REGISTERED NUMBER: SC685728 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

MAINS OF DYCE PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D K Hutchison

S Hutchison

REGISTERED OFFICE:

1st Floor, 5 Abercrombie Court

Prospect Road

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6FE

REGISTERED NUMBER:

SC685728 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Court

Prospect Road

Westhill

Aberdeenshire

AB32 6FE

FIXED ASSETS

Tangible assets

4

180,478

180,478

CURRENT ASSETS

Cash at bank

605

204

CREDITORS

Amounts falling due within one year

5

91,922

89,453

NET CURRENT LIABILITIES

(91,317

)

(89,249

)

TOTAL ASSETS LESS CURRENT LIABILITIES

89,161

91,229

CREDITORS

Amounts falling due after more than one year

6

98,600

102,553

NET LIABILITIES

(9,439

)

(11,324

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(9,539

)

(11,424

)

SHAREHOLDERS' FUNDS

(9,439

)

(11,324

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

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 20 October 2026 and were signed on its behalf by:

Mrs D K Hutchison - Director

1.	STATUTORY INFORMATION

Mains of Dyce Property 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.

Tangible fixed assets

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

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 NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 February 2025

and 31 January 2026

180,478

NET BOOK VALUE

At 31 January 2026

180,478

At 31 January 2025

180,478

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts (see note 7)

3,952

3,611

Trade creditors

-

94

Tax

507

317

Other creditors

566

566

Directors' current accounts

85,703

83,725

Accrued expenses

1,194

1,140

91,922

89,453

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans (see note 7)

98,600

102,553

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

81,579

86,334

7.

LOANS

An analysis of the maturity of loans is given below:

31.1.26

31.1.25

£

£

Amounts falling due within one year or on demand:

Bank loans

3,952

3,611

Amounts falling due between one and two years:

Bank loans - 1-2 years

3,966

3,780

31.1.26

31.1.25

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

13,055

12,439

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

81,579

86,334

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

102,552

106,164

A Floating Charge was created on 21st May 2021 in favour of The Mortgage Works (UK) PLC against property 39 Tornashean Gardens, Dyce, Aberdeen.

A Floating Charge was created on 13th July 2022 in favour of The Mortgage Works (UK) PLC against 31 Wagley Place, Bucksburn, Aberdeen.

A Floating Charge was created on 11th December 2023 in favour of The Mortgage Works (UK) PLC covering all and whole of the dwellinghouse 16 Stronsay Crescent, Aberdeen.

A Floating Charge was created on 12th January 2024 in favour of the Mortgage Works (UK) PLC against 16 Stronsay Crescent, Aberdeen.