REGISTERED NUMBER: SC769557 (Scotland)

Heart of Glencoe Ltd

Financial Statements For The Year Ended 31 May 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms C A Trebilco

P L McLean

REGISTERED OFFICE:

Leacantuim

Glencoe

Ballachulish

Highland

PH49 4HX

REGISTERED NUMBER:

SC769557 (Scotland)

ACCOUNTANTS:

The Long Partnership

1st Floor

Robertson House

Shore Street

Inverness

Highland

IV1 1NF

FIXED ASSETS

Intangible assets

4

141,109

184,509

Tangible assets

5

599,116

637,773

740,225

822,282

CURRENT ASSETS

Debtors

6

3,500

-

Cash at bank

110,971

57,208

114,471

57,208

CREDITORS

Amounts falling due within one year

7

388,964

352,504

NET CURRENT LIABILITIES

(274,493

)

(295,296

)

TOTAL ASSETS LESS CURRENT LIABILITIES

465,732

526,986

CREDITORS

Amounts falling due after more than one year

8

(452,489

)

(541,613

)

PROVISIONS FOR LIABILITIES

(29,380

)

(36,725

)

NET LIABILITIES

(16,137

)

(51,352

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(16,139

)

(51,354

)

(16,137

)

(51,352

)

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

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

Ms C A Trebilco - Director

1.	STATUTORY INFORMATION

Heart of Glencoe 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 0, is being amortised evenly over its estimated useful life of nil 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.

Equipment

-

20% on reducing balance

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.

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 5 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

217,000

AMORTISATION

At 1 June 2024

32,491

Charge for year

43,400

At 31 May 2025

75,891

NET BOOK VALUE

At 31 May 2025

141,109

At 31 May 2024

184,509

5.	TANGIBLE FIXED ASSETS

Land and

buildings

Equipment

Totals

£

£

£

COST

At 1 June 2024

and 31 May 2025

444,485

227,377

671,862

DEPRECIATION

At 1 June 2024

-

34,089

34,089

Charge for year

-

38,657

38,657

At 31 May 2025

-

72,746

72,746

NET BOOK VALUE

At 31 May 2025

444,485

154,631

599,116

At 31 May 2024

444,485

193,288

637,773

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Other debtors

3,500

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

49,426

14,592

Trade creditors

644

1,287

Taxation and social security

22,083

17,490

Other creditors

316,811

319,135

388,964

352,504

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

452,489

541,613

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

254,786

483,243