REGISTERED NUMBER: SC717194 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Loch Lomond Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Brown

REGISTERED OFFICE:

Scottcourt House

West Princes Street

Helensburgh

United Kingdom

G84 8BP

REGISTERED NUMBER:

SC717194 (Scotland)

ACCOUNTANTS:

Macleod Fulton

Scottcourt House

West Princes Street

Helensburgh

Argyll & Bute

G84 8BP

FIXED ASSETS

Tangible assets

4

30,919

11,731

CURRENT ASSETS

Stocks

42,000

47,000

Debtors

5

589

7,395

Cash at bank

50,747

5,006

93,336

59,401

CREDITORS

Amounts falling due within one year

6

90,448

69,296

NET CURRENT ASSETS/(LIABILITIES)

2,888

(9,895

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,807

1,836

CREDITORS

Amounts falling due after more than one year

7

13,602

-

NET ASSETS

20,205

1,836

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

20,204

1,835

20,205

1,836

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 director acknowledges his 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 director and authorised for issue on 4 September 2025 and were signed by:

G Brown - Director

1.	STATUTORY INFORMATION

Loch Lomond Developments 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.

Plant and machinery etc

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

20,855

Additions

29,495

At 31 December 2024

50,350

DEPRECIATION

At 1 January 2024

9,124

Charge for year

10,307

At 31 December 2024

19,431

NET BOOK VALUE

At 31 December 2024

30,919

At 31 December 2023

11,731

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

7,395

Other debtors

589

-

589

7,395

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

4,946

4,142

Trade creditors

13,789

5,981

Taxation and social security

27,792

15,289

Other creditors

43,921

43,884

90,448

69,296

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

13,602

-

8.	CONTINGENT LIABILITIES

As at 31 December 2024 the company had no contingent liabilities (2023 - £nil).

9.	CAPITAL COMMITMENTS

As at 31 December 2024 the company had no capital commitments (2023 - £nil).

10.	RELATED PARTY DISCLOSURES