Highland Outdoor Adventures Limited

(Registration number: SC757974)

Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	106,641	64,182
Current assets
Debtors	4	3,282	2,370
Cash at bank and in hand		4,608	1,852
		7,890	4,222
Creditors: Amounts falling due within one year	5	(112,500)	(82,692)
Net current liabilities		(104,610)	(78,470)
Total assets less current liabilities		2,031	(14,288)
Creditors: Amounts falling due after more than one year	5	(33,562)	-
Net liabilities		(31,531)	(14,288)
Capital and reserves
Called up share capital		1	1
Retained earnings		(31,532)	(14,289)
Shareholders' deficit		(31,531)	(14,288)

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 19 September 2025
 

.........................................

James Miller

Director

Highland Outdoor Adventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	Accounting policies

Statutory information

Highland Outdoor Adventures Limited is a private company, limited by shares, domiciled in England and Wales, company number SC757974. The registered office is at Glenavon Cottage, Main Street, Newtonmore, PH20 1DR.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Highland Outdoor Adventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

1	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% Straight Line
Office equipment	33% Straight Line/20% Straight Line
Motor vehicles	25% Reducing Balance

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Highland Outdoor Adventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

3	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost
At 1 March 2024	69,409	7,067	-	76,476
Additions	12,640	575	42,813	56,028
At 28 February 2025	82,049	7,642	42,813	132,504
Depreciation
At 1 March 2024	10,412	1,883	-	12,295
Charge for the year	10,745	1,931	892	13,568
At 28 February 2025	21,157	3,814	892	25,863
Carrying amount
At 28 February 2025	60,892	3,828	41,921	106,641
At 29 February 2024	58,998	5,184	-	64,182

4

Debtors

Current	2025 £	2024 £
Prepayments	930	351
Other debtors	2,352	2,019
	3,282	2,370

5

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		9,511	-
Deferred income		4,946	4,890
Other creditors		98,043	77,802
		112,500	82,692