M&M Property Holdings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

M&M Property Holdings Limited is a private company, limited by shares, incorporated in Scotland, registered number SC633289 . The registered office is Hartfield House, 1 Racecourse View, Ayr, KA7 2TS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Significant judgements and estimations

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimate are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from property rental during the year. Revenue is recognised at the point in time where services are provided.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% Straight Line

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Financial Instruments

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realize 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 amortized 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 amortized.

Classification of financial liabilities

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.

Basic financial liabilities

...CONTINUED

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M&M Property Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Financial Instruments - continued

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 payment ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	25,000

As at 31 March 2025	25,000

Depreciation
As at 1 April 2024	2,664
Provided during the period	5,000

As at 31 March 2025	7,664

Net Book Value
As at 31 March 2025	17,336

As at 1 April 2024	22,336

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M&M Property Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	806,780

The investment property is held at fair value. The director is of the opinion that the value at 31 March 2025 is a fair reflection of the current market value, based on their knowledge of local market conditions.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	1,300
Other debtors	9,327	19,984

	9,327	21,284
Due after more than one year
Other debtors	28,833	38,160

	38,160	59,444

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other loans	99,759	87,592
Other creditors	197,221	161,235
Taxation and social security	8,792	-

	305,772	248,827

Other loans are secured over the asset to which it relates.

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	508,757	608,516
Other creditors	26,396	36,295

	535,153	644,811

Other loans are secured over the asset to which it relates.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

10. Related Party Transactions

Included in "Other Creditors" within "Creditors: Amounts falling due within one year" are amounts of £108,000 (2024 - £108,000) and £72,419 (2024 - £42,736) due to companies related by virtue of common control. These amounts are repayable on demand and bear no interest.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		17,336		22,336
Investment Properties	5		806,780		806,780

			824,116		829,116
CURRENT ASSETS
Debtors	6	38,160		59,444
Cash at bank and in hand		8,946		156

		47,106		59,600
Creditors: Amounts Falling Due Within One Year	7	(305,772 )		(248,827 )

NET CURRENT ASSETS (LIABILITIES)			(258,666 )		(189,227 )

TOTAL ASSETS LESS CURRENT LIABILITIES			565,450		639,889

Creditors: Amounts Falling Due After More Than One Year	8		(535,153 )		(644,811 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,334 )		(5,584 )

NET ASSETS/(LIABILITIES)			25,963		(10,506 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			25,961		(10,508 )

SHAREHOLDERS' FUNDS			25,963		(10,506)