REGISTERED NUMBER: 15941487 (England and Wales)

Mcat Capital Limited

Abridged Unaudited Financial Statements

for the period

6 September 2024 to 30 September 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr C A Turgut

Mr A Turgut

REGISTERED OFFICE:

239-241 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

15941487 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mcat Capital Limited for the period ended 30 September 2025 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mcat Capital Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mcat Capital Limited and state those matters that we have agreed to state to the Board of Directors of Mcat Capital Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mcat Capital Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mcat Capital 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 loss of Mcat Capital Limited. You consider that Mcat Capital Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Mcat Capital 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.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

4 September 2026

FIXED ASSETS

Property, plant and equipment

4

40,917

Investment property

5

3,351,903

3,392,820

CURRENT ASSETS

Debtors

6

453,639

Cash at bank

3,122

456,761

CREDITORS

Amounts falling due within one year

7

113,430

NET CURRENT ASSETS

343,331

TOTAL ASSETS LESS CURRENT LIABILITIES

3,736,151

CREDITORS

Amounts falling due after more than one year

8

3,861,625

NET LIABILITIES

(125,474

)

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

11

(125,574

)

SHAREHOLDERS' FUNDS

(125,474

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

All the members have consented to the preparation of an abridged Income Statement for the period ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 September 2026 and were signed on its behalf by:

Mr C A Turgut - Director

1.	STATUTORY INFORMATION

Mcat Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

Turnover includes revenue earned from investments in properties.

The company recognises revenue when:

-the amount of revenue can be reliably measured;

-it is probable that future economic benefits will flow to the entity;

-on an accrual basis, based on the tenancy agreement.

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

-

25% on reducing balance

Investment property

Under FRS 102 Section 16, investment property is not depreciated. Instead, it is measured at fair value at each reporting date, with changes in fair value recognized in profit or loss. Any improvement costs are capitalized and included in the fair value measurement, but they are also not depreciated separately.

Going concern

The financial statements have been prepared on a going concern basis. At the period -end the company had negative retained earnings, however the directors have reviewed the financial position and confirm that adequate financial support will continue to be made available to the company for at least twelve months from the date of approval of these financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

Additions

50,360

At 30 September 2025

50,360

DEPRECIATION

Charge for period

9,443

At 30 September 2025

9,443

NET BOOK VALUE

At 30 September 2025

40,917

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

3,351,903

At 30 September 2025

3,351,903

NET BOOK VALUE

At 30 September 2025

3,351,903

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

309

Other debtors

453,330

453,639

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

10,195

Taxation and social security

1,198

Other creditors

102,037

113,430

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

2,351,625

Other creditors

1,510,000

3,861,625

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgages

2,351,625

Loan payable-related party

1,510,000

3,861,625

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Mortgages

2,351,625

The borrowing is secured by fixed charges over the company’s property assets. Personal guarantees have also been provided by the directors.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

11.

RESERVES

Retained

earnings

£

Deficit for the period

(125,574

)

At 30 September 2025

(125,574

)

12.	RELATED PARTY DISCLOSURES

Loan from Related Party / Key Management Personnel

At the balance sheet date, the company owed £44,200 to a related party.The balance represents an interest-free loan, which is repayable on demand and is included within creditors: amounts falling due within one year.

Transactions with Companies Under Common Control

1.At the year end, amounts due from a related party totalled £34. This balance is interest-free and repayable on demand, and is included within debtors: amounts falling due within one year.

2. At the year end, amounts due to related party totalled £2,966 at the year end. This balance is interest-free and repayable on demand, and is included within creditors: amounts falling due within one year.

Loan and Interest Transactions with Overseas Entity Under Common Ownership

The company has a loan arrangement with an overseas entity with which it shares common ownership through a director. At the year end, the amount due to this related party totalled £1,510,000. During the year, the company incurred total interest expense of £54,809.59 in respect of this loan, comprising £5,990 paid during the year and £48,819.59 accrued but unpaid at the year end. The loan is unsecured and bears interest at a rate that, under the loan agreement, must remain within the minimum and maximum interest rates published periodically by the Swiss Federal Tax Authority. The parties are required to adjust the interest rate if it falls outside this range. Management considers this mechanism to be consistent with maintaining the loan on terms broadly comparable to arm's length conditions.