McMullan Group Limited

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

Registered number: 05387251

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		350,000		350,000
Investments	5		4		4

			350,004		350,004
CURRENT ASSETS
Cash at bank and in hand		2,098		226

		2,098		226
Creditors: Amounts Falling Due Within One Year	6	(250,605 )		(235,815 )

NET CURRENT ASSETS (LIABILITIES)			(248,507 )		(235,589 )

TOTAL ASSETS LESS CURRENT LIABILITIES			101,497		114,415

Creditors: Amounts Falling Due After More Than One Year	7		(73,155 )		(86,919 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,198 )		(5,198 )

NET ASSETS			23,144		22,298

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			23,142		22,296

SHAREHOLDERS' FUNDS			23,144		22,298

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McMullan Group Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

David McMullan

Director

15 August 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

McMullan Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05387251 . The registered office is 3rd Floor, 45 Albemarle Street, Mayfair, London, W1S 4JL.

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.

2.2. Turnover

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:

Income from investment properties

Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.

2.3. Investment Properties

Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.

Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Investment Properties
	£
Cost
As at 1 January 2024	350,000

As at 31 December 2024	350,000

Net Book Value
As at 31 December 2024	350,000

As at 1 January 2024	350,000

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McMullan Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe that their valuation would not be materially different from the professional valuation.

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2024	4

As at 31 December 2024	4

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	4

As at 1 January 2024	4

Unlisted investments include investments as below:

Investment in shares of subsidiary undertaking - £4

The company holds more than 20% shares in following companies:

Opulent Trading Limited (100% of ordinary shares, Nature of business - Other business support service activities not elsewhere classified)
McMullan Property Limited (100% of ordinary shares, Nature of business - Other letting and operating of own or leased real estate)

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Accruals and deferred income	-	132
Director's loan account	87,371	95,531
Amounts owed to group undertakings	163,234	140,152

	250,605	235,815

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

	2024	2023
	£	£
Bank loans	73,155	86,919

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McMullan Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Secured Creditors

Of the creditors the following amounts are secured.

	2024		2023
	£		£
Bank loans and overdrafts	73,155		86,919

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

10. Related Party Transactions

Included in creditors due within one year is an amount of £163,234 (2023: £140,152 ) owed to a wholly owned subsidiary. The amount is interest free and repayable on demand.

Included in creditors due within one year is an amount of £87,371 (2023: £95,531 ) owed to the director. The amount is interest free and repayable on demand.

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