ROBERT HOYLE LIMITED


Directors	HOYLE, R W, Dr
	MCMILLAN, S J


Company Secretary	MCMILLAN, Susan


Registered Address	16 Borden Road
	Glasgow
	G13 1QX


Registered Number	SC138447 (Scotland)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investments	3		213,321		220,779
			213,321		220,779
Current assets
Debtors	4	442		-
Cash at bank and on hand		1,788		1,740
		2,230		1,740
Creditors amounts falling due within one year	5	(3,634)		(3,439)
Net current assets (liabilities)			(1,404)		(1,699)
Total assets less current liabilities			211,917		219,080
Provisions for liabilities	6		(17,411)		(18,559)
Net assets			194,506		200,521
Capital and reserves
Called up share capital			2		2
Profit and loss account			194,504		200,519
Shareholders' funds			194,506		200,521

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 17 September 2025, and are signed on its behalf by:

MCMILLAN, S J
Director
Registered Company No. SC138447

ROBERT HOYLE LIMITED

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

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Dividend income
	Dividend income is recognised when the right to receive payment is established.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees
	The average number of employees does not include directors without a contract of service.


		2025		2024
	Average number of employees during the year	0		0

3.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 April 24	220,779	220,779
Additions	2,069	2,069
Revaluations	523	523
Disposals	(10,050)	(10,050)
At 31 March 25	213,321	213,321
Net book value
At 31 March 25	213,321	213,321
At 31 March 24	220,779	220,779

	Notes
	¹Other investments other than loans

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Prepayments and accrued income	442	-
Total	442	-

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	1,358	1,634
Accrued liabilities and deferred income	2,276	1,805
Total	3,634	3,439

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	17,411	18,559
Total	17,411	18,559

7.	Related party transactions
	The company is under the control of S J McMillan and R W Hoyle as trustees of The Robert Hoyle Discretionary Trust and The Morag Hoyle Discretionary Trust.