REGISTERED NUMBER: SC087147 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Raasay Outdoor Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms L C Rowe

Ms F J Rowe

D W Croy

SECRETARY:

Mrs A Gillies

REGISTERED OFFICE:

Raasay House

Isle of Raasay

By Kyle

ROSS-SHIRE

IV40 8PB

REGISTERED NUMBER:

SC087147 (Scotland)

ACCOUNTANTS:

Equiom (Scotland)

15a Harbour Road

Inverness

INVERNESS-SHIRE

IV1 1SY

BANKERS:

The Royal Bank of Scotland

Portree Branch

Bank Street

Portree

Isle of Skye

IV51 9BX

FIXED ASSETS

Tangible assets

4

388,881

395,425

CURRENT ASSETS

Stocks

11,900

11,698

Debtors

5

14,415

26,040

Cash at bank and in hand

467,330

356,275

493,645

394,013

CREDITORS

Amounts falling due within one year

6

(91,555

)

(99,302

)

NET CURRENT ASSETS

402,090

294,711

TOTAL ASSETS LESS CURRENT LIABILITIES

790,971

690,136

CREDITORS

Amounts falling due after more than one year

7

(82,144

)

(101,721

)

ACCRUALS AND DEFERRED INCOME

(43,983

)

(51,819

)

NET ASSETS

664,844

536,596

CAPITAL AND RESERVES

Called up share capital

55,002

55,002

Other reserves

39,000

39,000

Retained earnings

570,842

442,594

664,844

536,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 29 September 2025 and were signed on its behalf by:

D W Croy - Director

1.	STATUTORY INFORMATION

Raasay Outdoor Centre 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.

Land and buildings

-

2% straight line

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2023 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Domestic

Outdoor

property

equipment

equipment

£

£

£

COST

At 1 January 2024

95,323

392,953

172,578

Additions

-

15,998

6,290

At 31 December 2024

95,323

408,951

178,868

DEPRECIATION

At 1 January 2024

9,525

278,256

142,708

Charge for year

1,906

19,604

5,424

At 31 December 2024

11,431

297,860

148,132

NET BOOK VALUE

At 31 December 2024

83,892

111,091

30,736

At 31 December 2023

85,798

114,697

29,870

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

299,982

101,401

1,062,237

Additions

26,333

563

49,184

At 31 December 2024

326,315

101,964

1,111,421

DEPRECIATION

At 1 January 2024

150,345

85,978

666,812

Charge for year

26,396

2,398

55,728

At 31 December 2024

176,741

88,376

722,540

NET BOOK VALUE

At 31 December 2024

149,574

13,588

388,881

At 31 December 2023

149,637

15,423

395,425

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,918

12,692

Other debtors

11,497

13,348

14,415

26,040

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

12,510

12,254

Trade creditors

12,737

31,091

Taxation and social security

37,553

3,202

Other creditors

28,755

52,755

91,555

99,302

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

29,635

41,449

Other creditors

52,509

60,272

82,144

101,721

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Directors loan

35,000

35,000

Repayable by instalments

Bank loans > 5 years

11,043

12,592

8.	SECURED DEBTS

The following are secured debts within creditors:

2024

2023

£

£

Bank loans

42,145

53,703

HIE Loan

25,275

32,809

Director Loan

35,000

35,000

102,420

121,512

The bank loan is secured by a mortgage over 47 Inverarish Terrace, Isle of Raasay and a bond and floating

charge.

The Highlands & Enterprise (HIE) loan is secured by a bond and floating charge.