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REGISTERED NUMBER: SC043738 (Scotland)

MCCRINDLE GROUP LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

MCCRINDLE GROUP LIMITED (REGISTERED NUMBER: SC043738)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

MCCRINDLE GROUP LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2024

| DIRECTOR: | W R McCrindle MBE

| SECRETARY: | B D Kerr

| REGISTERED OFFICE: | 126 Meadowfoot Road

| West Kilbride

| Ayrshire

| KA23 9BZ

| REGISTERED NUMBER: | SC043738 (Scotland)

| ACCOUNTANTS: | JRD Partnership Ltd

| Chartered Accountants

| 11 Portland Road

| Kilmarnock

| Ayrshire

| KA1 2BT

| BANKERS: | Royal Bank of Scotland

| 69 High Street

| Irvine

| KA12 0AL

MCCRINDLE GROUP LIMITED (REGISTERED NUMBER: SC043738)

BALANCE SHEET

31ST DECEMBER 2024

| 2024 | 2023 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,561 |  | 1,509 |  |

Investments | 5 | 90,000 |  | 90,000 |  |

Investment property | 6 | 2,680,000 |  | 2,080,000 |  |

2,771,561 |  | 2,171,509 |  |

CURRENT ASSETS

Debtors | 7 | 50,062 |  | 47,640 |  |

Cash at bank and in hand | 377,648 |  | 32,428 |  |

427,710 |  | 80,068 |  |

CREDITORS

Amounts falling due within one year | 8 | 26,502 |  | 36,658 |  |

NET CURRENT ASSETS | 401,208 |  | 43,410 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,172,769 |  | 2,214,919 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (90,000 | ) | (90,000 | ) |

PROVISIONS FOR LIABILITIES | (640,322 | ) | (454,793 | ) |

NET ASSETS | 2,442,447 |  | 1,670,126 |  |

CAPITAL AND RESERVES

Called up share capital | 100,000 |  | 100,000 |  |

Revaluation reserve | 11 | 2,559,725 |  | 1,817,882 |  |

Capital redemption reserve | 35,000 |  | 35,000 |  |

Retained earnings | (252,278 | ) | (282,756 | ) |

SHAREHOLDERS' FUNDS | 2,442,447 |  | 1,670,126 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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.

MCCRINDLE GROUP LIMITED (REGISTERED NUMBER: SC043738)

BALANCE SHEET - continued

31ST DECEMBER 2024

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 director and authorised for issue on 18th September 2025 and were signed by:

W R McCrindle MBE - Director

MCCRINDLE GROUP LIMITED (REGISTERED NUMBER: SC043738)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

1. | STATUTORY INFORMATION

| McCrindle Group 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.

| 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 cost and 10% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1st January 2024 | 320,794 |  |

| Additions | 400 |  |

| At 31st December 2024 | 321,194 |  |

| DEPRECIATION

| At 1st January 2024 | 319,285 |  |

| Charge for year | 348 |  |

| At 31st December 2024 | 319,633 |  |

| NET BOOK VALUE

| At 31st December 2024 | 1,561 |  |

| At 31st December 2023 | 1,509 |  |

MCCRINDLE GROUP LIMITED (REGISTERED NUMBER: SC043738)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1st January 2024

| and 31st December 2024 | 90,000 |  |

| NET BOOK VALUE

| At 31st December 2024 | 90,000 |  |

| At 31st December 2023 | 90,000 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st January 2024 | 2,080,000 |  |

| Disposals | (248,246 | ) |

| Revaluations | 848,246 |  |

| At 31st December 2024 | 2,680,000 |  |

| DEPRECIATION

| Eliminated on disposal | (106,403 | ) |

| Revaluation adjustments | 106,403 |  |

| At 31st December 2024 | - |  |

| NET BOOK VALUE

| At 31st December 2024 | 2,680,000 |  |

| At 31st December 2023 | 2,080,000 |  |

| Fair value at 31st December 2024 is represented by:

£ |

| Valuation in 2006 | 609,487 |  |

| Valuation in 2012 | 580,000 |  |

| Valuation in 2016 | 215,000 |  |

| Valuation in 2020 | (50,000 | ) |

| Valuation in 2021 | 250,000 |  |

| Valuation in 2024 | 848,246 |  |

| Cost | 227,267 |  |

2,680,000 |  |

MCCRINDLE GROUP LIMITED (REGISTERED NUMBER: SC043738)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

6. | INVESTMENT PROPERTY - continued

| The director has considered the fair value of the company's investment property as follows:

| Property at Ardrossan - £2,680,000

| This assessment takes into consideration an external valuation of part of the Ardrossan property which was carried out by Alistair G. Paterson, FRICS, on 14 September 2021.

| This was in respect of the fair value of the existing property lease with a third party which was reported at £680,000 as at 31 December 2020. The valuation of the Ardrossan property also takes into consideration an adjacent residential development site which was valued by the director at £1,000,000 as at 31st December 2021.

| The director's valuation has been increased to £2,000,000 as at 31st December 2024, taking into consideration current market conditions and increased sales potential. Although a formal valuation has not been carried out, the Director's valuation takes into consideration third party evidence of similar land values.

| The formal title to the land in respect of the above property is held by the wholly owned subsidiary company, McCrindle Tooling Limited (SC058557). The Kilmarnock property was sold during August 2024 and, although the title was formerly held by the subsidiary company, the sales and the related tax liability is incorporated within these financial statements.

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| as restated |

£ | £ |

| Other debtors | 50,062 |  | 47,640 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| as restated |

£ | £ |

| Bank loans and overdrafts | - |  | 18,637 |  |

| Trade creditors | 372 |  | - |  |

| Taxation and social security | 24,376 |  | 15,772 |  |

| Other creditors | 1,754 |  | 2,249 |  |

26,502 |  | 36,658 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

| as restated |

£ | £ |

| Amounts owed to group undertakings | 90,000 |  | 90,000 |  |

MCCRINDLE GROUP LIMITED (REGISTERED NUMBER: SC043738)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

| as restated |

£ | £ |

| Bank loans | - |  | 18,637 |  |

11. | RESERVES

| Revaluation

| reserve

£ |

| At 1st January 2024 | 1,817,882 |  |

| Revaluation in year | 741,843 |  |

| At 31st December 2024 | 2,559,725 |  |

12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024 | 2023 |

| as restated |

£ | £ |

| W R McCrindle MBE

| Balance outstanding at start of year | 42,000 |  | - |  |

| Amounts advanced | 50,000 |  | 42,000 |  |

| Amounts repaid | (42,000 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 50,000 |  | 42,000 |  |

| The opening loan balance was fully repaid on 6th April 2024.

| The closing loan was fully repaid on 30th September 2025.

| The loan balance includes interest charged by the company of £783.

13. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr W R McCrindle MBE who owns 60% of the share capital.