REGISTERED NUMBER: SC649457 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Lanrick Treehouses Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S A J Dickson

Mrs P A Dickson

Mrs L C Dickson

D A J Dickson

REGISTERED OFFICE:

The Broich

Doune

Perthshire

FK16 6HJ

REGISTERED NUMBER:

SC649457 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Tangible assets

4

929,412

887,359

CURRENT ASSETS

Debtors

5

24,363

15,226

Cash at bank

22,109

95,498

46,472

110,724

CREDITORS

Amounts falling due within one year

6

771,814

849,187

NET CURRENT LIABILITIES

(725,342

)

(738,463

)

TOTAL ASSETS LESS CURRENT LIABILITIES

204,070

148,896

CREDITORS

Amounts falling due after more than one year

7

38,220

-

NET ASSETS

165,850

148,896

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

165,750

148,796

165,850

148,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

S A J Dickson - Director

1.	STATUTORY INFORMATION

Lanrick Treehouses Ltd 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.

The directors are of the opinion that the company can continue to meet its obligations as they fall due for the foreseeable future. As a consequence the directors have prepared the financial statements on the going concern basis.

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.

Freehold property

-

Straight line over 30 years

Fixtures and fittings

-

Straight line over 5 years

Computer equipment

-

Straight line over 5 years

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 statement of financial position date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2024

951,622

24,198

4,600

Additions

-

60,392

25,785

Disposals

-

-

(4,600

)

At 31 December 2024

951,622

84,590

25,785

DEPRECIATION

At 1 January 2024

97,755

1,313

2,176

Charge for year

31,721

3,859

5,658

Eliminated on disposal

-

-

(2,176

)

At 31 December 2024

129,476

5,172

5,658

NET BOOK VALUE

At 31 December 2024

822,146

79,418

20,127

At 31 December 2023

853,867

22,885

2,424

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

12,020

1,328

993,768

Additions

2,474

-

88,651

Disposals

-

-

(4,600

)

At 31 December 2024

14,494

1,328

1,077,819

DEPRECIATION

At 1 January 2024

4,402

763

106,409

Charge for year

2,670

266

44,174

Eliminated on disposal

-

-

(2,176

)

At 31 December 2024

7,072

1,029

148,407

NET BOOK VALUE

At 31 December 2024

7,422

299

929,412

At 31 December 2023

7,618

565

887,359

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

23,983

13,074

Other debtors

380

2,152

24,363

15,226

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Other loans

5,593

-

Hire purchase contracts

6,356

-

Trade creditors

6,871

5,936

VAT

12,605

8,553

Other creditors

195

259

Directors' loan accounts

676,185

782,956

Deferred income

59,782

47,587

Accrued expenses

4,227

3,896

771,814

849,187

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Other loans - more than 1 year

38,220

-