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Company No: SC517077 (Scotland)

# CALEDONIAN HIGHVIEW LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 07 JANUARY 2025
PAGES FOR FILING WITH THE REGISTRAR

CALEDONIAN HIGHVIEW LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 07 JANUARY 2025

Contents

CALEDONIAN HIGHVIEW LIMITED

## BALANCE SHEET

AS AT 07 JANUARY 2025
CALEDONIAN HIGHVIEW LIMITED

## BALANCE SHEET (continued)

AS AT 07 JANUARY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 0 |  | 5,000
Tangible assets | 4 | 2,866,337 |  | 2,547,363
|  | 2,866,337 |  | 2,552,363
Current assets |  |  |  |
Debtors | 5 | 405,571 |  | 397,351
Cash at bank and in hand |  | 10,368 |  | 5,141
|  | 415,939 |  | 402,492
Creditors: amounts falling due within one year | 6 | ( 1,623,154) |  | ( 1,329,628)
Net current liabilities |  | (1,207,215) |  | (927,136)
Total assets less current liabilities |  | 1,659,122 |  | 1,625,227
Creditors: amounts falling due after more than one year | 7 | ( 743,942) |  | ( 759,948)
Provision for liabilities | 8 | ( 116,349) |  | ( 111,858)
Net assets |  | 798,831 |  | 753,421
Capital and reserves |  |  |  |
Called-up share capital | 9 | 1 |  | 1
Profit and loss account |  | 798,830 |  | 753,420
Total shareholder's funds |  | 798,831 |  | 753,421

For the financial year ending 07 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Caledonian Highview Limited (registered number: SC517077) were approved and authorised for issue by the Director on 07 October 2025. They were signed on its behalf by:

Andrew Iain Simpson Director |

CALEDONIAN HIGHVIEW LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 07 JANUARY 2025
CALEDONIAN HIGHVIEW LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 07 JANUARY 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Caledonian Highview Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Highview House, 3a Inshes Holdings, Inverness, IV2 5BA, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

These financial statements have been prepared on a going concern basis. The company generates profits, however has net current liabilities at the year end of £1,207,215 (2024 - £927,136) therefore it is reliant on the ongoing support of the bank as well as the group and connected companies. The parent is committed to supporting the company and ensuring that liabilities are met as they fall due.
The group of which the company is a member, is funded through a combination of shareholder funds, secured bank facilities and cash generated through operating profits. Consequently, the director considers the going concern basis to remain appropriate.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 3 years straight line
Website costs | 3 years straight line

###### Goodwill

Goodwill has been fully amortised on a straight line basis over its useful economic life.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Vehicles | 10 years straight line
Fixtures and fittings | 25 % reducing balance
| 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charges to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand,.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.
A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 12 |  | 11

#### 3. Intangible assets

| Goodwill |  | Website costs |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 08 January 2024 | 50,000 |  | 15,000 |  | 65,000
At 07 January 2025 | 50,000 |  | 15,000 |  | 65,000
Accumulated amortisation |  |  |  |  |
At 08 January 2024 | 50,000 |  | 10,000 |  | 60,000
Charge for the financial year | 0 |  | 5,000 |  | 5,000
At 07 January 2025 | 50,000 |  | 15,000 |  | 65,000
Net book value |  |  |  |  |
At 07 January 2025 | 0 |  | 0 |  | 0
At 07 January 2024 | 0 |  | 5,000 |  | 5,000

#### 4. Tangible assets

| Land and buildings |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 08 January 2024 | 753,957 |  | 1,800,947 |  | 434,674 |  | 2,989,578
Additions | 12,800 |  | 752,854 |  | 793 |  | 766,447
Disposals | 0 |  | ( 282,850) |  | 0 |  | ( 282,850)
At 07 January 2025 | 766,757 |  | 2,270,951 |  | 435,467 |  | 3,473,175
Accumulated depreciation |  |  |  |  |  |  |
At 08 January 2024 | 0 |  | 300,890 |  | 141,325 |  | 442,215
Charge for the financial year | 0 |  | 192,620 |  | 43,977 |  | 236,597
Disposals | 0 |  | ( 71,974) |  | 0 |  | ( 71,974)
At 07 January 2025 | 0 |  | 421,536 |  | 185,302 |  | 606,838
Net book value |  |  |  |  |  |  |
At 07 January 2025 | 766,757 |  | 1,849,415 |  | 250,165 |  | 2,866,337
At 07 January 2024 | 753,957 |  | 1,500,057 |  | 293,349 |  | 2,547,363

Included in land and buildings is land with carrying value of £766,757 (2024 - £753,597) that is not depreciated.
Land and buildings are valued on a historic cost basis.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 982 |  | 6,606
Amounts owed by related parties | 372,350 |  | 383,206
Prepayments | 7,892 |  | 1,492
Other debtors | 24,347 |  | 6,047
| 405,571 |  | 397,351

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 48,605 |  | 28,627
Amounts owed to related parties | 907,577 |  | 649,590
Accruals and deferred income | 57,117 |  | 82,063
Taxation and social security | 103,265 |  | 122,924
Obligations under finance leases and hire purchase contracts | 500,329 |  | 435,067
Other creditors | 6,261 |  | 11,357
| 1,623,154 |  | 1,329,628

Amounts due under finance leases and hire purchase agreements are secured against the assets to which they relate.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts | 743,942 |  | 759,948

Amounts due under finance leases and hire purchase agreements are secured against the assets to which they relate.

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 111,858) |  | ( 75,181)
Charged to the Profit and Loss Account | ( 4,491) |  | ( 36,677)
At the end of financial year | ( 116,349) |  | ( 111,858)

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1

#### 10. Related party transactions

The company has taken advantage of the FRS 102 1AC.35 exemption available to those group entities that are 100% owned by the parent entity.
At the year end the company was due £907,577 (2024 - £649,590) to Simpson Highview Limited.
The director A I Simpson is also a director of Simpson Highview Limited.

#### 11. Ultimate controlling party

Parent Company:

Highview Property Limited
Highview House, Inshes, Inverness, Inverness-Shire, IV2 5BA.