REGISTERED NUMBER: 13161412 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

MACDONALD VENTURES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M MacDonald

R D MacDonald

M M MacDonald

REGISTERED OFFICE:

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

REGISTERED NUMBER:

13161412 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Investments

5

29,045,966

26,709,929

CURRENT ASSETS

Debtors

6

19,703

19,703

Cash at bank

41,154

883

60,857

20,586

CREDITORS

Amounts falling due within one year

7

85,453

38,916

NET CURRENT LIABILITIES

(24,596

)

(18,330

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,021,370

26,691,599

PROVISIONS FOR LIABILITIES

712,046

255,581

NET ASSETS

28,309,324

26,436,018

CAPITAL AND RESERVES

Called up share capital

9

25,000,000

25,000,000

Retained earnings

3,309,324

1,436,018

28,309,324

26,436,018

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 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 28 October 2026 and were signed on its behalf by:

S M MacDonald - Director

1.	STATUTORY INFORMATION

MacDonald Ventures Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Valuation of investments

Listed investments are valued in the balance sheet at market value. The realised gain / ( loss ) in the year on disposals of investments is the difference between the amount at which the investment was valued at the beginning of the year, or cost if purchased during the year, and the sale proceeds. The net gain / (loss) on revaluation and disposal of investments is shown in the income statement.

Debtors

Short-term debtors are measured at transaction price, less any impairment and subsequently measured using amortised cost method which uses the effective interest rate. At each balance sheet date, the directors assess debtors for evidence of indicators of impairment.

Cash at bank

Cash at bank represents the balance in the bank as at the year end.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments

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

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

5.	FIXED ASSET INVESTMENTS

Other investments

COST OR VALUATION

£

At 1 February 2025

26,709,929

Acquisitions

14,326,199

Proceeds

(13,986,072

)

Unrealised and realised gains/(losses)

1,995,910

At 31 January 2026

29,045,966

NET BOOK VALUE

At 31 January 2026

29,045,966

At 31 January 2025

26,709,929

Cost or valuation at 31 January 2026 is represented by:

Other investments

£

Valuation in 2026

29,045,966

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Tax

19,703

19,703

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

11,280

-

Corporation tax

22,817

-

Other creditors

29,166

-

Directors' loan accounts

-

29,166

Accrued expenses

22,190

9,750

85,453

38,916

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

30,785

-

Between one and five years

57,983

-

88,768

-

9.	CALLED UP SHARE CAPITAL

2026

2025

Allotted, called up and fully paid

£

£

25,000,000 (2024 - 25,000,000) Preference shares of £1.00 each

25,000,000.00

25,000,000.00

30 (2024 - 30) Ordinary A shares of £0.001 each

0.03

0.03

30 (2024 - 30) Ordinary B shares of £0.001 each

0.03

0.03

30 (2024 - 30) Ordinary C shares of £0.001 each

0.03

0.03

30 (2024 - 30) Ordinary D shares of £0.001 each

0.03

0.03

30 (2024 - 30) Ordinary E shares of £0.001 each

0.03

0.03

25,000,000.15

25,000,000.15

The Ordinary A and B shares have voting rights, but no rights for capital distribution or dividends. The Ordinary C, D and E shares have voting, dividend and capital distribution rights.

The redeemable preference shares have no rights for capital distribution or dividends and are subject to rights of redemption exercisable by the company at any time for par value.