REGISTERED NUMBER: SC107198 (Scotland)

Mentor M.A. (Scotland) Limited

Unaudited Financial Statements

for the Year Ended 31 May 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms L Jackson

REGISTERED OFFICE:

30 Castle Street Box 23940

Edinburgh

EH2 9AB

REGISTERED NUMBER:

SC107198 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

The Royal Bank of Scotland plc

36 St Andrew Square

Edinburgh

EH2 2AD

FIXED ASSETS

Tangible assets

4

362

2,100

Investment property

5

780,000

780,000

780,362

782,100

CURRENT ASSETS

Debtors

6

1,901

773

Cash at bank and in hand

37,504

20,136

39,405

20,909

CREDITORS

Amounts falling due within one year

7

363,912

363,002

NET CURRENT LIABILITIES

(324,507

)

(342,093

)

TOTAL ASSETS LESS CURRENT LIABILITIES

455,855

440,007

PROVISIONS FOR LIABILITIES

4,933

5,037

NET ASSETS

450,922

434,970

CAPITAL AND RESERVES

Called up share capital

132

132

Fair value reserve

8

88,402

88,402

Retained earnings

8

362,388

346,436

SHAREHOLDERS' FUNDS

450,922

434,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 14 May 2026 and were signed by:

Ms L Jackson - Director

1.	STATUTORY INFORMATION

Mentor M.A. (Scotland) 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.

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 etc

-

25% on cost and 10% on cost

Investment property

Investment properties are shown at their fair value. Any surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market conditions is not considered to be permanent.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve with the relevant change in fair value.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

Turnover and revenue recognition

Turnover represents the rental income from investment properties.

Revenue is recognised in line with performance to the extent that a right to consideration arises.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

45,091

DEPRECIATION

At 1 June 2024

42,991

Charge for year

1,738

At 31 May 2025

44,729

NET BOOK VALUE

At 31 May 2025

362

At 31 May 2024

2,100

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

780,000

NET BOOK VALUE

At 31 May 2025

780,000

At 31 May 2024

780,000

Fair value at 31 May 2025 is represented by:

£

Valuation in 2008

(2,886

)

Valuation in 2009

(2,500

)

Valuation in 2010

(2,500

)

Valuation in 2014

6,055

Valuation in 2016

40,000

Valuation in 2018

15,000

Valuation in 2019

5,000

Valuation in 2020

15,000

Valuation in 2022

35,000

Cost

671,831

780,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

671,831

671,831

The property is shown at the directors' estimated valuation at 31 May 2025. The directors are not professional valuers.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,901

773

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

4,125

2,788

Other creditors

359,787

360,214

363,912

363,002

Included in other creditors is a balance of £254,297 (2024 : £254,297) owed to R J Normand. The director's current account is unsecured and repayable on demand. Interest has been charged on the director's current accounts since 24 November 2023 at 6% per annum.

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 June 2024

346,436

88,402

434,838

Profit for the year

15,952

15,952

At 31 May 2025

362,388

88,402

450,790