MEG'S CHUCK LTD - Filleted accounts

Registered number

SC561475

MEG'S CHUCK LTD

Filleted Abridged Accounts

31 March 2025

MEG'S CHUCK LTD
Registered number:		SC561475
Abridged Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		535,050			613,088

Current assets
Cash at bank and in hand		61,220			3,578

Creditors: amounts falling due within one year		(6,504)			(376)

Net current assets			54,716			3,202

Total assets less current liabilities			589,766			616,290

Creditors: amounts falling due after more than one year			(521,050)			(572,899)



Net assets			68,716			43,391

Capital and reserves
Called up share capital			100			100
Profit and loss account			68,616			43,291

Shareholders' funds			68,716			43,391

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.




Megan Houchin
Director
Approved by the board on 9 September 2025

MEG'S CHUCK LTD
Notes to the Abridged Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and property, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. An increase in the carrying value amount of a property asset as a result of revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.





2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Tangible fixed assets			Property
				Total
£
	Cost
	At 1 April 2024			613,088
	Disposals			(78,038)
	At 31 March 2025			535,050

	Depreciation
	At 31 March 2025			-

	Net book value
	At 31 March 2025			535,050
	At 31 March 2024			613,088


4	Controlling party

	The controlling party is Megan Houchin with a 100% shareholding.


5	Other information

	MEG'S CHUCK LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
	1 Castlehill
	Elphinstone
	East Lothian
	United Kingdom
	EH33 2LU