REGISTERED NUMBER: SC203026 (Scotland)

Unaudited Financial Statements for the Year Ended 27 September 2024

for

Marqglen Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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:

SC203026 (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

39,769

45,537

Investments

5

10,102

10,102

49,871

55,639

CURRENT ASSETS

Debtors

6

2,487

6,754

Cash at bank

2,390

10,335

4,877

17,089

CREDITORS

Amounts falling due within one year

7

8,554

10,577

NET CURRENT (LIABILITIES)/ASSETS

(3,677

)

6,512

TOTAL ASSETS LESS CURRENT LIABILITIES

46,194

62,151

CAPITAL AND RESERVES

Called up share capital

10,100

10,100

Retained earnings

36,094

52,051

SHAREHOLDERS' FUNDS

46,194

62,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 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 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Marqglen Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & machinery

10% straight line

Fixtures & fittings

10% straight line

Computer equipment

33.33% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Frs25 (ias 32) financial instruments: disclosure and presentation

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the equity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classified as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains and losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial , liability then this is classified as an equity instrument. Dividends and distributions relating to equity instruments are debited directly to equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 28 September 2023

73,611

Additions

1,053

At 27 September 2024

74,664

DEPRECIATION

At 28 September 2023

28,074

Charge for year

6,821

At 27 September 2024

34,895

NET BOOK VALUE

At 27 September 2024

39,769

At 27 September 2023

45,537

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 28 September 2023

and 27 September 2024

10,102

NET BOOK VALUE

At 27 September 2024

10,102

At 27 September 2023

10,102

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.9.24

27.9.23

£

£

Trade debtors

612

5,124

Other debtors

1,875

1,630

2,487

6,754

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.9.24

27.9.23

£

£

Trade creditors

2,139

945

Taxation and social security

37

37

Other creditors

6,378

9,595

8,554

10,577

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loans from directors

27.9.24

L D Grainger

£

At 27 September 2023

592

Advanced

4080

At 27 September 2024

4,672

27.9.24

A J Ballingall

£

At 27 September 2023

-

Advanced

350

At 27 September 2024

350

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

9.	ULTIMATE CONTROLLING PARTY

The controlling party is L D Grainger CA.