REGISTERED NUMBER: SC370722 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Melrose Commercial Finance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G A Melrose

A M Melrose

REGISTERED OFFICE:

13 Newton Place

Charingcross

Glasgow

G3 7PR

REGISTERED NUMBER:

SC370722 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

74,581

77,631

CURRENT ASSETS

Debtors

5

243,624

410,944

Investments

6

150,000

150,000

Cash at bank

1,232,186

1,093,707

1,625,810

1,654,651

CREDITORS

Amounts falling due within one year

7

(60,876

)

(99,838

)

NET CURRENT ASSETS

1,564,934

1,554,813

TOTAL ASSETS LESS CURRENT LIABILITIES

1,639,515

1,632,444

PROVISIONS FOR LIABILITIES

(16,272

)

(16,882

)

NET ASSETS

1,623,243

1,615,562

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,623,143

1,615,462

SHAREHOLDERS' FUNDS

1,623,243

1,615,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 25 September 2025 and were signed on its behalf by:

Mrs G A Melrose - Director

1.	STATUTORY INFORMATION

Melrose Commercial Finance Limited 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.

Turnover

The turnover shown in the profit and loss account represents the value of all services delivered during the year at selling price, exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations to the customer.

Tangible fixed assets

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

Plant and machinery etc

-

15% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

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.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

165,402

Additions

19,847

At 31 March 2025

185,249

DEPRECIATION

At 1 April 2024

87,771

Charge for year

22,897

At 31 March 2025

110,668

NET BOOK VALUE

At 31 March 2025

74,581

At 31 March 2024

77,631

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

243,624

410,944

6.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Other

150,000

150,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

6,880

1,635

Taxation and social security

12,906

43,761

Other creditors

41,090

54,442

60,876

99,838

8.	RELATED PARTY DISCLOSURES

Included in other debtors is a £201,302 (2024:£201,302) loan due from Skye View Limited, a company of which G Melrose is also a Director. No interest is being charged on the loan.