Company registration number SC047676 (Scotland)
W. M. MANN & CO. (INVESTMENTS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
W. M. MANN & CO. (INVESTMENTS) LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 10
W. M. MANN & CO. (INVESTMENTS) LIMITED
COMPANY INFORMATION
- 1 -
Directors
A W Mann BLE MILT
B M Mann MCIBS BSc(Fin) (Chairman)
Secretary
Curle Stewart Limited
Company number
SC047676
Registered office
201 Bath Street
Glasgow
Scotland
G2 4HZ
Accountants
Consilium Chartered Accountants
169 West George Street
Glasgow
Scotland
G2 2LB
W. M. MANN & CO. (INVESTMENTS) LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
15,177
-
0
Investment property
4
3,137,241
2,662,039
Investments
5
4,239,023
4,239,123
7,391,441
6,901,162
Current assets
Debtors falling due after more than one year
6
1,361,652
1,952,625
Debtors falling due within one year
6
3,172,225
2,313,786
Cash at bank and in hand
572,197
1,437,865
5,106,074
5,704,276
Creditors: amounts falling due within one year
7
(963,874)
(976,795)
Net current assets
4,142,200
4,727,481
Total assets less current liabilities
11,533,641
11,628,643
Provisions for liabilities
8
(1,530)
-
0
Net assets
11,532,111
11,628,643
Capital and reserves
Called up share capital
10
548,557
548,557
Capital redemption reserve
307,000
307,000
Other reserves
3,125,117
3,125,117
Profit and loss reserves
7,551,437
7,647,969
Total equity
11,532,111
11,628,643

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

W. M. MANN & CO. (INVESTMENTS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 25 March 2026 and are signed on its behalf by:
B M Mann MCIBS BSc(Fin) (Chairman)
Director
Company Registration No. SC047676
W. M. MANN & CO. (INVESTMENTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
1
Accounting policies
Company information

W. M. Mann & Co. (Investments) Limited is a private company limited by shares incorporated in Scotland. The registered office is 201 Bath Street, Glasgow, Scotland, G2 4HZ. The company's registration number is SC047676.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover represents the aggregate of interest on advances, income from investments, gross rental income, commissions and other fees earned.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
50% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in the profit and loss account.

W. M. MANN & CO. (INVESTMENTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit and loss account.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

W. M. MANN & CO. (INVESTMENTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12
Retirement benefits

The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the company. Contributions payable to the company's pension schemes are charged to the profit and loss account in the period which they relate.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to the profit and loss account on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Total
2
2
W. M. MANN & CO. (INVESTMENTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 January 2025
-
0
Additions
21,391
At 31 December 2025
21,391
Depreciation and impairment
At 1 January 2025
-
0
Depreciation charged in the year
6,214
At 31 December 2025
6,214
Carrying amount
At 31 December 2025
15,177
At 31 December 2024
-
0
4
Investment property
2025
£
Fair value
At 1 January 2025
2,662,039
Additions
475,202
At 31 December 2025
3,137,241

The directors have reviewed the valuation of the investment properties on an open market value basis by reference to market evidence of transaction prices for similar properties. The directors consider this valuation to be appropriate with no significant change in value in the current year.

5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
4,239,023
4,239,123
W. M. MANN & CO. (INVESTMENTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
5
Fixed asset investments
(Continued)
- 8 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2025
4,239,123
Impairment
(100)
At 31 December 2025
4,239,023
Carrying amount
At 31 December 2025
4,239,023
At 31 December 2024
4,239,123
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,164,792
275,000
Amounts owed by group undertakings
2,005,000
2,025,000
Other debtors
2,433
13,786
3,172,225
2,313,786
2025
2024
Amounts falling due after more than one year:
£
£
Trade debtors
1,361,652
1,952,625
Total debtors
4,533,877
4,266,411
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
37,915
57,554
Other creditors
925,959
919,241
963,874
976,795
W. M. MANN & CO. (INVESTMENTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
8
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
9
1,530
-
0
9
Deferred taxation

The following are the major deferred tax liabilities recognised by the company and movements thereon:

2025
2024
Balances:
£
£
Accelerated capital allowances
1,530
-
2025
Movements in the year:
£
Liability at 1 January 2025
-
Charge to profit or loss
1,530
Liability at 31 December 2025
1,530
10
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
548,557 Ordinary of £1
548,557
548,557
11
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
20,250
36,450
W. M. MANN & CO. (INVESTMENTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
12
Related party transactions

The company has taken the advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
Included within other creditors is a deposit amount totalling £202,510 (2024 - £227,640 ) due to The W M Mann Foundation. At the balance sheet date a dividend totalling £42,600 (2024 - £42,600) was payable to The W M Mann Foundation.

Included within other creditors is a balance of £43,145 (2024 - £36,317 ) due to individuals who are connected to the directors.

No further transactions with related parties were undertaken such as are required to be disclosed under the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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