REGISTERED NUMBER: 12044336 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

McComb (Bolton) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W McComb

P M McComb

REGISTERED OFFICE:

9 Moorgate

Ormskirk

L39 4RT

REGISTERED NUMBER:

12044336 (England and Wales)

AUDITOR:

DJH Audit Limited

Pacific Chambers

11-13 Victoria Street

Liverpool

L25QQ

FIXED ASSETS

Tangible assets

4

481,936

381,343

Investment property

5

27,500,000

27,500,000

27,981,936

27,881,343

CURRENT ASSETS

Debtors

6

480,867

165,335

Cash at bank and in hand

2,925,993

2,779,181

3,406,860

2,944,516

CREDITORS

Amounts falling due within one year

7

803,438

792,808

NET CURRENT ASSETS

2,603,422

2,151,708

TOTAL ASSETS LESS CURRENT LIABILITIES

30,585,358

30,033,051

CREDITORS

Amounts falling due after more than one year

8

(5,903,583

)

(5,905,760

)

PROVISIONS FOR LIABILITIES

(5,304,124

)

(5,277,902

)

NET ASSETS

19,377,651

18,849,389

CAPITAL AND RESERVES

Called up share capital

100

100

Non distributable reserve

11

15,539,034

15,539,034

Retained earnings

11

3,838,517

3,310,255

19,377,651

18,849,389

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 15 December 2025 and were signed on its behalf by:

M W McComb - Director

1.	STATUTORY INFORMATION

McComb (Bolton) 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.

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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Significant judgements and estimates

As described in note 6, investment properties are stated at their fair value based on the valuation performed by an independent professional valuer, Avison Young (MRICS). The valuer used an open market fair value basis for its valuation and this valuation requires specialist judgement and estimation techniques.

Turnover

Turnover is measured at the fair value of rental income receivable net of value added tax and other sales taxes where applicable, and excluding discounts, rebates and is adjusted for accrued and deferred income where required.

Tangible fixed assets

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

Improvements to property

- 10% on cost

Computer equipment

- 33% on cost

Motor vehicles

- 20% reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Plant and

Motor

to property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 June 2024

383,836

27,656

139,189

550,681

Additions

185,828

3,767

-

189,595

At 31 May 2025

569,664

31,423

139,189

740,276

DEPRECIATION

At 1 June 2024

135,052

17,584

16,702

169,338

Charge for year

56,967

7,537

24,498

89,002

At 31 May 2025

192,019

25,121

41,200

258,340

NET BOOK VALUE

At 31 May 2025

377,645

6,302

97,989

481,936

At 31 May 2024

248,784

10,072

122,487

381,343

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

27,500,000

NET BOOK VALUE

At 31 May 2025

27,500,000

At 31 May 2024

27,500,000

Fair value at 31 May 2025 is represented by:

£

Valuation in 2022

8,926,052

Valuation in 2023

9,390,630

Valuation in 2024

2,500,000

Cost

6,683,318

27,500,000

On 01 March 2024 investment property was professionally valued in accordance with the RICS Valuation - Global Standards effective from 31 January 2022 on an open market fair value basis by Avison Young (MRICS). The directors consider this to be fair value at 31 May 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

455,349

34,039

Other debtors

25,518

131,296

480,867

165,335

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts (see note 9)

5,440

5,440

Trade creditors

22,242

170,904

Taxation and social security

161,803

204,829

Other creditors

613,953

411,635

803,438

792,808

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

5,841,000

5,837,738

Hire purchase contracts (see note 9)

62,583

68,022

5,903,583

5,905,760

Bank loans are interest only loans and repayable in over one year.

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.5.25

31.5.24

£

£

Net obligations repayable:

Within one year

5,440

5,440

Between one and five years

62,583

68,022

68,023

73,462

Non-cancellable

operating leases

31.5.25

31.5.24

£

£

Within one year

856

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank loans

5,841,000

5,837,738

Hire purchase contracts

68,023

-

5,909,023

5,837,738

In the year, the bank loan amounts due to Cynergy Bank Limited were satisfied on 16 August 2024 by way of resettlement to Handlesbanken PLC. The company incurred an early settlement fee of £232,184.

The bank loans are secured by way of fixed and floating charges over all properties of the company issued by Handlesbanken PLC on 16 August 2024.

Hire purchase liabilities are secured against the asset to which they relate.

11.

RESERVES

Non

Retained

distributable

earnings

reserve

Totals

£

£

£

At 1 June 2024

3,310,255

15,539,034

18,849,289

Profit for the year

528,262

-

528,262

At 31 May 2025

3,838,517

15,539,034

19,377,551

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Mr Timothy Cherry FCCA (Senior Statutory Auditor)

for and on behalf of DJH Audit Limited

13.	RELATED PARTY DISCLOSURES

At 31 May 2025, other creditors also included an amount of £14,841 (2024: £91,746 due from) due to a company under common control.

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is deemed to be M W McComb due to their majority shareholding.