REGISTERED NUMBER: SC582033 (Scotland)

Unaudited Financial Statements For The Year Ended 30 November 2025

for

MAK PROPERTY (SCOTLAND) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Akbar

REGISTERED OFFICE:

24 Fourth Avenue

Millerston

Glasgow

REGISTERED NUMBER:

SC582033 (Scotland)

ACCOUNTANTS:

Ahmad & Nabi Mcmullan

95-107 Lancefield Street

Glasgow

Lanarkshire

G3 8HZ

FIXED ASSETS

Tangible assets

4

867,288

870,360

CURRENT ASSETS

Cash at bank

2,176

932

CREDITORS

Amounts falling due within one year

5

66,063

77,379

NET CURRENT LIABILITIES

(63,887

)

(76,447

)

TOTAL ASSETS LESS CURRENT LIABILITIES

803,401

793,913

CREDITORS

Amounts falling due after more than one year

6

493,010

494,763

NET ASSETS

310,391

299,150

CAPITAL AND RESERVES

Called up share capital

7

100

100

Revaluation reserve

8

330,382

330,382

Retained earnings

8

(20,091

)

(31,332

)

SHAREHOLDERS' FUNDS

310,391

299,150

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 23 August 2026 and were signed by:

M Akbar - Director

1.	STATUTORY INFORMATION

MAK PROPERTY (SCOTLAND) LTD 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Motor vehicles

-

20% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

property

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 December 2024

and 30 November 2025

855,000

30,000

885,000

DEPRECIATION

At 1 December 2024

-

14,640

14,640

Charge for year

-

3,072

3,072

At 30 November 2025

-

17,712

17,712

NET BOOK VALUE

At 30 November 2025

855,000

12,288

867,288

At 30 November 2024

855,000

15,360

870,360

Cost or valuation at 30 November 2025 is represented by:

Freehold

Motor

property

vehicles

Totals

£

£

£

Valuation in 2025

855,000

30,000

885,000

Professional valuations were conducted in 2022 valuing properties at £855,000.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

3,690

5,375

Directors' current accounts

61,743

70,492

Accrued expenses

630

1,512

66,063

77,379

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loan

312,808

315,039

Other loans more 5yrs non-inst

180,202

179,724

493,010

494,763

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

180,202

179,724

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

100

Ordinary

£1.00

100

100

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 December 2024

(31,332

)

330,382

299,050

Profit for the year

11,241

11,241

At 30 November 2025

(20,091

)

330,382

310,291