Company registration number SC660416 (Scotland)
MACAROON PROPERTIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
MACAROON PROPERTIES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MACAROON PROPERTIES LTD
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
1,040,441
1,040,441
Current assets
Debtors
3,699
3,167
Cash at bank and in hand
6,761
7,066
10,460
10,233
Creditors: amounts falling due within one year
5
(9,831)
(5,764)
Net current assets
629
4,469
Total assets less current liabilities
1,041,070
1,044,910
Creditors: amounts falling due after more than one year
6
(1,040,429)
(1,049,154)
Net assets/(liabilities)
641
(4,244)
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
639
(4,246)
Total equity
641
(4,244)

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 15 April 2026
F Craig
Director
Company registration number SC660416 (Scotland)
MACAROON PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

Macaroon Properties Ltd is a private company limited by shares incorporated in Scotland. The registered office is 126 Cowgate, Kirkintilloch, Glasgow, G66 1HF.

1.1
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 £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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.

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.

1.2
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.

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.

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.

MACAROON PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is 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
1
1
MACAROON PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
4
Investment property
2025
£
Fair value
At 1 June 2024 and 31 May 2025
1,040,441

The director has considered the valuation at the year end date and deems it appropriate.

5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
4,041
-
0
Corporation tax
276
-
0
Other taxation and social security
3,534
3,964
Other creditors
1,980
1,800
9,831
5,764
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
1,040,429
1,049,154

The long term loans are secured by a fixed charge over the companies property dat ed 01 December 2023.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
8
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
838,862
846,159
2025-05-31 2024-06-01 false false false 15 April 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity F Craig SC660416 2024-06-01 2025-05-31 SC660416 2025-05-31 SC660416 2024-05-31 SC660416 core:WithinOneYear 2025-05-31 SC660416 core:WithinOneYear 2024-05-31 SC660416 core:AfterOneYear 2025-05-31 SC660416 core:AfterOneYear 2024-05-31 SC660416 core:CurrentFinancialInstruments 2025-05-31 SC660416 core:CurrentFinancialInstruments 2024-05-31 SC660416 core:ShareCapital 2025-05-31 SC660416 core:ShareCapital 2024-05-31 SC660416 core:RetainedEarningsAccumulatedLosses 2025-05-31 SC660416 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC660416 core:ShareCapitalOrdinaryShareClass1 2025-05-31 SC660416 core:ShareCapitalOrdinaryShareClass1 2024-05-31 SC660416 bus:Director1 2024-06-01 2025-05-31 SC660416 2023-06-01 2024-05-31 SC660416 2024-05-31 SC660416 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 SC660416 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 SC660416 core:Non-currentFinancialInstruments 2025-05-31 SC660416 core:Non-currentFinancialInstruments 2024-05-31 SC660416 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 SC660416 bus:OrdinaryShareClass1 2025-05-31 SC660416 bus:OrdinaryShareClass1 2024-05-31 SC660416 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2025-05-31 SC660416 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC660416 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 SC660416 bus:FRS102 2024-06-01 2025-05-31 SC660416 bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 SC660416 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP