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REGISTERED NUMBER: 00296782 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Lochluichart Estate Company Limited

Lochluichart Estate Company Limited (Registered number: 00296782)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Lochluichart Estate Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R G Beckett
I H Leslie Melville
J Leslie Melville
P James
T M Thomas Nelson





SECRETARY: J Shackleton





REGISTERED OFFICE: 4 Felstead Gardens
Ferry Street
London
E14 3BS





REGISTERED NUMBER: 00296782 (England and Wales)





ACCOUNTANTS: Highland Accountancy Practice
Chartered Accountants
Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA

Lochluichart Estate Company Limited (Registered number: 00296782)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 150,000 150,000
Tangible assets 5 1,159,125 1,107,654
Investment property 6 932,980 1,119,576
2,242,105 2,377,230

CURRENT ASSETS
Stocks 18,280 30,554
Debtors 128,592 200,296
Cash at bank and in hand 454,647 581,388
601,519 812,238
CREDITORS
Amounts falling due within one year 585,394 710,025
NET CURRENT ASSETS 16,125 102,213
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,258,230

2,479,443

PROVISIONS FOR LIABILITIES - 28,978
NET ASSETS 2,258,230 2,450,465

CAPITAL AND RESERVES
Called up share capital 26,000 26,000
Capital Reserve 138,212 138,212
Other Reserves 932,980 1,119,576
Retained earnings 1,161,038 1,166,677
SHAREHOLDERS' FUNDS 2,258,230 2,450,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Lochluichart Estate Company Limited (Registered number: 00296782)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 September 2024 and were signed on its behalf by:





I H Leslie Melville - Director


Lochluichart Estate Company Limited (Registered number: 00296782)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lochluichart Estate Company Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Fishing rights
The directors consider there to be no requirement to amortise the fishing rights as the rights to fish are not depleted in any way over time.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold Land - not provided
Buildings & Improvements - 2% on cost
Plant and Machinery - 15% on reducing balance
Fixtures and Fittings - 15% on reducing balance
Vehicles and Tractors - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

Investment property
This represents the net present value of a lease given to a wind farm. It was independently valued and is annually impaired to write the value off over the remaining life of the lease. Such impairments and other changes to fair value are reflected in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

Lochluichart Estate Company Limited (Registered number: 00296782)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 150,000
NET BOOK VALUE

At 31 March 2024 150,000
At 31 March 2023 150,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 1,312,368
Additions 134,781
Disposals (21,050 )
At 31 March 2024 1,426,099
DEPRECIATION
At 1 April 2023 204,714
Charge for year 72,226
Eliminated on disposal (9,966 )
At 31 March 2024 266,974
NET BOOK VALUE
At 31 March 2024 1,159,125
At 31 March 2023 1,107,654

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,119,576
Impairments (186,596 )
At 31 March 2024 932,980
NET BOOK VALUE
At 31 March 2024 932,980
At 31 March 2023 1,119,576

Lochluichart Estate Company Limited (Registered number: 00296782)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J Leslie Melville
Balance outstanding at start of year (440,783 ) (440,783 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (440,783 ) (440,783 )

I H Leslie Melville
Balance outstanding at start of year (168,527 ) (117,592 )
Amounts advanced 268,578 85,428
Amounts repaid (120,621 ) (136,363 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,570 ) (168,527 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is J I Leslie Melville.