MDDUS PROPERTY LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +29.4%

  £1,198,465 → £1,550,708

• Cash

  +24.3%

  £5,621,401 → £6,985,948

  highest in 4 filed years

• Net assets

  +27.6%

  £26,130,416 → £33,354,183

• Employees

  0%

  4 → 4

• Operating profit

  -70.7%

  £264,953 → £77,666

  first positive since 2020

• Profit before tax

  +104.1%

  -£5,440,568 → £223,767

  first positive since 2023

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis as the directors consider that the company will continue in operation for the foreseeable future. In arriving at this conclusion the directors have given due consideration to the impact of capital projects - the purchase of 206 St Vincent Street in 2024 and planned building works. With the company's strong cash reserves the income and operating cash flows will remain positive and the company will continue to be able to pay its liabilities as they fall due. The company have prepared forecasts until 31 December 2026.”

Significant events

• “The acquisition of 206 St Vincent Street in May 2024, which led to an increase of £327k in rental and service income.”
• “On 28th May 2024 MDDUS Property Limited purchased 206 St Vincent Street, Glasgow. The figure above consists of the purchase price, transaction costs, irrecoverable vat and refurbishment costs. The planning stages of the building works commenced late 2024 for all the vacant floors. The building works are planned to continue until the end of 2025.”
• “The share capital of the company was increased by £7m, through issuance of 35,000,000 shares of £0.20 each for cash at par on 21st May 2024. These funds were used predominantly for purchase of a building at 206 St Vincent Street, Glasgow.”
• “The company committed to expenditure of approximately £109k at 31 December 2024 (2023: £1m) for building works at 206 St Vincent Street.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

3

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.