MCN PROPERTY INVESTMENTS LTD


Director	SPEIRS, Margaret Ann


Registered Address	1/2 485 St Vincent Street
	Glasgow
	G3 8NR


Registered Number	SC638360 (Scotland)

Statement of Financial Position
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		959		-
Investment property	4		395,000		395,000
			395,959		395,000
Current assets
Debtors	5	3,525		2,568
Cash at bank and on hand		3,083		1,957
		6,608		4,525
Creditors amounts falling due within one year	6	(83,601)		(91,422)
Net current assets (liabilities)			(76,993)		(86,897)
Total assets less current liabilities			318,966		308,103
Creditors amounts falling due after one year	7		(270,456)		(272,701)
Provisions for liabilities	8		(2,191)		(2,191)
Net assets			46,319		33,211
Capital and reserves
Called up share capital			1		1
Other reserves			6,577		6,577
Profit and loss account			39,741		26,633
Shareholders' funds			46,319		33,211

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 Director acknowledges 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 financial statements were approved and authorised for issue by the Director on 26 May 2026, and are signed on its behalf by:

SPEIRS, Margaret Ann
Director
Registered Company No. SC638360

MCN PROPERTY INVESTMENTS LTD

Notes to the Financial Statements
for the year ended 31 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.

	Basis of preparation
	These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Basis of preparation

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

	Going concern
	The financial statements have been prepared on a going concern basis.

	Judgements and key sources of estimation uncertainty
	The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The director considers there are no such significant judgements.

	Turnover policy
	Turnover represents rents receivable and expenses recharged, excluding value added tax. The company recognises rental income on a straight line basis over the term of the lease.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. There has been no movement during the year.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

	Investment property
	The company's properties are held for long term investment. Investment properties are accounted for as follows: (i) Investment properties are initially recorded at cost which includes purchase cost and any directly attributable expenditure. (ii) Thereafter, investment properties are revalued at each balance sheet date to their fair value, where this can be measured reliably. (iii) The surplus or deficit arising on revaluation in the financial year is recognised in the income statement account for that year. (iv) Deferred taxation is provided on any gains at the rate expected to apply when a property is sold.

Investment property

The company's properties are held for long term investment.

Investment properties are accounted for as follows:

(i) Investment properties are initially recorded at cost which includes purchase cost and any directly attributable expenditure.

(ii) Thereafter, investment properties are revalued at each balance sheet date to their fair value, where this can be measured reliably.

(iii) The surplus or deficit arising on revaluation in the financial year is recognised in the income statement account for that year. 

(iv) Deferred taxation is provided on any gains at the rate expected to apply when a property is sold.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans from banks and other third parties.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
Additions	1,151	1,151
At 31 August 25	1,151	1,151
Depreciation and impairment
Charge for year	192	192
At 31 August 25	192	192
Net book value
At 31 August 25	959	959
At 31 August 24	-	-

4.	Investment property
	The fair value of the investment property at 31 August 2025, has been arrived at on the basis of a valuation carried out at that date by the company director, who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the current state of the rental market in the area where the properties are situated.

Investment property

The fair value of the investment property at 31 August 2025, has been arrived at on the basis of a valuation carried out at that date by the company director, who is not a professionally qualified valuer. The valuation  was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the current state of the rental market in the area where the properties are situated.


		£
	Fair value at 01 September 24	395,000
	At 31 August 25	395,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	3,525	2,568
Total	3,525	2,568

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	3,089	2,174
Other creditors	80,512	89,248
Total	83,601	91,422

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	270,456	272,701
Total	270,456	272,701

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	2,191	2,191
Total	2,191	2,191

9.	Related party transactions
	Included in creditors is a loan of £77,853 (2024 - £85,671) from the director. The loan is interest free, unsecured and repayable on demand.