1 March 2025 false No description of principal activity Taxfiler 2024.6 SC557233business:PrivateLimitedCompanyLtd2025-03-012026-02-28 SC5572332025-02-28 SC5572332025-03-012026-02-28 SC557233business:AuditExempt-NoAccountantsReport2025-03-012026-02-28 SC557233business:FilletedAccounts2025-03-012026-02-28 SC5572332026-02-28 SC5572332025-02-28 SC557233core:WithinOneYear2026-02-28 SC557233core:WithinOneYear2025-02-28 SC557233core:AfterOneYear2026-02-28 SC557233core:AfterOneYear2025-02-28 SC557233core:ShareCapitalcore:PreviouslyStatedAmount2026-02-28 SC557233core:ShareCapitalcore:PreviouslyStatedAmount2025-02-28 SC557233core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2026-02-28 SC557233core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-28 SC557233core:PreviouslyStatedAmount2026-02-28 SC557233core:PreviouslyStatedAmount2025-02-28 SC557233business:SmallEntities2025-03-012026-02-28 SC557233business:Director22025-03-012026-02-28 SC557233countries:Scotland2025-03-012026-02-28 SC557233business:RegisteredOffice2025-03-012026-02-28 SC557233core:PlantMachinery2025-03-012026-02-28 SC557233core:LandBuildings2025-02-28 SC557233core:PlantMachinery2025-02-28 SC557233core:LandBuildings2026-02-28 SC557233core:PlantMachinery2026-02-28 SC557233core:LandBuildings2025-03-012026-02-28 SC5572332024-03-012025-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC557233 (Scotland)
Merryhome Properties Ltd Unaudited accounts for the year ended 28 February 2026
Merryhome Properties Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Merryhome Properties Ltd Statement of financial position as at 28 February 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
740,741 
740,987 
Current assets
Cash at bank and in hand
2,052 
6,628 
Creditors: amounts falling due within one year
6
(2,238)
(2,987)
Net current (liabilities)/assets
(186)
3,641 
Total assets less current liabilities
740,555 
744,628 
Creditors: amounts falling due after more than one year
7
(655,949)
(663,169)
Net assets
84,606 
81,459 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
84,604 
81,457 
Shareholders' funds
84,606 
81,459 
For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2026 and were signed on its behalf by
Mahadevan Jagathesan Swaminathan Director Company Registration No. SC557233
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Merryhome Properties Ltd Notes to the Accounts for the year ended 28 February 2026
1
Statutory information
Merryhome Properties Ltd is a private company, limited by shares, registered in Scotland, registration number SC557233. The registered office is 44 Weavers Knowe Crescent, Currie, Midlothian, EH14 5PR, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 28 February 2026 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2024. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight-line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2025
740,251 
982 
741,233 
At 28 February 2026
740,251 
982 
741,233 
Depreciation
At 1 March 2025
- 
246 
246 
Charge for the year
- 
246 
246 
At 28 February 2026
- 
492 
492 
Net book value
At 28 February 2026
740,251 
490 
740,741 
At 28 February 2025
740,251 
736 
740,987 
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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Merryhome Properties Ltd Notes to the Accounts for the year ended 28 February 2026
6
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
Taxes and social security
738 
2,487 
Loans from directors
1,100 
100 
Accruals
400 
400 
2,238 
2,987 
7
Creditors: amounts falling due after more than one year
2026 
2025 
£ 
£ 
Bank loans
397,429 
416,216 
Trade creditors
3,750 
2,073 
Other creditors
254,770 
244,880 
655,949 
663,169 
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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