Marixin (Inverness) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC098274

Marixin (Inverness) Limited

Filleted Unaudited Financial Statements

30 November 2025

Marixin (Inverness) Limited

Statement of Financial Position

30 November 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	31,256	36,680

Current assets

Stocks		6,000	6,000
Debtors	7	6,764	2,397
Cash at bank and in hand		347,266	312,648
		---------	---------
		360,030	321,045

Creditors: amounts falling due within one year	8	77,224	81,151
		---------	---------
Net current assets		282,806	239,894
		---------	---------
Total assets less current liabilities		314,062	276,574

Provisions	7,504	8,371
	---------	---------
Net assets	306,558	268,203
	---------	---------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	305,558	267,203
	---------	---------
Shareholders funds	306,558	268,203
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

Marixin (Inverness) Limited

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:

Evelyn Galloway Thomson

Director

Company registration number: SC098274

Marixin (Inverness) Limited

Notes to the Financial Statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is The Tower, 103 High Street, Elgin, IV30 1EB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents restaurant sales, coffee shop sales and takeaway sales. These are net of VAT and trade discounts.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill is written off in equal annual instalments over its estimated useful economic life.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset.

	Goodwill	-	3 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	10 years straight line
Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The following assets and liabilities are classified as financial instruments - bank, trade debtors, trade creditors, loans and directors' loans to the company. Cash and cash equivalents in the statement of financial position comprise cash at bank and in hand held, on demand. Cash equivalents include other short-term liquid investments with original maturity dates of 95 days or less. Bank overdrafts are shown within creditors due within one year. Trade debtors and creditors are measured at the undiscounted amounts receivable from the customer or payable to a supplier, which is normally the invoiced price. Trade debtors are assessed at the end of each reporting period for the objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of income and retained earnings. Loans received are recognised at the amount of cash received, less separately incurred transition costs. Directors' loans to the company which are repayable on demand are measured at the undiscounted amount of the cash expected to be paid.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2024: 19 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 December 2024 and 30 November 2025	54,410
	--------
Amortisation
At 1 December 2024 and 30 November 2025	54,410
	--------
Carrying amount
At 30 November 2025	–
	--------
At 30 November 2024	–
	--------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 December 2024	78,840	44,790	29,562	19,915	173,107
Additions	–	2,310	–	–	2,310
	--------	--------	--------	--------	---------
At 30 November 2025	78,840	47,100	29,562	19,915	175,417
	--------	--------	--------	--------	---------
Depreciation
At 1 December 2024	78,086	26,663	19,648	12,030	136,427
Charge for the year	189	4,086	1,487	1,972	7,734
	--------	--------	--------	--------	---------
At 30 November 2025	78,275	30,749	21,135	14,002	144,161
	--------	--------	--------	--------	---------
Carrying amount
At 30 November 2025	565	16,351	8,427	5,913	31,256
	--------	--------	--------	--------	---------
At 30 November 2024	754	18,127	9,914	7,885	36,680
	--------	--------	--------	--------	---------

7. Debtors

	2025	2024
	£	£
Other debtors	6,764	2,397
	-------	-------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	9,209	21,836
Corporation tax	13,177	10,734
Social security and other taxes	44,641	37,984
Other creditors	10,197	10,597
	--------	--------
	77,224	81,151
	--------	--------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	3,250	–
Later than 1 year and not later than 5 years	35,750	–
	--------	----
	39,000	–
	--------	----

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Evelyn Galloway Thomson	( 2,237)	16,273	( 9,500)	4,536
	-------	--------	-------	-------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Evelyn Galloway Thomson	5,387	46,176	( 53,800)	( 2,237)
	-------	--------	--------	-------