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REGISTERED NUMBER: SC107198 (Scotland)




















Mentor M.A. (Scotland) Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023






Mentor M.A. (Scotland) Limited (Registered number: SC107198)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mentor M.A. (Scotland) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: R J Normand
Ms L Jackson



SECRETARY: R J Normand



REGISTERED OFFICE: PO BOX 23940
30 Castle Street
Edinburgh
EH2 3HT



REGISTERED NUMBER: SC107198 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: The Royal Bank of Scotland plc
36 St Andrew Square
Edinburgh
EH2 2AD

Mentor M.A. (Scotland) Limited (Registered number: SC107198)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,470 8,621
Investment property 5 645,000 645,000
649,470 653,621

CURRENT ASSETS
Debtors 6 4,900 4,554
Cash at bank and in hand 97,902 101,001
102,802 105,555
CREDITORS
Amounts falling due within one year 7 174,384 159,823
NET CURRENT LIABILITIES (71,582 ) (54,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

577,888

599,353

CREDITORS
Amounts falling due after more than
one year

8

(147,796

)

(147,796

)

PROVISIONS FOR LIABILITIES (5,262 ) (5,824 )
NET ASSETS 424,830 445,733

Mentor M.A. (Scotland) Limited (Registered number: SC107198)

Balance Sheet - continued
31 May 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 132 132
Fair value reserve 9 88,402 88,402
Retained earnings 336,296 357,199
SHAREHOLDERS' FUNDS 424,830 445,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 13 February 2024 and were signed on its behalf by:





R J Normand - Director


Mentor M.A. (Scotland) Limited (Registered number: SC107198)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Mentor M.A. (Scotland) 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 as modified by the revaluation of certain assets.

Turnover and revenue recognition
Turnover represents the gross sales for the provision of training services, plus rental income from investment properties.

Revenue is recognised in line with performance to the extent that a right to consideration arises.

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 - 25% on cost and 10% on cost

Investment property
Investment properties are shown at their fair value. Any surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market conditions is not considered to be permanent.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve with the relevant change in fair value.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.


Mentor M.A. (Scotland) Limited (Registered number: SC107198)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 5 ) .

Mentor M.A. (Scotland) Limited (Registered number: SC107198)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 51,481
Disposals (2,380 )
At 31 May 2023 49,101
DEPRECIATION
At 1 June 2022 42,860
Charge for year 2,366
Eliminated on disposal (595 )
At 31 May 2023 44,631
NET BOOK VALUE
At 31 May 2023 4,470
At 31 May 2022 8,621

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 645,000
NET BOOK VALUE
At 31 May 2023 645,000
At 31 May 2022 645,000

Mentor M.A. (Scotland) Limited (Registered number: SC107198)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2008 (2,886 )
Valuation in 2009 (2,500 )
Valuation in 2010 (2,500 )
Valuation in 2014 6,055
Valuation in 2016 40,000
Valuation in 2018 15,000
Valuation in 2019 5,000
Valuation in 2020 15,000
Valuation in 2022 35,000
Cost 536,831
645,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 536,831 536,831

The property is shown at the directors' estimated valuation at 31 May 2023. The directors are not professional valuers.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 3,250
Other debtors 4,900 1,304
4,900 4,554

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 519
Taxation and social security (1 ) 8,428
Other creditors 174,385 150,876
174,384 159,823

Mentor M.A. (Scotland) Limited (Registered number: SC107198)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in other creditors are loans of £100,300 (2022 - £100,300) owed to Mentor M.A. (Scotland) Ltd Retirement Benefit Scheme, an entity under the control of R J Normand who is also one of the trustees.

Also included in other creditors is a balance of £28,797 (2022 NIL) owed to R J Normand. Directors' current accounts are unsecured, interest-free, and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 147,796 147,796

Included in other creditors are loans of £147,796 (2022 - £147,796) owed to Mentor M.A. (Scotland) Ltd Retirement Benefit Scheme, an entity under the control of R J Normand who is also one of the trustees.

9. RESERVES
Fair
value
reserve
£   
At 1 June 2022
and 31 May 2023 88,402

10. POST BALANCE SHEET EVENTS

After the balance sheet date but prior to the date of signing, the company purchased an investment property for £135,000.

11. SECURED DEBTS

The Royal Bank Of Scotland holds a bond and floating charge over the assets of the company.