REGISTERED NUMBER: SC031714 (Scotland)

THE MEALL PROPERTY COMPANY LTD.

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P R B Hennessy

SECRETARY:

P R B Hennessy

REGISTERED OFFICE:

The Old Manse

Inveraray

Argyll

PA32 8XT

REGISTERED NUMBER:

SC031714 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Tangible assets

4

338

-

Investment property

5

435,400

350,000

435,738

350,000

CURRENT ASSETS

Debtors

6

31,996

128,625

Cash at bank

11,162

35,605

43,158

164,230

CREDITORS

Amounts falling due within one year

7

4,868

800

NET CURRENT ASSETS

38,290

163,430

TOTAL ASSETS LESS CURRENT LIABILITIES

474,028

513,430

CAPITAL AND RESERVES

Called up share capital

400

400

Other reserves

8,443

8,443

Retained earnings

465,185

504,587

SHAREHOLDERS' FUNDS

474,028

513,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 15 December 2025 and were signed by:

P R B Hennessy - Director

1.	STATUTORY INFORMATION

The Meall Property Company Ltd. 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.

Turnover

Turnover represents rental income for the year.

Investment property

Land and buildings are classified as investment property when the property is held to earn rentals or for capital appreciation or both. Investment property is initially measured at cost which comprises purchase price and any directly attributable expenditure, and subsequently remeasured to fair value at each reporting date with changes in fair value recognised in the Income Statement.

Taxation

Taxation for the year comprises current 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

450

At 30 April 2025

450

DEPRECIATION

Charge for year

112

At 30 April 2025

112

NET BOOK VALUE

At 30 April 2025

338

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

350,000

Additions

85,400

At 30 April 2025

435,400

NET BOOK VALUE

At 30 April 2025

435,400

At 30 April 2024

350,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Director's loan account

31,996

128,625

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Taxation and social security

959

-

Other creditors

3,909

800

4,868

800

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 30 April 2025 the company had provided the director with a loan of £31,996 (2024, £128,625). Interest was charged at the official rate of interest on this loan. There are no fixed repayment terms for this loan.