REGISTERED NUMBER: SC106903 (Scotland)

Moray Place Limited

Unaudited Financial Statements

for the Year Ended 31 January 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C Stewart

D G Hamlin

SECRETARY:

G M Secretaries Limited

REGISTERED OFFICE:

5 Atholl Crescent

Edinburgh

Midlothian

EH3 8EJ

REGISTERED NUMBER:

SC106903 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

The Royal Bank of Scotland

12 Bridge Street

Musselburgh

EH21 6AH

FIXED ASSETS

Tangible assets

4

7,899

10,434

Investment property

5

2,800,000

2,332,383

2,807,899

2,342,817

CURRENT ASSETS

Debtors

6

378

3,646

Cash at bank and in hand

3,550

18,318

3,928

21,964

CREDITORS

Amounts falling due within one year

7

2,657,153

2,346,280

NET CURRENT LIABILITIES

(2,653,225

)

(2,324,316

)

TOTAL ASSETS LESS CURRENT LIABILITIES

154,674

18,501

PROVISIONS FOR LIABILITIES

11,761

1,982

NET ASSETS

142,913

16,519

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

8

32,180

-

Retained earnings

8

110,731

16,517

SHAREHOLDERS' FUNDS

142,913

16,519

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 21 October 2026 and were signed on its behalf by:

J C Stewart - Director

1.	STATUTORY INFORMATION

Moray Place Limited 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern principal which assumes tat the company will continue to trade in the foreseeable future. The director's going concern assessment includes a period of at lease 12 months from the date of signing these financial statements.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of th revision and future periods where the revising affects both current and future periods.

Turnover

Turnover represents rent received. Rent is recognised in accordance with the terms of lease agreements.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are shown at fair value. Any surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to the fluctuation in the property market is not considered permanent.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year-end is included in the fair value reserve with the relevant change in fair value.

Financial instruments

The company has financial assets and financial liabilities of a kind that qualify only as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

13,212

Additions

134

At 31 January 2026

13,346

DEPRECIATION

At 1 February 2025

2,778

Charge for year

2,669

At 31 January 2026

5,447

NET BOOK VALUE

At 31 January 2026

7,899

At 31 January 2025

10,434

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

2,332,383

Additions

425,535

Revaluations

42,082

At 31 January 2026

2,800,000

NET BOOK VALUE

At 31 January 2026

2,800,000

At 31 January 2025

2,332,383

Fair value at 31 January 2026 is represented by:

£

Valuation in 2026

42,082

Cost

2,757,918

2,800,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

2,757,918

2,318,887

The investment properties are shown at the directors' estimation of open market value as at 31 January 2026. The directors are not professional valuers.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

-

375

Other debtors

378

3,271

378

3,646

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

1,139

9,411

Taxation and social security

34,754

8,686

Other creditors

2,621,260

2,328,183

2,657,153

2,346,280

Included in other creditors is the balances due on the directors' current accounts of £2,603,753 (2025: £2,300,019). These balances are interest-free, unsecured, and repayable on demand.

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 February 2025

16,517

-

16,517

Profit for the year

126,394

126,394

Transfer

(32,180

)

32,180

-

At 31 January 2026

110,731

32,180

142,911

The fair value reserve represents the net revaluation surplus on investment properties that is not readily distributable as realised earnings.