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Company Registration No. SC191039 (Scotland)
McCrea Financial Services Ltd. Unaudited accounts for the year ended 31 March 2024
McCrea Financial Services Ltd. Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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McCrea Financial Services Ltd. Company Information for the year ended 31 March 2024
Directors
S Harding G Beaumont
Company Number
SC191039 (Scotland)
Registered Office
3rd Floor Moncrieff House 69 West Nile Street Glasgow G1 2QB
Accountants
Taxman Solutions 42 Hayston Road Cumbernauld Glasgow G68 0BS
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McCrea Financial Services Ltd. Accountants' report
Accountants' report to the board of directors of McCrea Financial Services Ltd. on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of McCrea Financial Services Ltd. for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of McCrea Financial Services Ltd., as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of McCrea Financial Services Ltd. and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than McCrea Financial Services Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that McCrea Financial Services Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of McCrea Financial Services Ltd.. You consider that McCrea Financial Services Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of McCrea Financial Services Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxman Solutions 42 Hayston Road Cumbernauld Glasgow G68 0BS 29 August 2025
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McCrea Financial Services Ltd. Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
34,274 
51,263 
Current assets
Inventories
56,366 
41,542 
Debtors
5
465,108 
140,159 
Cash at bank and in hand
284,467 
101,744 
805,941 
283,445 
Creditors: amounts falling due within one year
6
(171,004)
(183,814)
Net current assets
634,937 
99,631 
Total assets less current liabilities
669,211 
150,894 
Provisions for liabilities
Other provisions
(876)
(876)
Net assets
668,335 
150,018 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
658,335 
140,018 
Shareholders' funds
668,335 
150,018 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by
G Beaumont Director Company Registration No. SC191039
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McCrea Financial Services Ltd. Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
McCrea Financial Services Ltd. is a private company, limited by shares, registered in Scotland, registration number SC191039. The registered office is 3rd Floor Moncrieff House, 69 West Nile Street, Glasgow, G1 2QB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on a straight line basis
Fixtures & fittings
20% on a straight line basis
Computer equipment
25% on a straight line basis
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
23,896 
46,492 
107,228 
177,616 
Additions
- 
1,000 
166 
1,166 
At 31 March 2024
23,896 
47,492 
107,394 
178,782 
Depreciation
At 1 April 2023
11,052 
42,625 
72,676 
126,353 
Charge for the year
2,332 
1,749 
14,074 
18,155 
At 31 March 2024
13,384 
44,374 
86,750 
144,508 
Net book value
At 31 March 2024
10,512 
3,118 
20,644 
34,274 
At 31 March 2023
12,844 
3,867 
34,552 
51,263 
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McCrea Financial Services Ltd. Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
36,204 
22,267 
Amounts due from group undertakings etc.
280,000 
- 
Accrued income and prepayments
148,904 
117,892 
465,108 
140,159 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
42,605 
73,273 
Taxes and social security
38,484 
78,346 
Other creditors
14,711 
3,264 
Accruals
65,032 
19,125 
Deferred income
10,172 
9,806 
171,004 
183,814 
7
Controlling party
The immediate parent company of McCrea Financial Services Ltd. is One Four Nine Wealth Holdings Limited, a company registered in England and Wales. The ultimate controlling company of One Four Nine Wealth Holdings Limited was One Four Nine Group Limited, a company registered in England and Wales. The ultimate controlling company is Copper Street Capital LLP, a company registered in England and Wales. The ultimate controlling party is Mr Jerry Del Missier by virtue of his control over Copper Street Capital LLP. One Four Nine Group Limited group is the smallest group into which the Company’s financial statements are consolidated and One Four Nine Holdings is the largest group. Copies of the financial statements of One Four Nine Group Limited may be obtained from Companies House.
8
Average number of employees
During the year the average number of employees was 25 (2023: 28).
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