REGISTERED NUMBER: SC454615 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

The Northumberland Street Mews Company

Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D M Petrie

G M Rawlinson

REGISTERED OFFICE:

28 Rutland Square

Edinburgh

EH1 2BW

REGISTERED NUMBER:

SC454615 (Scotland)

ACCOUNTANTS:

Gibson McKerrell Burrows Limited

28 Rutland Square

Edinburgh

EH1 2BW

FIXED ASSETS

Tangible assets

4

8,758

11,677

Investments

5

43

43

8,801

11,720

CURRENT ASSETS

Work in progress

64,893

19,647

Debtors

6

1,019,531

1,145,210

Cash at bank and in hand

28,696

95,644

1,113,120

1,260,501

CREDITORS

Amounts falling due within one year

7

208,519

256,327

NET CURRENT ASSETS

904,601

1,004,174

TOTAL ASSETS LESS CURRENT LIABILITIES

913,402

1,015,894

CREDITORS

Amounts falling due after more than one year

8

-

(9,244

)

PROVISIONS FOR LIABILITIES

9

(1,664

)

(2,824

)

NET ASSETS

911,738

1,003,826

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

911,736

1,003,824

911,738

1,003,826

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

D M Petrie - Director

1.	STATUTORY INFORMATION

The Northumberland Street Mews Company 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 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.

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 the provision of property consultancy services.

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.

Motor vehicles - 25% reducing balance

Computer equipment - 25% reducing balance

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.

Work in progress

Work in progress is recognised when the company obtains the right to consideration and is valued at fair value based on the stage of completion of the contract.

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 . Income Statement. 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 Income Statement.

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.

Fixed asset investments

Fixed asset investments in unlisted companies are included in the company's statement of financial position at cost less any amounts written off for permanent diminution in value.

At the end of each reporting period, investments are assessed for objective evidence of impairment. If objective evidence is found, an impairment loss is recognised in the Income Statement.

On disposal of an investment, the difference between the disposal proceeds and the carrying amount of the investment is recognised in the Income Statement.

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.

Leasing commitments

Rentals under operating leases are charged to the Statement of Comprehensive Income 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

and 31 July 2025

63,989

DEPRECIATION

At 1 August 2024

52,312

Charge for year

2,919

At 31 July 2025

55,231

NET BOOK VALUE

At 31 July 2025

8,758

At 31 July 2024

11,677

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2024

and 31 July 2025

43

NET BOOK VALUE

At 31 July 2025

43

At 31 July 2024

43

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,019,531

1,145,210

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,739

9,754

Trade creditors

12,837

5,571

Taxation and social security

40,041

78,102

Other creditors

146,902

162,900

208,519

256,327

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

9,244

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,664

2,824

Deferred

tax

£

Balance at 1 August 2024

2,824

Utilised during year

(1,160

)

Balance at 31 July 2025

1,664

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £130,000 (2024 - £140,000) were paid to the directors .

Included in other debtors is the following loans due to/(from) limited liability partnerships and companies that the company has an interest in:-

2025

2024

£

£

North Berwick LLP

(2170

)

(2,170

)

Cannonmills Ltd

786

786

New Town 29 Ltd

295,758

295,724

Canongate Ltd

249,202

249,202

Castle No30 Ltd

235,091

385,191

Morningside No 64 Ltd

139,365

141,260

Broughton No 1 Ltd

93,998

73,,784