REGISTERED NUMBER: 00296782 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Lochluichart Estate Company Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R G Beckett

I H Leslie Melville

J I Leslie Melville

P James

T M Nelson

SECRETARY:

J Shackleton

REGISTERED OFFICE:

4 Felstead Gardens

Ferry Street

London

E14 3BS

REGISTERED NUMBER:

00296782 (England and Wales)

ACCOUNTANTS:

Highland Accountancy Practice

Chartered Accountants

Suite 1A, Willow House

Stoneyfield Business Park

Inverness

Highland

IV2 7PA

FIXED ASSETS

Intangible assets

4

150,000

150,000

Tangible assets

5

1,406,197

1,159,125

Investment property

6

746,384

932,980

2,302,581

2,242,105

CURRENT ASSETS

Stocks

16,750

18,280

Debtors

118,895

128,592

Cash at bank and in hand

580,528

454,647

716,173

601,519

CREDITORS

Amounts falling due within one year

562,420

585,394

NET CURRENT ASSETS

153,753

16,125

TOTAL ASSETS LESS CURRENT LIABILITIES

2,456,334

2,258,230

PROVISIONS FOR LIABILITIES

51,530

-

NET ASSETS

2,404,804

2,258,230

CAPITAL AND RESERVES

Called up share capital

26,000

26,000

Capital Reserve

138,212

138,212

Other Reserves

746,384

932,980

Retained earnings

1,494,208

1,161,038

SHAREHOLDERS' FUNDS

2,404,804

2,258,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 December 2025 and were signed on its behalf by:

I H Leslie Melville - Director

1.	STATUTORY INFORMATION

Lochluichart Estate Company Limited is a private company, limited by shares , registered in England and Wales. 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.

Fishing rights

The directors consider there to be no requirement to amortise the fishing rights as the rights to fish are not depleted in any way over time.

Tangible fixed assets

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

Freehold Land

-

not provided

Buildings & Improvements

-

2% on cost

Plant and Machinery

-

15% on reducing balance

Fixtures and Fittings

-

15% on reducing balance

Vehicles and Tractors

-

25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

Investment property

This represents the net present value of a lease given to a wind farm. It was independently valued and is annually impaired to write the value off over the remaining life of the lease. Such impairments and other changes to fair value are reflected in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

150,000

NET BOOK VALUE

At 31 March 2025

150,000

At 31 March 2024

150,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

1,426,099

Additions

369,076

Disposals

(67,619

)

At 31 March 2025

1,727,556

DEPRECIATION

At 1 April 2024

266,974

Charge for year

94,545

Eliminated on disposal

(40,160

)

At 31 March 2025

321,359

NET BOOK VALUE

At 31 March 2025

1,406,197

At 31 March 2024

1,159,125

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

932,980

Impairments

(186,596

)

At 31 March 2025

746,384

NET BOOK VALUE

At 31 March 2025

746,384

At 31 March 2024

932,980

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

J I Leslie Melville

Balance outstanding at start of year

(440,783

)

(440,783

)

Amounts advanced

10,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(430,783

)

(440,783

)

I H Leslie Melville

Balance outstanding at start of year

(20,570

)

(168,527

)

Amounts advanced

84,018

268,578

Amounts repaid

(65,363

)

(120,621

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,915

)

(20,570

)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is J I Leslie Melville.