REGISTERED NUMBER: SC097373 (Scotland)

Financial Statements for the Year Ended 31st March 2025

for

Highland Opportunity Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

J M Hendry

Secretary:

S Fraser

Registered office:

Highland Council Headquarters

Glenurquhart Road

Inverness

IV3 5NX

Registered number:

SC097373 (Scotland)

Auditors:

Frame Kennedy Ltd

4th Floor Metropolitan House

31-33 High Street

Inverness

IV1 1HT

Fixed assets

Investments

4

1

1

Creditors

Amounts falling due within one year

5

29,731

29,731

Net current liabilities

(29,731

)

(29,731

)

Total assets less current liabilities

(29,730

)

(29,730

)

Reserves

Income and expenditure account

(29,730

)

(29,730

)

Members' funds

(29,730

)

(29,730

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th December 2025 and were signed by:

J M Hendry - Director

1.	Statutory information

Highland Opportunity Limited is a private company, limited by guarantee , 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fair value

Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3.	Employees and directors

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

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1st April 2024

and 31st March 2025

1

Net book value

At 31st March 2025

1

At 31st March 2024

1

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Amounts owed to group undertakings

29,731

29,731

6.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Stuart McMartin B.Sc. FCA (Senior Statutory Auditor)

for and on behalf of Frame Kennedy Ltd

7.	FRC Ethical Standard - provisions available for small entities

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

8.	Ultimate controlling party

The controlling party is The Highland Council.

9.	Limited by guarantee

The company has no share capital but the liability of the members is limited by guarantee. In the event

of the company being wound up the liability of each member is limited to £100. If there should be a

residue of funds after winding-up this will be divided amongst the members in the proportion in which

they contributed funds to the company.