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Registered number: 04869007 MC295 LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
MC295 LIMITED REGISTERED NUMBER: 04869007 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 7 |  | 6,000,000 |  | 6,000,000
|  |  | 6,000,000 |  | 6,000,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 8 | 64,987 |  | 143,857 |
Cash at bank and in hand |  | 214,794 |  | 580,066 |
|  | 279,781 |  | 723,923 |
Creditors: amounts falling due within one year | 9 | (1,960,808) |  | (1,874,486) |
Net current liabilities |  |  | (1,681,027) |  | (1,150,563)
Total assets less current liabilities |  |  | 4,318,973 |  | 4,849,437
Net assets |  |  | 4,318,973 |  | 4,849,437
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 150 |  | 150
Retained earnings non-distributable fair value reserves |  |  | 1,814,267 |  | 1,814,267
Retained earnings |  |  | 2,504,556 |  | 3,035,020
|  |  | 4,318,973 |  | 4,849,437
Page 1
MC295 LIMITED REGISTERED NUMBER: 04869007 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
A Allaway
Director
Date: 20 July 2026
The notes on pages 3 to 8 form part of these financial statements. Page 2
MC295 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
MC 295 Limited is a private company, limited by shares, registered in England and Wales.
| Registered number | 04869007
| Registered office address | The Warehouse Wyndham Arcade, St Mary Street, Cardiff, Wales, CF10 1FH
The presentation currency of the financial statements is Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
| 2.3 | Going concern
In preparing the financial statements, the directors have considered the current financial position of the company and likely future cashflows. The company has reported a profit in the current financial year and has net assets at the statement of financial position date. However the company has net current liabilities at the balance sheet date and is dependent on the continuing support of its related parties. The directors consider that this support will continue for the foreseeable future. The directors believe that the company is well placed to manage its business risks successfully, despite the uncertain economic outlook. The directors have assessed the risks facing the business from the current economic uncertainty and implemented measures to address these risks. Although the situation remains uncertain, in the opinion of the directors the challenges presented by the will not adversely affect the ability of the company to continue trading for the foreseeable future. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. Page 3
MC295 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Turnover and revenue recognition
Turnover represents net invoiced property rental income and insurance income, excluding value added tax. Rental income is invoiced on a quarterly basis in advance and is recognised evenly over the period to which it relates. Insurances are invoiced on an annual basis in advance and are recognised evenly over the period to which they relate.
| 2.5 | Tangible fixed assets
The company's freehold land and buildings are treated as an investment property, as defined by the Financial Reporting Standard 102 Section 1A "Small Entities" accordingly, they are not depreciated. Investment properties for which fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value annually, with the change recognised in the income statement. Surpluses or deficits on revaluation are then transferred from Retained Earnings to a separate non-distributable fair value reserve.
| 2.6 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence. Page 4
MC295 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
4. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Related party interest | 98,866 | 132,738
| HMRC late corporation tax paid | 85 | 226
|  | 98,951 | 132,964
5. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 56,513 | 81,386
| Total current tax | 56,513 | 81,386
6. | Exceptional items
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Distribution of agreed share of profit to Devestates Limited | 700,000 | -
|  | 700,000 | -
Page 5
MC295 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Investment property
|  | Investment property
|  | £
| Valuation |
| At 1 January 2025 | 6,000,000
| At 31 December 2025 | 6,000,000
The historical cost of the tangible fixed assets is £4,185,733 (2024 - £4,185,733). The company's freehold property is treated as investment property under FRS 102, Section 1A. The 2025 valuations were made by Mr T C C Griffith, on an open market value basis.
| Cost or valuation of investment property at the balance sheet date is represented by:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Revaluation reserves |  |
| At 1 January 2025 | 4,185,733 | 4,185,733
| Net surplus/(deficit) in movement properties | 1,814,267 | 1,814,267
| At 31 December 2025 | 6,000,000 | 6,000,000
Page 6
MC295 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
8. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | - | 78,405
| Prepayments and accrued income | 64,987 | 65,452
|  | 64,987 | 143,857
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to parent company | 1,745,072 | 1,630,274
| Corporation tax | 14,389 | 42,282
| Other taxation and social security | 35,199 | 35,168
| Accruals and deferred income | 166,148 | 166,762
|  | 1,960,808 | 1,874,486
10. | Secured debts
| The following secured debts are included within creditors:
|  | 2025 | 2024
|  | £ | £
| Amounts owed to parent company | 1,589,235 | 1,630,274
|  | 1,589,235 | 1,630,274
| The balance is secured and interest is charged at 1% (2.6% to 31/3/25) plus SONIA rate per annum.
11. | Reserves
Retained earnings - non-distributable reserves relate to revaluation gains on the company's investment property of £1,814,267 (2024 - £1,814,267). Page 7
MC295 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
12. | Ultimate controlling party
The immediate parent company is G Securities Limited. G Securities Limited is a wholly owned subsidiary of G Capital Limited. The ultimate controlling parties are Mr A Allaway and Geldards Trust Corporation Ltd, as the controlling parties of G Capital Limited.
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