iso4217:GBP
xbrli:pure
xbrli:shares
iso4217:GBP
xbrli:shares
SC761302
2025-03-31
SC761302
2024-03-31
SC761302
2024-04-01
2025-03-31
SC761302
2023-03-07
2024-03-31
SC761302
bus:Director1
2024-04-01
2025-03-31
SC761302
bus:SmallEntities
2024-04-01
2025-03-31
SC761302
bus:AuditExemptWithAccountantsReport
2024-04-01
2025-03-31
SC761302
bus:FilletedAccounts
2024-04-01
2025-03-31
SC761302
bus:Director1
2024-04-01
2025-03-31
SC761302
2024-04-01
2025-03-31
SC761302
bus:PrivateLimitedCompanyLtd
2024-04-01
2025-03-31
Registration Number SC761302 (England and Wales)
Filleted Unaudited Financial Statements
for the year ended 31 March 2025
Financial Statements for the year ended 31 March 2025
Tangible assets
2
425,000
425,000
Debtors
4
1,456,077
1,003,395
Cash at bank and in hand
283,228
403,021
Creditors: amounts falling due within one year
5
11,863
6,946
Net current assets
1,727,442
1,399,470
Total assets less current liabilities
2,152,446
1,824,474
Net assets
2,152,446
1,824,474
Called up share capital
6
4
4
Profit and loss account
2,152,442
1,824,470
Shareholder's funds
2,152,446
1,824,474
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. These financial statements and reports have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the statement of comprehensive income has been taken.
For the year ended 31 March 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its accounts for the year ended 31 March 2025 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for 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 were approved and authorised for issue by the Board of Directors on 17 December 2025.
Financial Statements for the year ended 31 March 2025
The notes on pages 3 to 6 form part of these accounts.
Company registration number: SC761302
Financial Statements for the year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
1.
Summary of significant accounting policies
1.1
General information and basis of preparation
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 61 Dublin Street, Edinburgh, United Kingdom, EH3 6NL.
These financial statements have been prepared in accordance with FRS 102 the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland as adapted by Section 1A of FRS 102 and the Companies Act 2006.
The financial statements are prepared in sterling (£) which is the functional currency of the company and rounded to the nearest £.
The financial statements have been prepared on a going concern basis. The directors have assessed the Company's ability to continue as a going concern and have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
1.2
Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss
Investments in joint ventures / associates are measured at cost less impairment.
Financial Statements for the year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
1.4
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Basic financial liabilities, which include trade and other creditors are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
At each reporting date the company assesses whether there is objective evidence that any financial asset has been impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due. The amount of the provision is recognised immediately in profit or loss.
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial Statements for the year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
Balances at year end and movements for the year
At 01 April 2024 and 31 March 2025
-
3.1
Movement in investments
Shares in group undertakings
£
3.2
Subsidiary undertakings
Registrated Office
Class of share
Percentage of shares held
Mackenzie Hughes Limited
4 Old Toolbooth Wynd
Calton Road
Edinburgh
EH8 8EQ
Ordinary
100
Financial Statements for the year ended 31 March 2025
NOTES TO THE FINANCIAL STATEMENTS
Other debtors
1,456,077
1,003,395
5.
Creditors: amounts falling due within one year
Creditors: amounts falling due within one year comprise:
Other creditors
3,300
3,300
Amounts owed to group undertakings in which the company has a participating interest
-
2,571
Corporation tax
8,563
1,075
6.
Called up share capital
Authorised
2025
Number
2024
Number
Ordinary shares of £0.10 each
40
40
Alloted, called up and fully paid
2025
£
2024
£
Related party transactions
On 12 April 2023 Mackenzie Ardloch Limited completed a share exchange agreement with the shareholders of Mackenzie Hughes Limited for 100% of Mackenzie Hughes shares. Assets from Mackenzie Hughes Limited were hived up to Mackenzie Ardloch Limited on 12 April 2023, in relation to assets, cash and loans held by Mackenzie Hughes Limited totaling £1,825,145.
At 31 March 2025, Mackenzie Ardloch Limited was owed £948,080 from Junction37 Limited. R Forteath as a director of both companies
Also at 31 March 2025, Mackenzie Ardloch Limited is due £292,474 (2024: -£2,752) to Mackenzie Hughes Ltd. Mackenzie Ardloch Limited is the controlling entity of Mackenzie Hughes as outlined above.
There is no fixed term of repayment and there is no interest charged on amounts owed or due to Mackenzie Ardloch Limited
The company has an unrecognised deferred tax liability of £32,549 (2024: £24,737) on potential future capital gains, the likelihood of which cannot at this stage be determined with reasonable certainty.
Appendix - Additional XBRL Tags and Values
Accounting standards applied
Accounts status, audited or unaudited
Average number of employees during the period
Average number of employees during the period
Date of authorisation of financial statements for issue
Director signing Directors' Report
Director signing financial statements
End date for period covered by report
Entity current legal or registered name
Entity is dormant [true/false]
Name of individual auditor
Name of production software
Start date for period covered by report
UK Companies House registered number