REGISTERED NUMBER: SC651430 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

McDougall Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs F A McDougall

B McDougall

REGISTERED OFFICE:

14 Park Crescent

Inchinnan

PA4 9PW

REGISTERED NUMBER:

SC651430 (Scotland)

ACCOUNTANTS:

Armstrongs Accounting Services Limited

7 Dunvegan Drive

Newton Mearns

Glasgow

G77 5EB

FIXED ASSETS

Tangible assets

4

-

15,981

CURRENT ASSETS

Debtors

5

3,364

43,165

Cash at bank

1,081

24,653

4,445

67,818

CREDITORS

Amounts falling due within one year

6

-

37,220

NET CURRENT ASSETS

4,445

30,598

TOTAL ASSETS LESS CURRENT LIABILITIES

4,445

46,579

CREDITORS

Amounts falling due after more than one year

7

-

(7,787

)

PROVISIONS FOR LIABILITIES

-

(3,036

)

NET ASSETS

4,445

35,756

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

4,435

35,746

4,445

35,756

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

B McDougall - Director

1.	STATUTORY INFORMATION

McDougall Property 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

40,786

Disposals

(40,786

)

At 31 January 2026

-

DEPRECIATION

At 1 February 2025

24,805

Eliminated on disposal

(24,805

)

At 31 January 2026

-

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

15,981

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2025

9,731

Disposals

(15,080

)

At 31 January 2026

(5,349

)

DEPRECIATION

At 1 February 2025

(2,191

)

Eliminated on disposal

(6,630

)

At 31 January 2026

(8,821

)

NET BOOK VALUE

At 31 January 2026

3,472

At 31 January 2025

11,922

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

-

17,183

Other debtors

3,364

25,982

3,364

43,165

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

-

10,000

Hire purchase contracts

-

3,103

Trade creditors

-

10,308

Taxation and social security

-

431

Other creditors

-

13,378

-

37,220

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

-

4,168

Hire purchase contracts

-

3,619

-

7,787

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors had advanced funds to the company on an interest free basis and without formal repayment terms. The amount owed at 31 January 2026 is £nil (2025 £13,379).

The directors are directors and shareholder of Brifi Limited. In the course of the year under review a loan had been provided to Brifi Limited which was interest free and had no formal repayment terms. The loan was repaid in the year under review. At 31st January 2026 the amount owed by Brifi Limited was £nil (2025 - £10,000).