REGISTERED NUMBER: SC180770 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

MPA Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr F F McLennan

REGISTERED OFFICE:

79 Forest Avenue

Aberdeen

Aberdeenshire

AB15 4TN

REGISTERED NUMBER:

SC180770 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

265,000

285,000

265,000

285,000

CURRENT ASSETS

Debtors

6

110

625

Cash at bank

309

140

419

765

CREDITORS

Amounts falling due within one year

7

60,462

40,437

NET CURRENT LIABILITIES

(60,043

)

(39,672

)

TOTAL ASSETS LESS CURRENT LIABILITIES

204,957

245,328

CREDITORS

Amounts falling due after more than one year

8

236,583

248,001

NET LIABILITIES

(31,626

)

(2,673

)

CAPITAL AND RESERVES

Called up share capital

63

63

Other reserve

10

8,340

28,340

Capital redemption reserve

37

37

Retained earnings

(40,066

)

(31,113

)

(31,626

)

(2,673

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 August 2026 and were signed by:

Mr F F McLennan - Director

1.	STATUTORY INFORMATION

MPA Properties Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

At 30 November 2025 the company's liabilities exceeded its total assets. The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is based upon the continued support of the director and shareholders.

Turnover

Turnover represents rental income due and collected from property tenants. Income is recognised when the company becomes legally entitled to receive it and when its value can be ascertained with a sufficient degree of certainty. The company is not registered for VAT.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

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.

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 balance sheet date.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2024

and 30 November 2025

12,811

DEPRECIATION

At 1 December 2024

and 30 November 2025

12,811

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

285,000

Revaluations

(20,000

)

At 30 November 2025

265,000

NET BOOK VALUE

At 30 November 2025

265,000

At 30 November 2024

285,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2017

58,340

Valuation in 2022

(30,000

)

Valuation in 2025

(20,000

)

Cost

256,660

265,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Other debtors

110

625

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

-

1,290

Other creditors

60,462

39,147

60,462

40,437

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

236,583

248,001

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

236,583

248,001

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loans

236,583

248,001

A standard security is held by Mortgage Trust Limited against the properties which the company holds as investments.

10.

RESERVES

Other

reserve

£

At 1 December 2024

28,340

Transfer

(20,000

)

At 30 November 2025

8,340

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr F F McLennan.