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REGISTERED NUMBER: SC415356 (Scotland)















Financial Statements

for the Year Ended 31 January 2025

for

Oban Marina & Yacht Services Limited

Oban Marina & Yacht Services Limited (Registered number: SC415356)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Oban Marina & Yacht Services Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: G N Adams
C M Adams





REGISTERED OFFICE: Ardentrive Bay
Kerrera
Oban
Arygll and Bute
PA34 4SX





REGISTERED NUMBER: SC415356 (Scotland)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Oban Marina & Yacht Services Limited (Registered number: SC415356)

Statement of Financial Position
31 January 2025

31/1/25 31/1/24
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 673,294 698,310

CURRENT ASSETS
Debtors 6 680 3,259
Cash at bank 14,791 1,776
15,471 5,035
CREDITORS
Amounts falling due within one year 7 (1,192,546 ) (1,203,687 )
NET CURRENT LIABILITIES (1,177,075 ) (1,198,652 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(503,781

)

(500,342

)

PROVISIONS FOR LIABILITIES (27,606 ) (27,189 )
NET LIABILITIES (531,387 ) (527,531 )

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings (531,507 ) (527,651 )
(531,387 ) (527,531 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Oban Marina & Yacht Services Limited (Registered number: SC415356)

Statement of Financial Position - continued
31 January 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:




G N Adams - Director



C M Adams - Director


Oban Marina & Yacht Services Limited (Registered number: SC415356)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Oban Marina & Yacht Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements and going concern
The financial statements have been prepared under the historical cost convention.

The Statement of Financial Position shows a net current liability position and a deficit in retained earnings which has been funded by loans from the company's directors. The directors have confirmed that they will continue to provide financial support to the company to enable it to meet its liabilities as they fall due for the foreseeable future. As such, the company's directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover
Revenue 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
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost or valuation of each asset to its estimated residual value over its expected useful life, on the following basis:-

Long leasehold buildings - straight line over 50 years
Plant and machinery - 6.67% and 25% on reducing balance
Motor vehicles - 25% on reducing balance

Residual value is calculated on prices prevailing at the reporting date, after estimated costs of disposal, for the asset as if it were at the age and in the condition expected at the end of its useful life.

Impairment of fixed assets
Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of net realisable value and value-in-use, are recognised as impairments. Impairment losses are recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Oban Marina & Yacht Services Limited (Registered number: SC415356)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1 February 2024 637,281 510,145 33,995 1,181,421
Disposals - (10,750 ) - (10,750 )
At 31 January 2025 637,281 499,395 33,995 1,170,671
Depreciation
At 1 February 2024 77,281 380,449 25,381 483,111
Charge for year 6,440 10,935 2,154 19,529
Eliminated on disposal - (5,263 ) - (5,263 )
At 31 January 2025 83,721 386,121 27,535 497,377
Net book value
At 31 January 2025 553,560 113,274 6,460 673,294
At 31 January 2024 560,000 129,696 8,614 698,310

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/25 31/1/24
£    £   
Trade debtors 680 1,359
Other debtors - 1,900
680 3,259

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/25 31/1/24
£    £   
Trade creditors - 11,829
Taxation and social security 1,591 -
Other creditors 1,190,955 1,191,858
1,192,546 1,203,687

Oban Marina & Yacht Services Limited (Registered number: SC415356)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. RELATED PARTY DISCLOSURES

The company's liabilities includes loan funding provided by its directors totalling £1,185,496 (2024: £1,187,997). This funding is unsecured, interest free and repayable on demand, although the directors have confirmed that they will not seek repayment of any balances if this would mean the company was then unable to meet its other liabilities as they fall due.