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REGISTERED NUMBER: SC005669 (Scotland)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

HMC HOLDINGS LIMITED

HMC HOLDINGS LIMITED (REGISTERED NUMBER: SC005669)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

HMC HOLDINGS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | R A W Johnston B.A., C.A.

| W C Watson B.Sc.

| J W R Watson B.Sc.

| SECRETARY: | R A W Johnston B.A., C.A.

| REGISTERED OFFICE: | 30 Ballot Road

| IRVINE

| Ayrshire

| KA12 0HW

| REGISTERED NUMBER: | SC005669 (Scotland)

| SENIOR STATUTORY AUDITOR: | Neil H. McConnell BAcc CA

| AUDITORS: | Gilmour Hamilton LLP

| Statutory Auditor

| 37 Portland Road

| KILMARNOCK

| Ayrshire

| KA1 2DJ

HMC HOLDINGS LIMITED (REGISTERED NUMBER: SC005669)

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 1,098,397 |  | 1,253,183 |  |

Investments | 6 | 200 |  | 200 |  |

Investment property | 7 | 6,047,530 |  | 6,082,530 |  |

7,146,127 |  | 7,335,913 |  |

CURRENT ASSETS

Debtors | 8 | 240,105 |  | 249,313 |  |

Cash at bank and in hand | 677,620 |  | 471,078 |  |

917,725 |  | 720,391 |  |

CREDITORS

Amounts falling due within one year | 9 | 356,502 |  | 345,105 |  |

NET CURRENT ASSETS | 561,223 |  | 375,286 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,707,350 |  | 7,711,199 |  |

CREDITORS

Amounts falling due after more than one year | 10 | (49,965 | ) | (80,439 | ) |

PROVISIONS FOR LIABILITIES | (104,218 | ) | (125,463 | ) |

NET ASSETS | 7,553,167 |  | 7,505,297 |  |

CAPITAL AND RESERVES

Called up share capital | 165,305 |  | 165,305 |  |

Capital redemption reserve | 12 | 34,695 |  | 34,695 |  |

Fair value reserve | 12 | 718,272 |  | 741,510 |  |

Retained earnings | 12 | 6,634,895 |  | 6,563,787 |  |

SHAREHOLDERS' FUNDS | 7,553,167 |  | 7,505,297 |  |

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2026 and were signed on its behalf by:

J W R Watson B.Sc. - Director

HMC HOLDINGS LIMITED (REGISTERED NUMBER: SC005669)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| HMC Holdings Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the pound sterling, rounded to the nearest pound.

2. | STATEMENT OF COMPLIANCE

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

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the fair valuation of certain assets.

| The company is profitable, well funded with little external finance. The directors do not forecast any material change in the company's profitability or cash flows. Based on these factors and available market information, the directors continue to adopt the going concern basis in preparing the financial statements.

| Preparation of consolidated financial statements

| The financial statements contain information about HMC Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover represents the amount derived from property management and the provision of storage facilities exclusive of value added tax. Rents received are allocated on a straight-line basis over the term of the lease or rental agreement.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Land and buildings | - | 2% on cost

| Plant and machinery etc | - | 33.33% on cost, 20% on cost and 10% on cost

| Where there is evidence that the carrying value of a fixed asset has been impaired, an appropriate provision is made.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Investment property

| Investment property is included at fair value. Fair value gains and losses are recognised in the income statement. Where applicable, deferred tax is provided on these gains at the rate expected to apply when the property is sold.

| Unrealised fair value gains and related deferred tax provisions are transferred from retained earnings to a fair value reserve to distinguish them from distributable profits.

HMC HOLDINGS LIMITED (REGISTERED NUMBER: SC005669)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Pension costs and other post-retirement benefits

| The company contributes to defined contribution pension schemes for current employees. The assets of the schemes are held separately from those of the company in independently administered funds. The pension cost charge represents the contributions payable by the company during the year.

| Financial instruments

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses.

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

| Cash on the balance sheet comprises cash in hand and cash at bank.

| Leasing

| Assets obtained under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

| Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

| Employee benefits

| When employees have rendered service to the company, short term benefits (including holiday pay) to which employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 6 ) .

HMC HOLDINGS LIMITED (REGISTERED NUMBER: SC005669)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 444,979 |  | 2,189,341 |  | 2,634,320 |  |

| Additions | - |  | 50,292 |  | 50,292 |  |

| Disposals | - |  | (35,012 | ) | (35,012 | ) |

| At 31 December 2025 | 444,979 |  | 2,204,621 |  | 2,649,600 |  |

| DEPRECIATION

| At 1 January 2025 | 74,508 |  | 1,306,629 |  | 1,381,137 |  |

| Charge for year | 8,900 |  | 196,179 |  | 205,079 |  |

| Eliminated on disposal | - |  | (35,013 | ) | (35,013 | ) |

| At 31 December 2025 | 83,408 |  | 1,467,795 |  | 1,551,203 |  |

| NET BOOK VALUE

| At 31 December 2025 | 361,571 |  | 736,826 |  | 1,098,397 |  |

| At 31 December 2024 | 370,471 |  | 882,712 |  | 1,253,183 |  |

| Plant and machinery etc includes assets with a net book value totalling £76,287 (2024: £103,593) which are funded via hire purchase agreements.

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 200 |  |

| NET BOOK VALUE

| At 31 December 2025 | 200 |  |

| At 31 December 2024 | 200 |  |

7. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025 | 6,082,530 |  |

| Disposals | (160,000 | ) |

| Net gains (losses) from fair value adjustments | 125,000 |  |

| At 31 December 2025 | 6,047,530 |  |

| NET BOOK VALUE

| At 31 December 2025 | 6,047,530 |  |

| At 31 December 2024 | 6,082,530 |  |

HMC HOLDINGS LIMITED (REGISTERED NUMBER: SC005669)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | INVESTMENT PROPERTY - continued

| The investment properties have been valued on an open market basis at 31 December 2025 by the directors in consultation with their professional advisers.

| If the investment properties were sold at their current valuation, corporation tax of £31,564 (2024: £30,299) would be payable. A deferred tax provision for that amount has been included in the financial statements.

| If investment properties had not been revalued, they would have been included at the following historical cost:

|  | 2025 |  |  | 2024 |  |

| £ |  |  | £ |  |

| Cost |  | 5,297,693 |  |  | 5,310,721 |  |

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 94,637 |  | 97,974 |  |

| Prepayments and accrued income | 145,468 |  | 151,339 |  |

240,105 |  | 249,313 |  |

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 30,474 |  | 15,423 |  |

| Trade creditors | 121,577 |  | 137,754 |  |

| Taxation and social security | 129,147 |  | 106,707 |  |

| Other creditors | 75,304 |  | 85,221 |  |

356,502 |  | 345,105 |  |

10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 49,765 |  | 80,239 |  |

| Amounts owed to group undertakings | 200 |  | 200 |  |

49,965 |  | 80,439 |  |

HMC HOLDINGS LIMITED (REGISTERED NUMBER: SC005669)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

11. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 80,239 |  | 95,662 |  |

| Credit Card | 823 |  | 1,830 |  |

81,062 |  | 97,492 |  |

| Hire purchase contract liabilities are secured over the assets funded. Credit Card liabilities are secured through a bond and floating charge over all the property and assets of the company.

12. | RESERVES

| Capital |  | Fair |

| Retained |  | redemption |  | value |

| earnings |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 January 2025 | 6,563,787 |  | 34,695 |  | 741,510 |  | 7,339,992 |  |

| Profit for the year | 262,645 |  | 262,645 |  |

| Dividends | (214,775 | ) | (214,775 | ) |

| Transfer of unrealised fair value adjustments | 23,238 |  | - |  | (23,238 | ) | - |  |

| At 31 December 2025 | 6,634,895 |  | 34,695 |  | 718,272 |  | 7,387,862 |  |

13. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Neil H. McConnell BAcc CA (Senior Statutory Auditor)

| for and on behalf of Gilmour Hamilton LLP

14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| Prior to the year end, the company supplied a director with building materials at a cost of £4,943. The director reimbursed these costs to the company in February 2026.