MH Executive Limited 31/07/2025 iXBRL

Company registration number: SC362867

MH Executive Limited

Unaudited filleted financial statements

31 July 2025

MH Executive Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

MH Executive Limited

Directors and other information


	Director	Stephen David Rose


	Company number	SC362867


	Registered office	93-101 Gorgie Road
		Edinburgh
		EH11 1TE


	Accountants	PMB Taxation Services
		6b Hunter Street
		The Village
		East Kilbride
		G74 4LZ

MH Executive Limited

Accountants report to the director on the preparation of the

unaudited statutory financial statements of MH Executive Limited

Year ended 31 July 2025

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 July 2025 which comprise the statement of financial position and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

PMB Taxation Services

6b Hunter Street

The Village

East Kilbride

G74 4LZ

31 July 2026

MH Executive Limited

Statement of financial position

31 July 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	2,397,030		2,139,459
		_______		_______
			2,397,030		2,139,459

Current assets
Debtors	6	291,777		291,789
Cash at bank and in hand		25,879		18,383
		_______		_______
		317,656		310,172
Creditors: amounts falling due
within one year	7	( 2,870,837)		( 1,831,940)
		_______		_______
Net current liabilities			( 2,553,181)		( 1,521,768)
			_______		_______
Total assets less current liabilities			( 156,151)		617,691

Creditors: amounts falling due
after more than one year	8		( 1,043,427)		( 1,395,333)
			_______		_______
Net liabilities			( 1,199,578)		( 777,642)
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			( 1,199,580)		( 777,644)
			_______		_______
Shareholders deficit			( 1,199,578)		( 777,642)
			_______		_______

For the year ending 31 July 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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

These financial statements were approved by the board of directors and authorised for issue on 31 July 2026 , and are signed on behalf of the board by:

Stephen David Rose

Director

Company registration number: SC362867

MH Executive Limited

Notes to the financial statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 93-101 Gorgie Road, Edinburgh, EH11 1TE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are 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. 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, except to the extent 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 in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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


Fittings fixtures and equipment	-	No Charge
Motor vehicles	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 August 2024	4,920	3,630,322	3,635,242
Additions	-	1,110,694	1,110,694
Disposals	-	( 461,934)	( 461,934)
	_______	_______	_______
At 31 July 2025	4,920	4,279,082	4,284,002
	_______	_______	_______
Depreciation
At 1 August 2024	-	1,495,783	1,495,783
Charge for the year	-	596,858	596,858
Disposals	-	( 205,669)	( 205,669)
	_______	_______	_______
At 31 July 2025	-	1,886,972	1,886,972
	_______	_______	_______
Carrying amount
At 31 July 2025	4,920	2,392,110	2,397,030
	_______	_______	_______
At 31 July 2024	4,920	2,134,539	2,139,459
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	10,653	36,130
Other debtors	281,124	255,659
	_______	_______
	291,777	291,789
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	157,933	73,885
Corporation tax	98,695	98,695
Social security and other taxes	56,679	25,633
Other creditors	2,557,530	1,633,727
	_______	_______
	2,870,837	1,831,940
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	1,043,427	1,395,333
	_______	_______

9. Related party transactions

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

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Seven Sevens Car Ltd	261,138	-	( 1,697,306)	( 1,436,168)
SDR Property Company Ltd	-	-	( 24,000)	( 24,000)
Stephen Rose RHC Ltd	-	-	( 35,000)	( 35,000)
Sebaulam Private Hire Ltd	-	-	( 25,000)	( 25,000)
Tynecastle Garage Ltd	1,000	-	165,225	164,225
Premier Vehicle Management Services Ltd	-	-	24,859	24,859
1316 Edinburgh Taxi Ltd	12,000	-	12,000	-
Rio Cho Ltd	7,621	-	7,621	-
Yearsettle Ltd	11,570	-	11,570	-
TBC Edinburgh Ltd	12,000	-	12,000	-
	_______	_______	_______	_______