MacMillan Waters Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC551894 (Scotland)

Unaudited Financial Statements for the Year Ended 31st December 2019

for

MacMillan Waters Limited

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mr J Hunter

Mrs H Hunter

REGISTERED OFFICE:

2nd Floor

77 Hanover Street

Edinburgh

EH2 1EE

REGISTERED NUMBER:

SC551894 (Scotland)

ACCOUNTANTS:

McLaughlin Crolla LLP

2nd Floor

77 Hanover Street

Edinburgh

EH2 1EE

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial

statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to

be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st December 2019 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

McLaughlin Crolla LLP

2nd Floor

77 Hanover Street

Edinburgh

EH2 1EE

20th April 2020

FIXED ASSETS

Tangible assets

4

9,963

12,216

Investment property

5

293,590

293,590

303,553

305,806

CURRENT ASSETS

Cash at bank and in hand

43,054

33,830

CREDITORS

Amounts falling due within one year

6

345,129

335,222

NET CURRENT LIABILITIES

(302,075

)

(301,392

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,478

4,414

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,477

4,413

SHAREHOLDERS' FUNDS

1,478

4,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2019 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 20th April 2020 and were signed on its behalf by:

Mr J Hunter - Director

1.	STATUTORY INFORMATION

MacMillan Waters 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.

Plant and machinery etc

-

20% on cost

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable

expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is

recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1st January 2019

18,036

Additions

1,597

At 31st December 2019

19,633

Depreciation

At 1st January 2019

5,820

Charge for year

3,850

At 31st December 2019

9,670

Net book value

At 31st December 2019

9,963

At 31st December 2018

12,216

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1st January 2019

and 31st December 2019

293,590

Net book value

At 31st December 2019

293,590

At 31st December 2018

293,590

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/19

31/12/18

as restated

£

£

Other creditors

345,129

335,222