Registration number: SC087476

Michael Malone of Edinburgh Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 8

Michael Malone of Edinburgh Limited

Company Information

Directors

E M Malone M D Malone G E W Malone

Registered office Registration no

6 Newmarket Road Edinburgh Lothian EH14 1RJ SC087476

Accountants

Brown, Scott & Main Chartered Accountants 91 West Savile Terrace Edinburgh Lothian EH9 3DP

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Michael Malone of Edinburgh Limited
for the Year Ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Michael Malone of Edinburgh Limited for the year ended 30 April 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information of Michael Malone of Edinburgh Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our work or for this report.

It is your duty to ensure that Michael Malone of Edinburgh Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Michael Malone of Edinburgh Limited. You consider that Michael Malone of Edinburgh Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Michael Malone of Edinburgh Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brown, Scott & Main
Chartered Accountants
91 West Savile Terrace
Edinburgh
Lothian
EH9 3DP

14 January 2026

Michael Malone of Edinburgh Limited

(Registration number: SC087476)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	49,527	57,709
Other financial assets	6	431,912	426,305
		481,439	484,014
Current assets
Stocks	7	148,686	168,228
Debtors	8	386,613	368,951
Cash at bank and in hand		764,895	623,288
		1,300,194	1,160,467
Creditors: Amounts falling due within one year	9	(480,352)	(452,352)
Net current assets		819,842	708,115
Total assets less current liabilities		1,301,281	1,192,129
Provisions for liabilities	13	(25,131)	(26,045)
Net assets		1,276,150	1,166,084
Capital and reserves
Called up share capital	10	840	840
Share premium reserve		67,344	67,344
Capital redemption reserve		160	160
Non distributable reserve		83,254	78,627
Retained earnings		1,124,552	1,019,113
Shareholders' funds		1,276,150	1,166,084

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 January 2026 and signed on its behalf by:
 

......................................... M D Malone Director

Michael Malone of Edinburgh Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland, registered number SC087476.

The address of its registered office and principal place of business is:
6 Newmarket Road
Edinburgh
Lothian
EH14 1RJ
UK

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is sterling.

Going concern

The financial statements have been prepared on the going concern basis. The directors consider this basis is appropriate as the company continues to trade profitably, supported by the value of its investments, and continues to meet its day to day commitments from working capital as they fall due. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Revenue recognition

Turnover represents the value of goods sold during the period, stated after deduction of discounts and value added tax and is recognised on completion of delivery of goods to customers.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets less their residual value over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Heritable land	Not depreciated
Heritable property	4% per annum straight line
Plant and machinery	15% to 25% per annum straight line
Motor vehicles	25% per annum straight line

Michael Malone of Edinburgh Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investments

Fixed asset investments comprise non-puttable ordinary shares and units in publicly traded companies and funds and ordinary shares in a private company.

Investments in non-puttable, ordinary shares and units in publicly traded companies and funds are recognised at fair value with changes in fair value recognised in profit or loss. This is transferred, for ease of identification, to a non distributable reserve which displays the cumulative unrealised surplus or deficit on revaluation net of deferred tax.This transfer and the resultant balances are shown in the notes to the financial statements.

Investments in non-puttable ordinary shares in private companies are recognised at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and at bank that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for goods sold in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a defined contribution plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 21).

Michael Malone of Edinburgh Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4

Taxation

Tax charge/(credited) in the income statement
	2025		2024
	£		£
Current taxation
UK corporation tax	49,329		35,230
Deferred taxation
Arising from origination and reversal of timing differences	(914)		4,723
	48,415		39,953

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost
At 1 May 2024	588,377	555,171	61,236	1,204,784
Additions	-	6,568	-	6,568
Disposals	-	(2,897)	-	(2,897)
At 30 April 2025	588,377	558,842	61,236	1,208,455
Depreciation
At 1 May 2024	558,377	555,171	33,527	1,147,075
Charge for the year	-	411	14,339	14,750
Eliminated on disposal	-	(2,897)	-	(2,897)
At 30 April 2025	558,377	552,685	47,866	1,158,928
Carrying amount
At 30 April 2025	30,000	6,157	13,370	49,527
At 30 April 2024	30,000	-	27,709	57,709

Included within the net book value of land and buildings above is £30,000 (2024 - £30,000) in respect of heritable land.
 

Michael Malone of Edinburgh Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 May 2024	391,263	35,042	426,305
Fair value adjustments	5,607	-	5,607
At 30 April 2025	396,870	35,042	431,912
Impairment
Carrying amount
At 30 April 2025	396,870	35,042	431,912