REGISTERED NUMBER: SC106708 (Scotland)

MNH Limited

Unaudited Financial Statements

for the Period 1 October 2023 to 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Murdoch

SECRETARY:

K Murdoch

REGISTERED OFFICE:

Whitekirk Mains Farm

Whitekirk

Dunbar

East Lothian

EH42 1XS

REGISTERED NUMBER:

SC106708 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

FIXED ASSETS

Investment property

4

-

275,000

CURRENT ASSETS

Debtors

5

2,352,805

2,836,149

Cash at bank

302,044

276,685

2,654,849

3,112,834

CREDITORS

Amounts falling due within one year

6

3,331

56,481

NET CURRENT ASSETS

2,651,518

3,056,353

TOTAL ASSETS LESS CURRENT LIABILITIES

2,651,518

3,331,353

CAPITAL AND RESERVES

Called up share capital

832

832

Share premium

7

91,030

91,030

Capital redemption reserve

7

168

168

Fair value reserve

7

-

36,185

Retained earnings

7

2,559,488

3,203,138

SHAREHOLDERS' FUNDS

2,651,518

3,331,353

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 December 2025 and were signed by:

K Murdoch - Director

1.	STATUTORY INFORMATION

MNH 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about MNH Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced consultancy fees, excluding value added tax.

Revenue is recognised when the service has been provided and all obligations to the customers under the agreement have been fulfilled.

Investment property

Investment properties are shown at their fair value. Any surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market conditions is not considered to be permanent.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve with the relevant change in fair value.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are repayable on demand.

Taxation

Taxation for the period 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

275,000

Disposals

(220,000

)

Revaluations

(55,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 30 September 2023

275,000

Fair value at 31 March 2025 is represented by:

£

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

10,000

10,000

Other debtors

2,342,805

2,826,149

2,352,805

2,836,149

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Taxation and social security

1,582

44,431

Other creditors

1,749

12,050

3,331

56,481

7.

RESERVES

Capital

Fair

Retained

Share

redemption

value

earnings

premium

reserve

reserve

Totals

£

£

£

£

£

At 1 October 2023

3,203,138

91,030

168

36,185

3,330,521

Deficit for the period

(679,835

)

(679,835

)

Transfer

36,185

-

-

(36,185

)

-

At 31 March 2025

2,559,488

91,030

168

-

2,650,686

The fair value reserve represents the net revaluation surplus on investment properties that is not readily distributable as realised earnings.