REGISTERED NUMBER: SC716363 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

LIME TREE PROPERTY HOLDINGS (HIGHLAND)

LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N A Lewis

REGISTERED OFFICE:

15 Carsewell Steadings

Alves

Nr Elgin

Moray

IV30 8UE

REGISTERED NUMBER:

SC716363 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

FIXED ASSETS

Intangible assets

4

48,875

51,750

Tangible assets

5

1,002,459

966,979

1,051,334

1,018,729

CURRENT ASSETS

Stocks

3,044

-

Debtors

6

29,618

39,324

Cash at bank and in hand

28,661

31,638

61,323

70,962

CREDITORS

Amounts falling due within one year

7

72,566

34,290

NET CURRENT (LIABILITIES)/ASSETS

(11,243

)

36,672

TOTAL ASSETS LESS CURRENT LIABILITIES

1,040,091

1,055,401

CREDITORS

Amounts falling due after more than one year

8

964,859

1,454,832

NET ASSETS/(LIABILITIES)

75,232

(399,431

)

CAPITAL AND RESERVES

Called up share capital

100

100

Long Term Director's Loan

500,000

-

Retained earnings

(424,868

)

(399,531

)

SHAREHOLDERS' FUNDS

75,232

(399,431

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 9 October 2025 and were signed by:

N A Lewis - Director

1.	STATUTORY INFORMATION

Lime Tree Property Holdings (Highland) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

50% on cost

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.

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 20 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2023

and 30 November 2024

57,500

AMORTISATION

At 1 December 2023

5,750

Amortisation for year

2,875

At 30 November 2024

8,625

NET BOOK VALUE

At 30 November 2024

48,875

At 30 November 2023

51,750

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 December 2023

915,692

-

115,365

856

1,031,913

Additions

-

8,010

71,020

-

79,030

At 30 November 2024

915,692

8,010

186,385

856

1,110,943

DEPRECIATION

At 1 December 2023

32,827

-

31,679

428

64,934

Charge for year

18,314

1,602

23,206

428

43,550

At 30 November 2024

51,141

1,602

54,885

856

108,484

NET BOOK VALUE

At 30 November 2024

864,551

6,408

131,500

-

1,002,459

At 30 November 2023

882,865

-

83,686

428

966,979

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

625

-

Other debtors

28,993

39,324

29,618

39,324

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

30,293

24,139

Taxation and social security

33,517

8,143

Other creditors

8,756

2,008

72,566

34,290

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

964,859

1,454,832