MVEC Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC723371

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		110,000		110,000

			110,000		110,000
CURRENT ASSETS
Debtors	5	675		645
Cash at bank and in hand		770		4,759

		1,445		5,404
Creditors: Amounts Falling Due Within One Year	6	(35,493 )		(35,146 )

NET CURRENT ASSETS (LIABILITIES)			(34,048 )		(29,742 )

TOTAL ASSETS LESS CURRENT LIABILITIES			75,952		80,258

Creditors: Amounts Falling Due After More Than One Year	7		(70,917 )		(75,183 )

NET ASSETS			5,035		5,075

CAPITAL AND RESERVES
Called up share capital	8		2		1
Profit and Loss Account			5,033		5,074

SHAREHOLDERS' FUNDS			5,035		5,075

Page 1

Page 2

MVEC Ltd

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mark Davidson

Director

7 July 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

MVEC Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC723371 . The registered office is 8 Delgaty Terrace, Turriff, Aberdeenshire, AB53 4GA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, and represents the rental income receivable in the period.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Investment Property

	2026
	£
Fair Value
As at 1 March 2025 and 28 February 2026	110,000

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	675	645

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	81	77
Accruals and deferred income	1,260	1,036
Directors' loan accounts	34,152	34,033

	35,493	35,146

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Other loans	70,917	75,183

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MVEC Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	1