REGISTERED NUMBER: SC733667 (Scotland)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

LAURNEY LODGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L M Tierney

L P Tierney

REGISTERED OFFICE:

Laurney Lodge

Fordoun

Laurencekirk

Aberdeenshire

AB30 1SQ

REGISTERED NUMBER:

SC733667 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Tangible assets

4

156,766

173,582

CURRENT ASSETS

Debtors

5

7,125

17,396

Cash at bank

19,199

13,705

26,324

31,101

CREDITORS

Amounts falling due within one year

6

87,477

169,873

NET CURRENT LIABILITIES

(61,153

)

(138,772

)

TOTAL ASSETS LESS CURRENT LIABILITIES

95,613

34,810

PROVISIONS FOR LIABILITIES

7

34,937

36,452

NET ASSETS/(LIABILITIES)

60,676

(1,642

)

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

60,656

(1,662

)

SHAREHOLDERS' FUNDS

60,676

(1,642

)

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

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

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 15 September 2025 and were signed on its behalf by:

Mrs L M Tierney - Director

L P Tierney - Director

1.	STATUTORY INFORMATION

Laurney Lodge Limited 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.

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.

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.

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 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

193,535

4,020

17,000

833

215,388

Additions

5,000

1,467

-

731

7,198

At 31 May 2025

198,535

5,487

17,000

1,564

222,586

DEPRECIATION

At 1 June 2024

38,708

1,588

1,417

93

41,806

Charge for year

19,354

845

3,400

415

24,014

At 31 May 2025

58,062

2,433

4,817

508

65,820

NET BOOK VALUE

At 31 May 2025

140,473

3,054

12,183

1,056

156,766

At 31 May 2024

154,827

2,432

15,583

740

173,582

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Other debtors

6,900

16,500

Prepayments and accrued income

225

896

7,125

17,396

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

1,387

-

Tax

24,809

15,301

Social security and other taxes

268

5

VAT

7,324

7,624

Other creditors

12,985

29,283

Directors' current accounts

32,679

103,036

Accruals and deferred income

8,025

14,624

87,477

169,873

7.	PROVISIONS FOR LIABILITIES

31.5.25

31.5.24

£

£

Deferred tax

34,937

36,452

Deferred

tax

£

Balance at 1 June 2024

36,452

Movement in year

(1,515

)

Balance at 31 May 2025

34,937