IRIS Accounts Production v26.1.0.639 SC656916 Board of Directors 1.7.24 30.6.25 30.6.25 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC656916 2024-06-30 SC656916 2025-06-30 SC656916 2024-07-01 2025-06-30 SC656916 2023-06-30 SC656916 2023-07-01 2024-06-30 SC656916 2024-06-30 SC656916 ns15:Scotland 2024-07-01 2025-06-30 SC656916 ns14:PoundSterling 2024-07-01 2025-06-30 SC656916 ns10:Director1 2024-07-01 2025-06-30 SC656916 ns10:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC656916 ns10:SmallEntities 2024-07-01 2025-06-30 SC656916 ns10:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 SC656916 ns10:SmallCompaniesRegimeForDirectorsReport 2024-07-01 2025-06-30 SC656916 ns10:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC656916 ns10:FullAccounts 2024-07-01 2025-06-30 SC656916 ns10:Director2 2024-07-01 2025-06-30 SC656916 ns10:RegisteredOffice 2024-07-01 2025-06-30 SC656916 ns5:CurrentFinancialInstruments 2025-06-30 SC656916 ns5:CurrentFinancialInstruments 2024-06-30 SC656916 ns5:ShareCapital 2025-06-30 SC656916 ns5:ShareCapital 2024-06-30 SC656916 ns5:RetainedEarningsAccumulatedLosses 2025-06-30 SC656916 ns5:RetainedEarningsAccumulatedLosses 2024-06-30 SC656916 ns5:PlantMachinery 2024-06-30 SC656916 ns5:PlantMachinery 2024-07-01 2025-06-30 SC656916 ns5:PlantMachinery 2025-06-30 SC656916 ns5:PlantMachinery 2024-06-30 SC656916 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-06-30 SC656916 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-06-30

REGISTERED NUMBER: SC656916 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

M&C W Properties Ltd.

M&C W Properties Ltd. (Registered number: SC656916)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

M&C W Properties Ltd.

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | Mrs C Wishart

| M Wishart

| REGISTERED OFFICE: | 14 Rutland Square

| Edinburgh

| EH1 2BD

| REGISTERED NUMBER: | SC656916 (Scotland)

| ACCOUNTANTS: | Gibson McKerrell Burrows Limited

| 28 Rutland Square

| Edinburgh

| EH1 2BW

M&C W Properties Ltd. (Registered number: SC656916)

Statement of Financial Position

30 June 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 6,102 |  |

Investment property | 5 | 1,453,121 |  | 1,453,121 |  |

1,453,121 |  | 1,459,223 |  |

CURRENT ASSETS

Debtors | 6 | 72,427 |  | 76,800 |  |

Cash at bank | 432,679 |  | 409,793 |  |

505,106 |  | 486,593 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,614,501 |  | 1,617,916 |  |

NET CURRENT LIABILITIES | (1,109,395 | ) | (1,131,323 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 343,726 |  | 327,900 |  |

CAPITAL AND RESERVES

Called up share capital | 50 |  | 50 |  |

Retained earnings | 343,676 |  | 327,850 |  |

343,726 |  | 327,900 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 14 April 2026 and were signed on its behalf by:

M Wishart - Director

M&C W Properties Ltd. (Registered number: SC656916)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| M&C W Properties 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.

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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. Turnover is attributable to the company's principal activity of rental of investment property.

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost. Cost includes the original purchase price and costs directly attributable to bringing the asset to its present location and into its present condition. After initial recognition, the assets are measured at cost less any accumulated depreciation and any accumulated impairment losses. Freehold properties are subsequently measured at their revalued amount, being the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| Depreciation is provided by equal instalments at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Fixtures & Fittings Plant and machinery - over 4 years

| Depreciation and impairment losses are charged to the Statement of Comprehensive Income within administrative expenses.

| The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

| Investment property

| Investment properties are properties held to earn rentals and/or for capital appreciation.

| Investment properties are initially measured at cost, including transaction costs. Subsequently, investment properties whose fair value can be measured reliably without undue cost or effort, on an on-going basis, are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the Statement of Comprehensive Income in the period in which they arise.

| Investment properties whose fair value cannot be measured reliably without undue cost or effort, on an on-going basis, are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.

M&C W Properties Ltd. (Registered number: SC656916)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and payables, loans from banks and other third parties.

| At the end of each reporting period, financial assets that are measured at cost are assessed for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the Statement of Comprehensive Income.

| Financial assets are derecognised when (a) the contractual rights to the cash flows arising from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party.

| Financial liabilities are measured at amortised cost less any accumulated impairment losses. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 24,408 |  |

| DEPRECIATION

| At 1 July 2024 | 18,306 |  |

| Charge for year | 6,102 |  |

| At 30 June 2025 | 24,408 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  |

| At 30 June 2024 | 6,102 |  |

M&C W Properties Ltd. (Registered number: SC656916)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024

| and 30 June 2025 | 1,453,121 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,453,121 |  |

| At 30 June 2024 | 1,453,121 |  |

| Investment property is being carried at fair value and the directors are of the opinion that cost repesents a fair value of the property.

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

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 4,903 |  |

| Other debtors | 72,427 |  | 71,897 |  |

72,427 |  | 76,800 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed to participating interests | 1,513,427 |  | 1,513,427 |  |

| Taxation and social security | 38,976 |  | 36,344 |  |

| Other creditors | 62,098 |  | 68,145 |  |

1,614,501 |  | 1,617,916 |  |

8. | RELATED PARTY DISCLOSURES

| At the year end the company owed Martin Wishart Ltd, the parent company, £1,513,427 (2024: £1,513,427). The loan is interest free with no set repayment terms.