MCEWAN_PROJECT_MANAGEMENT_LIMITED_31_Oct_2025_companies_house_set_of

Mcewan Project Management Limited

Report to the board of directors on the preparation of the unaudited statutory financial statements of Mcewan Project Management Limited

Year ended

31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements

Mcewan Project Management Limited

for the year ended

31 October 2025

which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of

Mcewan Project Management Limited

, as a body, in accordance with the terms of our engagement letter dated 24 April 2017. Our work has been undertaken solely to prepare for your approval the

financial statements

Mcewan Project Management Limited

and state those matters that we have agreed to state to the Board of Directors of

Mcewan Project Management Limited

, as a body, in this report in accordance with the requirements of the ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than

Mcewan Project Management Limited

and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that

Mcewan Project Management Limited

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and profit of

Mcewan Project Management Limited

. You consider that

Mcewan Project Management Limited

is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mcewan Project Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

R Iain Gardner & Co

Chartered Accountants

2 Bishops Park

Thorntonhall

Glasgow

G74 5AF

United Kingdom

Date:

9 March 2026

Mcewan Project Management Limited

Statement of Financial Position

31 October 2025

		2025		2024
	Note	£		£
Current assets
Debtors	6	4,872		25,762
Cash at bank and in hand		31,145		8,381
		36,017		34,143
Creditors: amounts falling due within one year	7	(29,822	)	(64,864	)
Net current assets/(liabilities)		6,195		(30,721	)
Total assets less current liabilities		6,195		(30,721	)
Capital and reserves
Called up share capital		2		2
Profit and loss account		6,193		(30,723	)
Shareholders funds/(deficit)		6,195		(30,721	)

For the year ending

31 October 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The 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 director acknowledges their responsibilities for complying with the requirements of the Act 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.

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

9 March 2026

, and are signed on behalf of the board by:

James Mcewan

Director

Company registration number:

SC367942

Mcewan Project Management Limited

Notes to the Financial Statements

Year ended

31 October 2025

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is

2 Bishops Park

Thorntonhall

Glasgow

South Lanarkshire

G74 5AF

, Scotland.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment

33% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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 and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

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.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or 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.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

2.00

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 November 2024 and 31 October 2025	1,627
Depreciation
At 1 November 2024 and 31 October 2025	1,627
Carrying amount
At 31 October 2025	-
At 31 October 2024	-

6 Debtors

	2025		2024
	£		£
Trade debtors	4,872		25,762

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Taxation and social security	24,330	15,383
Other creditors	5,492	49,481
	29,822	64,864

8 Director's advances, credit and guarantees

Included within other creditors is £5,208 due to the director (2024: £49,313). During the year, the director received a dividend of £19,250 (2024: £nil).

9 Controlling party

The company was under the control of James McEwan and Nicola McEwan throughout the current year and preceding year by virtue of their combined 100% shareholding.