REGISTERED NUMBER: SC676128 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Mithoff Property Investments Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

2,407

735

Investment property

5

395,000

385,000

397,407

385,735

CURRENT ASSETS

Debtors

6

51,878

45,847

Cash at bank

1,069

480

52,947

46,327

CREDITORS

Amounts falling due within one year

7

166,596

157,420

NET CURRENT LIABILITIES

(113,649

)

(111,093

)

TOTAL ASSETS LESS CURRENT LIABILITIES

283,758

274,642

CREDITORS

Amounts falling due after more than one year

8

310,286

284,379

NET LIABILITIES

(26,528

)

(9,737

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Fair value reserve

10

64,374

56,274

Retained earnings

(90,903

)

(66,012

)

SHAREHOLDERS' FUNDS

(26,528

)

(9,737

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 22 April 2026 and were signed by:

Mr Julian Michael Mithoff - Director

1.	STATUTORY INFORMATION

Mithoff Property Investments Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC676128

Registered office:

Ground Floor

112 George Street

Edinburgh

EH2 4LH

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.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by either an external valuer or the director. In determining the value, observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset are used. Changes in fair value are recognised in profit or loss.

Investment properties are valued by an independent valuer during the process of remortgaging or selling any

of the properties concerned.

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.

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.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Going concern

The director of the company is of the opinion that there are no material uncertainties related to going concern that require disclosure. In arriving at this conclusion, the director has considered the working capital requirements for at least 12 months from the date of approval of the financial statements and the company's cash flow forecasts. The company has net current liabilities of £113,649 (2024: £110,093) and retained losses of £90,903 (2024: £66,012) as a result of funds personally invested with no formal repayment terms. The director has pledged to continue to support the company and therefore the financial statements have been prepared on a going concern basis.

Cash at bank

Cash and cash equivalents comprise cash on hand and call deposits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2024

281

824

699

1,804

Additions

-

-

2,228

2,228

At 30 September 2025

281

824

2,927

4,032

DEPRECIATION

At 1 October 2024

96

542

431

1,069

Charge for year

28

165

363

556

At 30 September 2025

124

707

794

1,625

NET BOOK VALUE

At 30 September 2025

157

117

2,133

2,407

At 30 September 2024

185

282

268

735

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

385,000

Revaluations

10,000

At 30 September 2025

395,000

NET BOOK VALUE

At 30 September 2025

395,000

At 30 September 2024

385,000

Investment properties have been valued by an independent valuer during the process of remortgaging or upon sale on the properties concerned.

Fair value at 30 September 2025 is represented by:

£

Valuation in 2024

385,000

Valuation in 2025

10,000

395,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

51,878

45,847

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

94

Other creditors

166,596

157,326

166,596

157,420

Creditors due under 1 year include unsecured loans of £35,507 (2024: £35,507). Interest is charged on this amount at a rate of 6% per annum and there are no fixed terms for repayment.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

310,286

284,379

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

310,286

284,379

Creditors due over 1 year include mortgages on each investment property which are secured of £310,286 (2024: £284,379). A charge is held over each property in favour of the associated lenders.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

1

1

1

10.

RESERVES

Fair

value

reserve

£

At 1 October 2024

56,274

Transfer from another reserve

8,100

At 30 September 2025

64,374

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the director, Mr Mithoff, was owed £74,416 (2024: £91,401). There are no terms for repayment of this loan and interest is being charged at a market rate.

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £10,588 from EWMJ Properties Limited, company under common control. There are no fixed terms for repayment and interest is not being charged.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Julian Michael Mithoff.