REGISTERED NUMBER: SC243773 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 10 AUGUST 2024

FOR

WEST HIGHLAND ESTATES OBAN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ian Dougall

SECRETARY:

Margaret Dougall

REGISTERED OFFICE:

Raschoille

Glenshellach Road

OBAN

Argyll

PA34 4PP

REGISTERED NUMBER:

SC243773 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

FIXED ASSETS

Tangible assets

4

31,382

34,101

CURRENT ASSETS

Prepayments and accrued income

100

100

Cash at bank

81,559

8,918

81,659

9,018

CREDITORS

Amounts falling due within one year

5

142,093

70,867

NET CURRENT LIABILITIES

(60,434

)

(61,849

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,052

)

(27,748

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(30,052

)

(28,748

)

SHAREHOLDERS' FUNDS

(29,052

)

(27,748

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 10 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 10 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 April 2025 and were signed by:

Ian Dougall - Director

1.	STATUTORY INFORMATION

West Highland Estates Oban Ltd 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.

The company is being supported by the Director and the largest single creditor is that of the directors current account. No repayment will be demanded until funds are available to do so.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

10% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year 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 year 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 11 August 2023

and 10 August 2024

7,018

6,299

49,060

1,001

63,378

DEPRECIATION

At 11 August 2023

-

6,233

22,043

1,001

29,277

Charge for year

-

17

2,702

-

2,719

At 10 August 2024

-

6,250

24,745

1,001

31,996

NET BOOK VALUE

At 10 August 2024

7,018

49

24,315

-

31,382

At 10 August 2023

7,018

66

27,017

-

34,101

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

142,093

70,867

6.	RELATED PARTY DISCLOSURES

In 2020-21 the director has charged interest at a market rate of 8% per annum on unsecured borrowings to the company. Due to the continued loss making the director has agreed to waive any future interest charge.

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by the Director.