MCGOLDRICK PROPERTIES LTD


Director	MCGOLDRICK, Mark


Registered Address	4 Cairnhill Road
	Airdrie
	ML6 9EU


Registered Number	SC772993 (Scotland)

Balance Sheet as at
30 June 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investments	3		104,684		104,684
			104,684		104,684
Current assets
Cash at bank and on hand		9,531		12,135
		9,531		12,135
Creditors amounts falling due within one year	4	(113,260)		(114,282)
Net current assets (liabilities)			(103,729)		(102,147)
Total assets less current liabilities			955		2,537
Net assets			955		2,537
Capital and reserves
Called up share capital			2		2
Profit and loss account			953		2,535
Shareholders' funds			955		2,537

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 23 September 2026, and are signed on its behalf by:

MCGOLDRICK, Mark
Director
Registered Company No. SC772993

MCGOLDRICK PROPERTIES LTD

Notes to the Financial Statements
for the year ended 30 June 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 July 25	104,684
	At 30 June 26	104,684
	Net book value
	At 30 June 26	104,684
	At 30 June 25	104,684

4.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	-	583
Other creditors	113,260	113,699
Total	113,260	114,282

5.	Directors advances, credits and guarantees
	At the year-end, there was a balance due to the Director from McGoldrick Properties Ltd of £112,110 (2025: £112,698). This loan is interest-free and is repayable on demand.

6.	Controlling party
	There is no ultimate controlling party of McGoldrick Properties Ltd.

7.	Prior period policy changes
	In the year ended 30th June 2024, investment property was incorrectly stated as freehold property with depreciation charged through the profit and loss account. This has been restated in this years comparative figures, and correctly recorded as investment property. Any depreciation charges have been removed.