MURLET PROPERTIES LIMITED


Directors	LETHAM, Robert
	MURRAY, Antony
	MURRAY, Edward Gerald


Company Secretary	LETHAM, Robert


Registered Address	5 Victoria Place
	Airdrie
	Lanarkshire
	ML6 9BU


Registered Number	SC112082 (Scotland)

Balance Sheet as at
30 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		274,898		281,811
			274,898		281,811
Current assets
Debtors	4	1,586		500
Cash at bank and on hand		6,314		29,360
		7,900		29,860
Creditors amounts falling due within one year	5	(115,621)		(134,654)
Net current assets (liabilities)			(107,721)		(104,794)
Total assets less current liabilities			167,177		177,017
Net assets			167,177		177,017
Capital and reserves
Called up share capital			6,000		6,000
Profit and loss account			161,177		171,017
Shareholders' funds			167,177		177,017

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 26 May 2026, and are signed on its behalf by:

MURRAY, Antony
Director
Registered Company No. SC112082

MURLET PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 30 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 31 August 24	352,720
	Additions	4,648
	At 30 August 25	357,368
	Depreciation and impairment
	At 31 August 24	70,910
	Charge for year	11,560
	At 30 August 25	82,470
	Net book value
	At 30 August 25	274,898
	At 30 August 24	281,811

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Prepayments and accrued income	1,586	500
Total	1,586	500

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	1,108	840
Other creditors	113,313	132,813
Accrued liabilities and deferred income	1,200	1,001
Total	115,621	134,654

6.	Directors advances, credits and guarantees
	At the year-end, there was a balance due to the Directors from Murlet Properties Ltd of £113,313 (2024: £113,313). This loan is interest-free and is repayable on demand.

7.	Related party transactions
	During the year, services totaling £944 (2024: £751) were purchased from EG Murray Insurance Services. At the end of the year, there is a balance owed to EG Murray Insurance Services of £Nil (2024: £19,500).

8.	Controlling party
	The ultimate controlling party is Mr. Edward Murray, a Director and shareholder of the company.