REGISTERED NUMBER: SC488315 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HIGHLAND BUSINESS SUITES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Dow

Ms J Lister

REGISTERED OFFICE:

The Green House

Beechwood Business Park North

Inverness

Inverness-Shire

IV2 3BL

REGISTERED NUMBER:

SC488315 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

Royal Bank of Scotland

29 Harbour Road

Inverness

IV1 1NU

SOLICITORS:

Anderson Shaw & Gilbert

York House

20 Church Street

Inverness

IV1 1ED

FIXED ASSETS

Intangible assets

4

2,206

4,009

Tangible assets

5

1,475,337

1,558,672

1,477,543

1,562,681

CURRENT ASSETS

Debtors

6

35,785

19,416

Cash at bank and in hand

33,188

28,100

68,973

47,516

CREDITORS

Amounts falling due within one year

7

66,755

75,484

NET CURRENT ASSETS/(LIABILITIES)

2,218

(27,968

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,479,761

1,534,713

CREDITORS

Amounts falling due after more than one year

8

1,714,288

1,864,433

NET LIABILITIES

(234,527

)

(329,720

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(234,627

)

(329,820

)

SHAREHOLDERS' FUNDS

(234,527

)

(329,720

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 24 September 2025 and were signed on its behalf by:

H Dow - Director

1.	STATUTORY INFORMATION

Highland Business Suites 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The company meets its day to day working capital requirements through Directors loans. The Directors will continue to support the company until sufficient profitability is achieved and on this basis consider it appropriate to prepare the accounts on a going concern basis.

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 2014, is now fully amortised after its estimated useful life of five 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.

Computer software is being amortised evenly over its 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.

Heritable property

-

at varying rates on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 3 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

150,000

9,015

159,015

AMORTISATION

At 1 April 2024

150,000

5,006

155,006

Charge for year

-

1,803

1,803

At 31 March 2025

150,000

6,809

156,809

NET BOOK VALUE

At 31 March 2025

-

2,206

2,206

At 31 March 2024

-

4,009

4,009

5.	TANGIBLE FIXED ASSETS

Heritable

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

2,046,787

604,742

-

16,307

2,667,836

Additions

9,501

3,020

6,667

-

19,188

At 31 March 2025

2,056,288

607,762

6,667

16,307

2,687,024

DEPRECIATION

At 1 April 2024

528,231

567,503

-

13,430

1,109,164

Charge for year

82,252

17,516

1,667

1,088

102,523

At 31 March 2025

610,483

585,019

1,667

14,518

1,211,687

NET BOOK VALUE

At 31 March 2025

1,445,805

22,743

5,000

1,789

1,475,337

At 31 March 2024

1,518,556

37,239

-

2,877

1,558,672

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

16,356

9,575

Other debtors

19,429

9,841

35,785

19,416

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

21,631

42,222

Trade creditors

1,327

6,408

Taxation and social security

23,568

14,005

Other creditors

20,229

12,849

66,755

75,484

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

101,417

187,827

Other creditors

1,612,871

1,676,606

1,714,288

1,864,433

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

18,940

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

123,048

230,049

The bank loan is secured by standard security and a bond and floating charge over the assets of the company.

10.	RELATED PARTY DISCLOSURES

Included in Other creditors at 31 March 2025 is a loan due to a company controlled by one of the directors amounting to £1,377,396 (2024: £1,357,040). The loan is unsecured and repayable on demand. Interest is payable at 1.5% per annum.