REGISTERED NUMBER: SC005669 (Scotland)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

HMC HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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

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.

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 ) .

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

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

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.