Company Registration No. SC683710 (Scotland)
McGuinness Capital Ltd
Unaudited accounts
for the period from 14 December 2020 to 31 December 2021
McGuinness Capital Ltd
Unaudited accounts
Contents
McGuinness Capital Ltd
Company Information
for the period from 14 December 2020 to 31 December 2021
Director
Mr Danny McGuiness
Company Number
SC683710 (Scotland)
Registered Office
13-15 Rodney Street
Edinburgh
EH7 4EN
Scotland
Accountants
Jenkins Dunbar Accountancy Limited
6 Daisy Drive
Cambuslang
Glasgow
G72 6WW
McGuinness Capital Ltd
Statement of financial position
as at 31 December 2021
Cash at bank and in hand
100
Called up share capital
100
For the period ending 31 December 2021 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 February 2022 and were signed on its behalf by
Mr Danny McGuiness
Director
Company Registration No. SC683710
McGuinness Capital Ltd
Notes to the Accounts
for the period from 14 December 2020 to 31 December 2021
McGuinness Capital Ltd is a private company, limited by shares, registered in Scotland, registration number SC683710. The registered office is 13-15 Rodney Street, Edinburgh, EH7 4EN, Scotland.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The COVID-19 pandemic has developed rapidly in 2020, with a significant number of cases. Measures taken by various governments to contain the virus have affected economic activity.
We have taken a number of measures to monitor and mitigate the effects of COVID-19, such as safety and health measures for our people (such as social distancing and working from home) and securing the supply of materials that are essential to our service delivery.
At this stage, the impact on our business and results has not been significant and results have in fact been positive.
As we operate in the Property letting sector we have found increased demand for our services and expect this to continue.
We will continue to follow the various government policies and advice and, in parallel, we will do our utmost to continue our operations in the best and safest way possible without jeopardising the health of our people.
Even if, at this moment, no uncertainty about the entity's ability to continue as a going concern is identified, this can change at short notice and we have prioritised our liquidity position and growth in working capital within our financial KPI's to mitigate the risks.
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Average number of employees
During the period the average number of employees was 1.
