REGISTERED NUMBER: SC439809 (Scotland)

Financial Statements for the Year Ended 31 December 2025

for

MACKENZIE PETROLEUM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Mackenzie

REGISTERED OFFICE:

12 Traill Drive

Montrose

Angus

DD10 8SW

REGISTERED NUMBER:

SC439809 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

4

54,401

46,702

CURRENT ASSETS

Debtors

5

558

142

Cash at bank

18,907

637

19,465

779

CREDITORS

Amounts falling due within one year

6

48,811

35,303

NET CURRENT LIABILITIES

(29,346

)

(34,524

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,055

12,178

CREDITORS

Amounts falling due after more than one year

7

1,634

12,172

NET ASSETS

23,421

6

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

23,420

5

SHAREHOLDERS' FUNDS

23,421

6

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 June 2026 and were signed by:

G Mackenzie - Director

1.	STATUTORY INFORMATION

Mackenzie Petroleum 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

Totals

£

£

£

£

COST

At 1 January 2025

44,320

8,478

11,450

64,248

Additions

-

-

9,913

9,913

Disposals

-

-

(5,450

)

(5,450

)

At 31 December 2025

44,320

8,478

15,913

68,711

DEPRECIATION

At 1 January 2025

-

7,951

9,595

17,546

Charge for year

-

202

431

633

Eliminated on disposal

-

-

(3,869

)

(3,869

)

At 31 December 2025

-

8,153

6,157

14,310

NET BOOK VALUE

At 31 December 2025

44,320

325

9,756

54,401

At 31 December 2024

44,320

527

1,855

46,702

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

558

142

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Taxation and social security

25,160

22,359

Other creditors

13,651

2,944

48,811

35,303

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,634

12,172

8.	RELATED PARTY DISCLOSURES

The company was under the control of the director, G F MacKenzie throughout the current and previous year.

During the year the director advanced the company net amounts totalling £10,507. As at 31 December 2025 included within other creditors is a balance outstanding due to the director of £12,811 (2024 - £2,304). No interest has been paid on this loan.