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Registration number: SC767928

MHB Property Investments Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2025

 

MHB Property Investments Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

Accountants' Report

8

 

MHB Property Investments Ltd

Company Information

Directors

Mr Kenneth Hamill

Dr Adam Bittern

Mr Callum David MacInnes

Registered office

Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

Accountants

EQ Accountants Ltd Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

 

MHB Property Investments Ltd

(Registration number: SC767928)
Balance Sheet as at 31 May 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

247,485

247,485

Current assets

 

Debtors

5

3

3

Cash at bank and in hand

 

37,491

17,076

 

37,494

17,079

Creditors: Amounts falling due within one year

6

(131,405)

(129,148)

Net current liabilities

 

(93,911)

(112,069)

Total assets less current liabilities

 

153,574

135,416

Creditors: Amounts falling due after more than one year

6

(112,983)

(117,990)

Net assets

 

40,591

17,426

Capital and reserves

 

Called up share capital

3

3

Retained earnings

40,588

17,423

Shareholders' funds

 

40,591

17,426

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 August 2025 and signed on its behalf by:
 

.........................................
Mr Kenneth Hamill
Director

 

MHB Property Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

MHB Property Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

 

3

Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4

Investment properties

2025
£

At 1 June

247,485

At 31 May

247,485

There has been no valuation of investment property by an independent valuer.

 

MHB Property Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5

Debtors

Current

2025
£

2024
£

Other debtors

3

3

 

3

3

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

16,371

16,371

Taxation and social security

 

5,817

4,087

Other creditors

 

109,217

108,690

 

131,405

129,148

Other creditors include an intercompany loan which is owed to Astute Fire Engineering Ltd totalling £107,610 ( 2024: £107,610).

Intercompany loans are repayable on demand.

 

MHB Property Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

112,983

117,990

7

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

112,983

117,990

Current loans and borrowings

2025
£

2024
£

Bank borrowings

16,371

16,371

8

Related party transactions

Transactions with directors

Debtors include the following amounts which are owed from individuals who were directors of the company during the year:

2025

At 1 June 2024
£

At 31 May 2025
£

Mr Kenneth Hamill

Director's Loan

1

1

Dr Adam Bittern

Director's Loan

1

1

Mr Callum David MacInnes

Director's Loan

1

1

 

MHB Property Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

2024

At 2 May 2023
£

Advances to director
£

At 31 May 2024
£

Mr Kenneth Hamill

Director's Loan

-

1

1

Dr Adam Bittern

Director's Loan

-

1

1

Mr Callum David MacInnes

Director's Loan

-

1

1

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
MHB Property Investments Ltd
for the Year Ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MHB Property Investments Ltd for the year ended 31 May 2025 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of MHB Property Investments Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of MHB Property Investments Ltd and state those matters that we have agreed to state to the Board of Directors of MHB Property Investments Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MHB Property Investments Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that MHB Property Investments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MHB Property Investments Ltd. You consider that MHB Property Investments Ltd 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 accounts of MHB Property Investments Ltd. 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 accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

6 August 2025