REGISTERED NUMBER: SC104911 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Marqglen Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L D Grainger CA

Mrs J F Grainger

Mrs A J Ballingall MBA

SECRETARY:

Mrs A J Ballingall MBA

REGISTERED OFFICE:

Bank Chambers

31 The Square

Cumnock

East Ayrshire

KA18 1AT

REGISTERED NUMBER:

SC104911 (Scotland)

ACCOUNTANTS:

WR Accountants

Bank Chambers

31 The Square

Cumnock

Ayrshire

KA18 1AT

SOLICITORS:

Clark Boyle

33A Gordon Street

Glasgow

G1 3PA

FIXED ASSETS

Tangible assets

4

1,200,080

1,200,097

CURRENT ASSETS

Debtors

5

38,004

74,405

Cash at bank

135,779

79,159

173,783

153,564

CREDITORS

Amounts falling due within one year

6

99,571

97,577

NET CURRENT ASSETS

74,212

55,987

TOTAL ASSETS LESS CURRENT LIABILITIES

1,274,292

1,256,084

PROVISIONS FOR LIABILITIES

50,000

50,000

NET ASSETS

1,224,292

1,206,084

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

1,214,292

1,196,084

SHAREHOLDERS' FUNDS

1,224,292

1,206,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

L D Grainger CA - Director

1.	STATUTORY INFORMATION

Marqglen 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 (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Land is not depreciated.

Depreciation on other assets 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:

Buildings

5% straight Line

Fixtures and fittings

15% reducing balance

Computer Equipment

20% reducing balance

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for retrospectively.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2023

and 30 September 2024

1,200,000

14,990

1,214,990

DEPRECIATION

At 1 October 2023

-

14,893

14,893

Charge for year

-

17

17

At 30 September 2024

-

14,910

14,910

NET BOOK VALUE

At 30 September 2024

1,200,000

80

1,200,080

At 30 September 2023

1,200,000

97

1,200,097

Land and buildings were obtained at cost of £1,200,000 on 1 September 2018 from a related company. The directors have formed the view that the residual value of land and buildings exceeds it's cost value at the balance sheet date. Depreciation has therefore not been charged on buildings in the year under review.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

27,707

38,545

Other debtors

10,297

35,860

38,004

74,405

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Prepaid rental income

41,429

46,306

Trade creditors

7,613

7,147

Amounts owed to group undertakings

780

780

Taxation and social security

24,521

16,637

Other creditors

25,228

26,707

99,571

97,577

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loans (to)/from directors

30.09.24

£

L D Grainger

At 1 October 2023

(18,873

)

Loaned to director

-

Amounts paid to or for company

22,834

At 30 September 2024

3,961

30.09.24

£

A J Ballingall

At 1 October 2023

5,000

Repaid to director

(5,000

)

Amounts paid to or for company

687

At 30 September 2024

687

Interest is charged on directors' loans to the company at 5% per annum. Loans are repayable on demand.

8.	ULTIMATE CONTROLLING PARTY