Matheson Glynn Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC560018

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,209,703		5,273,000

			5,209,703		5,273,000
CURRENT ASSETS
Debtors	5	2,887		14,788
Cash at bank and in hand		4,428		6,534

		7,315		21,322
Creditors: Amounts Falling Due Within One Year	6	(40,083 )		(24,730 )

NET CURRENT ASSETS (LIABILITIES)			(32,768 )		(3,408 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,176,935		5,269,592

Creditors: Amounts Falling Due After More Than One Year	7		(3,906,504 )		(4,067,274 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(170,715 )		(149,150 )

NET ASSETS			1,099,716		1,053,168

CAPITAL AND RESERVES
Called up share capital	8		300		300
Share premium account			323,605		323,605
Profit and Loss Account			775,811		729,263

SHAREHOLDERS' FUNDS			1,099,716		1,053,168

Page 1

Page 2

Matheson Glynn Ltd

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr James Redfern

Director

19/05/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Matheson Glynn Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC560018 . The registered office is Suite 3a, Broughton Place, Edinburgh, EH1 3RL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% Reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Investment Properties	Plant & Machinery	Total
	£	£	£
Cost or Valuation
As at 1 June 2024	5,273,000	-	5,273,000
Additions	-	270	270
Disposals	(205,000 )	-	(205,000 )
Revaluation	141,500	-	141,500

As at 31 May 2025	5,209,500	270	5,209,770

...CONTINUED

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Matheson Glynn Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

Depreciation
As at 1 June 2024	-	-	-
Provided during the period	-	67	67

As at 31 May 2025	-	67	67

Net Book Value
As at 31 May 2025	5,209,500	203	5,209,703

As at 1 June 2024	5,273,000	-	5,273,000

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,271	185
Other debtors	616	14,603

	2,887	14,788

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,611	1,755
Bank loans and overdrafts	3,833	3,833
Other creditors	31,639	19,142

	40,083	24,730

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	18,577	22,487
Other creditors	3,887,927	4,044,787

	3,906,504	4,067,274

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	300	300

9. Related Party Transactions

The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

10. Ultimate Controlling Party

The company's ultimate controlling party is James Redfern by virtue of his ownership of the majority of the issued share capital in the company.