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REGISTERED NUMBER: 06834954 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MCLEAN & SONS LTD

MCLEAN & SONS LTD (REGISTERED NUMBER: 06834954)






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


MCLEAN & SONS LTD

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: Mrs K D McLean
R J McLean
H J McLean
G D McLean
E R McLean
T W McLean





REGISTERED OFFICE: Shunters Yard
Station Road
Semley
Shaftesbury
Dorset
SP7 9AH





REGISTERED NUMBER: 06834954 (England and Wales)





AUDITORS: Andrews and Palmer Ltd
Statutory Auditors
32 The Square
Gillingham
Dorset
SP8 4AR

MCLEAN & SONS LTD (REGISTERED NUMBER: 06834954)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,666,954 5,086
Investment property 5 231,234 231,234
2,898,188 236,320

CURRENT ASSETS
Debtors 6 5,613 7,523
Cash at bank 1,017,066 3,248,045
1,022,679 3,255,568
CREDITORS
Amounts falling due within one year 7 3,124,047 2,739,258
NET CURRENT (LIABILITIES)/ASSETS (2,101,368 ) 516,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

796,820

752,630

PROVISIONS FOR LIABILITIES 954 1,272
NET ASSETS 795,866 751,358

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 795,862 751,354
SHAREHOLDERS' FUNDS 795,866 751,358

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 22 July 2025 and were signed on its behalf by:





H J McLean - Director


MCLEAN & SONS LTD (REGISTERED NUMBER: 06834954)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

McLean & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Revenue from farming activities, is recognised when the company has transferred the risks and rewards to the buyer and the revenue receivable can be measured reliably.

Revenue from grants, are recognised when the company receives the money.

Rental income is recognised in the period in which the rent is receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land & buildings- not depreciated / 2% on cost
Plant and machinery- 25% on reducing balance
Motor vehicles- 25% on reducing balance

Investment property
Investment property are measured at fair value annually with any change recognised in the income statement.

Financial instruments
Basic financial instruments are measured at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes 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.


MCLEAN & SONS LTD (REGISTERED NUMBER: 06834954)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Freehold
Land & Plant and Motor
Buildings machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2024 - 11,000 38,090 49,090
Additions 2,675,140 - - 2,675,140
At 31 December 2024 2,675,140 11,000 38,090 2,724,230
DEPRECIATION
At 1 January 2024 - 10,574 33,430 44,004
Charge for year 12,000 107 1,165 13,272
At 31 December 2024 12,000 10,681 34,595 57,276
NET BOOK VALUE
At 31 December 2024 2,663,140 319 3,495 2,666,954
At 31 December 2023 - 426 4,660 5,086

Included in cost of land and buildings is freehold land of £ 2,075,140 (2023 - £ 0 ) which is not depreciated.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 231,234
NET BOOK VALUE
At 31 December 2024 231,234
At 31 December 2023 231,234

MCLEAN & SONS LTD (REGISTERED NUMBER: 06834954)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

5. INVESTMENT PROPERTY - continued

When determining the value of the property, the directors used their knowledge of the local area, similar properties and considered the overall market conditions.

The investment property has not been valued by an independent professionally qualified valuer with recent experience in the location.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 1,802 1,802
VAT 3,811 5,721
5,613 7,523

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 3,093,948 2,732,839
Taxation and social security 24,837 2,357
Other creditors 5,262 4,062
3,124,047 2,739,258

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
4 Ordinary £1 4 4

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

The Report of the Auditors was unqualified.

Christopher Jarratt BA(Hons) ACA (Senior Statutory Auditor)
for and on behalf of Andrews and Palmer Ltd

10. ULTIMATE PARENT COMPANY

The ultimate parent company is McLean Holdings Ltd, a company registered in England and Wales, which is controlled by its directors and which prepares publicly available consolidated group accounts.

The registered office of McLean Holdings Ltd is Shunters Yard, Station Road, Semley, Shaftesbury, Dorset, SP7 9AH.