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REGISTERED NUMBER: SC063390 (Scotland)















Unaudited Financial Statements For The Year Ended 31st March 2025

for

MACKENZIE INVESTMENTS (ELGIN) LIMITED

MACKENZIE INVESTMENTS (ELGIN) LIMITED (REGISTERED NUMBER: SC063390)






Contents of the Financial Statements
For The Year Ended 31st March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACKENZIE INVESTMENTS (ELGIN) LIMITED

Company Information
For The Year Ended 31st March 2025







Directors: Mr Graeme Mackenzie
Mrs Susan Mackenzie



Secretary: Mrs Susan Mackenzie



Registered office: 151 High Street
Elgin
Moray
IV30 1DX



Registered number: SC063390 (Scotland)



Accountants: Goldwells
15-17 High Street
Kingussie
Inverness-Shire
PH21 1HS



Bankers: Bank of Scotland
PO Box 1000
BX2 1LB

MACKENZIE INVESTMENTS (ELGIN) LIMITED (REGISTERED NUMBER: SC063390)

Balance Sheet
31st March 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Tangible assets 4 510 680
Investment property 5 447,007 300,000
447,517 300,680

Current assets
Debtors 6 - 45,000
Cash at bank 7,423 21,435
7,423 66,435
Creditors
Amounts falling due within one year 7 11,697 10,625
Net current (liabilities)/assets (4,274 ) 55,810
Total assets less current liabilities 443,243 356,490

Creditors
Amounts falling due after more than one
year

8

(82,000

)

-

Provisions for liabilities (98 ) (130 )
Net assets 361,145 356,360

Capital and reserves
Called up share capital 40,800 40,800
Share premium 1,916 1,916
Retained earnings 318,429 313,644
Shareholders' funds 361,145 356,360

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

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

MACKENZIE INVESTMENTS (ELGIN) LIMITED (REGISTERED NUMBER: SC063390)

Balance Sheet - continued
31st March 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 26th August 2025 and were signed on its behalf by:





Mr Graeme Mackenzie - Director


MACKENZIE INVESTMENTS (ELGIN) LIMITED (REGISTERED NUMBER: SC063390)

Notes to the Financial Statements
For The Year Ended 31st March 2025

1. Statutory information

Mackenzie Investments (Elgin) Limited 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 etc - 25% on reducing balance

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.

3. Employees and directors

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

MACKENZIE INVESTMENTS (ELGIN) LIMITED (REGISTERED NUMBER: SC063390)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2025

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1st April 2024
and 31st March 2025 2,150
Depreciation
At 1st April 2024 1,470
Charge for year 170
At 31st March 2025 1,640
Net book value
At 31st March 2025 510
At 31st March 2024 680

5. Investment property
Total
£   
Fair value
At 1st April 2024 300,000
Additions 147,007
At 31st March 2025 447,007
Net book value
At 31st March 2025 447,007
At 31st March 2024 300,000

The investment properties are subject to annual valuation based on the market values of properties of a similar nature and location. The valuations are carried out by Mr G Mackenzie, the director and periodically by a firm of independent chartered surveyors. All the company's investment properties are used in operating leases.

Fair value at 31st March 2025 is represented by:
£   
Valuation in 2025 447,007

If had not been revalued would have been included at the following historical cost:

2025 2024
£    £   
Cost 412,007 265,000

6. Debtors: amounts falling due within one year
2025 2024
£    £   
Other debtors - 45,000

MACKENZIE INVESTMENTS (ELGIN) LIMITED (REGISTERED NUMBER: SC063390)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2025

7. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 4,184 3,783
Taxation and social security 6,562 5,920
Other creditors 951 922
11,697 10,625

8. Creditors: amounts falling due after more than one year
2025 2024
£    £   
Other creditors 82,000 -

9. Related party disclosures

At 31 March 2024 the company was owed £45,000 by Mackenzie Enterprises (Elgin) Limited, a company in which the Directors have a significant interest. This sum was fully repaid during the year. As at 31 March 2025 the company owed £82,000 to Mackenzie Enterprises (Elgin) Limited. This loan is interest free and has no fixed repayment terms and is included in other creditors.