Unaudited Financial Statements for the Year Ended 30 April 2025

for

Lubnaig Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs F Casini

S Lolli

SECRETARY:

REGISTERED OFFICE:

Lubnaig House

Leny Feus

Callander

United Kingdom

FK17 8AS

REGISTERED NUMBER:

SC533039 (Scotland)

ACCOUNTANTS:

LMC Accountants Ltd

Chartered Accountants

73 Stirling Business Centre

Wellgreen Place

Stirling

FK8 2DZ

FIXED ASSETS

Tangible assets

4

403,413

411,959

CURRENT ASSETS

Cash at bank

13,029

19

CREDITORS

Amounts falling due within one year

5

372,255

436,560

NET CURRENT LIABILITIES

(359,226

)

(436,541

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,187

(24,582

)

CAPITAL AND RESERVES

Called up share capital

6

50

50

Retained earnings

7

44,137

(24,632

)

SHAREHOLDERS' FUNDS

44,187

(24,582

)

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 Property 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

and 30 April 2025

387,659

70,091

457,750

DEPRECIATION

At 1 May 2024

45,791

-

45,791

Charge for year

8,546

-

8,546

At 30 April 2025

54,337

-

54,337

NET BOOK VALUE

At 30 April 2025

333,322

70,091

403,413

At 30 April 2024

341,868

70,091

411,959

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

1

(2

)

Other creditors

372,254

436,562

372,255

436,560

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

50

Ordinary

£1

50

50

7.

RESERVES

Retained

earnings

£

At 1 May 2024

(24,632

)

Profit for the year

68,769

At 30 April 2025

44,137

8.	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

£

£

Mrs F Casini and S Lolli

Balance outstanding at start of year

(399,263

)

(435,292

)

Amounts advanced

64,338

36,029

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(334,925

)

(399,263

)

9.	RELATED PARTY DISCLOSURES

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

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the company directors..