Mcilhiney Ltd 31/01/2026 iXBRL

Company registration number: 15431047

Mcilhiney Ltd

Trading as Mcilhiney Ltd

Unaudited filleted financial statements

31 January 2026

Mcilhiney Ltd

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Mcilhiney Ltd

Directors and other information


	Directors	John Mcilhiney
		Julie Mcilhiney


	Company number	15431047


	Registered office	36 Commercial Street
		Tredegar
		NP22 3DJ


	Business address	Bryngolwg
		Warford Road
		Caerphilly
		CF83 1NE

Mcilhiney Ltd

Statement of financial position

31 January 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Investments	4	153,431		153,431
		_______		_______
			153,431		153,431

Current assets
Debtors	5	100		100
Cash at bank and in hand		27		17
		_______		_______
		127		117
Creditors: amounts falling due
within one year	6	( 156,114)		( 155,888)
		_______		_______
Net current liabilities			( 155,987)		( 155,771)
			_______		_______
Total assets less current liabilities			( 2,556)		( 2,340)

			_______		_______
Net liabilities			( 2,556)		( 2,340)
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			( 2,656)		( 2,440)
			_______		_______
Shareholders deficit			( 2,556)		( 2,340)
			_______		_______

For the year ending 31 January 2026 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.

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 comprehensive income has not been delivered.

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

John Mcilhiney

Director

Company registration number: 15431047

Mcilhiney Ltd

Statement of changes in equity

Year ended 31 January 2026

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 February 2024	-	-	-

Loss for the year		( 2,440)	( 2,440)
	_______	_______	_______
Total comprehensive income for the year	-	( 2,440)	( 2,440)

Issue of shares	100		100
	_______	_______	_______
Total investments by and distributions to owners	100	-	100

	_______	_______	_______
At 31 January 2025 and 1 February 2025	100	( 2,440)	( 2,340)

Loss for the year		( 216)	( 216)
	_______	_______	_______
Total comprehensive income for the year	-	( 216)	( 216)

	_______	_______	_______
At 31 January 2026	100	( 2,656)	( 2,556)
	_______	_______	_______

Mcilhiney Ltd

Notes to the financial statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 36 Commercial Street, Tredegar, NP22 3DJ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Fixed asset investments

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.

Impairment

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. 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 are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 February 2025 and 31 January 2026	153,431	153,431
	_______	_______
Impairment
At 1 February 2025 and 31 January 2026	-	-
	_______	_______
Carrying amount
At 31 January 2026	153,431	153,431
	_______	_______
At 31 January 2025	153,431	153,431
	_______	_______

5. Debtors

	2026	2025
	£	£
Other debtors	100	100
	_______	_______

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Other creditors	156,114	155,888
	_______	_______

7. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2026
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	John Mcilhiney	( 155,744)	( 370)	( 156,114)
		_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	John Mcilhiney	-	( 155,744)	( 155,744)
		_______	_______	_______