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Registration number: SC800131

Roslyn Operations Limited

Annual Report and Unaudited Financial Statements

for the Period from 22 February 2024 to 28 February 2025

 

Roslyn Operations Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 10

 

Roslyn Operations Limited

Company Information

Directors

Mr Neil Morrison

Ms Nicola Armstrong

Mr Owen Cossar

Mrs Gillian Alexandra Morrison

Registered office

9 Erray Road
Tobermory
Isle of Mull
Argyll
PA75 6PS

Accountants

Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

 

Roslyn Operations Limited

Directors' Report for the Period from 22 February 2024 to 28 February 2025

The directors present their report and the financial statements for the period from 22 February 2024 to 28 February 2025.

Incorporation

The company was incorporated on 22 February 2024.

Directors of the company

The directors who held office during the period were as follows:

Mr Neil Morrison (appointed 22 February 2024)

Ms Nicola Armstrong (appointed 22 February 2024)

Mr Owen Cossar (appointed 22 February 2024)

Mrs Gillian Alexandra Morrison (appointed 22 February 2024)

Principal activity

The principal activity of the company is provision of holiday accommodation

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 7 April 2025 and signed on its behalf by:
 

.........................................
Mr Neil Morrison
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Roslyn Operations Limited
for the Period Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Roslyn Operations Limited for the period ended 28 February 2025 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Roslyn Operations Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Roslyn Operations Limited and state those matters that we have agreed to state to the Board of Directors of Roslyn Operations Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Roslyn Operations Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Roslyn Operations Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Roslyn Operations Limited. You consider that Roslyn Operations Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Roslyn Operations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

7 April 2025

 

Roslyn Operations Limited

Profit and Loss Account for the Period from 22 February 2024 to 28 February 2025

Note

2025
£

Turnover

 

133,676

Cost of sales

 

(26,068)

Gross profit

 

107,608

Administrative expenses

 

(66,689)

Operating profit

 

40,919

Profit before tax

40,919

Tax on profit

 

(7,774)

Profit for the financial period

 

33,145

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

Roslyn Operations Limited

Statement of Comprehensive Income for the Period from 22 February 2024 to 28 February 2025

2025
£

Profit for the period

33,145

Total comprehensive income for the period

33,145

 

Roslyn Operations Limited

(Registration number: SC800131)
Balance Sheet as at 28 February 2025

Note

2025
£

Current assets

 

Debtors

3

27,839

Cash at bank and in hand

 

23,271

 

51,110

Creditors: Amounts falling due within one year

4

(17,865)

Net assets

 

33,245

Capital and reserves

 

Called up share capital

5

100

Retained earnings

33,145

Shareholders' funds

 

33,245

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 7 April 2025 and signed on its behalf by:
 

.........................................
Mr Neil Morrison
Director

 

Roslyn Operations Limited

Statement of Changes in Equity for the Period from 22 February 2024 to 28 February 2025

Share capital
£

Retained earnings
£

Total
£

Profit for the period

-

33,145

33,145

New share capital subscribed

100

-

100

At 28 February 2025

100

33,145

33,245

 

Roslyn Operations Limited

Notes to the Unaudited Financial Statements for the Period from 22 February 2024 to 28 February 2025

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Roslyn Operations Limited

Notes to the Unaudited Financial Statements for the Period from 22 February 2024 to 28 February 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

3

Debtors

Current

2025
£

Trade debtors

25,116

Other debtors

2,723

 

27,839

 

Roslyn Operations Limited

Notes to the Unaudited Financial Statements for the Period from 22 February 2024 to 28 February 2025

4

Creditors

Creditors: amounts falling due within one year

2025
£

Due within one year

Trade creditors

75

Taxation and social security

7,774

Other creditors

10,016

17,865

5

Share capital

Allotted, called up and fully paid shares

2025

No.

£

Ordinary of £1 each

100

100