Company registration number SC774026 (Scotland)
MCINRUE HQ NORTH LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
MCINRUE HQ NORTH LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MCINRUE HQ NORTH LTD
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
257,128
139,170
Current assets
Debtors
5
-
0
104
Cash at bank and in hand
129
35,201
129
35,305
Creditors: amounts falling due within one year
6
(90,253)
(78,156)
Net current liabilities
(90,124)
(42,851)
Total assets less current liabilities
167,004
96,319
Creditors: amounts falling due after more than one year
7
(168,622)
(97,500)
Net liabilities
(1,618)
(1,181)
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
(1,718)
(1,281)
Total equity
(1,618)
(1,181)

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 September 2025 and are signed on its behalf by:
Rachael McInrue
Director
Company registration number SC774026 (Scotland)
MCINRUE HQ NORTH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

McInrue HQ North Ltd is a private company limited by shares incorporated in Scotland. The registered office is 28 Charleston Drive, Dundee, DD2 2EY.

1.1
Reporting period

The company was incorporated on 28 th June 202 3 and the accounts have been prepared from the date of incorporation to 3 0th June 202 4.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

These financial statements for the year ended 30 June 2025 are the first financial statements of McInrue HQ North Ltd prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

MCINRUE HQ NORTH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

MCINRUE HQ NORTH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
4
Investment property
2025
£
Fair value
At 1 July 2024
139,170
Additions
117,958
At 30 June 2025
257,128

Investment property comprises residential property for letting in Scotland. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 4th of April 2024 by an independent firm of chartered surveyors. The directors believe there has been no material change in the value since that date.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
-
0
104
MCINRUE HQ NORTH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,032
-
0
Other creditors
85,221
78,156
90,253
78,156

O ther creditors include loans of £84,172 from the directors. There are no formal repayment terms of these loans.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
168,622
97,500

There is a standard security held over 27B Bonnybank Road and 3 Gourdie Road, Dundee in favour of The Mortgage Works (UK) PLC.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
9
Parent company

The ultimate controlling party are directors.

2025-06-30 2024-07-01 false false false 25 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity D McInrue R L McInrue SC774026 2024-07-01 2025-06-30 SC774026 2025-06-30 SC774026 2024-06-30 SC774026 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 SC774026 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 SC774026 core:Non-currentFinancialInstruments core:AfterOneYear 2025-06-30 SC774026 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 SC774026 core:CurrentFinancialInstruments 2025-06-30 SC774026 core:CurrentFinancialInstruments 2024-06-30 SC774026 core:ShareCapital 2025-06-30 SC774026 core:ShareCapital 2024-06-30 SC774026 core:RetainedEarningsAccumulatedLosses 2025-06-30 SC774026 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC774026 core:ShareCapitalOrdinaryShareClass1 2025-06-30 SC774026 core:ShareCapitalOrdinaryShareClass1 2024-06-30 SC774026 bus:Director2 2024-07-01 2025-06-30 SC774026 2023-06-28 2024-06-30 SC774026 2024-06-30 SC774026 core:WithinOneYear 2025-06-30 SC774026 core:WithinOneYear 2024-06-30 SC774026 core:Non-currentFinancialInstruments 2025-06-30 SC774026 core:Non-currentFinancialInstruments 2024-06-30 SC774026 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-01 2025-06-30 SC774026 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-01 2025-06-30 SC774026 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 SC774026 bus:OrdinaryShareClass1 2025-06-30 SC774026 bus:OrdinaryShareClass1 2024-06-30 SC774026 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC774026 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC774026 bus:FRS102 2024-07-01 2025-06-30 SC774026 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 SC774026 bus:Director1 2024-07-01 2025-06-30 SC774026 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP