REGISTERED NUMBER: 14403799 (England and Wales)

Financial Statements

for the Year Ended 31 October 2024

for

LOCH MOY 22 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J Mcintosh

J R I McIntosh

REGISTERED OFFICE:

Lloyds Bank Chambers

Rawse Varley

43 Hustlergate

Bradford

BD1 1UQ

REGISTERED NUMBER:

14403799 (England and Wales)

ACCOUNTANTS:

Rawse, Varley & Co

Chartered Accountants

Lloyds Bank Chambers

Hustlergate

Bradford

BD1 1UQ

FIXED ASSETS

Investments

4

630,402

630,402

CREDITORS

Amounts falling due within one year

5

636,783

630,917

NET CURRENT LIABILITIES

(636,783

)

(630,917

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,381

)

(515

)

CAPITAL AND RESERVES

Called up share capital

85

85

Retained earnings

(6,466

)

(600

)

SHAREHOLDERS' FUNDS

(6,381

)

(515

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 30 September 2025 and were signed on its behalf by:

A J Mcintosh - Director

1.	STATUTORY INFORMATION

Loch Moy 22 Limited is a private company, limited by shares , registered in England and Wales. 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.

Preparation of consolidated financial statements

The financial statements contain information about Loch Moy 22 Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any impairment.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2023

and 31 October 2024

630,402

NET BOOK VALUE

At 31 October 2024

630,402

At 31 October 2023

630,402

The company holds the whole of the issued share capital of The Optima Value Group Limited.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

302,183

246,317

Directors' current accounts

334,000

384,000

Accrued expenses

600

600

636,783

630,917

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Directors' current accounts are interest free. Whilst they are repayable on demand, the directors have signified their intention not to require repayment until the company is in a position to do so.

7.	SHARE-BASED PAYMENT TRANSACTIONS

The company established an employee share option scheme during the period. Share options were issued to certain employees of the company's subsidiary who were invited to accept an exchange of options and to a director of the subsidiary. The options vested on the date of grant and are exercisable at a price equal to the market price of the company's shares on the date of grant. Options lapse if the option holder ceases to be employed by the group. Options are not exercisable later than ten years after the date of grant.

Options over 15,000 shares were issued during the period and remained outstanding at 31 October 2024. The weighted average exercise price was £3.32.