Company No: 14681441 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	Mr H Haig
	Mr A Haig

Registered office	Eagle House
	108-110 Jermyn Street
	London
	SWIY 6EE
	United Kingdom

Company number

14681441 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

	Note	2024		2023
		£		£
				Restated - note 2
Current assets
Stocks	4	9,960,006		9,439,770
Debtors	5	2,105,563		2,030,504
Cash at bank and in hand		320,036		1,644,090
		12,385,605		13,114,364
Creditors: amounts falling due within one year	6	( 181,274)		( 255,565)
Net current assets		12,204,331		12,858,799
Total assets less current liabilities		12,204,331		12,858,799
Net assets		12,204,331		12,858,799
Capital and reserves
Called-up share capital	7	13,000,000		13,000,000
Profit and loss account		( 795,669 )		( 141,201 )
Total shareholders' funds		12,204,331		12,858,799

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lochailort Kentford Limited (registered number: 14681441) were approved and authorised for issue by the Board of Directors on 11 September 2025. They were signed on its behalf by:

Mr H Haig Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lochailort Kentford Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Eagle House, 108-110 Jermyn Street, London, SWIY 6EE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

[Disclose the nature of the prior period adjustment, and (if practicable);
(i) for each prior period presented, the amount of the correction for each financial statement line item affected; and
(ii) the amount of the correction at the beginning of the earliest prior period presented; or an explanation if it is not practicable to disclose these amounts for (i) and (ii).]

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Prior year adjustment

The prior year adjustment relates to the issued share capital in the company as at 31 December 2023. £12,999,900 was misstated as share premium and has been reclassified as Ordinary share capital totalling £13,000,000 for the year.

		As previously reported		Adjustment		As restated
Year ended 31 December 2023		£		£		£
Share Premium		12,999,900		(12,999,900)		0
Called up share capital		100		12,999,900		13,000,000

3. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

4. Stocks

	2024		2023
	£		£
Stocks	9,960,006		9,439,770

5. Debtors

	2024		2023
	£		£
Other debtors	2,105,563		2,030,504

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	176,524		40,565
Amounts owed to Group undertakings	4,750		0
Other creditors	0		215,000
	181,274		255,565

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 A Class ordinary shares of £ 130,000.00 each	13,000,000		13,000,000

8. Related party transactions

Transactions with the entity's directors

During the year, Lochailort investments Limited, a company which Hugo Haig was a director of during the year, paid expenses of £4,750 (2023: 202,868) on behalf of the company of which £Nil (2023: £202,868) were repaid. At the year end the balance due to Locahilort Investments Limited was £4,750 (2023: £Nil)

9. Reserves

Profit and loss account

The profit and loss account comprises all current period retained profits and losses.

Share Capital

This represents the nominal value of shares that have been issued by the company.
Profit and loss account