Company No:
Contents
| Directors | H Haig |
| J Haig | |
| S Leslie | |
| T Leslie |
| Secretary | T Leslie |
| Registered office | Eagle House |
| 108 - 110 Jermyn Street | |
| London | |
| SW1Y 6EE | |
| United Kingdom |
| Company number | 05605197 (England and Wales) |
| Accountant | Kreston Reeves LLP |
| 2nd Floor | |
| 168 Shoreditch High Street | |
| London | |
| E1 6RA |
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 3,561 | 5,291 | |||
| Current assets | ||||
| Stocks |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| 2,273,077 | 2,119,976 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (278,095) | (7,204) | ||
| Total assets less current liabilities | (274,534) | (1,913) | ||
| Net liabilities | (
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| Capital and reserves | ||||
| Called-up share capital | 6 |
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| Profit and loss account | (
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| Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Lochailort Investments Limited (registered number:
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H Haig
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Lochailort Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Eagle House, 108 - 110 Jermyn Street, London, SW1Y 6EE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
| Vehicles |
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| Fixtures and fittings |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
The company has elected to apply the provisions of section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Vehicles | Fixtures and fittings | Office equipment | Total | ||||
| £ | £ | £ | £ | ||||
| Cost | |||||||
| At 01 November 2023 |
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| At 31 October 2024 |
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| Accumulated depreciation | |||||||
| At 01 November 2023 |
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| Charge for the financial year |
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| At 31 October 2024 |
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| Net book value | |||||||
| At 31 October 2024 | 1,481 | 0 | 2,080 | 3,561 | |||
| At 31 October 2023 | 1,975 | 0 | 3,316 | 5,291 |
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| £ | £ | ||
| Other debtors |
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| £ | £ | ||
| Trade creditors |
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| Other creditors |
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| 2024 | 2023 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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A director is owed £Nil (2023: £Nil) by the company. Interest has previously been charged at 7% on the loan. The accrued interest balance at the year end was £1,256,296 (2023: £1,256,296).
During the year a director loaned the company £Nil (2023: £52,000). As at the balance sheet date, the company owed £49,753 (2023: £52,000). This amount is included with 'Other creditors'. It is non-interest bearing and repayable on demand.
During the year another director loaned the company £383,000 (2023: £Nil). As at the balance sheet date, the company owed £383,000 (2023: £Nil). This amount is included with 'Other creditors'. It is non-interest bearing and repayable on demand.
During the year, Lochailort Limited, a company of which H Haig is also a director, loaned the company £257,500 (2023: £290,000). As at the balance sheet date, the company owed £727,500 (2023: £470,000). This amount is included with 'Other creditors'. It is non-interest bearing and repayable on demand.
During the year, the company met expenses on behalf of Lochailort St Ives Limited, a company under common control, totalling £39,060 (2023: £9,974). As at the balance sheet date, the company was owed £1,207,611 (2023: £1,168,551) by Lochailort St Ives Limited. This amount is included with 'Other debtors'. It is non-interest bearing and repayable on demand.
During the year, Lochailort Chapmanslade Limited, a company under common control, made repayments totalling £1,815 (2023: £Nil) and received funds of £Nil (2023: £Nil). As at the balance sheet date, the company owed £123,672 (2023: £125,488) by Lochailort Chapmanslade Limited. This amount is included with 'Other creditors'. It is non-interest bearing and repayable on demand.
As at the balance sheet date, the company was owed £5,103 (2023: £4,493) by Lochailort Thames Quarter Limited, a company under common control. This amount is included with 'Other debtors'. It is non-interest bearing and repayable on demand.
During the year, Lochailort Kentford Limited, a company under common control, met expenses on behalf of the company totalling £Nil (2023: £202,868) and made repayments of £54,159 (2023: £153,459) As at the balance sheet date, the company was owed £4,750 (2023: owed £49,409) from Lochailort Kentford Limited. This amount is included with 'Other creditors'. It is non-interest bearing and repayable on demand.