REGISTERED NUMBER: 10507853 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MS2C DEVELOPMENTS LIMITED

Page

Statement of Financial Position

1

to

2

Notes to the Financial Statements

3

to

8

FIXED ASSETS

Intangible assets

4

766

1,531

Tangible assets

5

52,531

895

Investment property

6

3,060,105

2,317,617

3,113,402

2,320,043

CURRENT ASSETS

Debtors

7

4,083

48,994

Cash at bank

12,319

4,641

16,402

53,635

CREDITORS

Amounts falling due within one year

8

(751,170

)

(624,207

)

NET CURRENT LIABILITIES

(734,768

)

(570,572

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,378,634

1,749,471

CREDITORS

Amounts falling due after more than one year

9

(1,455,336

)

(1,011,616

)

PROVISIONS FOR LIABILITIES

(221,055

)

(161,864

)

NET ASSETS

702,243

575,991

CAPITAL AND RESERVES

Called up share capital

100

100

Non- distributable reserve

662,494

484,920

Retained earnings

39,649

90,971

702,243

575,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 21 July 2026 and were signed on its behalf by:

S J Gorman - Director

1.	STATUTORY INFORMATION

Ms2c Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10507853

Registered office:

C/O DPC Accountants

Stone House, Stone Road Business Park

Stone Road

Stoke-on-Trent

Staffordshire

ST4 6SR

The principal activity of the company is that of a property investment and development company.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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

The financial statements are prepared in sterling, which is the functional currency of the entity.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

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.

Investment properties

The open market value of the investment properties has been determined by the directors, based on their experience of the market.

REVENUE RECOGNITION

The company is primarily a property investment company and also trades in the sale of properties. Rental income is recognised in the relevant rental period. Property sales are recognised at sale price on exchange of contracts.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over its estimated useful life of three years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% straight line

Tenant improvements - 20% straight line

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

FINANCIAL INSTRUMENTS

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

2,297

AMORTISATION

At 1 January 2025

766

Charge for year

765

At 31 December 2025

1,531

NET BOOK VALUE

At 31 December 2025

766

At 31 December 2024

1,531

5.	TANGIBLE FIXED ASSETS

Tenant

Computer

improvements

equipment

Totals

£

£

£

COST

At 1 January 2025

-

1,193

1,193

Additions

60,632

4,255

64,887

At 31 December 2025

60,632

5,448

66,080

DEPRECIATION

At 1 January 2025

-

298

298

Charge for year

12,126

1,125

13,251

At 31 December 2025

12,126

1,423

13,549

NET BOOK VALUE

At 31 December 2025

48,506

4,025

52,531

At 31 December 2024

-

895

895

6.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2025

2,317,617

Additions

505,722

Revaluations

236,766

At 31 December 2025

3,060,105

NET BOOK VALUE

At 31 December 2025

3,060,105

At 31 December 2024

2,317,617

The directors consider the investment properties to be stated at fair value as at 31 December 2025.

Cost or valuation at 31 December 2025 is represented by:

£

Valuation in 2022

94,100

Valuation in 2023

197,214

Valuation in 2024

355,246

Valuation in 2025

236,766

Cost

2,176,779

3,060,105

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts due from connected

companies

1,002

46,059

Prepayments

3,081

2,935

4,083

48,994

Amounts owed by connected companies are unsecured, interest free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

645

1,722

Tax

-

36,312

Social security and other taxes

211

-

Other creditors

686,326

517,328

Directors' loan accounts

41,526

61,145

Accruals and deferred income

22,462

7,700

751,170

624,207

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans more 5 years

non-instalments

1,455,336

1,011,616

1,455,336

1,011,616

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 years

non-instalments

1,455,336

1,011,616

1,455,336

1,011,616

The bank loans are secured by fixed charges held over all investment properties.

10.	OTHER FINANCIAL COMMITMENTS

The amount of other commitments, guarantees and contingencies is £78,400 (2024: nil).

11.	EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no significant events up to the date of approval of the financial statements by the Board.