Company No: 03739384 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Mark Mcmullan

SECRETARY

Justine Mcmullan

REGISTERED OFFICE	Highfield Sheldons Lane
	Walgrave
	Northampton
	NN6 9PW
	United Kingdom

COMPANY NUMBER

03739384 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Eagle House
	28 Billing Road
	Northampton
	NN1 5AJ

BANKERS	Barclays Bank Plc
	267 Wellingborough Road
	Northampton
	NN1 5DN

	Note	2026		2025
		£		£
Fixed assets
Investment property	4	3,356,694		3,356,694
Investments	5	100,000		100,000
		3,456,694		3,456,694
Current assets
Debtors	6	531,634		323,585
Cash at bank and in hand		355,321		363,562
		886,955		687,147
Creditors: amounts falling due within one year	7	( 70,643)		( 59,993)
Net current assets		816,312		627,154
Total assets less current liabilities		4,273,006		4,083,848
Provision for liabilities		( 512,322)		( 512,322)
Net assets		3,760,684		3,571,526
Capital and reserves
Called-up share capital		100		100
Other reserves		1,941,099		1,941,099
Profit and loss account		1,819,485		1,630,327
Total shareholders' funds		3,760,684		3,571,526

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of McMullan Management Services Limited (registered number: 03739384) were approved and authorised for issue by the Director on 07 October 2026. They were signed on its behalf by:

Mark Mcmullan Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

McMullan Management Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Highfield Sheldons Lane, Walgrave, Northampton, NN6 9PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

The turnover shown in the profit and loss account represents amounts received in rent during the year.

Taxation

Current tax
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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Investments are initially recorded at cost, subsequently they are valued at impaired cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies above.

3. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	3,356,694
As at 31 March 2026	3,356,694

Valuation

Fixed Assets include investment properties of £3,356,694 which were valued at open-market value for current use at 31 March 2026, by Mr M McMullan, the director of the company.

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2025	100,000		100,000
At 31 March 2026	100,000		100,000
Carrying value at 31 March 2026	100,000		100,000
Carrying value at 31 March 2025	100,000		100,000

6. Debtors

	2026		2025
	£		£
Prepayments	1,634		1,141
Other debtors	530,000		322,444
	531,634		323,585

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Amounts owed to director	20,598		10,962
Accruals	2,483		2,881
Taxation and social security	47,562		46,150
	70,643		59,993