ns5:FurnitureFittings2024-01-3101319520ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3101319520ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3101319520ns5:RetainedEarningsAccumulatedLosses2024-01-3101319520ns5:RetainedEarningsAccumulatedLosses2024-02-012025-01-31
REGISTERED NUMBER: 01319520 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2025

for

Mcintyre Properties (Highland) Ltd

Mcintyre Properties (Highland) Ltd (Registered number: 01319520)

Contents of the Financial Statements
for the year ended 31st January 2025










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Mcintyre Properties (Highland) Ltd

Company Information
for the year ended 31st January 2025







Directors: R B Crook
K M S Crook
G Crook





Secretary: K M S Crook





Registered office: The Apex
2 Sheriffs Orchard
Coventry
CV1 3PP





Registered number: 01319520 (England and Wales)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Mcintyre Properties (Highland) Ltd


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 Balance Sheet. 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 Mcintyre Properties (Highland) Ltd for the year ended 31st January 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Mcintyre Properties (Highland) Ltd, 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 Mcintyre Properties (Highland) Ltd and state those matters that we have agreed to state to the Board of Directors of Mcintyre Properties (Highland) Ltd, 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 Mcintyre Properties (Highland) Ltd 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 Mcintyre Properties (Highland) Ltd. You consider that Mcintyre Properties (Highland) Ltd 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 Mcintyre Properties (Highland) Ltd. 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.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


16th June 2025

Mcintyre Properties (Highland) Ltd (Registered number: 01319520)

Balance Sheet
31st January 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Tangible assets 4 13,997 15,552
Investment property 5 396,543 396,543
410,540 412,095

Current assets
Debtors 6 2,553 2,347
Cash at bank 11,521 12,969
14,074 15,316
Creditors
Amounts falling due within one year 7 212,638 219,764
Net current liabilities (198,564 ) (204,448 )
Total assets less current liabilities 211,976 207,647

Provisions for liabilities 12,767 12,996
Net assets 199,209 194,651

Capital and reserves
Called up share capital 11,000 11,000
Retained earnings 8 188,209 183,651
199,209 194,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

Mcintyre Properties (Highland) Ltd (Registered number: 01319520)

Balance Sheet - continued
31st January 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th June 2025 and were signed on its behalf by:





R B Crook - Director


Mcintyre Properties (Highland) Ltd (Registered number: 01319520)

Notes to the Financial Statements
for the year ended 31st January 2025


1. Statutory information

Mcintyre Properties (Highland) Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

The investment property has been valued by the directors on 31 January 2025 at a fair value of £396,543 (2024 - £396,543).

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

Mcintyre Properties (Highland) Ltd (Registered number: 01319520)

Notes to the Financial Statements - continued
for the year ended 31st January 2025


3. Employees and directors

The average number of employees during the year was NIL (2024 - NIL).

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1st February 2024
and 31st January 2025 107,763
Depreciation
At 1st February 2024 92,211
Charge for year 1,555
At 31st January 2025 93,766
Net book value
At 31st January 2025 13,997
At 31st January 2024 15,552

5. Investment property
Total
£   
Fair value
At 1st February 2024
and 31st January 2025 396,543
Net book value
At 31st January 2025 396,543
At 31st January 2024 396,543

6. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 2,553 2,347

7. Creditors: amounts falling due within one year
2025 2024
£    £   
Taxation and social security 3,581 3,518
Other creditors 209,057 216,246
212,638 219,764

Mcintyre Properties (Highland) Ltd (Registered number: 01319520)

Notes to the Financial Statements - continued
for the year ended 31st January 2025


8. Reserves
Retained
earnings
£   

At 1st February 2024 183,651
Profit for the year 14,558
Dividends (10,000 )
At 31st January 2025 188,209

Included in retained earnings is £181,366 (2024 - £181,366) of profits which are unrealised and not available for distribution.

9. Related party disclosures

During the year to 31 January 2025, the directors received dividends of £10,000 (2024 - £40,000).