23 false false false false false false false false false false true false false false false false false No description of principal activity 2024-10-01 Sage Accounts Production Advanced 2025 - FRS102_2025 886,620 100,000 986,620 886,620 100,000 xbrli:pure xbrli:shares iso4217:GBP SC335501 2024-10-01 2025-09-30 SC335501 2025-09-30 SC335501 2024-09-30 SC335501 2024-04-01 2024-09-30 SC335501 2024-09-30 SC335501 2024-03-31 SC335501 core:FurnitureFittings 2024-10-01 2025-09-30 SC335501 bus:LeadAgentIfApplicable 2024-10-01 2025-09-30 SC335501 bus:Director1 2024-10-01 2025-09-30 SC335501 core:NetGoodwill 2025-09-30 SC335501 core:FurnitureFittings 2024-09-30 SC335501 core:FurnitureFittings 2025-09-30 SC335501 core:NetGoodwill 2024-10-01 2025-09-30 SC335501 core:WithinOneYear 2025-09-30 SC335501 core:WithinOneYear 2024-09-30 SC335501 core:ShareCapital 2025-09-30 SC335501 core:ShareCapital 2024-09-30 SC335501 core:RetainedEarningsAccumulatedLosses 2025-09-30 SC335501 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC335501 core:NetGoodwill 2024-09-30 SC335501 bus:SmallEntities 2024-10-01 2025-09-30 SC335501 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 SC335501 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 SC335501 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC335501 bus:FullAccounts 2024-10-01 2025-09-30 SC335501 core:OfficeEquipment 2024-10-01 2025-09-30 SC335501 core:OfficeEquipment 2024-09-30 SC335501 core:OfficeEquipment 2025-09-30
COMPANY REGISTRATION NUMBER: SC335501

Macdonald Henderson Limited

Filleted Unaudited Financial Statements

30 September 2025

Macdonald Henderson Limited

Financial Statements

Year ended 30 September 2025

Contents | Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 4

Macdonald Henderson Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Macdonald Henderson Limited

Year ended 30 September 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Macdonald Henderson Limited for the year ended 30 September 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Macdonald Henderson Limited, as a body, in accordance with the terms of our engagement letter dated 30 October 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Macdonald Henderson Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Macdonald Henderson Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Macdonald Henderson Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Macdonald Henderson Limited. You consider that Macdonald Henderson Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Macdonald Henderson Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
21 April 2026

Macdonald Henderson Limited

Statement of Financial Position

30 September 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Intangible assets | 5 |  | 100,000 | –
Tangible assets | 6 |  | 10,785 | 10,079
|  | --------- | --------
|  | 110,785 | 10,079

Current assets

Work in Progress | 75,668 |  | 85,272
Debtors | 7 | 763,058 |  | 553,856
Cash at bank and in hand | 8,813,239 |  | 4,500,198
| ------------ |  | ------------
| 9,651,965 |  | 5,139,326

Creditors: amounts falling due within one year | 8 | 8,561,132 |  | 3,651,853
| ------------ |  | ------------
Net current assets |  | 1,090,833 | 1,487,473
|  | ------------ | ------------
Total assets less current liabilities |  | 1,201,618 | 1,497,552
|  | ------------ | ------------
Net assets |  | 1,201,618 | 1,497,552
|  | ------------ | ------------

Capital and reserves

Called up share capital |  | 7 | 7
Profit and loss account |  | 1,201,611 | 1,497,545
|  | ------------ | ------------
Shareholders funds |  | 1,201,618 | 1,497,552
|  | ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Macdonald Henderson Limited

Statement of Financial Position (continued)

30 September 2025
These financial statements were approved by the board of directors and authorised for issue on 21 April 2026 , and are signed on behalf of the board by:

Mr D B Beveridge
Director

Company registration number: SC335501

Macdonald Henderson Limited

Notes to the Financial Statements

Year ended 30 September 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Standard Buildings 4th Floor, 94 Hope Street, Glasgow, G2 6PH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue is generated from the provision of legal services to clients, invoiced on completion of work. Where work is substantially completed a figure for Work In Progress is included based on time records.
Income tax
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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | Evenly over 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible 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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures & Fittings | - | 20% straight line
| Equipment | - | 33% straight line

Impairment of fixed assets
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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Work in progress
Work in progress is measured at the estimated value of legal work provided at the year end based on time records.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 23 (2024: 18 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1 October 2024 | 886,620
Additions | –
Acquisitions through business combinations | 100,000
| ---------
At 30 September 2025 | 986,620
| ---------
Amortisation |
At 1 October 2024 and 30 September 2025 | 886,620
| ---------
Carrying amount |
At 30 September 2025 | 100,000
| ---------
At 30 September 2024 | –
| ---------

6. Tangible assets

| Fixtures and fittings | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 October 2024 | 25,427 | 36,827 | 62,254
Additions | 4,971 | – | 4,971
| -------- | -------- | --------
At 30 September 2025 | 30,398 | 36,827 | 67,225
| -------- | -------- | --------
Depreciation |  |  |
At 1 October 2024 | 25,427 | 26,748 | 52,175
Charge for the year | 234 | 4,031 | 4,265
| -------- | -------- | --------
At 30 September 2025 | 25,661 | 30,779 | 56,440
| -------- | -------- | --------
Carrying amount |  |  |
At 30 September 2025 | 4,737 | 6,048 | 10,785
| -------- | -------- | --------
At 30 September 2024 | – | 10,079 | 10,079
| -------- | -------- | --------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 280,652 | 185,847
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 463,340 | –
Other debtors | 19,066 | 368,009
| --------- | ---------
| 763,058 | 553,856
| --------- | ---------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Corporation tax | 79,359 | 378,646
Social security and other taxes | 154,765 | 150,726
Other creditors | 8,327,008 | 3,122,481
| ------------ | ------------
| 8,561,132 | 3,651,853
| ------------ | ------------

Included within other creditors is an amount of £8,221,782 due to clients at the year end. (2024: £3,056,650). These funds are held in a Client Bank Accounts within the company's cash at bank and in hand.
9. Directors' advances, credits and guarantees
The company was under the control of Mr D B Beveridge , director throughout the current and previous period. Mr Beveridge is the managing director and majority shareholder. At the year end Mr Beveridge owed the company £39. (2024: £288,326).
10. Related party transactions
The company was owed £463,340 from to its parent company Macdonald Henderson Group Limited.
11. Controlling party
The company is under the control of Mr D B Beveridge, by virtue of his controlling interest in the company's parent, Macdonald Henderson Group Limited.