REGISTERED NUMBER: 05687659 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

MCP PROPERTIES (U.K) LTD

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Investment property

4

1,010,000

1,010,000

Current assets

Debtors

5

6,849

5,549

Cash at bank

1,721

1,877

8,570

7,426

Creditors

Amounts falling due within one year

6

213,011

288,124

Net current liabilities

(204,441

)

(280,698

)

Total assets less current liabilities

805,559

729,302

Creditors

Amounts falling due after more than one year

7

(72,500

)

(117,500

)

Provisions for liabilities

8

(54,039

)

(98,475

)

Net assets

679,020

513,327

Capital and reserves

Called up share capital

9

4

4

Fair value reserve

10

339,861

295,425

Retained earnings

339,155

217,898

Shareholders' funds

679,020

513,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2026 and were signed on its behalf by:

Mr S P McKay - Director

1.	Statutory information

MCP Properties (U.K) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05687659. The registered office address is Faulkner House, 31 West Street, Wimborne, Dorset, BH21 1JS and the business address is Unit 7, 11-15 Francis Avenue, Bournemouth, Dorset, BH11 8NX.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income, excluding Value Added Tax, recognised on a receivable basis

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in other comprehensive income.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Investment property

Total

£

Fair value

At 1 August 2024

and 31 July 2025

1,010,000

Net book value

At 31 July 2025

1,010,000

At 31 July 2024

1,010,000

Fair value at 31 July 2025 is represented by:

£

Valuation in 2012

(58,775

)

Valuation in 2021

28,549

Valuation in 2022

424,126

Cost

616,100

1,010,000

Investment property was valued on an open market basis on 31 July 2025 by the directors .

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

2,000

1,000

Prepayments and accrued income

4,849

4,549

6,849

5,549

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Tax

5,349

6,575

VAT

34

950

Other creditors

152,321

225,258

Directors' current accounts

53,326

53,326

Accruals and deferred income

1,981

2,015

213,011

288,124

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other creditors

72,500

117,500

8.	Provisions for liabilities

2025

2024

£

£

Deferred tax

54,039

98,475

Deferred

tax

£

Balance at 1 August 2024

98,475

Provided during year

(44,436

)

Balance at 31 July 2025

54,039

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

"A" Ordinary shares

£1

2

2

2

"B" Ordinary shares

£1

2

2

4

4

10.

Reserves

Fair

value

reserve

£

At 1 August 2024

295,425

Taxation

44,436

At 31 July 2025

339,861

11.	Ultimate controlling party

The company is under the control of the Director, Mr S McKay, by virtue of his 100% holding of the issued share capital of the company.