Taymouth Marina Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC259881

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		727,726		742,778

			727,726		742,778
CURRENT ASSETS
Stocks	5	25,511		18,772
Debtors	6	383,991		197,492
Cash at bank and in hand		121,130		334,269

		530,632		550,533
Creditors: Amounts Falling Due Within One Year	7	(881,132 )		(869,405 )

NET CURRENT ASSETS (LIABILITIES)			(350,500 )		(318,872 )

TOTAL ASSETS LESS CURRENT LIABILITIES			377,226		423,906

Creditors: Amounts Falling Due After More Than One Year	8		(92,953 )		(179,880 )

NET ASSETS			284,273		244,026

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			284,173		243,926

SHAREHOLDERS' FUNDS			284,273		244,026

Page 1

Page 2

Taymouth Marina Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Eric Strickland

Director

16 May 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Taymouth Marina Limited is a private company, limited by shares, incorporated in Scotland, registered number SC259881 . The registered office is 21-23 Bank Street Bank Street, Aberfeldy, PH15 2BB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20%
Plant & Machinery	20%
Motor Vehicles	25%
Fixtures & Fittings	15%
Computer Equipment	25%

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 69 (2024: 62)

Page 3

Page 4

Taymouth Marina Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	726,500	50,080	364,649	3,077	1,144,306
Additions	90,564	-	78,167	2,647	171,378

As at 31 March 2025	817,064	50,080	442,816	5,724	1,315,684

Depreciation
As at 1 April 2024	213,893	28,952	157,310	1,373	401,528
Provided during the period	120,522	5,351	57,101	3,456	186,430

As at 31 March 2025	334,415	34,303	214,411	4,829	587,958

Net Book Value
As at 31 March 2025	482,649	15,777	228,405	895	727,726

As at 1 April 2024	512,607	21,128	207,339	1,704	742,778

5. Stocks

	2025	2024
	£	£
Stocks	25,511	18,772

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	(30,534 )	(38,165 )
Prepayments and accrued income	100,726	173,635
Other debtors	6,871	76,016
Strathtay Developments Ltd	306,928	(13,994 )

	383,991	197,492

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	62,940	42,967
Trade creditors	139,531	168,352
Other taxes and social security	28,833	21,361
VAT	71,391	65,029
Other creditors	619,679	512,198
Accruals and deferred income	89,526	142,201
Directors' loan accounts	24,473	26,075
McKenzie Strickland Ltd	(147,888 )	(113,157 )
Northwood Portfolio Ltd	(7,353 )	4,379

	881,132	869,405

Page 4

Page 5

Taymouth Marina Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	92,953	179,880

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	62,940	42,967
Later than one year and not later than five years	92,953	179,880

	155,893	222,847

	155,893	222,847

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

Included within debtors at the year end was an amount of £306,927.77 (2024 £-13,993.92) due from Strathtay Developments Ltd, a company in which EM Strickland is a director. The balance is unsecured, interest free and repayable on demand.

Included within debtors at the year end was an amount of £117,888.30 (2024 £ 113,156.64) due to Mckenzie Strickland Associates Ltd, a company in which EM Strickland and N Strickland are directors. The balance is unsecured, interest free and repayable on demand.

Page 5