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REGISTERED NUMBER: 03565598 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

McComb Property Company Limited

McComb Property Company Limited (Registered number: 03565598)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

McComb Property Company Limited

Company Information

for the Year Ended 31 May 2025

| DIRECTORS: | M W McComb

| Mrs S M McComb

| P M McComb

| REGISTERED OFFICE: | 9 Moorgate

| Ormskirk

| L39 4RT

| REGISTERED NUMBER: | 03565598 (England and Wales)

| AUDITOR: | DJH Audit Limited

| Pacific Chambers

| 11-13 Victoria Street

| Liverpool

| L25QQ

McComb Property Company Limited (Registered number: 03565598)

Balance Sheet

31 May 2025

31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 4 | 23,297 |  | 40,705 |  |

Investments | 5 | 100 |  | 100 |  |

Investment property | 6 | 26,918,484 |  | 26,798,603 |  |

26,941,881 |  | 26,839,408 |  |

CURRENT ASSETS

Stocks | 391,013 |  | 391,013 |  |

Debtors | 7 | 2,838,213 |  | 2,811,432 |  |

Cash at bank and in hand | 1,393,367 |  | 1,869,629 |  |

4,622,593 |  | 5,072,074 |  |

CREDITORS

Amounts falling due within one year | 8 | 2,676,475 |  | 4,484,809 |  |

NET CURRENT ASSETS | 1,946,118 |  | 587,265 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 28,887,999 |  | 27,426,673 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 21,600,000 |  | 20,285,270 |  |

NET ASSETS | 7,287,999 |  | 7,141,403 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | 12 | 7,286,999 |  | 7,140,403 |  |

SHAREHOLDERS' FUNDS | 7,287,999 |  | 7,141,403 |  |

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 9 February 2026 and were signed on its behalf by:

P M McComb - Director

McComb Property Company Limited (Registered number: 03565598)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| McComb Property Company Limited is a private company, limited by shares , registered in England and Wales. 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.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| Preparation of consolidated financial statements

| The financial statements of the company are consolidated in the financial statements of McComb Property Holdings Limited. These consolidated financial statements are available from its registered office, 9 Moorgate, Ormskirk, England, L39 4RT.

| Significant judgements and estimates

| As described in note 7, investment properties are stated at their fair value based on the valuation performed by an independent professional valuer, Avison Young (MRICS). The valuer used an open market fair value basis for its valuation.

| Turnover

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

| Tangible fixed assets

| Plant and machinery, vehicles etc - 33% on cost, 20% on cost and 25% on cost.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

McComb Property Company Limited (Registered number: 03565598)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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 10 (2024 - 12 ) .

4. | TANGIBLE FIXED ASSETS

Plant and |

machinery |

etc |

| £

| COST

| At 1 June 2024 | 372,010 |  |

| Additions | 20,417 |  |

| Disposals | (34,039 | ) |

| At 31 May 2025 | 358,388 |  |

| DEPRECIATION

| At 1 June 2024 | 331,305 |  |

| Charge for year | 20,806 |  |

| Eliminated on disposal | (17,020 | ) |

| At 31 May 2025 | 335,091 |  |

| NET BOOK VALUE

| At 31 May 2025 | 23,297 |  |

| At 31 May 2024 | 40,705 |  |

McComb Property Company Limited (Registered number: 03565598)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

5. | FIXED ASSET INVESTMENTS

Shares in |

group |

undertakings |

| £

| COST

| At 1 June 2024

| and 31 May 2025 | 100 |  |

| NET BOOK VALUE

| At 31 May 2025 | 100 |  |

| At 31 May 2024 | 100 |  |

6. | INVESTMENT PROPERTY

Total |

| £

| FAIR VALUE

| At 1 June 2024 | 26,798,603 |  |

| Additions | 489,881 |  |

| Disposals | (599,917 | ) |

| Release of revaluation

| on disposals | 229,917 |  |

| At 31 May 2025 | 26,918,484 |  |

| NET BOOK VALUE

| At 31 May 2025 | 26,918,484 |  |

| At 31 May 2024 | 26,798,603 |  |

| On 01 March 2024 all investment properties of the parent company were professionally valued in accordance with the RICS Valuation - Global Standards effective from 31 January 2022, on an open market fair value basis by Avison Young (MRICS). The directors consider this to be fair value at 31 May 2025.

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

31.5.25 | 31.5.24 |

| £ | £

| Trade debtors | 141,085 |  | 146,901 |  |

| Amounts owed by group undertakings | 2,449,798 |  | 2,384,242 |  |

| Other debtors | 247,330 |  | 280,289 |  |

2,838,213 |  | 2,811,432 |  |

| Amounts owed by group undertakings are interest free and repayable on demand.

McComb Property Company Limited (Registered number: 03565598)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

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

31.5.25 | 31.5.24 |

| £ | £

| Trade creditors | 87,144 |  | 77,734 |  |

| Amounts owed to group undertakings | - |  | 100 |  |

| Taxation and social security | 33,642 |  | 45,910 |  |

| Other creditors | 2,555,689 |  | 4,361,065 |  |

2,676,475 |  | 4,484,809 |  |

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

31.5.25 | 31.5.24 |

| £ | £

| Bank loans | 21,600,000 |  | 20,285,270 |  |

| Bank loans are interest only loans and the capital amount is due for repayment is at the end of the loan term.

10. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

31.5.25 | 31.5.24 |

| £ | £

| Within one year | 7,497 |  | 1,092 |  |

| Between one and five years | 13,927 |  | 3,823 |  |

| In more than five years | 455 |  | - |  |

21,879 |  | 4,915 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

31.5.25 | 31.5.24 |

| £ | £

| Bank loans | 21,600,000 |  | 20,285,270 |  |

| Handelsbanken PLC holds first legal charges over 34 separate properties held in either the name of the Company or the Director, M W McComb.

| A personal Guarantee is also given by the director M W McComb.

McComb Property Company Limited (Registered number: 03565598)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

12. | RESERVES

Retained |

earnings |

| £

| At 1 June 2024 | 7,140,403 |  |

| Profit for the year | 146,596 |  |

| At 31 May 2025 | 7,286,999 |  |

13. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditor was unqualified.

| Mr Timothy Cherry FCCA (Senior Statutory Auditor)

| for and on behalf of DJH Audit Limited

14. | RELATED PARTY DISCLOSURES

| Included in other creditors falling due within one year is an amount of £2,112,996 (2024: £3,622,041), due to Mr M W McComb and Mrs S M McComb being directors. The loan is repayable on demand.

| At 31 May 2025 £14,841 (2024: £91,746 due to) was owed from McComb (Bolton) Limited, a company under common control and was held in other creditors at the year end.

| At 31 May 2025 £32,046 (2024: £33,088) was due to McComb Property Investments Limited, a company with common directors and was held in other creditors at the year end.

| At 31 May 2025 an intercompany balance of £2,449,798 (2024: £2,384,142) is due from McComb Property Management Limited.

15. | ULTIMATE CONTROLLING PARTY

| Prior to 27 July 2024, the company was owned and controlled by Michael McComb and Sharon McComb.

| After 27 July 2024, the company is owned and controlled by McComb Property Holdings Limited, registered in England and Wales, 9 Moorgate, Ormskirk, England, L39 4RT. The ultimate controlling party is McComb Property Holdings Limited.

| McComb Property Holdings Limited is the smallest and largest company for which consolidated accounts including McComb Property Company Limited are prepared. The consolidated accounts of McComb Property Holdings Limited are available to the public from its registered office, 9 Moorgate, Ormskirk, England, L39 4RT. Registered number 15325906.