The member has not required the company to obtain an audit of its accounts for the year ended 31 January 2025 in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect of 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) Estates Limited is a private company limited by shares, registered in Scotland. The address of the registered office 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 and principal activity during the period was that of a holding company.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements have been prepared on a going concern basis. The directors have assessed the Company's ability to continue as a going concern and have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

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

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 liabilities, which include trade creditors and other payables, are initially recognised at the transaction price, unlesss 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.

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 asset, 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 included the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

The company has an unrecognised deferred tax asset of £4,158 (2024: £3,296) Which has arisen from fixed asset timing differences and losses carried forward. Its recoverability is dependent upon future profits arising, the likelihood of which cannot at this stage be determined with reasonable certainty.

Included in amounts owed by group undertakings is £1,113,134 (2024: £516,612) due from New City Vision (MMR) Maxwell Road Limited. The loan is interest fee and is repayale on demand.

Included in amounts owed by group undertakings is £28,214 (2024: £28,214) due from New City Vision (Carmyle) Limited. The loan is interest free and repayable on demand.

Included in amounts owed by group undertakings is £16,062 (2024: £16,062 due from New City Vision (Rothesay) Limited. The loan is interest free and is repayable on demand.

Included in other creditors is £1,176,173 (2024: £576,173) due to Mr H J O'Donnell, director. The loan is interest free and is repayable on demand.