REGISTERED NUMBER: 14109179 (England and Wales)

McWin Advisors UK Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

H J Goss

T A Weeks

Registered office:

3rd Floor

86 - 90 Paul Street

London

EC2A 4NE

Registered number:

14109179 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

178 Buckingham Avenue

Slough

Berkshire

SL1 4RD

Fixed assets

Tangible assets

4

17,293

3,899

Investments

5

197,525

197,442

214,818

201,341

Current assets

Debtors

6

8,897,935

6,400,897

Cash at bank

632,213

685,582

9,530,148

7,086,479

Creditors

Amounts falling due within one year

7

3,052,770

697,841

Net current assets

6,477,378

6,388,638

Total assets less current liabilities

6,692,196

6,589,979

Creditors

Amounts falling due after more than one year

8

(5,786,900

)

(6,069,000

)

Provisions for liabilities

9

(3,609

)

(975

)

Net assets

901,687

520,004

Capital and reserves

Called up share capital

10

200

200

Share premium

11

139,900

139,900

Retained earnings

11

761,587

379,904

Shareholders' funds

901,687

520,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

T A Weeks - Director

1.	Statutory information

McWin Advisors UK Limited is a private company, limited by shares , registered in England and Wales. 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.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Preparation of consolidated financial statements

The financial statements contain information about McWin Advisors UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical judgements in applying the company's accounting policies

The company makes a number of assessments which require judgement in preparing the accounts and can have a significant effect upon the financial statements. However due to the straight forward nature of the company's business, management does not believe that there are any judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

(b) Key accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. However due to the straight forward nature of the company's business, management does not believe that there are any estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable for services provided in the year in respect of investment advisory fees.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment - 33% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, convertible loan notes and loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

Financial assets and liabilities - classified as basic financial instruments

(i) Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables

Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment 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. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in the Income Statement.

(iii) Equity investments

Equity investments comprise ordinary shares, not publicly traded in active markets for which a reliable fair value cannot be measured reliably. Equity investments are initially recognised at fair value, which is the transaction price excluding transaction costs and are subsequently measured at fair value through profit or loss.

(iv) Trade and other payables and loans and borrowings

Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the discounted amount of the cash expected to be paid.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 7 (2023 - 2 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 January 2024

4,009

Additions

18,034

At 31 December 2024

22,043

Depreciation

At 1 January 2024

110

Charge for year

4,640

At 31 December 2024

4,750

Net book value

At 31 December 2024

17,293

At 31 December 2023

3,899

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2024

197,442

Additions

83

At 31 December 2024

197,525

Net book value

At 31 December 2024

197,525

At 31 December 2023

197,442

6.

Debtors

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

1,281,495

-

Amounts owed by group undertakings

8,756

4,100

Other debtors

31,711

19,000

VAT

96,119

15,676

Prepayments and accrued income

1,692,954

293,121

3,111,035

331,897

Amounts falling due after more than one year:

Amounts owed by group undertakings

5,786,900

6,069,000

Aggregate amounts

8,897,935

6,400,897

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

1,203,630

397,757

Amounts owed to group undertakings

963

10,721

Tax

385,084

114,162

Social security and other taxes

77,105

19,378

Other creditors

-

11,444

Deferred income

420,964

-

Accrued expenses

965,024

144,379

3,052,770

697,841

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Fixed rate bond

5,786,900

6,069,000

9.	Provisions for liabilities

2024

2023

£

£

Deferred tax

Accelerated capital allowances

3,609

975

Deferred tax

£

Balance at 1 January 2024

975

Provided during year

2,634

Balance at 31 December 2024

3,609

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary

£1

200

200

11.

Reserves

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

379,904

139,900

519,804

Profit for the year

381,683

381,683

At 31 December 2024

761,587

139,900

901,487

12.	Ultimate controlling party

The ultimate controlling party is Metropolitan Properties International s.r.o.