THE MCKNIGHT FINANCIAL GROUP LTD


Director	MCKNIGHT, Graham


Company Secretary	MCKNIGHT, Graham


Registered Address	5th Floor, Moncrieff House
	69 West Nile Street
	Glasgow
	G1 2LT


Registered Number	SC560724 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investments	3		121		121
			121		121
Current assets
Debtors	4	35,194		59,026
Cash at bank and on hand		1,175		548
		36,369		59,574
Creditors amounts falling due within one year	5	(38,798)		(52,966)
Net current assets (liabilities)			(2,429)		6,608
Total assets less current liabilities			(2,308)		6,729
Net assets			(2,308)		6,729
Capital and reserves
Called up share capital			1		1
Profit and loss account			(2,309)		6,728
Shareholders' funds			(2,308)		6,729

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 24 November 2025, and are signed on its behalf by:

MCKNIGHT, Graham
Director
Registered Company No. SC560724

THE MCKNIGHT FINANCIAL GROUP LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 April 24	121
	At 31 March 25	121
	Net book value
	At 31 March 25	121
	At 31 March 24	121

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	35,194	59,026
Total	35,194	59,026

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Other creditors	37,198	51,591
Accrued liabilities and deferred income	1,600	1,375
Total	38,798	52,966

6.	Directors advances, credits and guarantees
	At the year end there is a balance due from the directors of £35,194 (2024: £34,633).

7.	Related party transactions
	At the year end, amounts due to the following companies of which Mr. G McKnight is the director were as follows: Tru Wealth Limited - £Nil (2024: £40,997) Camcris Property Limited - £10,594 (2024: £10,594) Morton Hill - £26,604 (2024: -£24,393)

8.	Controlling party
	The ultimate controlling party is Mr. G McKnight.