Company registration number SC388810 (Scotland)
MLB PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
MLB PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
MLB PROPERTIES LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
30 April 2025
31 October 2023
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
4
104,262
16,523
Current assets
Stocks
3,921,143
3,141,805
Debtors
5
581,443
128,099
Cash at bank and in hand
42,139
10,170
4,544,725
3,280,074
Creditors: amounts falling due within one year
6
(4,073,145)
(2,719,825)
Net current assets
471,580
560,249
Total assets less current liabilities
575,842
576,772
Creditors: amounts falling due after more than one year
7
(833)
(15,832)
Provisions for liabilities
(25,510)
-
Net assets
549,499
560,940
Capital and reserves
Called up share capital
70
70
Capital redemption reserve
34
34
Profit and loss reserves
549,395
560,836
Total equity
549,499
560,940
MLB PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 December 2025 and are signed on its behalf by:
C S Moore
Director
Company registration number SC388810 (Scotland)
MLB PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

MLB Properties 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.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover represents the amounts derived from the provision of goods and services which fall within the company's ordinary activities. When the outcome of a construction contract cannot be estimated reliably, the Company shall recognise revenue only to the extent of contract costs incurred that it is probable will be recoverable and the Company shall recognise contract cost as an expense in the period in which they are incurred.

1.3
Tangible fixed assets

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

Plant and machinery
20% on a reducing balance basis and 10% on a straight line basis
Computer equipment
20% on a reducing balance basis
Motor vehicles
15% on a straight line basis and at variable rates on reducing balance
1.4
Stocks

Stocks are initially stated at cost and held at the lower of this initial amount and net realisable value. Costs comprise direct materials and, where applicable, direct labour and those overheads that have been incurred in bringing the inventories to their present location and condition. Net realisable value represents the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.5
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.

MLB PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
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.

1.6
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.

2
Operating profit/(loss)
2025
2023
Operating profit/(loss) for the year is stated after charging:
£
£
Depreciation of tangible fixed assets
11,306
5,482
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2023
Number
Number
Total
3
3
4
Tangible fixed assets
Plant and machinery
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 November 2023
10,767
13,587
15,448
39,802
Additions
58,590
5,255
35,200
99,045
At 30 April 2025
69,357
18,842
50,648
138,847
Depreciation and impairment
At 1 November 2023
5,254
6,439
11,586
23,279
Depreciation charged in the year
3,340
2,481
5,485
11,306
At 30 April 2025
8,594
8,920
17,071
34,585
MLB PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
4
Tangible fixed assets
Plant and machinery
Computer equipment
Motor vehicles
Total
£
£
£
£
(Continued)
- 5 -
Carrying amount
At 30 April 2025
60,763
9,922
33,577
104,262
At 31 October 2023
5,513
7,148
3,862
16,523
5
Debtors
2025
2023
Amounts falling due within one year:
£
£
Trade debtors
180
-
0
Other debtors
581,263
128,099
581,443
128,099
6
Creditors: amounts falling due within one year
2025
2023
£
£
Bank loans
10,000
10,000
Trade creditors
103,772
13,052
Corporation tax
-
0
97,506
Other taxation and social security
28,399
20,180
Other creditors
3,930,974
2,579,087
4,073,145
2,719,825
7
Creditors: amounts falling due after more than one year
2025
2023
£
£
Bank loans and overdrafts
833
15,832
8
Loans and overdrafts
2025
2023
£
£
Loans
3,241,270
2,110,000

The loans are secured by charges over the company's property and undertakings.

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