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REGISTERED NUMBER: 15809090 (England and Wales)












Group Strategic Report, Report of the Director and

Consolidated Financial Statements

for the Period 28 June 2024 to 31 December 2024

for

McCann Holdings Limited

McCann Holdings Limited (Registered number: 15809090)






Contents of the Consolidated Financial Statements
for the period 28 June 2024 to 31 December 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Director 7

Report of the Independent Auditors 9

Consolidated Income Statement 12

Consolidated Other Comprehensive Income 13

Consolidated Balance Sheet 14

Company Balance Sheet 15

Consolidated Statement of Changes in Equity 16

Company Statement of Changes in Equity 17

Consolidated Cash Flow Statement 18

Notes to the Consolidated Cash Flow Statement 19

Notes to the Consolidated Financial Statements 20


McCann Holdings Limited

Company Information
for the period 28 June 2024 to 31 December 2024







DIRECTOR: J J McCann



REGISTERED OFFICE: Mccann House 110 Nottingham Road
Beeston
Nottinghamshire
NG9 6DQ



REGISTERED NUMBER: 15809090 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Doug Perry FCA



AUDITORS: Clayton & Brewill
Statutory Auditors and
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

McCann Holdings Limited (Registered number: 15809090)

Group Strategic Report
for the period 28 June 2024 to 31 December 2024

IMPACT OF RANSOMWARE ATTACK ON MCCANN GROUP LTD

1. Impact of the Ransomware Attack
Since the previous year-end, McCann Holdings Ltd experienced a significant ransomware attack on our central servers, leading to the loss of critical accounting and payroll data. This created substantial challenges in maintaining financial reporting and day-to-day operational efficiency. Despite proactive security measures, the attack resulted in the need for extensive data reconstruction, which placed additional strain on internal resources.

Following the swift notification and action of our IT support systems, the impact was minimised to the Servers but to prevent any latent malware being activated, a wholesale review and upgrade to storage and operating systems was undertaken immediately to enable all of our remote sites to remain operational.
Due to the professionalism and commitment of our Finance Department Team, we were able to maintain supplier payments and Payroll throughout the period.
Ultimately, we were able to recover all of the data that had been encrypted, without recourse to the attackers, which ultimately provides testament to the existing processes that were in place at the time.

We have now fully recovered from the event and have emerged with a new fully operational system that has recently been accredited to an industry recognised standard.

2. Response and Recovery Efforts
In response to the attack, the company took was able to mitigate the impact by:
- Data Reconstruction:
We have been able to fully recover all encrypted date and restore this to new financial and payroll systems that were upgraded at the time. This was done by leveraging available backups, historical records, and external verification sources where necessary.
- IT and Cybersecurity Expertise :
We engaged cybersecurity specialists to assess the breach, advise on security modifications and restore date to more secure environments, along with additional security measures prevent further incidents.
- Operational Adjustments:
Temporary measures were put in place to ensure that payroll processing and financial reporting continued, uninterrupted. This ensured that minimal financial disruption was experienced by staff, suppliers and stakeholders both during and after the event.

3. Risk Management and Future Mitigation
Recognising the severity of cybersecurity threats, the company is implementing robust measures to prevent similar incidents in the future, including:
- Enhanced Cybersecurity Infrastructure:
Strengthening IT security protocols, increasing system monitoring, and implementing advanced threat detection software.
- Data Backup and Redundancy:
Establishing more frequent and secure backup procedures, ensuring critical data is stored in multiple locations.
- Employee Training and Awareness:
Conducting regular cybersecurity training for employees to recognise and prevent potential threats.
- Strategic Investment in IT Security:
Allocating resources to enhance data protection and business continuity planning.

Despite these challenges, McCann Group Ltd remains committed to financial transparency and operational resilience. By addressing the vulnerabilities exposed by this incident, the Company is now stronger and better prepared for future risks.


McCann Holdings Limited (Registered number: 15809090)

Group Strategic Report
for the period 28 June 2024 to 31 December 2024

REVIEW OF BUSINESS
This review is intended to be consistent with the size and nature of our business. We aim to present a balanced and comprehensive review of the development and performance of the company during the year to 31st December 2024, its position at year end and an update of events after the balance sheet date, to enable a better understanding by the readers of the accounts, of the Group's financial position

The Group has consolidated its core business. This was achieved by concentrating on our highways maintenance and infrastructure skills and ensuring that projects obtained and delivered certainty and a healthy margin. Due to increased return, cash flow and profitability have been restored with healthy cash balances being reported at year end.
The company will continue to maintain its focus on working capital and cash management in the future and continue to leverage our specialist expertise whilst seeking new opportunities, within our sector, for increased margin generation.

Since the Year end, we have continued to maintain strong growth within our chosen sectors with the recent award of several notable projects: -
- Liverpool City Council Street Lighting Term Maintenance (3 plus 2x 1 years)
- Gull Wing Bridge Term Maintenance (5 Years)
- Nottingham Footbridge
- A52 QMC to Priory Signs and Streetlighting
- Humber Bridge Free Flow Tolling System Civils Infrastructure

We believe that this success demonstrates the resilience of the business and the ongoing demand for our services. However, we remain mindful of the challenges that lie ahead in the coming year and the impact of the current economic and geo-political climate.

PRINCIPAL RISKS AND UNCERTAINTIES
- Government spending decisions
We recognise that the majority of our income is from National and Local government sources and can be affected by changes in government policy.
- Economic uncertainty
There is ongoing uncertainty due to the risk of recession, further inflationary and interest rate increases along with possible changes in Government policy.
- Geopolitical disruptions
The current uncertain state of world politics, including Ukraine, Yemen and the Middle East can all have an impact on local economic conditions.
- Tariffs (USA)
We do not trade with the USA directly and most of our imported goods are manufactured within Europe. We therefore do not consider this to be a significant risk to the business at this time.
- Financial risk
The company has a broad range of customers including both private companies and public sector bodies.
The risk that the company will suffer from significant levels of bad debts is managed by the diversified portfolio and well established credit control procedures across the company. The company is funded through a combination of hire purchase funding and a credit facility with the company's bankers who have remained supportive throughout this period and beyond.
The Directors continue to monitor these impacts and react as necessary.

The above risks are typical of the current UK economy and we are confident that they do not represent an undue risk to the success of the business. Our current portfolio of Government backed long term contracts, will continue to provide a significant buffer to these uncertainties. This is recognised in the Company improving its cash position since the year end and continues to work with positive cash balances, as it expects to continue to do so through 2025.


McCann Holdings Limited (Registered number: 15809090)

Group Strategic Report
for the period 28 June 2024 to 31 December 2024

SECTION 172(1) STATEMENT
The Directors of McCann Holdings Ltd acknowledge their duty under section 172(1) of the Companies Act 2006 to act in a way that they consider, in good faith, would most likely promote the success of the company for the benefit of its members as a whole. In making decisions during the financial year, the Directors have had regard to the following key factors:
Stakeholder Engagement and Key Considerations
During this period, our response to the Ransomware attack typified how we have continued to maintain our consideration for the likely consequences of our decisions for the long term, the need to act fairly between members of the company, and the company's wider relationships. Examples of these decisions are given below:
- Employees
The well-being and development of our employees remain a priority. We have continued to invest in training, well-being initiatives and professional development opportunities. We continue to review our Policies and have recently introduced an enhanced Parental Policies covering Maternity, Paternity and Adoption Leave which provides up to 26weeks at full pay prior to reverting to statutory amounts.
- Customers
Our commitment to delivering high-quality services remains paramount. The Directors have actively engaged with key customers to maintain strong relationships, particularly in light of operational challenges caused by the cyberattack. Measures were taken to ensure minimal service disruption and
uphold customer confidence.
- Suppliers
We value our supplier partnerships and strive for mutually beneficial relationships. Despite the operational impact of the ransomware incident, we maintained transparent communication with our suppliers, ensuring timely payments and ongoing collaboration to support business continuity.
- Shareholders
The Directors have kept shareholders informed of business developments, including the financial impact of the ransomware attack. Steps have been taken to mitigate risks and strengthen the company's resilience to future cyber threats.
- Community and Environment
We remain committed to acting responsibly towards the environment and the communities in which we operate. During the year, we continued our initiatives aimed at sustainability and corporate social responsibility, ensuring our business operations align with our long-term environmental goals.
- Regulatory and Governance Considerations
Compliance with legal and regulatory obligations is integral to our decision-making process. Following the cyberattack, we reviewed and enhanced our cybersecurity framework to strengthen data protection and regulatory compliance.
- Decision-Making and Long-Term Impact
The Directors have made strategic decisions that support the long-term sustainability and growth of McCann Holdings Ltd. These include strengthening cybersecurity measures, investing in employee well-being, and reinforcing business resilience to protect stakeholders' interests.

The Board remains committed to reviewing and refining its stakeholder engagement strategies to ensure that the company continues to operate successfully and responsibly in the years ahead.

BUSINESS ENVIRONMENT
McCann Holdings Ltd are based in Nottingham and with strategically based regional offices we are best placed to delivery of a first rate, comprehensive service, throughout the country. With a large, highly skilled, directly employed workforce, supported by an extensive specialised plant fleet we can take on and deliver the most demanding of projects to programme and budget.
We provide our clients with integrated infrastructure solutions that meet business needs and exceeds expectations each and every time. We are a key player in creating and maintaining essential elements of the country's infrastructure and by doing so efficiently, offer a first-class service to all our clients.
We have developed a wide range of specialist contracting services to support the successful delivery of major infrastructure projects throughout the UK. As a leading supplier and installer of street lighting, traffic signs, signals, communication systems and associated civil engineering we can also play a key role in the development of project design and buildability whilst working comfortably within a wide range of contractual arrangements.


McCann Holdings Limited (Registered number: 15809090)

Group Strategic Report
for the period 28 June 2024 to 31 December 2024

STRATEGY
McCann Holdings Ltd's strategy is focused on sustainable growth, operational resilience, and delivering long-term value to all stakeholders. Our approach in 2024 has been shaped by both opportunities and challenges, particularly the need to recover from the ransomware attack that impacted our financial and payroll systems.

1. Strengthening Business Resilience
In response to the cyberattack, the company has taken decisive actions to improve its cybersecurity framework and operational continuity:
- Cybersecurity Enhancements - Investing in advanced security measures, including stronger data encryption, improved system monitoring, and enhanced employee cybersecurity training.
- Data Recovery & Risk Management - Successfully recreating lost financial and payroll data while implementing new backup and recovery protocols to mitigate future risks.
- Regulatory Compliance - Ensuring compliance with data protection laws and governance best practices to safeguard business integrity.

2. Driving Sustainable Growth
Despite the operational setbacks, McCann Group Ltd remains focused on growth and expansion in key markets:
- Market Diversification - Identifying new opportunities in adjacent markets to reduce dependence on single revenue streams.
- Customer-Centric Approach - Strengthening client relationships through improved service delivery, transparency, and digital transformation.
- Operational Efficiency - Streamlining processes to enhance productivity and cost-effectiveness, with a focus on leveraging technology for improved efficiency.

3. Investing in People & Culture
Employees are the backbone of our success, and we remain committed to attracting, developing, and retaining top talent:
- Workforce Development
Continued investment in training, career progression, and employee well-being.
- Employee Support
Ensuring all staff were supported during the data recovery process, particularly in payroll and HR matters. We continue to provide a Company specific benefit package to all employees, including high street discounts, access to support services and the like through a integrated employee support system.
- Enhancing Workplace Culture
Promoting a collaborative, innovative, and inclusive work environment.
- Attracting and Maintaining Employees
We offer an exciting package for all employees and tailor individual offers for each employee to take reconcile the business needs with those of the employee.

4. ESG & Sustainability Commitment
McCann Group Ltd remains dedicated to sustainability and responsible business practices:
- Environmental Initiatives
Reducing our carbon footprint through energy efficiency measures and sustainable sourcing.
- Community Engagement
Strengthening corporate social responsibility efforts to support local communities and industry partnerships.
- Governance & Ethics
Upholding the highest standards of corporate governance to build trust and accountability.


McCann Holdings Limited (Registered number: 15809090)

Group Strategic Report
for the period 28 June 2024 to 31 December 2024

OUTLOOK FOR 2025 AND BEYOND
Looking ahead, McCann Holdings Ltd is committed to:
- Expanding market presence through innovation and strategic partnerships.
- Strengthening stakeholder engagement and long-term financial stability.
- Despite challenges, the company remains well-positioned for sustainable growth and continued success in the years ahead.

ON BEHALF OF THE BOARD:





J J McCann - Director


31 July 2025

McCann Holdings Limited (Registered number: 15809090)

Report of the Director
for the period 28 June 2024 to 31 December 2024

The director presents his report with the financial statements of the company and the group for the period 28 June 2024 to 31 December 2024.

INCORPORATION
The group was incorporated on 28 June 2024 and commenced trading on 6 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the period under review was that of holding company for group operating in highways sector, construction and residential development.

DIVIDENDS
An interim dividend of £471 per share was paid on 31 December 2024. The director recommends that no final dividend be paid.

The total distribution of dividends for the period ended 31 December 2024 will be £ 471,000 .

DIRECTOR
J J McCann was appointed as a director on 28 June 2024 and held office during the whole of the period from then to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

POLITICAL DONATIONS AND EXPENDITURE
All donations made during the year were non-political charitable donations.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

McCann Holdings Limited (Registered number: 15809090)

Report of the Director
for the period 28 June 2024 to 31 December 2024


AUDITORS
The auditors, Clayton & Brewill, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J J McCann - Director


31 July 2025

Report of the Independent Auditors to the Members of
McCann Holdings Limited

Opinion
We have audited the financial statements of McCann Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2024 and of the group's profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
McCann Holdings Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page seven, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Enquiry of management and those charged with governance around actual and potential litigation and
claims;
- Reviewing financial statement disclosures and testing to supporting documentation to assess
compliance with applicable laws and regulations;
- Performing audit work over the risk of management override of controls, including testing of journal
entries and other adjustments for appropriateness, evaluating the business rationale of significant
transactions outside the normal course of business and reviewing accounting estimates for bias.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
McCann Holdings Limited


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.




Doug Perry FCA (Senior Statutory Auditor)
for and on behalf of Clayton & Brewill
Statutory Auditors and
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

31 July 2025

McCann Holdings Limited (Registered number: 15809090)

Consolidated
Income Statement
for the period 28 June 2024 to 31 December 2024

Notes £   

TURNOVER 31,990,902

Cost of sales 28,957,645
GROSS PROFIT 3,033,257

Administrative expenses 2,948,887
84,370

Other operating income 56,736
OPERATING PROFIT 4 141,106

Interest receivable and similar income 59,422
200,528

Interest payable and similar expenses 5 226,973
LOSS BEFORE TAXATION (26,445 )

Tax on loss 6 (136,882 )
PROFIT FOR THE FINANCIAL
PERIOD

110,437
Profit attributable to:
Owners of the parent 110,437

McCann Holdings Limited (Registered number: 15809090)

Consolidated
Other Comprehensive Income
for the period 28 June 2024 to 31 December 2024

Notes £   

PROFIT FOR THE PERIOD 110,437


OTHER COMPREHENSIVE INCOME
Group reserves acquired 13,946,812
Income tax relating to other
comprehensive income

-
OTHER COMPREHENSIVE INCOME
FOR THE PERIOD, NET OF INCOME
TAX


13,946,812
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD

14,057,249

Total comprehensive income attributable to:
Owners of the parent 14,057,249

McCann Holdings Limited (Registered number: 15809090)

Consolidated Balance Sheet
31 December 2024

Notes £    £   
FIXED ASSETS
Tangible assets 9 10,495,834
Investments 10 -
Investment property 11 2,885,000
13,380,834

CURRENT ASSETS
Stocks 12 13,673,491
Debtors 13 9,410,196
Investments 14 66,178
Cash at bank 9,480,709
32,630,574
CREDITORS
Amounts falling due within one year 15 25,552,379
NET CURRENT ASSETS 7,078,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,459,029

CREDITORS
Amounts falling due after more than
one year

16

(6,079,828

)

PROVISIONS FOR LIABILITIES 20 (791,952 )
NET ASSETS 13,587,249

CAPITAL AND RESERVES
Called up share capital 21 1,000
Other reserves 22 13,946,812
Retained earnings 22 (360,563 )
SHAREHOLDERS' FUNDS 13,587,249

The financial statements were approved by the director and authorised for issue on 31 July 2025 and were signed by:





J J McCann - Director


McCann Holdings Limited (Registered number: 15809090)

Company Balance Sheet
31 December 2024

Notes £    £   
FIXED ASSETS
Tangible assets 9 -
Investments 10 13,947,812
Investment property 11 2,885,000
16,832,812

CURRENT ASSETS
Debtors 13 4,693
Cash at bank 2,427
7,120
CREDITORS
Amounts falling due within one year 15 2,863,378
NET CURRENT LIABILITIES (2,856,258 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,976,554

CAPITAL AND RESERVES
Called up share capital 21 1,000
Other reserves 22 13,946,812
Retained earnings 22 28,742
SHAREHOLDERS' FUNDS 13,976,554

Company's profit for the financial year 499,742

The financial statements were approved by the director and authorised for issue on 31 July 2025 and were signed by:





J J McCann - Director


McCann Holdings Limited (Registered number: 15809090)

Consolidated Statement of Changes in Equity
for the period 28 June 2024 to 31 December 2024

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   

Changes in equity
Issue of share capital 1,000 - - 1,000
Dividends - (471,000 ) - (471,000 )
Total comprehensive income - 110,437 13,946,812 14,057,249
Balance at 31 December 2024 1,000 (360,563 ) 13,946,812 13,587,249

McCann Holdings Limited (Registered number: 15809090)

Company Statement of Changes in Equity
for the period 28 June 2024 to 31 December 2024

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   

Changes in equity
Issue of share capital 1,000 - - 1,000
Dividends - (471,000 ) - (471,000 )
Total comprehensive income - 499,742 13,946,812 14,446,554
Balance at 31 December 2024 1,000 28,742 13,946,812 13,976,554

McCann Holdings Limited (Registered number: 15809090)

Consolidated Cash Flow Statement
for the period 28 June 2024 to 31 December 2024

Notes £   
Cash flows from operating activities
Cash generated from operations 1 5,721,448
Interest paid (182,486 )
Interest element of hire purchase
payments paid

(44,487

)
Tax paid 534,030
Net cash from operating activities 6,028,505

Cash flows from investing activities
Purchase of tangible fixed assets (5,529,880 )
Cash following share for share merger 6,022,164
Interest received 59,422
Net cash from investing activities 551,706

Cash flows from financing activities
New loans & HP in period 6,840,210
Capital repayments in period (3,467,938 )
Amount introduced by directors 471,000
Amount withdrawn by directors (471,774 )
Equity dividends paid (471,000 )
Net cash from financing activities 2,900,498

Increase in cash and cash equivalents 9,480,709
Cash and cash equivalents at
beginning of period

2

-

Cash and cash equivalents at end
of period

2

9,480,709

McCann Holdings Limited (Registered number: 15809090)

Notes to the Consolidated Cash Flow Statement
for the period 28 June 2024 to 31 December 2024

1. RECONCILIATION OF LOSS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

£   
Loss before taxation (26,445 )
Depreciation charges 462,534
Finance costs 226,973
Finance income (59,422 )
603,640
Decrease in stocks 1,403,538
Decrease in trade and other debtors 7,268,515
Decrease in trade and other creditors (3,554,245 )
Cash generated from operations 5,721,448

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31 December 2024
31.12.24 28.6.24
£    £   
Cash and cash equivalents 9,480,709 -


3. ANALYSIS OF CHANGES IN NET DEBT

At 28.6.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank - 9,480,709 9,480,709
- 9,480,709 9,480,709

Liquid resources
Current asset investments - 66,178 66,178
- 66,178 66,178
Debt
Finance leases - (2,335,629 ) (2,335,629 )
Debts falling due within 1 year - (1,834,758 ) (1,834,758 )
Debts falling due after 1 year - (4,669,234 ) (4,669,234 )
- (8,839,621 ) (8,839,621 )
Total - 707,266 707,266

McCann Holdings Limited (Registered number: 15809090)

Notes to the Consolidated Financial Statements
for the period 28 June 2024 to 31 December 2024

1. STATUTORY INFORMATION

McCann Holdings 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 General 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" 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, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 33% on cost, 20% on cost, 10% on cost, Straight line over 5 years and Straight line over 10 years
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost and Straight line over 3 years

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated 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 period 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.

McCann Holdings Limited (Registered number: 15809090)

Notes to the Consolidated Financial Statements - continued
for the period 28 June 2024 to 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
£   
Wages and salaries 5,251,671
Social security costs 665,044
Other pension costs 132,679
6,049,394

The average number of employees during the period was as follows:

Administration 88
Production 191
279

The average number of employees by undertakings that were proportionately consolidated during the period was 279 .

£   
Director's remuneration 363,834
Director's pension contributions to money purchase schemes 6,324

Information regarding the highest paid director is as follows:
£   
Emoluments etc 96,204
Pension contributions to money purchase schemes 1,525

4. OPERATING PROFIT

The operating profit is stated after charging:

£   
Equipment Hire 2,459,888
Venue Hire 232,900
Depreciation - owned assets 194,356
Depreciation - assets on hire purchase contracts 268,179
Auditors' remuneration 57,750
Auditors' remuneration for non audit work 8,028

McCann Holdings Limited (Registered number: 15809090)

Notes to the Consolidated Financial Statements - continued
for the period 28 June 2024 to 31 December 2024

5. INTEREST PAYABLE AND SIMILAR EXPENSES
£   
Bank interest 106
Bank loan interest 182,380
Hire purchase 44,487
226,973

6. TAXATION

Analysis of the tax credit
The tax credit on the loss for the period was as follows:
£   
Current tax:
UK corporation tax (159,841 )

Deferred tax 22,959
Tax on loss (136,882 )

Tax effects relating to effects of other comprehensive income

Gross Tax Net
£    £    £   
Group reserves acquired 13,946,812 - 13,946,812

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. DIVIDENDS
£   
Ordinary shares of £1 each
Interim 471,000

9. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
Additions 5,055,282 470,798 -
Reclassification/transfer 1,173,041 11,401,386 155,531
At 31 December 2024 6,228,323 11,872,184 155,531
DEPRECIATION
Charge for period - 454,200 3,366
Reclassification/transfer - 7,283,507 125,921
At 31 December 2024 - 7,737,707 129,287
NET BOOK VALUE
At 31 December 2024 6,228,323 4,134,477 26,244

McCann Holdings Limited (Registered number: 15809090)

Notes to the Consolidated Financial Statements - continued
for the period 28 June 2024 to 31 December 2024

9. TANGIBLE FIXED ASSETS - continued

Group

Motor Computer
vehicles equipment Totals
£    £    £   
COST
Additions 3,800 - 5,529,880
Reclassification/transfer 185,248 93,690 13,008,896
At 31 December 2024 189,048 93,690 18,538,776
DEPRECIATION
Charge for period 4,221 748 462,535
Reclassification/transfer 82,003 88,976 7,580,407
At 31 December 2024 86,224 89,724 8,042,942
NET BOOK VALUE
At 31 December 2024 102,824 3,966 10,495,834

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 464,488 - 464,488
Transfer to ownership (3,597,370 ) - (3,597,370 )
Reclassification/transfer 9,502,176 168,662 9,670,838
At 31 December 2024 6,369,294 168,662 6,537,956
DEPRECIATION
Charge for period 264,665 3,514 268,179
Transfer to ownership (2,597,796 ) - (2,597,796 )
Reclassification/transfer 5,813,546 70,276 5,883,822
At 31 December 2024 3,480,415 73,790 3,554,205
NET BOOK VALUE
At 31 December 2024 2,888,879 94,872 2,983,751

10. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
Additions 13,947,812
At 31 December 2024 13,947,812
NET BOOK VALUE
At 31 December 2024 13,947,812


McCann Holdings Limited (Registered number: 15809090)

Notes to the Consolidated Financial Statements - continued
for the period 28 June 2024 to 31 December 2024

11. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
Additions 2,885,000
Disposals (2,885,000 )
Reclassification/transfer 2,885,000
At 31 December 2024 2,885,000
NET BOOK VALUE
At 31 December 2024 2,885,000

Company
Total
£   
FAIR VALUE
Additions 2,885,000
At 31 December 2024 2,885,000
NET BOOK VALUE
At 31 December 2024 2,885,000

12. STOCKS


Group
£   
Work-in-progress 13,673,491

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


Group Company
£    £   
Trade debtors 1,203,538 4,693
Amounts owed by participating interests 1,116,404 -
Other debtors 54,333 -
Amounts recoverable - contract 6,442,592 -
Prepayments and accrued income 593,329 -
9,410,196 4,693

14. CURRENT ASSET INVESTMENTS


Group
£   
Listed investments 66,178

Market value of listed investments held by the group at 31 December 2024 - £0.

McCann Holdings Limited (Registered number: 15809090)

Notes to the Consolidated Financial Statements - continued
for the period 28 June 2024 to 31 December 2024

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


Group Company
£    £   
Bank loans and overdrafts (see note 17)
1,834,758

-
Hire purchase contracts (see note 18) 925,035 -
Trade creditors 10,151,805 -
Amounts owed to group undertakings - 2,846,182
Amounts owed to participating interests 3,814,606 -
Tax 374,189 8,728
Social security and other taxes 609,927 -
VAT 18,111 -
Other creditors 363,543 -
Directors' current accounts 845 -
Accrued expenses 7,447,128 8,468
Deferred income 12,432 -
25,552,379 2,863,378

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR


Group
£   
Bank loans (see note 17) 4,669,234
Hire purchase contracts (see note 18) 1,410,594
6,079,828

17. LOANS

An analysis of the maturity of loans is given below:


Group
£   
Amounts falling due within one year or on demand:
Bank loans 1,834,758
Amounts falling due between one and two years:
Bank loans - 1-2 years 221,537
Amounts falling due between two and five years:
Bank loans - 2-5 years 4,447,697

McCann Holdings Limited (Registered number: 15809090)

Notes to the Consolidated Financial Statements - continued
for the period 28 June 2024 to 31 December 2024

18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire
purchase
contracts
£   
Gross obligations repayable:
Within one year 1,024,589
Between one and five years 1,504,497
2,529,086

Finance charges repayable:
Within one year 99,554
Between one and five years 93,903
193,457

Net obligations repayable:
Within one year 925,035
Between one and five years 1,410,594
2,335,629

19. SECURED DEBTS

On 27/09/2024 the company gave security in the form of land and buildings to Barclays Bank PLC. The charge contains a negative pledge.

20. PROVISIONS FOR LIABILITIES


Group
£   
Deferred tax 791,952

Group
Deferred
tax
£   
Provided during period 200,827
Balance at merger 591,125
Balance at 31 December 2024 791,952

21. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1,000 Ordinary £1 1,000

1,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

McCann Holdings Limited (Registered number: 15809090)

Notes to the Consolidated Financial Statements - continued
for the period 28 June 2024 to 31 December 2024

22. RESERVES

Group
Retained Other
earnings reserves Totals
£    £    £   

Profit for the period 110,437 110,437
Dividends (471,000 ) (471,000 )
Merger relief - 13,946,812 13,946,812
At 31 December 2024 (360,563 ) 13,946,812 13,586,249

Company
Retained Other
earnings reserves Totals
£    £    £   

Profit for the period 499,742 499,742
Dividends (471,000 ) (471,000 )
Merger relief - 13,946,812 13,946,812
At 31 December 2024 28,742 13,946,812 13,975,554