M&C W Properties Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC656916

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	5		1,453,121		1,453,121

			1,453,121		1,453,121
CURRENT ASSETS
Debtors	6	49,135		72,427
Cash at bank and in hand		222,651		432,680

		271,786		505,107
Creditors: Amounts Falling Due Within One Year	7	(1,575,356 )		(1,614,502 )

NET CURRENT ASSETS (LIABILITIES)			(1,303,570 )		(1,109,395 )

TOTAL ASSETS LESS CURRENT LIABILITIES			149,551		343,726

NET ASSETS			149,551		343,726

CAPITAL AND RESERVES
Called up share capital	8		50		50
Profit and Loss Account			149,501		343,676

SHAREHOLDERS' FUNDS			149,551		343,726

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M&C W Properties Ltd.

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Martin Wishart Director	Mrs Cecile Wishart Director
23/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

M&C W Properties Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC656916 . The registered office is 14 Rutland Square, Edinburgh, EH1 2BD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of rent received or receivable. Turnover is attributable to the company's principal activity of rental of investment property.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are initially measured at cost. Cost includes the original purchase price and costs directly attributable to bringing the asset to its present location and into its present condition. After initial recognition, the assets are measured at cost less any accumulated depreciation and any accumulated impairment losses. Freehold properties are subsequently measured at their revalued amount, being the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided by equal instalments at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Depreciation and impairment losses are charged to the Statement of Comprehensive Income within administrative expenses.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Fixtures & Fittings

25% on cost

2.4. Investment Properties

Investment properties are properties held to earn rentals and/or for capital appreciation.

Investment properties are initially measured at cost, including transaction costs. Subsequently, investment

properties whose fair value can be measured reliably without undue cost or effort, on an on-going basis, are

measured at fair value. Gains and losses arising from changes in the fair value of investment properties are

included in the Statement of Comprehensive Income in the period in which they arise.

Investment properties whose fair value cannot be measured reliably without undue cost or effort, on an on-going

basis, are included in plant, property and equipment at cost less accumulated depreciation and accumulated

impairment losses.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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M&C W Properties Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 July 2025	411,469

As at 30 June 2026	411,469

Depreciation
As at 1 July 2025	411,469

As at 30 June 2026	411,469

Net Book Value
As at 30 June 2026	-

As at 1 July 2025	-

5. Investment Property

	2026
	£
Fair Value
As at 1 July 2025 and 30 June 2026	1,453,121

Investment property is being carried at fair value and the directors are of the opinion that cost repesents a fair

value of the property.

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	5,833	-
Prepayments and accrued income	12,143	11,902
Other debtors	-	700
Corporation tax recoverable assets	31,159	-
Directors' loan accounts	-	59,825

	49,135	72,427

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M&C W Properties Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Corporation tax	-	38,977
Other creditors	-	6,400
Accruals and deferred income	61,716	55,660
Directors' loan accounts	213	38
Amounts owed to other participating interests	1,513,427	1,513,427

	1,575,356	1,614,502

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	50	50

9. Directors Advances, Credits and Guarantees

Dividends paid to directors to the directors were £40,000 ( 2025: £155,000).

10. Related Party Transactions

At the year end the company owed Martin Wishart Ltd, the parent company, £1,513,427 (2025: £1,513,427). The

loan is interest free with no set repayment terms.

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