Registration number: SC277632

Tob Property Management & Investments Limited

Contents

Company Information	1
Director's Report	2
Accountants' Report	3
Profit and Loss Account	4
Statement of Comprehensive Income	5
Balance Sheet	6
Statement of Changes in Equity	7
Notes to the Unaudited Financial Statements	8 to 16

Tob Property Management & Investments Limited

Company Information

Director

Mr Calum Eoghann Maclachlainn

Company secretary

Mr Derwyn Hewitt

Registered office

8A Baliscate Tobermory Isle Of Mull Argyll PA75 6QA

Accountants

Jack MacDonald & Co Chartered AccountantCuan Aille 1 Aldersyde Taynuilt Argyll PA35 1AG

Tob Property Management & Investments Limited

Director's Report for the Year Ended 31 December 2024

The director presents his report and the financial statements for the year ended 31 December 2024.

Director of the company

The director who held office during the year was as follows:

Mr Calum Eoghann Maclachlainn

Principal activity

The principal activity of the company is asset management

Small companies provision statement

This report has 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.

Approved and authorised by the director on 25 September 2025
 

......................................... Mr Calum Eoghann Maclachlainn Director

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Tob Property Management & Investments Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tob Property Management & Investments Limited for the year ended 31 December 2024 as set out on pages 4 to 16 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Tob Property Management & Investments Limited, as a body, in accordance with the terms of our engagement letter dated 20 December 2014. Our work has been undertaken solely to prepare for your approval the accounts of Tob Property Management & Investments Limited and state those matters that we have agreed to state to the Board of Directors of Tob Property Management & Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tob Property Management & Investments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Tob Property Management & Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Tob Property Management & Investments Limited. You consider that Tob Property Management & Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Tob Property Management & Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Jack MacDonald & Co
Chartered Accountant
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

25 September 2025

Tob Property Management & Investments Limited

Profit and Loss Account for the Year Ended 31 December 2024

	Note	2024 £	2023 £
Turnover		429,000	130,000
Gross profit		429,000	130,000
Administrative expenses		(47,273)	(25,024)
Other operating income		11,348	-
Operating profit		393,075	104,976
Other interest receivable and similar income		488	(1,179)
Profit before tax		393,563	103,797
Profit for the financial year		393,563	103,797

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Tob Property Management & Investments Limited

Statement of Comprehensive Income for the Year Ended 31 December 2024

	2024 £	2023 £
Profit for the year	393,563	103,797
Total comprehensive income for the year	393,563	103,797

Tob Property Management & Investments Limited

(Registration number: SC277632)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investments	4	88,539	88,842
Current assets
Debtors	6	510,362	401,887
Other financial assets	5	20,000	20,000
Cash at bank and in hand		285,938	71,347
		816,300	493,234
Creditors: Amounts falling due within one year	7	(392,243)	(463,043)
Net current assets		424,057	30,191
Net assets		512,596	119,033
Capital and reserves
Called up share capital	8	70	70
Retained earnings		512,526	118,963
Shareholders' funds		512,596	119,033

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.

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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 25 September 2025
 

......................................... Mr Calum Eoghann Maclachlainn Director

Tob Property Management & Investments Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

	Share capital £	Retained earnings £	Total £
At 1 January 2024	70	118,963	119,033
Profit for the year	-	393,563	393,563
At 31 December 2024	70	512,526	512,596

	Share capital £	Retained earnings £	Total £
At 1 January 2023	10	15,166	15,176
Profit for the year	-	103,797	103,797
New share capital subscribed	60	-	60
At 31 December 2023	70	118,963	119,033

Tob Property Management & Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Over 10 years

Tob Property Management & Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

Tob Property Management & Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2024	10,000	10,000
At 31 December 2024	10,000	10,000
Amortisation
At 1 January 2024	10,000	10,000
At 31 December 2024	10,000	10,000
Carrying amount
At 31 December 2024	-	-

4	Investments

	2024 £	2023 £
Investments in subsidiaries	208	206
Investments in associates	88,331	88,636
	88,539	88,842