MacDonald Partnerships (Ayr) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC429239 (Scotland)

Financial Statements for the Year Ended 31 July 2021

for

MacDonald Partnerships (Ayr) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

5

DIRECTORS:

Mr R A C MacDonald

Mrs C M MacDonald

REGISTERED OFFICE:

6 Crofthead Road

Prestwick

Ayrshire

KA9 1HW

REGISTERED NUMBER:

SC429239 (Scotland)

ACCOUNTANTS:

Colin McNally B.A. Hon's; F.C.M.A

Parris and McNally Limited

6 Crofthead Road

Prestwick

Ayrshire

KA9 1HW

CURRENT ASSETS

Debtors

4

18,108

9,884

Cash at bank and in hand

102

8,685

18,210

18,569

CREDITORS

Amounts falling due within one year

5

(17,195

)

(18,006

)

NET CURRENT ASSETS

1,015

563

TOTAL ASSETS LESS CURRENT LIABILITIES

1,015

563

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

915

463

SHAREHOLDERS' FUNDS

1,015

563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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 22 April 2022 and were signed on its behalf by:

Mr R A C MacDonald - Director

1.	STATUTORY INFORMATION

MacDonald Partnerships (Ayr) 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Trade debtors

2,113

1,113

Directors' loan accounts

14,671

6,197

Prepayments and accrued income

1,324

2,574

18,108

9,884

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Tax

10,192

10,911

Other creditors

7,000

7,091

Accrued expenses

3

4

17,195

18,006

6.	CALLED UP SHARE CAPITAL

7.

RESERVES

Retained

earnings

£

At 1 August 2020

463

Profit for the year

19,452

Dividends

(19,000

)

At 31 July 2021

915

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the 31st July 2021, Mr R MacDonald , Director, owed the company £7,336 (2020: £3,099). The loan is interest free and has no fixed date for repayment.

At the 31st July 2021, Mrs C MacDonald , Director owed the company £7,336 (2020: £3,098) The loan is interest free and has no fixed date for repayment.

9.	ULTIMATE CONTROLLING PARTY

MacDonald Partnerships (Ayr) Limited was under the ultimate control of Carol MacDonald and Roderick MacDonald (Directors) for the whole of the year to 31st July 2021.

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MacDonald Partnerships (Ayr) Limited Limited for the period ended 31st July 2021 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of MacDonald Partnerships (Ayr) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MacDonald Partnerships (Ayr) Limited and state those matters that we have agreed to state to the Board of Directors of MacDonald Partnerships (Ayr) Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

You have acknowledged on the Balance Sheet as at 31st July 2021 that it is your duty to ensure that MacDonald Partnerships (Ayr) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MacDonald Partnerships (Ayr) Limited. You consider that MacDonald Partnerships (Ayr) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MacDonald Partnerships (Ayr) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Colin McNally B.A. Hon's; F.C.M.A

Parris and McNally Limited

6 Crofthead Road

Prestwick

Ayrshire

KA9 1HW

Date: .............................................