MC Holdings (Scotland) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC576396 (Scotland)

MC HOLDINGS (SCOTLAND) LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Millar

R Callaghan

REGISTERED OFFICE:

10 Arkwright Way

North Newmoor Industrial Estate

Irvine

Ayrshire

KA11 4JU

REGISTERED NUMBER:

SC576396 (Scotland)

ACCOUNTANTS:

JRD Partnership Ltd

Chartered Accountants

11 Portland Road

Kilmarnock

Ayrshire

KA1 2BT

FIXED ASSETS

Investments

4

10,000

CURRENT ASSETS

Debtors

5

-

150,145

Investments

6

10,938

Cash at bank

501,219

1,219

512,157

162,302

CREDITORS

Amounts falling due within one year

7

421,839

71,984

NET CURRENT ASSETS

90,318

TOTAL ASSETS LESS CURRENT
LIABILITIES

100,318

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

99,318

SHAREHOLDERS' FUNDS

100,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th December 2025 and were signed on its behalf by:

D Millar - Director

1.	STATUTORY INFORMATION

MC Holdings (Scotland) Ltd 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.

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 as modified by the revaluation of certain assets.

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 Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1st April 2024

and 31st March 2025

10,000

NET BOOK VALUE

At 31st March 2025

10,000

At 31st March 2024

10,000

Cost or valuation at 31st March 2025 is represented by:

Shares in

group

undertakings

£

Cost

10,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

-

150,145

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

Unlisted investments

10,938

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed to group undertakings

420,405

71,105

Other creditors

1,434

879

421,839

71,984

8.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £349,300 to Millar Callaghan Engineering Ltd, a company controlled by the directors.

At the balance sheet date the company owed £71,105 to MASR Fabrications Ltd, the ultimate holding company.