REGISTERED NUMBER: SC642677 (Scotland)

MOR-RIOGHAIN LTD

Report of the Directors and

Financial Statements For The Period 1 October 2023 to 31 December 2024

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

G M Stevenson

Mrs A Stevenson

REGISTERED OFFICE:

1st Floor

Robertson House

Shore Street

Inverness

Highland

IV1 1NF

REGISTERED NUMBER:

SC642677 (Scotland)

ACCOUNTANTS:

The Long Partnership

1st Floor

Robertson House

Shore Street

Inverness

Highland

IV1 1NF

The directors present their report with the financial statements of the company for the period 1 October 2023 to 31 December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

G M Stevenson

Mrs A Stevenson

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

G M Stevenson - Director

29 September 2025

TURNOVER

51,277

80,517

Cost of sales

26,499

13,788

GROSS PROFIT

24,778

66,729

Administrative expenses

230,717

68,836

(205,939

)

(2,107

)

Other operating income

247,068

10,071

OPERATING PROFIT and

PROFIT BEFORE TAXATION

41,129

7,964

Tax on profit

7,984

1,513

PROFIT FOR THE FINANCIAL PERIOD

33,145

6,451

FIXED ASSETS

Intangible assets

4

5,000

5,000

Tangible assets

5

10,000

10,000

15,000

15,000

CURRENT ASSETS

Stocks

2,000

-

Debtors

6

30,214

19,678

Cash at bank and in hand

10,906

9,254

43,120

28,932

CREDITORS

Amounts falling due within one year

7

27,618

39,575

NET CURRENT ASSETS/(LIABILITIES)

15,502

(10,643

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,502

4,357

CREDITORS

Amounts falling due after more than one year

8

-

7,000

NET ASSETS/(LIABILITIES)

30,502

(2,643

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

30,492

(2,653

)

30,502

(2,643

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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 in accordance with the provisions applicable to companies subject to the small companies regime.

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:

G M Stevenson - Director

1.	STATUTORY INFORMATION

MOR-RIOGHAIN LTD 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 period 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 period 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 period was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2023

and 31 December 2024

5,000

NET BOOK VALUE

At 31 December 2024

5,000

At 30 September 2023

5,000

5.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 October 2023

and 31 December 2024

10,000

NET BOOK VALUE

At 31 December 2024

10,000

At 30 September 2023

10,000

6.

DEBTORS

31.12.24

30.9.23

£

£

Amounts falling due within one year:

Trade debtors

760

12,535

Amounts owed by group undertakings

12,606

-

Other debtors

8,419

7,143

21,785

19,678

Amounts falling due after more than one year:

Other debtors

8,429

-

Aggregate amounts

30,214

19,678

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.9.23

£

£

Trade creditors

2,241

16,199

Taxation and social security

10,444

1,513

Other creditors

14,933

21,863

27,618

39,575

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

30.9.23

£

£

Other creditors

-

7,000