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REGISTERED NUMBER: SC162573 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

Melness Crofters Estate

(a private company limited by guarantee)

Melness Crofters Estate (Registered number: SC162573)

(a private company limited by guarantee)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Melness Crofters Estate

(a private company limited by guarantee)

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | A H Findlay

| M Findlay

| Ms K L Mackay

| Ms D L Pritchard

| M Beveridge

| A G MacKay

| Ms K Kelly

| M Sandison

| SECRETARY: | W Robertson

| REGISTERED OFFICE: | Estate Office

| Cornhill Road

| Talmine

| By Lairg

| IV27 4YP

| REGISTERED NUMBER: | SC162573 (Scotland)

| ACCOUNTANTS: | Highland Accountancy Practice

| Chartered Accountants

| Suite 1A, Willow House

| Stoneyfield Business Park

| Inverness

| Highland

| IV2 7PA

Melness Crofters Estate (Registered number: SC162573)

(a private company limited by guarantee)

Abridged Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 19,084 |  | 19,881 |  |

CURRENT ASSETS

Debtors | 77,048 |  | 63,656 |  |

Cash at bank and in hand | 140,008 |  | 115,136 |  |

217,056 |  | 178,792 |  |

CREDITORS

Amounts falling due within one year | 99,852 |  | 78,165 |  |

NET CURRENT ASSETS | 117,204 |  | 100,627 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 136,288 |  | 120,508 |  |

PROVISIONS FOR LIABILITIES | 112 |  | 123 |  |

NET ASSETS | 136,176 |  | 120,385 |  |

RESERVES

Capital Reserve | 30,250 |  | 30,250 |  |

Retained earnings | 105,926 |  | 90,135 |  |

136,176 |  | 120,385 |  |

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

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

Melness Crofters Estate (Registered number: SC162573)

(a private company limited by guarantee)

Abridged Balance Sheet - continued

31 March 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

Ms D L Pritchard - Director

Ms K L Mackay - Director

Melness Crofters Estate (Registered number: SC162573)

(a private company limited by guarantee)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Melness Crofters Estate is a private company, limited by guarantee , 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 the cost less estimated residual value of each asset over its estimated useful life.

| Freehold Property | - | 2% on cost

| Fixtures and Fittings | - | 20% on reducing balance

| Computer Equipment | - | 25% on cost

| Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

| 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 9 (2024 - 9 ) .

Melness Crofters Estate (Registered number: SC162573)

(a private company limited by guarantee)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 April 2024 | 42,050 |  |

| Additions | 190 |  |

| At 31 March 2025 | 42,240 |  |

| DEPRECIATION

| At 1 April 2024 | 22,169 |  |

| Charge for year | 987 |  |

| At 31 March 2025 | 23,156 |  |

| NET BOOK VALUE

| At 31 March 2025 | 19,084 |  |

| At 31 March 2024 | 19,881 |  |