REGISTERED NUMBER: SC564910 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

MCPHERSON HOLDINGS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R McPherson

REGISTERED OFFICE:

37 Portland Road

Kilmarnock

KA1 2DJ

REGISTERED NUMBER:

SC564910 (Scotland)

ACCOUNTANTS:

Gilmour Hamilton LLP

Chartered Accountants

37 Portland Road

KILMARNOCK

Ayrshire

KA1 2DJ

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

1,000,000

1,000,000

1,000,000

1,000,000

CURRENT ASSETS

Debtors

200

200

Cash at bank

23,123

34,756

23,323

34,956

CREDITORS

Amounts falling due within one year

651,459

680,637

NET CURRENT LIABILITIES

(628,136

)

(645,681

)

TOTAL ASSETS LESS CURRENT LIABILITIES

371,864

354,319

PROVISIONS FOR LIABILITIES

73,870

73,870

NET ASSETS

297,994

280,449

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

6

221,610

221,610

Retained earnings

6

76,284

58,739

SHAREHOLDERS' FUNDS

297,994

280,449

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2025 and were signed by:

R McPherson - Director

1.	STATUTORY INFORMATION

McPherson Holdings 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest Pound.

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.

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents rents received which are recognised on a straight-line basis over the lease term.

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

-

33% on cost and 25% on cost

Investment property

Investment property is included at fair value. Fair value gains and losses are recognised in the income statement. Where applicable, deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Unrealised fair value gains and losses are transferred from retained earnings to a fair value reserve to distinguish them from distributable profits.

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).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

and 31 May 2025

4,269

DEPRECIATION

At 1 June 2024

and 31 May 2025

4,269

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

1,000,000

NET BOOK VALUE

At 31 May 2025

1,000,000

At 31 May 2024

1,000,000

The properties have been included in the accounts at an open market valuation of £1,000,000 being the director's estimate of their open market value at 31 May 2025, based on advice received from professional advisers.

6.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 June 2024

58,739

221,610

280,349

Profit for the year

18,045

18,045

Dividends

(500

)

(500

)

At 31 May 2025

76,284

221,610

297,894

7.	RELATED PARTY DISCLOSURES

Creditors, amounts falling due within one year include a loan from the director of £643,817. The loan is unsecured, interest free and repayable repayable on demand.