2022-10-012024-01-312024-01-31falseSC349253LOMOND LAND 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LOMOND LAND LTD.

Registered Number
SC349253
(Scotland)

Unaudited Financial Statements for the Period ended
31 January 2024

LOMOND LAND LTD.
Company Information
for the period from 1 October 2022 to 31 January 2024

Director

Phillip Marshall Andrew Ritchie

Registered Address

Unit 5, Lomond Business Park
Baltimore Road
Glenrothes
KY6 2PJ

Registered Number

SC349253 (Scotland)
LOMOND LAND LTD.
Balance Sheet as at
31 January 2024

Notes

31 Jan 2024

30 Sep 2022

£

£

£

£

Current assets
Stocks-329,162
Debtors317,16026,160
Cash at bank and on hand1,9405,039
19,100360,361
Creditors amounts falling due within one year4(354,274)(355,260)
Net current assets (liabilities)(335,174)5,101
Total assets less current liabilities(335,174)5,101
Creditors amounts falling due after one year5(14,381)(26,607)
Net assets(349,555)(21,506)
Capital and reserves
Called up share capital100100
Profit and loss account(349,655)(21,606)
Shareholders' funds(349,555)(21,506)
The financial statements were approved and authorised for issue by the Director on 26 September 2024, and are signed on its behalf by:
Phillip Marshall Andrew Ritchie
Director
Registered Company No. SC349253
LOMOND LAND LTD.
Notes to the Financial Statements
for the period ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net liability position of the company. The company is reliant upon the continued support of the director who has confirmed that they will continue to support the company as required.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Stocks and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
2.Average number of employees

20242022
Average number of employees during the year11
3.Debtors: amounts due within one year

2024

2022

££
Other debtors17,16026,160
Total17,16026,160
4.Creditors: amounts due within one year

2024

2022

££
Trade creditors / trade payables10,00010,000
Bank borrowings and overdrafts9,66310,648
Other creditors319,573319,573
Accrued liabilities and deferred income15,03815,039
Total354,274355,260
5.Creditors: amounts due after one year

2024

2022

££
Bank borrowings and overdrafts14,38126,607
Total14,38126,607