IRIS Accounts Production v25.1.4.42 SC061928 director 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0619282024-03-31SC0619282025-03-31SC0619282024-04-012025-03-31SC0619282023-03-31SC0619282023-04-012024-03-31SC0619282024-03-31SC061928ns15:Scotland2024-04-012025-03-31SC061928ns14:PoundSterling2024-04-012025-03-31SC061928ns10:Director12024-04-012025-03-31SC061928ns10:PrivateLimitedCompanyLtd2024-04-012025-03-31SC061928ns10:SmallEntities2024-04-012025-03-31SC061928ns10:AuditExemptWithAccountantsReport2024-04-012025-03-31SC061928ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-31SC061928ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-31SC061928ns10:FullAccounts2024-04-012025-03-31SC061928ns10:RegisteredOffice2024-04-012025-03-31SC061928ns5:CurrentFinancialInstruments2025-03-31SC061928ns5:CurrentFinancialInstruments2024-03-31SC061928ns5:ShareCapital2025-03-31SC061928ns5:ShareCapital2024-03-31SC061928ns5:SharePremium2025-03-31SC061928ns5:SharePremium2024-03-31SC061928ns5:RetainedEarningsAccumulatedLosses2025-03-31SC061928ns5:RetainedEarningsAccumulatedLosses2024-03-31SC061928ns5:LandBuildings2024-04-012025-03-31SC061928ns5:PlantMachinery2024-04-012025-03-31SC061928ns5:LandBuildings2024-03-31SC061928ns5:FurnitureFittings2024-03-31SC061928ns5:MotorVehicles2024-03-31SC061928ns5:FurnitureFittings2024-04-012025-03-31SC061928ns5:MotorVehicles2024-04-012025-03-31SC061928ns5:LandBuildings2025-03-31SC061928ns5:FurnitureFittings2025-03-31SC061928ns5:MotorVehicles2025-03-31SC061928ns5:LandBuildings2024-03-31SC061928ns5:FurnitureFittings2024-03-31SC061928ns5:MotorVehicles2024-03-31SC061928ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-31SC061928ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC0619281ns10:Director12024-03-31SC0619281ns10:Director12023-03-31SC0619281ns10:Director12024-04-012025-03-31SC0619281ns10:Director12023-04-012024-03-31SC0619281ns10:Director12025-03-31SC0619281ns10:Director12024-03-31SC061928ns10:Director22024-04-012025-03-31SC061928ns10:Director222024-03-31SC061928ns10:Director222023-03-31SC061928ns10:Director222024-04-012025-03-31SC061928ns10:Director222023-04-012024-03-31SC061928ns10:Director222025-03-31SC061928ns10:Director222024-03-31
REGISTERED NUMBER: SC061928 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2025

for

Esplanade West (Oban) Limited

Esplanade West (Oban) Limited (Registered number: SC061928)

Contents of the Financial Statements
for the year ended 31st March 2025










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Esplanade West (Oban) Limited

Company Information
for the year ended 31st March 2025







Director: A I Nicholson





Registered office: Esplanade Court
Corran Esplanade
Oban
Argyll
PA34 5PW





Registered number: SC061928 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Esplanade West (Oban) Limited


The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Esplanade West (Oban) Limited for the year ended 31st March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Esplanade West (Oban) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Esplanade West (Oban) Limited and state those matters that we have agreed to state to the director of Esplanade West (Oban) Limited in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Esplanade West (Oban) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Esplanade West (Oban) Limited. You consider that Esplanade West (Oban) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Esplanade West (Oban) 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 financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


21st July 2025

Esplanade West (Oban) Limited (Registered number: SC061928)

Balance Sheet
31st March 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,586,669 1,651,901

Current assets
Debtors 5 33,294 22,664
Cash at bank 1,581,082 1,199,915
1,614,376 1,222,579
Creditors
Amounts falling due within one year 6 290,293 229,425
Net current assets 1,324,083 993,154
Total assets less current liabilities 2,910,752 2,645,055

Provisions for liabilities 8,416 9,196
Net assets 2,902,336 2,635,859

Capital and reserves
Called up share capital 212,500 212,500
Share premium 54,978 54,978
Retained earnings 2,634,858 2,368,381
2,902,336 2,635,859

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

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

Esplanade West (Oban) Limited (Registered number: SC061928)

Balance Sheet - continued
31st March 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 director and authorised for issue on 21st July 2025 and were signed by:





A I Nicholson - Director


Esplanade West (Oban) Limited (Registered number: SC061928)

Notes to the Financial Statements
for the year ended 31st March 2025


1. Statutory information

Esplanade West (Oban) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 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.

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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

Esplanade West (Oban) Limited (Registered number: SC061928)

Notes to the Financial Statements - continued
for the year ended 31st March 2025


3. Employees and directors

The average number of employees during the year was 10 (2024 - 9 ) .

4. Tangible fixed assets
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
Cost
At 1st April 2024
and 31st March 2025 2,850,943 499,439 25,747 3,376,129
Depreciation
At 1st April 2024 1,240,918 476,873 6,437 1,724,228
Charge for year 57,019 3,385 4,828 65,232
At 31st March 2025 1,297,937 480,258 11,265 1,789,460
Net book value
At 31st March 2025 1,553,006 19,181 14,482 1,586,669
At 31st March 2024 1,610,025 22,566 19,310 1,651,901

5. Debtors: amounts falling due within one year
2025 2024
£    £   
Other debtors 33,294 22,664

6. Creditors: amounts falling due within one year
2025 2024
£    £   
Taxation and social security 150,179 74,548
Other creditors 140,114 154,877
290,293 229,425

Esplanade West (Oban) Limited (Registered number: SC061928)

Notes to the Financial Statements - continued
for the year ended 31st March 2025


7. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025 2024
£    £   
A I Nicholson
Balance outstanding at start of year (1,852 ) 48,694
Amounts advanced 60,000 12,912
Amounts repaid (61,200 ) (63,458 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,052 ) (1,852 )

M A Nicholson
Balance outstanding at start of year (60 ) 2,606
Amounts advanced 13,201 12,454
Amounts repaid (24,088 ) (15,120 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,947 ) (60 )

8. Related party disclosures

During the year to 31 March 2025 the directors received salary of £12,000 (2024 - £12,000) and dividends of £75,120 (2024 - £76,500).