Mediterranean (Aberdeen) Limited

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Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the director on the preparation of the unaudited statutory accounts of Mediterranean (Aberdeen) Limited for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mediterranean (Aberdeen) Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Mediterranean (Aberdeen) Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mediterranean (Aberdeen) Limited and state those matters that we have agreed to state to the director of Mediterranean (Aberdeen) Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mediterranean (Aberdeen) Limited and its director as a body for our work or for this report.

It is your duty to ensure that Mediterranean (Aberdeen) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Mediterranean (Aberdeen) Limited . You consider that Mediterranean (Aberdeen) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Mediterranean (Aberdeen) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

12 October 2025

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Mediterranean (Aberdeen) Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: SC579394

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		258,220		54,522

			258,220		54,522
CURRENT ASSETS
Stocks	5	2,000		-
Debtors	6	11,931		5,709
Cash at bank and in hand		33,247		1,279

		47,178		6,988
Creditors: Amounts Falling Due Within One Year	7	(432,567 )		(88,983 )

NET CURRENT ASSETS (LIABILITIES)			(385,389 )		(81,995 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(127,169 )		(27,473 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(51,038 )		-

NET LIABILITIES			(178,207 )		(27,473 )

CAPITAL AND RESERVES
Called up share capital			1		1
Profit and Loss Account			(178,208 )		(27,474 )

SHAREHOLDERS' FUNDS			(178,207)		(27,473)

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Mediterranean (Aberdeen) Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 her 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

Ms J Forbes

Director

10 October 2025

The notes on pages 4 to 7 form part of these financial statements.

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Mediterranean (Aberdeen) Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Mediterranean (Aberdeen) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC579394 . The registered office is Brodies House, 31/33 Union Grove, Aberdeen, AB10 6SD.

The presentation currency of the financial statements is the Pound Sterling (£).

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. Going Concern Disclosure

The financial statements have been prepared on a going concern basis on the confirmation from the director that the

company will continue to trade for a period of no less than 12 months from the date of this report.

The directors acknowledges the negative balance sheet position and have given assurance that they will continue to support the company in order for it to meet it's obligations as they fall due by making funds available and ensuring that loans from associates are not called on for repayment until the company is in such a position to be able to make repayments.

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 the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

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:

Leasehold	10% on cost
Plant & Machinery	33% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	33% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.6. Stocks and Work in Progress

Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Mediterranean (Aberdeen) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.8. 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

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: 4 (2024: NIL)

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Mediterranean (Aberdeen) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	54,206	-	372	-	54,578
Additions	168,002	26,632	17,138	3,387	215,159

As at 31 March 2025	222,208	26,632	17,510	3,387	269,737

Depreciation
As at 1 April 2024	-	-	56	-	56
Provided during the period	3,820	4,955	2,127	559	11,461

As at 31 March 2025	3,820	4,955	2,183	559	11,517

Net Book Value
As at 31 March 2025	218,388	21,677	15,327	2,828	258,220

As at 1 April 2024	54,206	-	316	-	54,522

5. Stocks

	31 March 2025	31 March 2024
	£	£
Stock	2,000	-

6. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	2,537	-
Prepayments and accrued income	4,893	273
Other debtors	4,500	5,000
VAT	-	435
Director's loan account	1	1

	11,931	5,709

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	63,231	1,231
VAT	12,688	-
Other creditors	2,765	-
Accruals and deferred income	10,637	7,796
Amounts owed to associates	343,246	79,956

	432,567	88,983

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Mediterranean (Aberdeen) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Provisions for Liabilities


	Deferred Tax	Total
	£	£
Deferred taxation	51,038	51,038

Balance at 31 March 2025	51,038	51,038

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 March 2025	31 March 2024
	£	£
Not later than one year	20,385	18,000
Later than one year and not later than five years	39,600	55,500

	59,985	73,500

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Ms Jeanette Forbes	1	-	-	-	1

The above loan is interest free and has no fixed repayment terms.

11. Related Party Transactions

Little Chelsea Holdings (Aberdeen) Limited is a company under common control of the director. During the year, Little Chelsea Holdings (Aberdeen) Limited made net loan payments of £901 (2024: £14,764) and £2,991 was written off. As at the year end, Little Celsea Holdings (Aberdeen) Limited was due £15,412 (2024: £17,502) from the company.

Portlethen Computer Services (Limited) is a company under common control of the director. During the year, Portlethen Computer (Services) Limited made net loan payments of £265,380 (2024: £62,454). As at the year end, Portlethen Computer (Services) Limited was due £327,834 (2024: £62,454) from the company.

12. Ultimate Controlling Party

The company's ultimate controlling party is Ms J Forbes by virtue of his ownership of 100% of the issued share capital in the company.

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