IRIS Accounts Production v25.2.0.378 SC157655 director 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC157655 2024-03-31 SC157655 2025-03-31 SC157655 2024-04-01 2025-03-31 SC157655 2023-03-31 SC157655 2023-04-01 2024-03-31 SC157655 2024-03-31 SC157655 ns15:Scotland 2024-04-01 2025-03-31 SC157655 ns14:PoundSterling 2024-04-01 2025-03-31 SC157655 ns10:Director1 2024-04-01 2025-03-31 SC157655 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC157655 ns10:SmallEntities 2024-04-01 2025-03-31 SC157655 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC157655 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 SC157655 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC157655 ns10:FullAccounts 2024-04-01 2025-03-31 SC157655 ns10:CompanySecretary1 2024-04-01 2025-03-31 SC157655 ns10:RegisteredOffice 2024-04-01 2025-03-31 SC157655 ns5:CurrentFinancialInstruments 2025-03-31 SC157655 ns5:CurrentFinancialInstruments 2024-03-31 SC157655 ns5:Non-currentFinancialInstruments 2025-03-31 SC157655 ns5:Non-currentFinancialInstruments 2024-03-31 SC157655 ns5:ShareCapital 2025-03-31 SC157655 ns5:ShareCapital 2024-03-31 SC157655 ns5:RevaluationReserve 2025-03-31 SC157655 ns5:RevaluationReserve 2024-03-31 SC157655 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC157655 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 SC157655 ns5:LandBuildings ns5:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC157655 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-04-01 2025-03-31 SC157655 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-04-01 2025-03-31 SC157655 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 SC157655 ns5:PlantMachinery 2024-04-01 2025-03-31 SC157655 ns5:FurnitureFittings 2024-04-01 2025-03-31 SC157655 ns5:MotorVehicles 2024-04-01 2025-03-31 SC157655 ns5:ComputerEquipment 2024-04-01 2025-03-31 SC157655 ns5:LandBuildings 2024-03-31 SC157655 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-03-31 SC157655 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-03-31 SC157655 ns5:LeaseholdImprovements 2024-03-31 SC157655 ns5:LandBuildings 2024-04-01 2025-03-31 SC157655 ns5:LandBuildings 2025-03-31 SC157655 ns5:LandBuildings ns5:ShortLeaseholdAssets 2025-03-31 SC157655 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-03-31 SC157655 ns5:LeaseholdImprovements 2025-03-31 SC157655 ns5:LandBuildings 2024-03-31 SC157655 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-03-31 SC157655 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-03-31 SC157655 ns5:LeaseholdImprovements 2024-03-31 SC157655 ns5:PlantMachinery 2024-03-31 SC157655 ns5:FurnitureFittings 2024-03-31 SC157655 ns5:MotorVehicles 2024-03-31 SC157655 ns5:ComputerEquipment 2024-03-31 SC157655 ns5:PlantMachinery 2025-03-31 SC157655 ns5:FurnitureFittings 2025-03-31 SC157655 ns5:MotorVehicles 2025-03-31 SC157655 ns5:ComputerEquipment 2025-03-31 SC157655 ns5:PlantMachinery 2024-03-31 SC157655 ns5:FurnitureFittings 2024-03-31 SC157655 ns5:MotorVehicles 2024-03-31 SC157655 ns5:ComputerEquipment 2024-03-31 SC157655 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 SC157655 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 SC157655 ns5:Secured 2025-03-31 SC157655 ns5:Secured 2024-03-31 SC157655 ns5:RevaluationReserve 2024-03-31

REGISTERED NUMBER: SC157655 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CALEDONIAN DISCOVERY LIMITED

CALEDONIAN DISCOVERY LIMITED (REGISTERED NUMBER: SC157655) |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| CALEDONIAN DISCOVERY LIMITED |

COMPANY INFORMATION

For The Year Ended 31 March 2025

| DIRECTOR: | Martin Alan Balcombe

| SECRETARY: | Caroline Jane Balcombe

| REGISTERED OFFICE: | Unit 2

| Annat Point Industrial Estate

| Corpach

| Fort William

| PH33 7NA

| REGISTERED NUMBER: | SC157655 (Scotland)

| ACCOUNTANTS: | R A Clement Associates

| Chartered Accountants

| Argyll Square

| Oban

| Argyll

| PA34 4AZ

CALEDONIAN DISCOVERY LIMITED (REGISTERED NUMBER: SC157655) |

BALANCE SHEET

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 716,811 |  | 757,548 |  |

CURRENT ASSETS

Stocks | 400 |  | 350 |  |

Debtors | 5 | 2,836 |  | 3,135 |  |

Prepayments and accrued income | 10,179 |  | 5,471 |  |

Cash at bank and in hand | 69,968 |  | 69,440 |  |

83,383 |  | 78,396 |  |

CREDITORS

Amounts falling due within one year | 6 | 349,472 |  | 369,478 |  |

NET CURRENT LIABILITIES | (266,089 | ) | (291,082 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 450,722 |  | 466,466 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (3,362 | ) | (13,452 | ) |

PROVISIONS FOR LIABILITIES | (81,660 | ) | (81,508 | ) |

ACCRUALS AND DEFERRED INCOME | (51,437 | ) | (55,567 | ) |

NET ASSETS | 314,263 |  | 315,939 |  |

CAPITAL AND RESERVES

Called up share capital | 20,000 |  | 20,000 |  |

Revaluation reserve | 9 | 38,353 |  | 38,353 |  |

Retained earnings | 255,910 |  | 257,586 |  |

SHAREHOLDERS' FUNDS | 314,263 |  | 315,939 |  |

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 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.

CALEDONIAN DISCOVERY LIMITED (REGISTERED NUMBER: SC157655) |

BALANCE SHEET - continued

31 March 2025

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 5 November 2025 and were signed by:

Martin Alan Balcombe - Director

CALEDONIAN DISCOVERY LIMITED (REGISTERED NUMBER: SC157655) |

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Caledonian Discovery 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 as modified by the revaluation of certain assets.

| 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.

| Workshop | - | 10% on reducing balance

| Ros Crana | - | 4% on reducing balance

| Fingal | - | 6.67% on reducing balance

| Barge equipment | - | 20% on reducing balance

| Outdoor equipment | - | 33% on reducing balance

| Office equipment | - | 33% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Boats | - | 6.67% on reducing balance

| The depreciation charge is calculated on a monthly basis.

| 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.

CALEDONIAN DISCOVERY LIMITED (REGISTERED NUMBER: SC157655) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Government grants

| Grants received in respect of capital expenditure are credited to a deferred income account and are released to the profit and loss account over the expected useful life of the assets to which they relate. Revenue grants are credited to the profit and loss account in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 13 (2024 - 13 ) .

4. | TANGIBLE FIXED ASSETS

| Barge

| Workshop |  | Ros Crana |  | Fingal |  | equipment

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 24,733 |  | 550,000 |  | 300,000 |  | 79,172 |  |

| Additions | - |  | - |  | - |  | - |  |

| At 31 March 2025 | 24,733 |  | 550,000 |  | 300,000 |  | 79,172 |  |

| DEPRECIATION

| At 1 April 2024 | 17,480 |  | 80,332 |  | 73,545 |  | 57,948 |  |

| Charge for year | 725 |  | 18,787 |  | 15,105 |  | 4,245 |  |

| At 31 March 2025 | 18,205 |  | 99,119 |  | 88,650 |  | 62,193 |  |

| NET BOOK VALUE

| At 31 March 2025 | 6,528 |  | 450,881 |  | 211,350 |  | 16,979 |  |

| At 31 March 2024 | 7,253 |  | 469,668 |  | 226,455 |  | 21,224 |  |

| Outdoor |  | Office |  | Motor |

| equipment |  | equipment |  | vehicles |  | Boats |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 38,212 |  | 13,605 |  | 41,073 |  | 47,517 |  | 1,094,312 |  |

| Additions | 3,218 |  | - |  | - |  | - |  | 3,218 |  |

| At 31 March 2025 | 41,430 |  | 13,605 |  | 41,073 |  | 47,517 |  | 1,097,530 |  |

| DEPRECIATION

| At 1 April 2024 | 34,403 |  | 12,310 |  | 38,514 |  | 22,232 |  | 336,764 |  |

| Charge for year | 2,340 |  | 427 |  | 640 |  | 1,686 |  | 43,955 |  |

| At 31 March 2025 | 36,743 |  | 12,737 |  | 39,154 |  | 23,918 |  | 380,719 |  |

| NET BOOK VALUE

| At 31 March 2025 | 4,687 |  | 868 |  | 1,919 |  | 23,599 |  | 716,811 |  |

| At 31 March 2024 | 3,809 |  | 1,295 |  | 2,559 |  | 25,285 |  | 757,548 |  |

CALEDONIAN DISCOVERY LIMITED (REGISTERED NUMBER: SC157655) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS - continued

| Depreciation is calculated monthly.

| Fingal of Caledonia was revalued on the 19th November 2019 at £300k, Ros Crana was revalued on the same day at £550k.

| Cost or valuation at 31 March 2025 is represented by:

| Barge

| Workshop |  | Ros Crana |  | Fingal |  | equipment

£ | £ | £ | £ |

| Valuation in 2019 | - |  | 550,000 |  | 300,000 |  | - |  |

| Cost | 24,733 |  | - |  | - |  | 79,172 |  |

24,733 |  | 550,000 |  | 300,000 |  | 79,172 |  |

| Outdoor |  | Office |  | Motor |

| equipment |  | equipment |  | vehicles |  | Boats |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2019 | - |  | - |  | - |  | - |  | 850,000 |  |

| Cost | 41,430 |  | 13,605 |  | 41,073 |  | 47,517 |  | 247,530 |  |

41,430 |  | 13,605 |  | 41,073 |  | 47,517 |  | 1,097,530 |  |

| If the two barges had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 1,040,033 |  | 1,040,033 |  |

| Aggregate depreciation | 298,164 |  | 298,164 |  |

| The barges were valued on a fair market basis on 19 November 2019 by AC Surveying .

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 2,836 |  | 3,135 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Trade creditors | 54,593 |  | 67,618 |  |

| Other creditors | 284,879 |  | 291,860 |  |

349,472 |  | 369,478 |  |

CALEDONIAN DISCOVERY LIMITED (REGISTERED NUMBER: SC157655) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 3,362 |  | 13,452 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 13,362 |  | 23,452 |  |

| The company's bankers, the Clydesdale Bank PLC hold a Bond & Floating Charge over the company's assets,

9. | RESERVES

| Revaluation

| reserve

£ |

| At 1 April 2024

| and 31 March 2025 | 38,353 |  |