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REGISTERED NUMBER: SC769432 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 May 2025

for

MACKAY & ALLEN LTD

MACKAY & ALLEN LTD (REGISTERED NUMBER: SC769432)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACKAY & ALLEN LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2025







DIRECTORS: Dr D W Allen
I H S Mackay





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC769432 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

MACKAY & ALLEN LTD (REGISTERED NUMBER: SC769432)

Balance Sheet
31 MAY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,926 187
Investment property 5 430,000 230,000
433,926 230,187

CURRENT ASSETS
Cash at bank 14,872 229

CREDITORS
Amounts falling due within one year 6 1,399 81,367
NET CURRENT ASSETS/(LIABILITIES) 13,473 (81,138 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

447,399

149,049

CREDITORS
Amounts falling due after more than one
year

7

421,046

131,761
NET ASSETS 26,353 17,288

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 26,351 17,286
26,353 17,288

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

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

MACKAY & ALLEN LTD (REGISTERED NUMBER: SC769432)

Balance Sheet - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by:




Dr D W Allen - Director



I H S Mackay - Director


MACKAY & ALLEN LTD (REGISTERED NUMBER: SC769432)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2025

1. STATUTORY INFORMATION

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

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 - 20% on a reducing balance basis
Computer equipment - 25% on a reducing balance basis

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.

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.

MACKAY & ALLEN LTD (REGISTERED NUMBER: SC769432)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2024 - 249 249
Additions 912 3,309 4,221
At 31 May 2025 912 3,558 4,470
DEPRECIATION
At 1 June 2024 - 62 62
Charge for year 75 407 482
At 31 May 2025 75 469 544
NET BOOK VALUE
At 31 May 2025 837 3,089 3,926
At 31 May 2024 - 187 187

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2024 230,000
Additions 179,561
Revaluations 20,439
At 31 May 2025 430,000
NET BOOK VALUE
At 31 May 2025 430,000
At 31 May 2024 230,000

Fair value at 31 May 2025 is represented by:
£   
Valuation in 2024 42,850
Valuation in 2025 20,439
Cost 366,711
430,000

MACKAY & ALLEN LTD (REGISTERED NUMBER: SC769432)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other creditors 1,399 81,367

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans 284,719 131,761
Other creditors 136,327 -
421,046 131,761

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 284,719 131,761

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 284,719 131,761

Bank borrowings are secured by Standard Securities over the investment properties and personal guarantees by the directors.