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REGISTERED NUMBER: SC563226 (Scotland)

Financial Statements For The Year Ended 30 September 2024

for

CMC78 Ltd

| CMC78 Ltd (Registered number: SC563226) |

Contents of the Financial Statements

For The Year Ended 30 September 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| CMC78 Ltd |

Company Information

For The Year Ended 30 September 2024

| DIRECTOR: | C Campbell

| REGISTERED OFFICE: | 18-22 MacDowall Street

| PAISLEY

| PA3 2NB

| REGISTERED NUMBER: | SC563226 (Scotland)

| ACCOUNTANTS: | Robb Ferguson Chartered Accountants

| Regent Court

| 70 West Regent Street

| Glasgow

| G2 2QZ

| CMC78 Ltd (Registered number: SC563226) |

Statement of Financial Position

30 September 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 207,294 |  | 366 |  |

Investment property | 5 | 355,906 |  | 355,906 |  |

563,200 |  | 356,272 |  |

CURRENT ASSETS

Debtors | 6 | 16,688 |  | 3,621 |  |

Cash at bank | 26,776 |  | 76,951 |  |

43,464 |  | 80,572 |  |

CREDITORS

Amounts falling due within one year | 7 | 313,501 |  | 150,736 |  |

NET CURRENT LIABILITIES | (270,037 | ) | (70,164 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 293,163 |  | 286,108 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (13,545 | ) | (35,901 | ) |

PROVISIONS FOR LIABILITIES | (34,438 | ) | (34,438 | ) |

NET ASSETS | 245,180 |  | 215,769 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 137,474 |  | 137,474 |  |

Retained earnings | 107,606 |  | 78,195 |  |

245,180 |  | 215,769 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| CMC78 Ltd (Registered number: SC563226) |

Statement of Financial Position - continued

30 September 2024

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2024 and were signed by:

C Campbell - Director

| CMC78 Ltd (Registered number: SC563226) |

Notes to the Financial Statements

For The Year Ended 30 September 2024

1. | STATUTORY INFORMATION

| CMC78 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is stated net of VAT and trade discounts. Turnover from rents received represent 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.

| Fixed plant and equipment | - | 25% on cost

| Fixtures and fittings | - | 10% on cost

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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 comprehensive income. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in comprehensive income.

| 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.

| CMC78 Ltd (Registered number: SC563226) |

Notes to the Financial Statements - continued

For The Year Ended 30 September 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Fixed |  | Fixtures |

| plant and |  | and |

| equipment |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 October 2023 | 399 |  | - |  | 399 |  |

| Additions | - |  | 208,730 |  | 208,730 |  |

| At 30 September 2024 | 399 |  | 208,730 |  | 209,129 |  |

| DEPRECIATION

| At 1 October 2023 | 33 |  | - |  | 33 |  |

| Charge for year | 100 |  | 1,702 |  | 1,802 |  |

| At 30 September 2024 | 133 |  | 1,702 |  | 1,835 |  |

| NET BOOK VALUE

| At 30 September 2024 | 266 |  | 207,028 |  | 207,294 |  |

| At 30 September 2023 | 366 |  | - |  | 366 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 October 2023

| and 30 September 2024 | 355,906 |  |

| NET BOOK VALUE

| At 30 September 2024 | 355,906 |  |

| At 30 September 2023 | 355,906 |  |

| CMC78 Ltd (Registered number: SC563226) |

Notes to the Financial Statements - continued

For The Year Ended 30 September 2024

5. | INVESTMENT PROPERTY - continued

| Fair value at 30 September 2024 is represented by:

£ |

| Valuation in 2022 | 200,000 |  |

| Cost | 155,906 |  |

355,906 |  |

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

2024 | 2023 |

£ | £ |

| Cost | 221,577 |  | 221,577 |  |

| The investment property was valued on an open market basis on 30 September 2022 by Mr Craig Campbell .

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| VAT | 16,688 |  | 3,621 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 2,578 |  | 2,801 |  |

| Tax | - |  | 10,715 |  |

| Other creditors | 20,558 |  | 3,950 |  |

| Directors' current accounts | 289,000 |  | 132,000 |  |

| Accrued expenses | 1,365 |  | 1,270 |  |

313,501 |  | 150,736 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans - 1-2 years | 2,578 |  | 2,801 |  |

| Bank loans - 2-5 years | 7,735 |  | 8,403 |  |

| Bank loans more than 5 years

| by installments | 3,232 |  | 24,697 |  |

13,545 |  | 35,901 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more than 5 years

| by installments | 3,232 |  | 24,697 |  |

3,232 |  | 24,697 |  |

| CMC78 Ltd (Registered number: SC563226) |

Notes to the Financial Statements - continued

For The Year Ended 30 September 2024

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Bank loans | 16,124 |  | 38,701 |  |

| The Royal Bank of Scotland PLC holds a standard and floating charge over the company's assets.