Company registration number: 04157526
Unaudited financial statements
for the year ended 31 March 2025
for
Lochshiel Limited
Pages for filing with the Registrar
Company registration number: 04157526
Lochshiel Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 1,029,465 1,000,599
Investments 5 2,971,131 3,137,705
4,000,596 4,138,304
Current assets
Debtors 133,161 42,207
Cash at bank and in hand 47,031 73,084
180,192 115,291
Creditors: amounts falling due within one
year 		(115,852) (78,907)
Net current assets 64,340 36,384
Total assets less current liabilities 4,064,936 4,174,688
NET ASSETS 4,064,936 4,174,688
Capital and reserves
Called up share capital 56,389 56,389
Revaluation reserve 454,503 454,503
Other reserves 2,741,863 2,741,863
Profit and loss account 812,181 921,933
TOTAL EQUITY 4,064,936 4,174,688
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04157526
Lochshiel Limited
Balance sheet - continued
as at 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 6 November 2025 and signed on its behalf by:
Mr C Corlett, Director
6 November 2025
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Lochshiel Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Lochshiel Limited is a private company registered in England and Wales. Its registered number is 04157526. The company is limited by shares. Its registered office is 1 Long Street, Tetbury, GL8 8AA.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 10 or 50 years
Plant and machinery etc.:
Plant and machinery - 10 years
Fixtures & fittings - 10 years
Motor vehicles - 10 years
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
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Lochshiel Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Government grants
Government/council grants received in period of £155,522 (shown as 'Other operating income' in accounts).

Council grants (for water system) £6,833
Forestry grants £148,689

Grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Critical accounting judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances
4 Average number of employees
During the year the average number of employees was 4 (2024 - 5).
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Lochshiel Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
5 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 April 2024 1,104,092 305,958 1,410,050
Additions 52,746 1,900 54,646
At 31 March 2025 1,156,838 307,858 1,464,696
Depreciation
At 1 April 2024 206,058 203,393 409,451
Charge for year 10,603 15,177 25,780
At 31 March 2025 216,661 218,570 435,231
Net book value
At 31 March 2025 940,177 89,288 1,029,465
At 31 March 2024 898,034 102,565 1,000,599
6 Fixed asset investments
Investments other than loans
Shares in
group
undertakings
and
participating
interests 		Other
investments
other than
loans 		Totals
£ £ £
Cost
At 1 April 2024 4 1,158,997 1,159,001
Additions - 248,030 248,030
Disposals - (276,053) (276,053)
Revaluations - 8,352 8,352
At 31 March 2025 4 1,139,326 1,139,330
Net book value
At 31 March 2025 4 1,139,326 1,139,330
At 31 March 2024 4 1,158,997 1,159,001
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Lochshiel Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
6 Fixed asset investments - continued
Investments other than loans - continued
Loans
Loans to
group
undertakings
and
participating
interests
£
At 1 April 2024 1,978,704
New in year 86,980
Repayment in year (233,883)
At 31 March 2025 1,831,801
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