ACCOUNTS - Final Accounts preparation

Registered number: SC717893

MIDDLETON OF MUGDOCK LIMITED

UNAUDITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

MIDDLETON OF MUGDOCK LIMITED

CONTENTS

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 6

MIDDLETON OF MUGDOCK LIMITED

REGISTERED NUMBER: SC717893

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		1,007,150		959,055
			1,007,150		959,055
Current assets
Debtors	5	1,744		-
Cash at bank and in hand		42,553		38,702
		44,297		38,702
Creditors: amounts falling due within one year		(1,011,861)		(937,044)
Net current liabilities			(967,564)		(898,342)
Total assets less current liabilities			39,586		60,713

Net assets			39,586		60,713

Capital and reserves
Called up share capital	6	1,000	1,000
Profit and loss reserves		38,586	59,713
		39,586	60,713

Page 1

MIDDLETON OF MUGDOCK LIMITED

REGISTERED NUMBER: SC717893

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

P Vardy

Director

Date: 16 September 2026

Page 2

MIDDLETON OF MUGDOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Middleton of Mugdock Limited is a private company limited by shares incorporated in Scotland. The registered office is Pioneer House, Renshaw Place, Holytown, Motherwell, ML1 4UF.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

2.2

Fixed asset investments

Listed investments are stated at market value, with changes in market value being credited or charged to the profit and loss statement. Unlisted investments are stated at cost, less any provision for any diminution in value where market value is lower than cost.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Debtors with no stated interest rate or receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Creditors
Creditors with no stated interest rate and payable within one year are recorded at transaction price.

Page 3

MIDDLETON OF MUGDOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.6

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Employees

The average monthly number of employees, including directors, during the year was 0 (2024 - 0).

Page 4

MIDDLETON OF MUGDOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	At 1 January 2025	959,055
	Additions	48,095
	At 31 December 2025	1,007,150

	Net book value
	At 31 December 2025	1,007,150
	At 31 December 2024	959,055

Debtors

					2025	2024
					£	£


Other debtors	1,744	-
	1,744	-

6.	Share capital
		2025	2024
		£	£

Authorised, allotted, called up and fully paid

750 (2024 - 750) A Ordinary shares of £1.00 each	750	750
150 (2024 - 150) B Ordinary shares of £1.00 each	150	150
25 (2024 - 25) C Ordinary shares of £1.00 each	25	25
25 (2024 - 25) D Ordinary shares of £1.00 each	25	25
25 (2024 - 25) E Ordinary shares of £1.00 each	25	25
25 (2024 - 25) F Ordinary shares of £1.00 each	25	25

	1,000	1,000

Page 5

MIDDLETON OF MUGDOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	Related party transactions

The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

Page 6