Company registration number SC314901 (Scotland)
MCTAGGART GROUP LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MCTAGGART GROUP LIMITED
COMPANY INFORMATION
Directors
G Climson
A T Anderson
Company number
SC314901
Registered office
Tod House
Templand Road
Dalry
Ayrshire
United Kingdom
KA24 5EU
Auditor
Azets Audit Services
Titanium 1
Kings Inch Place
Renfrew
United Kingdom
PA4 8WF
MCTAGGART GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
MCTAGGART GROUP LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
4
10,669,082
10,669,082
Current assets
Debtors
7
3,782
3,782
Cash at bank and in hand
3
3
3,785
3,785
Creditors: amounts falling due within one year
8
(3,645,347)
(3,645,347)
Net current liabilities
(3,641,562)
(3,641,562)
Net assets
7,027,520
7,027,520
Capital and reserves
Called up share capital
130,480
130,480
Share premium account
4,775,949
4,775,949
Capital redemption reserve
44,000
44,000
Profit and loss reserves
9
2,077,091
2,077,091
Total equity
7,027,520
7,027,520

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

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

The financial statements were approved by the board of directors and authorised for issue on 10 October 2025 and are signed on its behalf by:
A T Anderson
Director
Company Registration No. SC314901
MCTAGGART GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Share capital
Share premium account
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 April 2023
130,480
4,775,949
44,000
2,077,091
7,027,520
Year ended 31 March 2024:
Profit and total comprehensive income for the year
-
-
-
3,020,000
3,020,000
Dividends
-
-
-
(3,020,000)
(3,020,000)
Balance at 31 March 2024
130,480
4,775,949
44,000
2,077,091
7,027,520
Year ended 31 March 2025:
Profit and total comprehensive income for the year
-
-
-
3,030,000
3,030,000
Dividends
-
-
-
(3,030,000)
(3,030,000)
Balance at 31 March 2025
130,480
4,775,949
44,000
2,077,091
7,027,520
MCTAGGART GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

McTaggart Group Limited is a private company limited by shares incorporated in Scotland. The registered office is Tod House, Templand Road, Dalry, Ayrshire, United Kingdom, KA24 5EU.

1.1
Accounting convention

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: The disclosure requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b), 11.48(c), 12.26, 12.27, 12.29(a), 12.29(b), and 12.29A;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

McTaggart Group Limited is a wholly owned subsidiary and the results of McTaggart Group Limited are included in the consolidated financial statements of McTaggart Group Holdings Limited which are publicly available from the Registrar of Companies.

1.2
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
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.

MCTAGGART GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.4
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.

1.5
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.

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.

MCTAGGART GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Employees
2025
2024
Number
Number
Total
0
0
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
10,669,082
10,669,082
5
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Indirect
McTaggart Construction Limited
Tod House, Templand Road, Dalry, KA24 5AB
Construction
Ordinary
100.00
-
Laurel Homes Limited
Tod House, Templand Road, Dalry, KA24 5AB
Dormant
Ordinary
0
100.00
6
Associates

Details of the company's associates at 31 March 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Indirect
Tod Timber Engineering Limited
Tod House, Templand Road, Dalry KA24 5EU
Timber engineering
Ordinary
0
30.00
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
3,782
3,782
MCTAGGART GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
8
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
3,645,265
3,645,265
Other creditors
82
82
3,645,347
3,645,347
9
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
2,077,091
2,077,091
Profit for the year
3,030,000
3,020,000
Dividends declared and paid in the year
(3,030,000)
(3,020,000)
At the end of the year
2,077,091
2,077,091
10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Alan Brown
Statutory Auditor:
Azets Audit Services
11
Parent company

T he ultimate parent company is McTaggart Group Holdings Limited, a company registered in Scotland. McTaggart Group Holdings Limited is under the control of Mr A Anderson and Mrs R Anderson. The consolidated financial statements of McTaggart Group Holdings Limited are publicly available and may be obtained from the Registrar of Companies.

2025-03-31 2024-04-01 false false false 10 October 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity G Climson A T Anderson SC314901 2024-04-01 2025-03-31 SC314901 bus:Director1 2024-04-01 2025-03-31 SC314901 bus:Director2 2024-04-01 2025-03-31 SC314901 bus:RegisteredOffice 2024-04-01 2025-03-31 SC314901 2025-03-31 SC314901 2024-03-31 SC314901 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 SC314901 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 SC314901 core:CurrentFinancialInstruments 2025-03-31 SC314901 core:CurrentFinancialInstruments 2024-03-31 SC314901 core:ShareCapital 2025-03-31 SC314901 core:ShareCapital 2024-03-31 SC314901 core:SharePremium 2025-03-31 SC314901 core:SharePremium 2024-03-31 SC314901 core:CapitalRedemptionReserve 2025-03-31 SC314901 core:CapitalRedemptionReserve 2024-03-31 SC314901 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC314901 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC314901 core:ShareCapital 2023-03-31 SC314901 core:SharePremium 2023-03-31 SC314901 core:CapitalRedemptionReserve 2023-03-31 SC314901 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC314901 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC314901 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 SC314901 2023-04-01 2024-03-31 SC314901 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 SC314901 core:Subsidiary1 2024-04-01 2025-03-31 SC314901 core:Subsidiary2 2024-04-01 2025-03-31 SC314901 core:Subsidiary1 1 2024-04-01 2025-03-31 SC314901 core:Subsidiary2 2 2024-04-01 2025-03-31 SC314901 core:Associate1 2024-04-01 2025-03-31 SC314901 core:Associate1 1 2024-04-01 2025-03-31 SC314901 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC314901 bus:FRS102 2024-04-01 2025-03-31 SC314901 bus:Audited 2024-04-01 2025-03-31 SC314901 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC314901 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP