REGISTERED NUMBER: SC250018 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 May 2026

for

Mackinco (32) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr W S West

Mr J C Buchan Jnr

REGISTERED OFFICE:

14 Carden Place

Aberdeen

AB10 1UR

REGISTERED NUMBER:

SC250018 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Intangible assets

4

1,200,000

1,200,000

CURRENT ASSETS

Debtors

5

-

60,000

Cash at bank

31,281

13,949

31,281

73,949

CREDITORS

Amounts falling due within one year

6

31,169

30,825

NET CURRENT ASSETS

112

43,124

TOTAL ASSETS LESS CURRENT LIABILITIES

1,200,112

1,243,124

PROVISIONS FOR LIABILITIES

264,962

264,962

NET ASSETS

935,150

978,162

CAPITAL AND RESERVES

Called up share capital

32

32

Revaluation reserve

7

841,038

841,038

Retained earnings

7

94,080

137,092

SHAREHOLDERS' FUNDS

935,150

978,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2026 and were signed on its behalf by:

Mr J C Buchan Jnr - Director

1.	STATUTORY INFORMATION

Mackinco (32) Limited 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 as modified by the revaluation of certain assets.

Turnover

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

Intangible assets

Intangible assets comprise of a fishing licence which was initially measured at cost. After initial recognition, the licence is measured on a valuation basis and is reported at fair value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Current tax 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 NIL (2025 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

At 1 June 2025

and 31 May 2026

1,200,000

NET BOOK VALUE

At 31 May 2026

1,200,000

At 31 May 2025

1,200,000

Cost or valuation at 31 May 2026 is represented by:

Other

intangible

assets

£

Valuation in 2020

1,106,000

Cost

94,000

1,200,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Trade debtors

-

60,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Taxation and social security

19,557

19,207

Other creditors

11,612

11,618

31,169

30,825

7.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 June 2025

137,092

841,038

978,130

Profit for the year

40,188

-

40,188

Dividends

(83,200

)

-

(83,200

)

At 31 May 2026

94,080

841,038

935,118