Leader Investments (Scotland) Limited SC442576 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is leasing a hotel Digita Accounts Production Advanced 6.30.9574.0 true true SC442576 2024-04-01 2025-03-31 SC442576 2025-03-31 SC442576 bus:OrdinaryShareClass1 2025-03-31 SC442576 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC442576 core:ShareCapital 2025-03-31 SC442576 core:CurrentFinancialInstruments 2025-03-31 SC442576 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 SC442576 core:Non-currentFinancialInstruments 2025-03-31 SC442576 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 SC442576 core:LandBuildings 2025-03-31 SC442576 core:ParentEntities 2025-03-31 SC442576 bus:SmallEntities 2024-04-01 2025-03-31 SC442576 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC442576 bus:FullAccounts 2024-04-01 2025-03-31 SC442576 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC442576 bus:RegisteredOffice 2024-04-01 2025-03-31 SC442576 bus:Director2 2024-04-01 2025-03-31 SC442576 bus:Director4 2024-04-01 2025-03-31 SC442576 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC442576 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC442576 bus:Agent1 2024-04-01 2025-03-31 SC442576 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 SC442576 core:ShareCapital 2024-04-01 2025-03-31 SC442576 core:FurnitureFittings 2024-04-01 2025-03-31 SC442576 core:LandBuildings 2024-04-01 2025-03-31 SC442576 core:PlantMachinery 2024-04-01 2025-03-31 SC442576 core:ParentEntities 2024-04-01 2025-03-31 SC442576 1 2024-04-01 2025-03-31 SC442576 countries:AllCountries 2024-04-01 2025-03-31 SC442576 2024-03-31 SC442576 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC442576 core:ShareCapital 2024-03-31 SC442576 core:LandBuildings 2024-03-31 SC442576 core:ParentEntities 2024-03-31 SC442576 2023-04-01 2024-03-31 SC442576 2024-03-31 SC442576 bus:OrdinaryShareClass1 2024-03-31 SC442576 core:CurrentFinancialInstruments 2024-03-31 SC442576 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 SC442576 core:Non-currentFinancialInstruments 2024-03-31 SC442576 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 SC442576 core:LandBuildings 2024-03-31 SC442576 core:ParentEntities 2024-03-31 SC442576 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 SC442576 core:ShareCapital 2023-04-01 2024-03-31 SC442576 core:ParentEntities 2023-04-01 2024-03-31 SC442576 2023-03-31 SC442576 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC442576 core:ShareCapital 2023-03-31 SC442576 core:ParentEntities 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC442576

Leader Investments (Scotland) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Leader Investments (Scotland) 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 13

 

Leader Investments (Scotland) Limited

Company Information

Directors

Mr Calum Eoghann Maclachlainn

Mr Derwyn Hewitt

Registered office

Unit 8 Balisclate Industrial Estate
Tobermory
Isle Of Mull
PA75 6QA

Accountants

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

 

Leader Investments (Scotland) Limited

Directors' Report for the Year Ended 31 March 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors of the company

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

Mr Calum Eoghann Maclachlainn

Mr Derwyn Hewitt

Principal activity

The principal activity of the company is leasing a hotel

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 26 August 2025 and signed on its behalf by:
 

.........................................
Mr Calum Eoghann Maclachlainn
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Leader Investments (Scotland) Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Leader Investments (Scotland) Limited for the year ended 31 March 2025 as set out on pages 4 to 13 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 Leader Investments (Scotland) 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 Leader Investments (Scotland) Limited and state those matters that we have agreed to state to the Board of Directors of Leader Investments (Scotland) 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 Leader Investments (Scotland) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Leader Investments (Scotland) 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 loss of Leader Investments (Scotland) Limited. You consider that Leader Investments (Scotland) 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 accounts of Leader Investments (Scotland) 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

26 August 2025

 

Leader Investments (Scotland) Limited

Profit and Loss Account for the Year Ended 31 March 2025

Note

2025
£

2024
£

Turnover

 

30,000

27,500

Gross profit

 

30,000

27,500

Administrative expenses

 

(7,202)

(8,191)

Operating profit

 

22,798

19,309

Other interest receivable and similar income

 

-

16

Interest payable and similar expenses

 

(48,795)

(5,000)

   

(48,795)

(4,984)

(Loss)/profit before tax

(25,997)

14,325

Tax on (loss)/profit

 

-

(1,457)

(Loss)/profit for the financial year

 

(25,997)

12,868

The above results were derived from continuing operations.

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

 

Leader Investments (Scotland) Limited

Statement of Comprehensive Income for the Year Ended 31 March 2025

2025
£

2024
£

(Loss)/profit for the year

(25,997)

12,868

Total comprehensive income for the year

(25,997)

12,868

 

Leader Investments (Scotland) Limited

(Registration number: SC442576)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

3

636,998

617,945

Current assets

 

Debtors

4

5,928

5,737

Cash at bank and in hand

 

3,231

5,625

 

9,159

11,362

Creditors: Amounts falling due within one year

5

(236,560)

(206,104)

Net current liabilities

 

(227,401)

(194,742)

Total assets less current liabilities

 

409,597

423,203

Creditors: Amounts falling due after more than one year

5

(328,573)

(316,182)

Net assets

 

81,024

107,021

Capital and reserves

 

Called up share capital

6

6

6

Retained earnings

81,018

107,015

Shareholders' funds

 

81,024

107,021

For the financial year ending 31 March 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 year 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 26 August 2025 and signed on its behalf by:
 

.........................................
Mr Calum Eoghann Maclachlainn
Director

 

Leader Investments (Scotland) Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

Share capital
£

Retained earnings
£

Total
£

At 1 April 2024

6

107,015

107,021

Loss for the year

-

(25,997)

(25,997)

At 31 March 2025

6

81,018

81,024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

6

118,147

118,153

Profit for the year

-

12,868

12,868

Dividends

-

(24,000)

(24,000)

At 31 March 2024

6

107,015

107,021

 

Leader Investments (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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.

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 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

in accordance with the property

 

Leader Investments (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Leader Investments (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2024

617,945

617,945

Additions

19,053

19,053

At 31 March 2025

636,998

636,998

Depreciation

Carrying amount

At 31 March 2025

636,998

636,998

At 31 March 2024

617,945

617,945

Included within the net book value of land and buildings above is £636,998 (2024 - £617,945) in respect of freehold land and buildings.
 

4

Debtors

Current

2025
£

2024
£

Trade debtors

-

448

Other debtors

5,928

5,289

 

5,928

5,737

 

Leader Investments (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

185,000

155,000

Trade creditors

 

2,513

-

Taxation and social security

 

1

1,457

Accruals and deferred income

 

2,100

2,100

Other creditors

 

46,946

47,547

 

236,560

206,104

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

328,573

316,182

Creditors include bank loans and overdrafts which are secured of £228,573 (2024 - £216,182).

6

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

6

6

6

6

       
 

Leader Investments (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

228,573

216,182

Other borrowings

100,000

100,000

328,573

316,182

Current loans and borrowings

2025
£

2024
£

Other borrowings

185,000

155,000

8

Dividends

2025

2024

£

£

Interim dividend of £Nil (2024 - £4,000.00) per ordinary share

-

24,000

 

 

9

Related party transactions

Summary of transactions with parent

Tob Property Management & Investments Ltd

Loans from related parties

2025

Parent
£

Total
£

At start of period

155,000

155,000

At end of period

155,000

155,000

2024

Parent
£

Total
£

At start of period

100,000

100,000

Advanced

55,000

55,000

At end of period

155,000

155,000

 

Leader Investments (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10

Parent and ultimate parent undertaking

The company's immediate parent is Tob Prpoerty Management and Investments Limited, incorporated in Scotland.