Silverfin false false 30/11/2024 01/12/2023 30/11/2024 Mrs D Charlesworth 30/08/2018 Mr M Charlesworth 30/08/2018 Mr J Edwards 30/08/2018 Mr M Mcmullan 30/08/2018 Mrs A Yule 11/05/2023 Mr B Yule 25/09/2018 24 April 2025 The principal activity of the company during the financial year was that of a holding company. SC606817 2024-11-30 SC606817 bus:Director1 2024-11-30 SC606817 bus:Director2 2024-11-30 SC606817 bus:Director3 2024-11-30 SC606817 bus:Director4 2024-11-30 SC606817 bus:Director5 2024-11-30 SC606817 bus:Director6 2024-11-30 SC606817 2023-11-30 SC606817 core:CurrentFinancialInstruments 2024-11-30 SC606817 core:CurrentFinancialInstruments 2023-11-30 SC606817 core:ShareCapital 2024-11-30 SC606817 core:ShareCapital 2023-11-30 SC606817 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC606817 core:RetainedEarningsAccumulatedLosses 2023-11-30 SC606817 core:CostValuation 2023-11-30 SC606817 core:CostValuation 2024-11-30 SC606817 bus:OrdinaryShareClass1 2024-11-30 SC606817 2023-12-01 2024-11-30 SC606817 bus:FilletedAccounts 2023-12-01 2024-11-30 SC606817 bus:SmallEntities 2023-12-01 2024-11-30 SC606817 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 SC606817 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC606817 bus:Director1 2023-12-01 2024-11-30 SC606817 bus:Director2 2023-12-01 2024-11-30 SC606817 bus:Director3 2023-12-01 2024-11-30 SC606817 bus:Director4 2023-12-01 2024-11-30 SC606817 bus:Director5 2023-12-01 2024-11-30 SC606817 bus:Director6 2023-12-01 2024-11-30 SC606817 2022-12-01 2023-11-30 SC606817 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 SC606817 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC606817 (Scotland)

MECC 4 LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

MECC 4 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024

Contents

MECC 4 LIMITED

BALANCE SHEET

AS AT 30 NOVEMBER 2024
MECC 4 LIMITED

BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 2,252,720 2,252,720
2,252,720 2,252,720
Current assets
Cash at bank and in hand 37,922 55,519
37,922 55,519
Creditors: amounts falling due within one year 4 ( 15,189) ( 28,187)
Net current assets 22,733 27,332
Total assets less current liabilities 2,275,453 2,280,052
Net assets 2,275,453 2,280,052
Capital and reserves
Called-up share capital 5 4,500 4,500
Profit and loss account 2,270,953 2,275,552
Total shareholders' funds 2,275,453 2,280,052

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of MECC 4 Limited (registered number: SC606817) were approved and authorised for issue by the Board of Directors on 24 April 2025. They were signed on its behalf by:

Mr B Yule
Director
MECC 4 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
MECC 4 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

MECC 4 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 1 Pinefield Parade, Pinefield Industrial Estate, Elgin, IV30 6AG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Fixed asset investments

Investments are recognised initially at cost, and subsequently stated at cost less any accumulated impairment losses.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 December 2023 2,252,720
At 30 November 2024 2,252,720
Carrying value at 30 November 2024 2,252,720
Carrying value at 30 November 2023 2,252,720

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 502 0
Amounts owed to Group undertakings 11,813 25,313
Other taxation and social security 2,874 2,874
15,189 28,187

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
4,500 Ordinary shares of £ 1.00 each 4,500 4,500

6. Related party transactions

Taxable losses in the period of £4,599 (2023 - £125,660) have been surrendered to the subsidiary Pinefield Glass Limited.