Company registration number 08302407 (England and Wales)
MANCHESTER & EDINBURGH PROPERTY INVESTMENT CO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
MANCHESTER & EDINBURGH PROPERTY INVESTMENT CO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
MANCHESTER & EDINBURGH PROPERTY INVESTMENT CO LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
26,784
35,712
Investment property
5
2,422,670
2,422,670
2,449,454
2,458,382
Current assets
Debtors
6
427,849
447,133
Cash at bank and in hand
673,919
185,042
1,101,768
632,175
Creditors: amounts falling due within one year
7
(3,380,789)
(3,045,386)
Net current liabilities
(2,279,021)
(2,413,211)
Net assets
170,433
45,171
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
170,333
45,071
Total equity
170,433
45,171

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

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 June 2026 and are signed on its behalf by:
Mr J S Lodge
Director
Company registration number 08302407 (England and Wales)
MANCHESTER & EDINBURGH PROPERTY INVESTMENT CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Company information

Manchester & Edinburgh Property Investment Co Limited is a private company limited by shares incorporated in England and Wales. The registered office is Market House, 10 Market Walk, Saffron Walden, Essex, CB10 1JZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the rental income receivable in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% per annum reducing balance
Motor vehicles
25% per annum reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

MANCHESTER & EDINBURGH PROPERTY INVESTMENT CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. The company has no bank loans or other more complex financial instruments that require measurement at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

MANCHESTER & EDINBURGH PROPERTY INVESTMENT CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
4
Tangible fixed assets
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
Cost
At 1 December 2024 and 30 November 2025
5,245
53,400
58,645
Depreciation and impairment
At 1 December 2024
4,577
18,356
22,933
Depreciation charged in the year
167
8,761
8,928
At 30 November 2025
4,744
27,117
31,861
Carrying amount
At 30 November 2025
501
26,283
26,784
At 30 November 2024
668
35,044
35,712
5
Investment property
2025
£
Fair value
At 1 December 2024 and 30 November 2025
2,422,670

The value of the commercial property owned by the company has been considered by the directors and having considered the local property market and current rental income being achieved, they believe that at 30 November 2025, the fair vale of the company's investment property was £2,422,670. This is similar to the value reported previously and therefore no revaluation has been processed in the year.

MANCHESTER & EDINBURGH PROPERTY INVESTMENT CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
5
Investment property
(Continued)
- 5 -
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
2,183,370
2,183,370
Accumulated depreciation
(111,144)
(89,310)
Carrying amount
2,072,226
2,094,060
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
25,372
34,591
Other debtors
255,106
255,113
280,478
289,704
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
147,371
157,429
Total debtors
427,849
447,133
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
337
-
0
Taxation and social security
9,161
12,339
Other creditors
3,371,291
3,033,047
3,380,789
3,045,386
MANCHESTER & EDINBURGH PROPERTY INVESTMENT CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Amounts owed to Related parties.

During the year, Mr J Lodge and Mrs P Lodge, directors of the company, continued to provide a loan to the company. The balance owed to Mr & Mrs Lodge as at 30 November 2025 was £3,271,075 (2024: £2,938,418). This loan has no fixed repayment terms and is repayable on demand.

Amounts owed from Related parties.

Throughout the year, the company continued to provide an interest-free loan to a connected company, London Provincial Property Developments Limited. As at the year end, the company was owed £154,279 (2024: £154,279). This loan has no fixed repayment terms and is repayable on demand.

During the year, the company also continued to provide an interest free loan to Featherfoot Charles House Limited, a company in which Mr J Lodge is a director. This loan has no fixed repayment terms and is repayable on demand and a balance of £93,623 (2024: £93,623) was outstanding as at 30 November 2025.

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