Company registration number 04858884 (England and Wales)
MREPS Trustees (No 80) Limited
Unaudited Financial Statements
For the year ended 31 August 2025
MREPS Trustees (No 80) Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
MREPS Trustees (No 80) Limited
Statement of financial position
As at 31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
1
1
Net current assets
1
1
Capital and reserves
Called up share capital
1
1

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

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.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income statement within the financial statements. true

The financial statements were approved by the board of directors and authorised for issue on 19 May 2026 and are signed on its behalf by:
C S Jamieson
Director
Company registration number 04858884 (England and Wales)
MREPS Trustees (No 80) Limited
Notes to the financial statements
For the year ended 31 August 2025
- 2 -
1
Accounting policies
Company information

MREPS Trustees (No 80) Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Exchange, 5 Bank Street, Bury, United Kingdom, BL9 0DN.

1.1
Basis of preparation

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

The company was dormant throughout the current year and previous year.

1.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

2
Employees

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

2025
2024
Number
Number
Total
2
2
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1
1
MREPS Trustees (No 80) Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
- 3 -
4
Contingent liabilities

On 27 November 2003, the company entered into a contract, in its capacity as trustee of the Jamieson Life Interest Settlement 2003, to purchase the property known as Manley Hall, Erbistock, Wrexham for the sum of £700,000 from two of the directors, A M and Dr J R Jamieson. In respect of the liability due, the company issued loan notes to A M and Dr J R Jamieson, both of which had an estimated value on issue of £350,000.

The loan notes each carry a face value of £7,350,000, with a repayment date set for 28 November 2048. There is also an early redemption value set at £367,500 for each loan note.

As the above financial transactions have occurred in the company's capacity as trustee of the Jamieson Life Interest Settlement 2003, it is not considered appropriate to record the asset and associated liability in the company's financial statements. However should the value of the property asset be less than the value of the loan note redemption, such that a shortfall arises, the loan note creditors would have recourse to the company's assets at that time. Whether any shortfall will occur is not known at the present time.

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