Unaudited Financial Statements for the Year Ended 30 April 2025

for

Lubnaig S & F Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs F Casini

S Lolli

SECRETARY:

REGISTERED OFFICE:

Lubnaig House

Leny Feus

Callander

United Kingdom

FK17 8AS

REGISTERED NUMBER:

SC532978 (Scotland)

ACCOUNTANTS:

LMC Accountants Ltd

Chartered Accountants

73 Stirling Business Centre

Wellgreen Place

Stirling

FK8 2DZ

FIXED ASSETS

Tangible assets

4

31,421

41,171

CURRENT ASSETS

Debtors

5

53,240

50,213

Cash at bank

1,938

4,203

55,178

54,416

CREDITORS

Amounts falling due within one year

6

50,749

44,158

NET CURRENT ASSETS

4,429

10,258

TOTAL ASSETS LESS CURRENT LIABILITIES

35,850

51,429

CREDITORS

Amounts falling due after more than one year

7

1,242

8,692

NET ASSETS

34,608

42,737

CAPITAL AND RESERVES

Called up share capital

8

50

50

Retained earnings

9

34,558

42,687

SHAREHOLDERS' FUNDS

34,608

42,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 2 December 2025 and were signed on its behalf by:

Mrs F Casini - Director

1.	STATUTORY INFORMATION

Lubnaig S & F 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 2 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

168,549

Additions

724

At 30 April 2025

169,273

DEPRECIATION

At 1 May 2024

127,378

Charge for year

10,474

At 30 April 2025

137,852

NET BOOK VALUE

At 30 April 2025

31,421

At 30 April 2024

41,171

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

15,990

12,963

Other debtors

37,250

37,250

53,240

50,213

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

7,450

7,450

Trade creditors

1

1

Taxation and social security

4,863

4,282

Other creditors

38,435

32,425

50,749

44,158

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

1,242

8,692

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

50

Ordinary

£1

50

50

9.

RESERVES

Retained

earnings

£

At 1 May 2024

42,687

Deficit for the year

(7,129

)

Dividends

(1,000

)

At 30 April 2025

34,558

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

30.4.25

30.4.24

£

£

S Lolli

Balance outstanding at start of year

(16,159

)

(15,460

)

Amounts advanced

(2,979

)

(699

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(19,138

)

(16,159

)

Mrs F Casini

Balance outstanding at start of year

(16,159

)

(15,460

)

Amounts advanced

(2,979

)

(699

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(19,138

)

(16,159

)

11.	RELATED PARTY DISCLOSURES

The owners of Lubnaig S & F Limited are also the owners of Lubnaig Property Limited. The balance due to Lubnaig S & F Limited as at 30th April 2025 was £37,250 (2024 - £37,250).

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the company directors..