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Company Registration No. SC419439 (Scotland)
Lorne Resources Ltd Unaudited accounts for the year ended 31 December 2024
Lorne Resources Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Lorne Resources Ltd Company Information for the year ended 31 December 2024
Director
Ross McLellan
Company Number
SC419439 (Scotland)
Registered Office
THE LIGHTHOUSE HEUGH ROAD NORTH BERWICK EH39 5PX SCOTLAND
Accountants
Braes Accountancy Limited Ironworks Business Centre Castlelaurie Industrial Estate Falkirk Stirlingshire FK2 7XE
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Lorne Resources Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
1,016,836
1,016,836
Current assets
Debtors
5
2
2
Creditors: amounts falling due within one year
6
(32,190)
(32,190)
Net current liabilities
(32,188)
(32,188)
Total assets less current liabilities
984,648
984,648
Creditors: amounts falling due after more than one year
7
(1,016,836)
(1,016,836)
Net liabilities
(32,188)
(32,188)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(32,190)
(32,190)
Shareholders' funds
(32,188)
(32,188)
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 September 2025 and were signed on its behalf by
Ross McLellan Director Company Registration No. SC419439
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Lorne Resources Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Lorne Resources Ltd is a private company, limited by shares, registered in Scotland, registration number SC419439. The registered office is THE LIGHTHOUSE, HEUGH ROAD, NORTH BERWICK, EH39 5PX, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 1 January 2024
1,016,836
At 31 December 2024
1,016,836
Amortisation
At 1 January 2024
-
At 31 December 2024
-
Net book value
At 31 December 2024
1,016,836
At 31 December 2023
1,016,836
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Other debtors
2
2
6
Creditors: amounts falling due within one year
2024
2023
£
£
Accruals
32,190
32,190
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Lorne Resources Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings and other participating interests
1,016,836
1,016,836
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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