The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts were approved and authorised for issue by the Board of Directors on 31 October 2025.

New City Vision (MMR) Maxwell Road Limited is a private company limited by shares, registered in Scotland. The address of the registered office and registration number are as below:

13 Newton Place

Glasgow

Scotland

G3 7PR

These accounts have been prepared in accordance with FRS 102 the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland as adapted by Section 1A of FRS 102 and the Companies Act 2006. The company constitutes a public benefit entity as defined by FRS 102.

The nature of the company's operations andprincipal activity during the year was that of property development.

The financial statements have been prepared on the historical cost basis.

The financial statements have been prepared on a going concern basis, which is dependent on the ongoing support of the director. The director has assessed the company's ability to continue as a going concern and has a reasonable expectation that the company has adequate resources to continue in operations existence for the foreseeable future. The shareholders are not seeking immediate repayment of their loans, thus the director continues to adopt the going concern basis of accounting in the financial statements.

Where the outcome of construction contracts can be reliably estimatd, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end.

Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it it probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is expensed immediately, with corresponding provision for an onerous contract being recognised.

Where the collectibility of an ammount already recognised as contract revenue is no longer probable, the uncollectible amount is expensed rathan than recognised as an adjustment to the amount of contract revenue.

The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs related to future activity, such as for materials or prepayments.

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognied in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equite, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting period.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax lossess and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enactedby the reporting date that are expected to apply to the reversal of the timing differences.

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investment in associated accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual assets, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows form other assets or groups of assets.

Stock is measured at cost plus attributable profit, less foreseeable losses and progress billings. The company applies the percentage-of-completion method to recognise revenue and expenses for long-term construction contracts:

- Cost comprises all costs directly related to the construction process, including direct materials, direct labour, and a proportion of construction overheads (such as site administration costs, equipment usage, and depreciation directly related to the project).

- Percentage-of-Completion method: the percentage of completion is calculated based on the proportion of costs incurred to date to the totale estimated project cost or using serveys of work performed. The related revenue is recognised in line with this stage of completion.

- Attributable profit: a proportion of the expected contract profit is recognised in line with the stage of completion.

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future receipts discounted at the market rate of interest for a similar debt instrument.

Basic financial liabilties, which include trade creditors and other payables, are initially recognised at the transaction price, unless the arrangement constitute a financing transaction, where it is recognised at the present value of the future receipts discounted at the market rate of interest for a similar debt instrument.

At each reporting date the company assesses whether there is objective evidence that any financial asset has been impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due. The amount of the provision is recognised immediately in profit or loss.

The company has an unrecognised deferred tax asset of £91,160 (2024: £nil) which has arisen from losses carried forward. Its recoverability is dependent upon future profits arising, the likelihood of which cannot at this stage be determined with reasonable certainty.