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REGISTERED NUMBER: SC445708 (Scotland)















Financial Statements For The Year Ended 31 July 2024

for

Mhor 84 Ltd

Mhor 84 Ltd (Registered number: SC445708)






Contents of the Financial Statements
For The Year Ended 31 July 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Mhor 84 Ltd

Company Information
For The Year Ended 31 July 2024







DIRECTOR: Mrs L M Lewis





REGISTERED OFFICE: Kings House
Balquihidder
PERTHSHIRE
FK19 8NY





REGISTERED NUMBER: SC445708 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Mhor 84 Ltd (Registered number: SC445708)

Abridged Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 669,461 591,298

CURRENT ASSETS
Stocks 25,000 25,000
Debtors 182,943 291,675
Cash at bank and in hand 40,399 54,727
248,342 371,402
CREDITORS
Amounts falling due within one year 302,616 322,878
NET CURRENT (LIABILITIES)/ASSETS (54,274 ) 48,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

615,187

639,822

CREDITORS
Amounts falling due after more than one
year

5

(463,678

)

(474,503

)

PROVISIONS FOR LIABILITIES (57,032 ) (56,468 )
NET ASSETS 94,477 108,851

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 94,377 108,751
SHAREHOLDERS' FUNDS 94,477 108,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Mhor 84 Ltd (Registered number: SC445708)

Abridged Statement of Financial Position - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





Mrs L M Lewis - Director


Mhor 84 Ltd (Registered number: SC445708)

Notes to the Financial Statements
For The Year Ended 31 July 2024

1. STATUTORY INFORMATION

Mhor 84 Ltd 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.

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


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 stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to the date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 15 years straight line
Plant & machinery - Straight line over 10 years
Fixtures and fittings - 10% on cost
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes 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 statement of financial position date.


Mhor 84 Ltd (Registered number: SC445708)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 941,338
Additions 130,962
At 31 July 2024 1,072,300
DEPRECIATION
At 1 August 2023 350,040
Charge for year 52,799
At 31 July 2024 402,839
NET BOOK VALUE
At 31 July 2024 669,461
At 31 July 2023 591,298

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 years 391,815 406,564

Mhor 84 Ltd (Registered number: SC445708)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 463,230 473,231

Cumberland Building Society (UK) plc hold a standard security over the property of the company and a floating charge over the company's assets.