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COMPANY REGISTRATION NUMBER: 07864688
Macfarlane Acquisitions Ltd
Filleted Unaudited Financial Statements
29 November 2024
Macfarlane Acquisitions Ltd
Financial Statements
Year ended 29 November 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Macfarlane Acquisitions Ltd
Statement of Financial Position
29 November 2024
2024
2023
Note
£
£
£
£
Fixed assets
Investments
5
1
1
Current assets
Cash at bank and in hand
13
13
Creditors: amounts falling due within one year
6
14,732
14,732
--------
--------
Net current liabilities
14,719
14,719
--------
--------
Total assets less current liabilities
( 14,718)
( 14,718)
--------
--------
Net liabilities
( 14,718)
( 14,718)
--------
--------
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
( 14,719)
( 14,719)
--------
--------
Shareholders deficit
( 14,718)
( 14,718)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the year and has not made either a profit or loss.
For the year ending 29 November 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Macfarlane Acquisitions Ltd
Statement of Financial Position (continued)
29 November 2024
These financial statements were approved by the board of directors and authorised for issue on 19 August 2025 , and are signed on behalf of the board by:
Mr F Macfarlane
Director
Company registration number: 07864688
Macfarlane Acquisitions Ltd
Notes to the Financial Statements
Year ended 29 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the company's directors and other creditors. The directors have indicated their willingness to support the company in the foreseeable future by ensuring sufficient funds are available for the company to continue trading. The company is continuing to meet debts as they fall due and therefore the directors consider the going concern basis is appropriate.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Average number of employees
During the year the average number of employees was 1 (2023: 1), which consisted of the director only.
5. Investments
Shares in group undertakings
£
Cost
At 30 November 2023 and 29 November 2024
1
----
Impairment
At 30 November 2023 and 29 November 2024
----
Carrying amount
At 29 November 2024
1
----
At 29 November 2023
1
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
780
780
Director loan accounts
13,952
13,952
--------
--------
14,732
14,732
--------
--------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
8. Director's advances, credits and guarantees
At the year end there is a balance owed to the director of £13,952 (2023: £13,952) in the form of a loan account. This loan, which is shown amongst creditors, is interest free and repayable on demand.