REGISTERED NUMBER: SC169932 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

McKenzie Properties Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C McKenzie

Mrs B E McKenzie

SECRETARY:

J C McKenzie

REGISTERED OFFICE:

Gardners Cottage

9 Grierson Drive

Deanston

Doune

FK16 6BA

REGISTERED NUMBER:

SC169932 (Scotland)

ACCOUNTANTS:

Armstrongs Accounting Services Limited

7 Dunvegan Drive

Newton Mearns

Glasgow

G77 5EB

SOLICITORS:

Jardine Donaldson

Solicitors

Bank Street

Alloa

FK10 1HP

FIXED ASSETS

Tangible assets

4

2,650,474

3,611,089

CURRENT ASSETS

Debtors

5

1,112

239

Cash at bank

399,493

190,377

400,605

190,616

CREDITORS

Amounts falling due within one year

6

153,552

174,342

NET CURRENT ASSETS

247,053

16,274

TOTAL ASSETS LESS CURRENT LIABILITIES

2,897,527

3,627,363

CREDITORS

Amounts falling due after more than one year

7

-

(859,940

)

PROVISIONS FOR LIABILITIES

(5,285

)

(6,965

)

NET ASSETS

2,892,242

2,760,458

CAPITAL AND RESERVES

Called up share capital

200

200

Share premium

1,244,900

1,244,900

Retained earnings

1,647,142

1,515,358

SHAREHOLDERS' FUNDS

2,892,242

2,760,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 22 July 2026 and were signed on its behalf by:

J C McKenzie - Director

1.	STATUTORY INFORMATION

McKenzie Properties 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.

Turnover

Turnover represents income from property lettings.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

33% on cost and 20% on reducing balance

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.

Taxation 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.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2024

3,583,227

89,400

3,672,627

Disposals

(953,895

)

-

(953,895

)

At 30 November 2025

2,629,332

89,400

2,718,732

DEPRECIATION

At 1 December 2024

-

61,538

61,538

Charge for year

-

6,720

6,720

At 30 November 2025

-

68,258

68,258

NET BOOK VALUE

At 30 November 2025

2,629,332

21,142

2,650,474

At 30 November 2024

3,583,227

27,862

3,611,089

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Other debtors

1,112

239

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Taxation and social security

35,076

80,541

Other creditors

118,476

93,801

153,552

174,342

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

-

859,940

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loans

-

859,940

A Bond and Floating charge and Standard Securities over the properties owned by the company were granted to the Bank of Scotland plc. The floating charge was dated 13th June 2017 and the property charges were registered on 6th July 2017.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount owed to the directors at 30 November 2025 was £109,111 (2024 £83,006).

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J C McKenzie.