IRIS Accounts Production v25.4.0.155 SC342656 Board of Directors Board of Directors 1.6.24 31.5.25 31.5.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC342656 2024-05-31 SC342656 2025-05-31 SC342656 2024-06-01 2025-05-31 SC342656 2023-05-31 SC342656 2023-06-01 2024-05-31 SC342656 2024-05-31 SC342656 ns15:Scotland 2024-06-01 2025-05-31 SC342656 ns14:PoundSterling 2024-06-01 2025-05-31 SC342656 ns10:Director1 2024-06-01 2025-05-31 SC342656 ns10:Director2 2024-06-01 2025-05-31 SC342656 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC342656 ns10:SmallEntities 2024-06-01 2025-05-31 SC342656 ns10:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 SC342656 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 SC342656 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 SC342656 ns10:FullAccounts 2024-06-01 2025-05-31 SC342656 1 2024-06-01 2025-05-31 SC342656 ns10:RegisteredOffice 2024-06-01 2025-05-31 SC342656 ns5:CurrentFinancialInstruments 2025-05-31 SC342656 ns5:CurrentFinancialInstruments 2024-05-31 SC342656 ns5:Non-currentFinancialInstruments 2025-05-31 SC342656 ns5:Non-currentFinancialInstruments 2024-05-31 SC342656 ns5:ShareCapital 2025-05-31 SC342656 ns5:ShareCapital 2024-05-31 SC342656 ns5:SharePremium 2025-05-31 SC342656 ns5:SharePremium 2024-05-31 SC342656 ns5:RevaluationReserve 2025-05-31 SC342656 ns5:RevaluationReserve 2024-05-31 SC342656 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 SC342656 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 SC342656 ns5:NetGoodwill 2024-06-01 2025-05-31 SC342656 ns5:IntangibleAssetsOtherThanGoodwill 2024-06-01 2025-05-31 SC342656 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-06-01 2025-05-31 SC342656 ns5:LeaseholdImprovements 2024-06-01 2025-05-31 SC342656 ns5:FurnitureFittings 2024-06-01 2025-05-31 SC342656 ns5:MotorVehicles 2024-06-01 2025-05-31 SC342656 ns5:ComputerEquipment 2024-06-01 2025-05-31 SC342656 ns5:NetGoodwill 2024-05-31 SC342656 ns5:NetGoodwill 2025-05-31 SC342656 ns5:NetGoodwill 2024-05-31 SC342656 ns5:LandBuildings 2024-05-31 SC342656 ns5:LeaseholdImprovements 2024-05-31 SC342656 ns5:FurnitureFittings 2024-05-31 SC342656 ns5:LandBuildings 2024-06-01 2025-05-31 SC342656 ns5:LandBuildings 2025-05-31 SC342656 ns5:LeaseholdImprovements 2025-05-31 SC342656 ns5:FurnitureFittings 2025-05-31 SC342656 ns5:LandBuildings 2024-05-31 SC342656 ns5:LeaseholdImprovements 2024-05-31 SC342656 ns5:FurnitureFittings 2024-05-31 SC342656 ns5:MotorVehicles 2024-05-31 SC342656 ns5:ComputerEquipment 2024-05-31 SC342656 ns5:MotorVehicles 2025-05-31 SC342656 ns5:ComputerEquipment 2025-05-31 SC342656 ns5:MotorVehicles 2024-05-31 SC342656 ns5:ComputerEquipment 2024-05-31 SC342656 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-05-31 SC342656 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 SC342656 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-05-31 SC342656 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-05-31 SC342656 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2025-05-31 SC342656 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2024-05-31 SC342656 ns5:HirePurchaseContracts 2025-05-31 SC342656 ns5:HirePurchaseContracts 2024-05-31 SC342656 ns5:WithinOneYear 2025-05-31 SC342656 ns5:WithinOneYear 2024-05-31 SC342656 ns5:BetweenOneFiveYears 2025-05-31 SC342656 ns5:BetweenOneFiveYears 2024-05-31 SC342656 ns5:AllPeriods 2025-05-31 SC342656 ns5:AllPeriods 2024-05-31 SC342656 ns5:DeferredTaxation 2024-05-31 SC342656 ns5:DeferredTaxation 2024-06-01 2025-05-31 SC342656 ns5:DeferredTaxation 2025-05-31 SC342656 ns5:RevaluationReserve 2024-05-31 SC342656 2 ns10:Director2 2024-05-31 SC342656 2 ns10:Director2 2023-05-31 SC342656 2 ns10:Director2 2024-06-01 2025-05-31 SC342656 2 ns10:Director2 2023-06-01 2024-05-31 SC342656 2 ns10:Director2 2025-05-31 SC342656 2 ns10:Director2 2024-05-31 SC342656 ns10:Director1 1 2024-05-31 SC342656 ns10:Director1 1 2023-05-31 SC342656 ns10:Director1 1 2024-06-01 2025-05-31 SC342656 ns10:Director1 1 2023-06-01 2024-05-31 SC342656 ns10:Director1 1 2025-05-31 SC342656 ns10:Director1 1 2024-05-31

REGISTERED NUMBER: SC342656 (Scotland)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Murray & Currie Limited

Murray & Currie Limited (Registered number: SC342656)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

Murray & Currie Limited

Company Information

for the Year Ended 31 May 2025

| DIRECTORS: | S A Currie

| R P Murray

| REGISTERED OFFICE: | 60 Queen Street

| Edinburgh

| Lothian

| EH2 4NA

| REGISTERED NUMBER: | SC342656 (Scotland)

| ACCOUNTANTS: | EQ Accountants Ltd

| 47-49 The Square

| Kelso

| Roxburghshire

| TD5 7HW

Murray & Currie Limited (Registered number: SC342656)

Balance Sheet

31 May 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 974,556 |  | 972,802 |  |

974,556 |  | 972,802 |  |

CURRENT ASSETS

Debtors | 6 | 974,994 |  | 747,952 |  |

Cash at bank | 849,153 |  | 963,232 |  |

1,824,147 |  | 1,711,184 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,165,817 |  | 1,195,063 |  |

NET CURRENT ASSETS | 658,330 |  | 516,121 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,632,886 |  | 1,488,923 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (528,207 | ) | (451,332 | ) |

PROVISIONS FOR LIABILITIES | 11 | (38,611 | ) | (48,285 | ) |

NET ASSETS | 1,066,068 |  | 989,306 |  |

CAPITAL AND RESERVES

Called up share capital | 200 |  | 200 |  |

Share premium | 29,990 |  | 29,990 |  |

Revaluation reserve | 12 | 172,500 |  | 172,500 |  |

Retained earnings | 863,378 |  | 786,616 |  |

1,066,068 |  | 989,306 |  |

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

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

The directors acknowledge their 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.

Murray & Currie Limited (Registered number: SC342656)

Balance Sheet - continued

31 May 2025

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 29 December 2025 and were signed on its behalf by:

R P Murray - Director

S A Currie - Director

Murray & Currie Limited (Registered number: SC342656)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| Murray & Currie 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Improvements to property | - | 10% on cost

| Fixtures and fittings | - | 15% on cost

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 25% on cost

| 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.

Murray & Currie Limited (Registered number: SC342656)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| 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 17 (2024 - 19 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 23,620 |  |

| AMORTISATION

| At 1 June 2024

| and 31 May 2025 | 23,620 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  |

| At 31 May 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures

| Freehold |  | to |  | and

| property |  | property |  | fittings

£ | £ | £ |

| COST OR VALUATION

| At 1 June 2024 | 1,028,115 |  | 92,982 |  | 121,614 |  |

| Additions | - |  | - |  | - |  |

| Disposals | - |  | - |  | - |  |

| At 31 May 2025 | 1,028,115 |  | 92,982 |  | 121,614 |  |

| DEPRECIATION

| At 1 June 2024 | 102,812 |  | 82,142 |  | 116,283 |  |

| Charge for year | 20,562 |  | 1,500 |  | 2,872 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 May 2025 | 123,374 |  | 83,642 |  | 119,155 |  |

| NET BOOK VALUE

| At 31 May 2025 | 904,741 |  | 9,340 |  | 2,459 |  |

| At 31 May 2024 | 925,303 |  | 10,840 |  | 5,331 |  |

Murray & Currie Limited (Registered number: SC342656)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

5. | TANGIBLE FIXED ASSETS - continued

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 June 2024 | 105,177 |  | 72,085 |  | 1,419,973 |  |

| Additions | 63,118 |  | - |  | 63,118 |  |

| Disposals | (26,157 | ) | (40,312 | ) | (66,469 | ) |

| At 31 May 2025 | 142,138 |  | 31,773 |  | 1,416,622 |  |

| DEPRECIATION

| At 1 June 2024 | 80,021 |  | 65,913 |  | 447,171 |  |

| Charge for year | 30,198 |  | 2,933 |  | 58,065 |  |

| Eliminated on disposal | (22,919 | ) | (40,251 | ) | (63,170 | ) |

| At 31 May 2025 | 87,300 |  | 28,595 |  | 442,066 |  |

| NET BOOK VALUE

| At 31 May 2025 | 54,838 |  | 3,178 |  | 974,556 |  |

| At 31 May 2024 | 25,156 |  | 6,172 |  | 972,802 |  |

| Cost or valuation at 31 May 2025 is represented by:

| Improvements |  | Fixtures

| Freehold |  | to |  | and

| property |  | property |  | fittings

£ | £ | £ |

| Valuation in 2019 | 230,000 |  | - |  | - |  |

| Cost | 798,115 |  | 92,982 |  | 121,614 |  |

1,028,115 |  | 92,982 |  | 121,614 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| Valuation in 2019 | - |  | - |  | 230,000 |  |

| Cost | 142,138 |  | 31,773 |  | 1,186,622 |  |

142,138 |  | 31,773 |  | 1,416,622 |  |

| If freehold property had not been revalued it would have been included at the following historical cost:

| 31.5.25 |  | 31.5.24

£ | £ |

| Cost | 798,115 |  | 798,115 |  |

| Freehold property was valued on an open market basis on 9 May 2019 by Graham & Sibbald .

Murray & Currie Limited (Registered number: SC342656)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Trade debtors | 83,546 |  | 12,034 |  |

| Other debtors | 891,448 |  | 735,918 |  |

974,994 |  | 747,952 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Hire purchase contracts (see note 9) | 18,992 |  | 14,859 |  |

| Trade creditors | 18,512 |  | 10,536 |  |

| Taxation and social security | 242,457 |  | 331,320 |  |

| Other creditors | 885,856 |  | 838,348 |  |

1,165,817 |  | 1,195,063 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Hire purchase contracts (see note 9) | 67,491 |  | 40,353 |  |

| Other creditors | 460,716 |  | 410,979 |  |

528,207 |  | 451,332 |  |

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 | 18,992 |  | 14,859 |  |

| Between one and five years | 67,491 |  | 40,353 |  |

86,483 |  | 55,212 |  |

| Non-cancellable |

| operating leases |

| 31.5.25 |  | 31.5.24

£ | £ |

| Within one year | 17,280 |  | 20,736 |  |

| Between one and five years | - |  | 17,280 |  |

17,280 |  | 38,016 |  |

Murray & Currie Limited (Registered number: SC342656)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.5.25 |  | 31.5.24

£ | £ |

| Mortgage loan | 438,564 |  | 438,564 |  |

| Hampden & Co plc hold a standard security over the property 60 Queen Street, Edinburgh and the goodwill, so far as heritable of the business carried on from the property in relation to the above loan.

| Hampden & Co plc and The Royal Bank of Scotland plc also hold a floating charge and negative pledge over the assets of the company.

11. | PROVISIONS FOR LIABILITIES

| 31.5.25 |  | 31.5.24

£ | £ |

| Deferred tax | 38,611 |  | 48,285 |  |

| Deferred |

| tax |

£ |

| Balance at 1 June 2024 | 48,285 |  |

| Provided during year | (9,674 | ) |

| Balance at 31 May 2025 | 38,611 |  |

12. | RESERVES

| Revaluation

| reserve

£ |

| At 1 June 2024

| and 31 May 2025 | 172,500 |  |

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

| 31.5.25 |  | 31.5.24

£ | £ |

| S A Currie

| Balance outstanding at start of year | 67,778 |  | 67,635 |  |

| Amounts advanced | 118,778 |  | 98,943 |  |

| Amounts repaid | (90,000 | ) | (98,800 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 96,556 |  | 67,778 |  |

Murray & Currie Limited (Registered number: SC342656)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| R P Murray

| Balance outstanding at start of year | 62,124 |  | 62,687 |  |

| Amounts advanced | 110,728 |  | 88,396 |  |

| Amounts repaid | (90,669 | ) | (88,959 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 82,183 |  | 62,124 |  |

14. | RELATED PARTY DISCLOSURES

| Currie and Murray Investments Ltd

| The directors are also directors in Currie and Murray Investments Ltd

| 31.5.25 |  | 31.5.24

£ | £ |

| Amount due from related party at the balance sheet date | 613,709 |  | 538,009 |  |

| Properteam Maintenance Ltd

| The directors of Properteam Maintenance Ltd are family members

| 31.5.25 |  | 31.5.24

£ | £ |

| Amount due from related party at the balance sheet date | 10,028 |  | 7,128 |  |