IRIS Accounts Production v26.1.0.640 SC093698 Board of Directors 1.4.25 31.3.26 31.3.26 true false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC093698 2025-03-31 SC093698 2026-03-31 SC093698 2025-04-01 2026-03-31 SC093698 2024-03-31 SC093698 2024-04-01 2025-03-31 SC093698 2025-03-31 SC093698 ns15:Scotland 2025-04-01 2026-03-31 SC093698 ns14:PoundSterling 2025-04-01 2026-03-31 SC093698 ns10:Director1 2025-04-01 2026-03-31 SC093698 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC093698 ns10:SmallEntities 2025-04-01 2026-03-31 SC093698 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 SC093698 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 SC093698 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 SC093698 ns10:FullAccounts 2025-04-01 2026-03-31 SC093698 ns10:OrdinaryShareClass1 2025-04-01 2026-03-31 SC093698 ns10:OrdinaryShareClass2 2025-04-01 2026-03-31 SC093698 ns10:Director2 2025-04-01 2026-03-31 SC093698 ns10:CompanySecretary1 2025-04-01 2026-03-31 SC093698 ns10:RegisteredOffice 2025-04-01 2026-03-31 SC093698 ns5:CurrentFinancialInstruments 2026-03-31 SC093698 ns5:CurrentFinancialInstruments 2025-03-31 SC093698 ns5:ShareCapital 2026-03-31 SC093698 ns5:ShareCapital 2025-03-31 SC093698 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 SC093698 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC093698 ns5:PlantMachinery 2025-04-01 2026-03-31 SC093698 ns5:PlantMachinery 2025-03-31 SC093698 ns5:MotorVehicles 2025-03-31 SC093698 ns5:ComputerEquipment 2025-03-31 SC093698 ns5:MotorVehicles 2025-04-01 2026-03-31 SC093698 ns5:ComputerEquipment 2025-04-01 2026-03-31 SC093698 ns5:PlantMachinery 2026-03-31 SC093698 ns5:MotorVehicles 2026-03-31 SC093698 ns5:ComputerEquipment 2026-03-31 SC093698 ns5:PlantMachinery 2025-03-31 SC093698 ns5:MotorVehicles 2025-03-31 SC093698 ns5:ComputerEquipment 2025-03-31 SC093698 ns5:CostValuation ns5:ListedExchangeTraded 2025-03-31 SC093698 ns5:ListedExchangeTraded 2026-03-31 SC093698 ns5:ListedExchangeTraded 2025-03-31 SC093698 ns5:Subsidiary1 2025-04-01 2026-03-31 SC093698 1 ns5:Subsidiary1 2025-04-01 2026-03-31 SC093698 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 SC093698 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 SC093698 ns5:WithinOneYear 2026-03-31 SC093698 ns5:WithinOneYear 2025-03-31 SC093698 ns5:MoreThanFiveYears 2026-03-31 SC093698 ns5:MoreThanFiveYears 2025-03-31 SC093698 ns5:AllPeriods 2026-03-31 SC093698 ns5:AllPeriods 2025-03-31 SC093698 ns5:DeferredTaxation 2025-03-31 SC093698 ns5:DeferredTaxation 2025-04-01 2026-03-31 SC093698 ns5:DeferredTaxation 2026-03-31 SC093698 ns10:OrdinaryShareClass1 2026-03-31 SC093698 ns10:OrdinaryShareClass2 2026-03-31 SC093698 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC093698 ns5:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31

REGISTERED NUMBER: SC093698 (Scotland)

McCormicks (Commercial) Limited

Financial Statements For The Year Ended 31 March 2026

McCormicks (Commercial) Limited (Registered number: SC093698)

Contents of the Financial Statements

For The Year Ended 31 March 2026

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

McCormicks (Commercial) Limited

Company Information

For The Year Ended 31 March 2026

| DIRECTORS: | Mr I McCormick

| Mr A McCormick

| SECRETARY: | Mr I McCormick

| REGISTERED OFFICE: | 2 Marischal Square

| Broad Street

| Aberdeen

| AB10 1DQ

| REGISTERED NUMBER: | SC093698 (Scotland)

| ACCOUNTANTS: | The Long Partnership

| 4 North Guildry Street

| Elgin

| Moray

| IV30 1JR

| BANKERS: | Virgin Money

| 1 Queens Cross

| Aberdeen

| AB15 4XU

McCormicks (Commercial) Limited (Registered number: SC093698)

Balance Sheet

31 March 2026

| 31.3.26 | 31.3.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 51,160 |  | 4,788 |  |

Investments | 5 | 954,185 |  | 954,185 |  |

Investment property | 6 | 385,000 |  | 450,000 |  |

1,390,345 |  | 1,408,973 |  |

CURRENT ASSETS

Debtors | 7 | 31,486 |  | 3,291 |  |

Cash at bank | 185,346 |  | 317,937 |  |

216,832 |  | 321,228 |  |

CREDITORS

Amounts falling due within one year | 8 | 21,802 |  | 34,707 |  |

NET CURRENT ASSETS | 195,030 |  | 286,521 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,585,375 |  | 1,695,494 |  |

PROVISIONS FOR LIABILITIES | 10 | 5,430 |  | 1,053 |  |

NET ASSETS | 1,579,945 |  | 1,694,441 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 160,880 |  | 160,880 |  |

Retained earnings | 12 | 1,419,065 |  | 1,533,561 |  |

SHAREHOLDERS' FUNDS | 1,579,945 |  | 1,694,441 |  |

McCormicks (Commercial) Limited (Registered number: SC093698)

Balance Sheet - continued

31 March 2026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 5 May 2026 and were signed on its behalf by:

Mr I McCormick - Director

McCormicks (Commercial) Limited (Registered number: SC093698)

Notes to the Financial Statements

For The Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| McCormicks (Commercial) Limited 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.

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.

| Preparation of consolidated financial statements

| The financial statements contain information about McCormicks (Commercial) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| 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.

| Equipment | - | 33% on cost, 25% on reducing balance and 10% on cost

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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.

| Leases

| Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.

McCormicks (Commercial) Limited (Registered number: SC093698)

Notes to the Financial Statements - continued

For The Year Ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| Investments

| Unlisted investments are stated at cost which is considered to equate to market value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2025 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Motor |  | Computer |

| Equipment |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2025 | 5,708 |  | 24,648 |  | 1,497 |  | 31,853 |  |

| Additions | - |  | 51,987 |  | - |  | 51,987 |  |

| Disposals | - |  | (24,648 | ) | - |  | (24,648 | ) |

| At 31 March 2026 | 5,708 |  | 51,987 |  | 1,497 |  | 59,192 |  |

| DEPRECIATION

| At 1 April 2025 | 5,338 |  | 20,230 |  | 1,497 |  | 27,065 |  |

| Charge for year | 93 |  | 2,115 |  | - |  | 2,208 |  |

| Eliminated on disposal | - |  | (21,241 | ) | - |  | (21,241 | ) |

| At 31 March 2026 | 5,431 |  | 1,104 |  | 1,497 |  | 8,032 |  |

| NET BOOK VALUE

| At 31 March 2026 | 277 |  | 50,883 |  | - |  | 51,160 |  |

| At 31 March 2025 | 370 |  | 4,418 |  | - |  | 4,788 |  |

5. | FIXED ASSET INVESTMENTS

| Listed

| investments

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 954,185 |  |

| NET BOOK VALUE

| At 31 March 2026 | 954,185 |  |

| At 31 March 2025 | 954,185 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| WAC (Aberdeen) Limited

| Registered office: 4 North Guildry Street, Elgin, Moray, IV30 1JR

| Nature of business: Property rental

| %

| Class of shares: | holding |

| Ordinary shares | 51.00 |

McCormicks (Commercial) Limited (Registered number: SC093698)

Notes to the Financial Statements - continued

For The Year Ended 31 March 2026

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2025 | 450,000 |  |

| Revaluations | (65,000 | ) |

| At 31 March 2026 | 385,000 |  |

| NET BOOK VALUE

| At 31 March 2026 | 385,000 |  |

| At 31 March 2025 | 450,000 |  |

| The investment property is subject to annual valuation based on the market values of the properties of a similar nature and location. The valuations are carried out annually by the director and periodically by a firm of independent chartered surveyors.

| The investment property is held for use in operating leases.

| Fair value at 31 March 2026 is represented by:

£ |

| Valuation in 2022 | 700,000 |  |

| Valuation in 2025 | (250,000 | ) |

| Valuation in 2026 | (65,000 | ) |

385,000 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.26 |  | 31.3.25

£ | £ |

| Other debtors | 31,486 |  | 3,291 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.26 |  | 31.3.25

£ | £ |

| Taxation and social security | 477 |  | 23,544 |  |

| Other creditors | 21,325 |  | 11,163 |  |

21,802 |  | 34,707 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.3.26 |  | 31.3.25

£ | £ |

| Within one year | 16,494 |  | 16,494 |  |

| In more than five years | 98,964 |  | 115,458 |  |

115,458 |  | 131,952 |  |

McCormicks (Commercial) Limited (Registered number: SC093698)

Notes to the Financial Statements - continued

For The Year Ended 31 March 2026

10. | PROVISIONS FOR LIABILITIES

| 31.3.26 |  | 31.3.25

£ | £ |

| Deferred tax | 5,430 |  | 1,053 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2025 | 1,053 |  |

| Provided during year | 4,377 |  |

| Balance at 31 March 2026 | 5,430 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.26 |  | 31.3.25

| value: | £ | £ |

| 54,880 | Ordinary A | 1 | 54,880 |  | 54,880 |  |

| 106,000 | Ordinary B | 1 | 106,000 |  | 106,000 |  |

160,880 |  | 160,880 |  |

12. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2025 | 1,533,561 |  |

| Deficit for the year | (114,496 | ) |

| At 31 March 2026 | 1,419,065 |  |

13. | RELATED PARTY DISCLOSURES

| The company is connected to McCormicks (Commercial) Limited Retirement Benefits Scheme, being the directors' pension fund. At 31 March 2025 McCormicks (Commercial) Limited Retirement Benefits Scheme owed the company £3,291. During the year the company met expenses on behalf of McCormicks (Commercial) Limited Retirement Benefits Scheme totalling £72. At 31 March 2026 McCormicks (Commercial) Limited Retirement Benefits Scheme owed the company £3,363. During the year the company paid rental to McCormicks (Commercial) Limited Retirement Benefit Scheme amounting to £16,494 (2025 - £16,494).

| At 31 March 2025 the company owed the director £322. During the year the director met expenses on behalf of the company totalling £628. At 31 March 2026 the company owed the director £950. This loan is interest free and repayable on demand.

| During the year WAC (Aberdeen) Limited a company under common control received services totalling £18,646 (2025 - £12,431) to the company. As at 31 March 2026 the company was due WAC (Aberdeen) Limited £Nil.