ACCOUNTS - Final Accounts preparation

Registered number: SC047896

HIGHLAND HOLIDAYS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

HIGHLAND HOLIDAYS LIMITED

COMPANY INFORMATION

Directors	Andrew Campbell
	Irene Campbell
	Keith Campbell
	Christopher Robert Mccready
	Fiona Campbell (appointed 24 November 2025)


Company secretary	Irene Campbell


Registered number	SC047896


Registered office	14 City Quay
	Dundee
	DD1 3JA


Accountants	EQ Accountants Limited
	Chartered Accountants
	14 City Quay
	Dundee
	DD1 3JA

HIGHLAND HOLIDAYS LIMITED

REGISTERED NUMBER: SC047896

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
		£		£

Fixed assets
Tangible assets	4		8,252,559		8,332,060
			8,252,559		8,332,060
Current assets
Stocks		89,770		112,428
Debtors: amounts falling due within one year	5	644,614		1,443,609
Cash at bank and in hand		66,685		122,184
		801,069		1,678,221
Creditors: amounts falling due within one year	6	(3,698,333)		(3,651,486)
Net current liabilities			(2,897,264)		(1,973,265)
Total assets less current liabilities			5,355,295		6,358,795
Creditors: amounts falling due after more than one year	7		(4,021,828)		(4,650,949)

Net assets			1,333,467		1,707,846

Capital and reserves
Called up share capital	8		100		100
Profit and loss account			1,333,367		1,707,746
			1,333,467		1,707,846

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HIGHLAND HOLIDAYS LIMITED

REGISTERED NUMBER: SC047896

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 December 2025.

Keith Campbell

Director

The notes on pages 3 to 8 form part of these financial statements.

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HIGHLAND HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Highland Holidays Limited is a private company, limited by shares, domiciled in Scotland with the registration number SC047896. The registered office is 14 City Quay, Dundee, DD1 3JA.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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HIGHLAND HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

				Heritable property	-	2%	Straight Line
				Hire Fleet	-	10%	Straight Line
				Plant and machinery	-	25%	Straight Line
				Motor vehicles	-	25%	Straight Line
				Fixtures and fittings	-	20%	Straight Line
				Computer equipment	-	33%	Straight Line
				Site improvements	-	2%	Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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HIGHLAND HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.

Employees

The average monthly number of employees, including directors, during the year was 50 (2024 - 45).

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		HIGHLAND HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

	4.	Tangible fixed assets

		Heritable property	Hire Fleet	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Site Improvements	Total
		£	£	£	£	£	£	£	£
	Cost or valuation
	At 1 April 2024	1,894,592	5,307,709	487,589	66,086	602,478	109,960	2,004,976	10,473,390
	Additions	-	613,138	87,177	-	7,521	13,454	117,767	839,057
	Disposals	-	(42,957)	-	-	(188,160)	(34,623)	-	(265,740)
	At 31 March 2025	1,894,592	5,877,890	574,766	66,086	421,839	88,791	2,122,743	11,046,707
	Depreciation
	At 1 April 2024	202,525	1,236,286	181,076	49,579	332,479	80,774	58,611	2,141,330
	Charge for the year on owned assets	35,274	576,427	132,438	9,576	84,232	25,264	41,093	904,304
	Disposals	-	(28,709)	-	-	(188,159)	(34,618)	-	(251,486)
	At 31 March 2025	237,799	1,784,004	313,514	59,155	228,552	71,420	99,704	2,794,148
	Net book value
	At 31 March 2025	1,656,793	4,093,886	261,252	6,931	193,287	17,371	2,023,039	8,252,559
	At 31 March 2024	1,692,067	4,071,423	306,513	16,507	269,999	29,186	1,946,365	8,332,060

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HIGHLAND HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.

Debtors

					2025	2024
					£	£


	Trade debtors	109,767	321,900
	Other debtors	462,853	1,072,520
	Prepayments and accrued income	71,994	49,189
		644,614	1,443,609

6.	Creditors: Amounts falling due within one year
					2025	2024
					£	£

	Credit card and overdraft	133,124	13,734
	Bank loans	10,462	10,204
	Trade creditors	666,292	799,780
	Amounts owed to group undertakings	1,080,404	1,099,603
	Other taxation and social security	207,858	49,055
	Obligations under finance lease and hire purchase contracts	699,117	528,903
	Other creditors	191,971	419,888
	Accruals and deferred income	709,105	730,319
		3,698,333	3,651,486

7.	Creditors: Amounts falling due after more than one year
					2025	2024
					£	£

	Bank loans	1,757	12,231
	Net obligations under finance leases and hire purchase contracts	1,052,933	1,420,885
	Other creditors	2,967,138	3,217,833
		4,021,828	4,650,949

Hire purchase liabilities are secured over the assets to which they relate.

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HIGHLAND HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

8.	Share capital
					2025	2024
					£	£

		Allotted, called up and fully paid

		100 (2024 - 100) Ordinary shares of £1.00 each	100	100

9.	Ultimate parent undertaking

The company is a 100% subsidiary of Highland Holidays Group Limited which has its registered office at 14 City Quay, Dundee, DD1 3JA.

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