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REGISTERED NUMBER: SC431761 (Scotland)















Unaudited Financial Statements

for the Period 1 September 2022 to 30 January 2024

for

Lochlane Investments Limited

Lochlane Investments Limited (Registered number: SC431761)






Contents of the Financial Statements
for the Period 1 September 2022 to 30 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Lochlane Investments Limited

Company Information
for the Period 1 September 2022 to 30 January 2024







DIRECTORS: S Timoney
Mrs A Reid-Timoney





REGISTERED OFFICE: Playsport Center
Stewartfield Way
East Kilbride
Glasgow
Lanarkshire
G74 4GT





REGISTERED NUMBER: SC431761 (Scotland)





ACCOUNTANTS: Montroig Consultants Limited
16 Hutchison Drive
Bearsden
Glasgow
Lanarkshire
G61 2LQ

Lochlane Investments Limited (Registered number: SC431761)

Balance Sheet
30 January 2024

30.1.24 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 70,751,215 96,022,610

CURRENT ASSETS
Debtors 5 40,539,233 24,597,981
Cash at bank 1,475,636 109,862
42,014,869 24,707,843
CREDITORS
Amounts falling due within one year 6 14,779,224 21,345,127
NET CURRENT ASSETS 27,235,645 3,362,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,986,860

99,385,326

CAPITAL AND RESERVES
Called up share capital 10,100 10,100
Share premium 58,376,231 58,376,231
Retained earnings 39,600,529 40,998,995
97,986,860 99,385,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 January 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.

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 28 October 2024 and were signed on its behalf by:





S Timoney - Director


Lochlane Investments Limited (Registered number: SC431761)

Notes to the Financial Statements
for the Period 1 September 2022 to 30 January 2024

1. STATUTORY INFORMATION

Lochlane Investments 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.

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

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Taxation for the period 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 period 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.

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 period was 10 (2022 - 8 ) .

Lochlane Investments Limited (Registered number: SC431761)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 30 January 2024

4. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST
At 1 September 2022 27,479,085 68,543,525 96,022,610
Additions 350,000 - 350,000
Disposals (9,276,711 ) (16,344,684 ) (25,621,395 )
At 30 January 2024 18,552,374 52,198,841 70,751,215
NET BOOK VALUE
At 30 January 2024 18,552,374 52,198,841 70,751,215
At 31 August 2022 27,479,085 68,543,525 96,022,610

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.1.24 31.8.22
£    £   
Trade debtors 3,813 747
Other debtors 40,535,420 24,597,234
40,539,233 24,597,981

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.1.24 31.8.22
£    £   
Bank loans and overdrafts 7,000,000 13,633,218
Trade creditors 45,655 31,144
Tax 7,670,462 7,670,462
Social security and other taxes 5,068 3,788
Directors' current accounts 3,115 641
Accrued expenses 54,924 5,874
14,779,224 21,345,127

7. ULTIMATE CONTROLLING PARTY

The controlling party is S Timoney.

Lochlane Investments Limited

Report of the Accountants to the Directors of
Lochlane Investments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 30 January 2024 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Montroig Consultants Limited
16 Hutchison Drive
Bearsden
Glasgow
Lanarkshire
G61 2LQ


28 October 2024