ACCOUNTS - Final Accounts

Registered number: 14474210

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2025

	MC SELF STORAGE LIMITED


MC SELF STORAGE LIMITED

COMPANY INFORMATION

Directors	T J Cridland
	J C Lass
	I F Spence
	E Illitsch


Registered number	14474210


Registered office	55 Wells Street
	London
	W1T 3PT


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	2nd Floor, Origin One
	108 High Street
	Crawley
	RH10 1BD


MC SELF STORAGE LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 6


MC SELF STORAGE LIMITED REGISTERED NUMBER:14474210

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		4,068		3,173
			4,068		3,173
Current assets
Debtors: amounts falling due within one year	5	457,378		401,629
Cash at bank and in hand		412,337		268,942
		869,715		670,571
Creditors: amounts falling due within one year	6	(277,545)		(425,921)
Net current assets			592,170		244,650
Total assets less current liabilities			596,238		247,823
Provisions for liabilities
Deferred tax		(256)		(193)
			(256)		(193)
Net assets			595,982		247,630

Capital and reserves
Allotted, called up and fully paid share capital	100	100
Profit and loss account	595,882	247,530
	595,982	247,630

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

T J Cridland

Director

Date: 8 May 2026

The notes on pages 2 to 6 form part of these financial statements.

Page 1


MC SELF STORAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

MC Self Storage Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

The financial statements are presented in sterling which is the functional and presentation currency of the Company and rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the Company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the Company has positive reserves and cash balances. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

2.3

Revenue

Revenue is recognised when:

- a contract with a customer can be identified
- the performance obligation can be identified
- the transaction price can be determined reliably
- the transaction price can be allocated to the performance obligation
- the performance obligation is satisfied

Revenue comprises management fees, payroll recharges and performance fees. Revenue is recognised in the accounting period in which the services are provided. Income earned but not invoiced at year end is included within accrued income. Accrued income is usually settled in the following quarter.

Revenue from performance fees is recognised upon meeting specific performance targets over the agreed time period and calculated in accordance with a contractually agreed formula.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2


MC SELF STORAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	25%	straight line
				Office equipment	-	25%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3


MC SELF STORAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.8

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 creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 49 (2024 - 49).

Page 4


MC SELF STORAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

	Fixtures and fittings	Office equipment	Total
	£	£	£
Cost
At 1 January 2025	1,224	2,871	4,095
Additions	-	2,189	2,189
At 31 December 2025	1,224	5,060	6,284
Depreciation
At 1 January 2025	236	686	922
Charge for the year	300	994	1,294
At 31 December 2025	536	1,680	2,216
Net book value
At 31 December 2025	688	3,380	4,068
At 31 December 2024	988	2,185	3,173

5.	Debtors: amounts falling due within one year

					2025	2024
					£	£


Amounts owed from group undertakings	724	157,688
Prepayments and accrued income	456,654	243,941
	457,378	401,629

Amounts owed by group undertakings are interest free and repayable on demand.

Page 5


MC SELF STORAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	19,854	6,458
Amounts owed to group undertakings	-	110,000
Other taxation and social security	80,962	92,053
Other creditors	107,348	130,384
Accruals and deferred income	69,381	87,026
	277,545	425,921

Amounts owed to group undertakings are interest free and repayable on demand.

7.	Controlling party

The immediate parent undertaking is Swiss Life Asset Managers UK Limited.

The ultimate parent undertaking and the largest group to consolidate these financial statements is Swiss Life Holding AG. The consolidated financial statements can be obtained from 40 General-Guisan-Quai, Zurich, Switzerland, CH-8002.

There is not considered to be an ultimate controlling party.

8.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 8 May 2026 by Anna Johnston ACA (Senior statutory auditor) on behalf of Menzies LLP.

Page 6