Registration number: SC692628

Loch Rannoch Properties Limited

(Registration number: SC692628)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Ffixed assets
Tangible assets	4	10,200	20,400
Investment property	5	7,414,000	7,828,000
		7,424,200	7,848,400
Current assets
Debtors	6	458,344	116,925
Cash at bank and in hand		302	34,594
		458,646	151,519
Creditors: Amounts falling due within one year	7	(191,928)	(131,294)
Net current assets		266,718	20,225
Total assets less current liabilities		7,690,918	7,868,625
Creditors: Amounts falling due after more than one year	7	(6,410,401)	(6,693,663)
Provisions for liabilities		(598,102)	(495,568)
Net assets		682,415	679,394
Capital and reserves
Called up share capital		10	10
Other reserves		754,380	736,914
Retained earnings		(71,975)	(57,530)
Shareholders' funds		682,415	679,394

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

•

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

•

The director acknowledges his 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 the financial year and of its profit or loss for each financial year in accordancce 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.

Loch Rannoch Properties Limited

(Registration number: SC692628)
Balance Sheet as at 31 March 2025 (continued)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 December 2025
 

......................................... W Frame Director

Loch Rannoch Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
55 Commissioner Street
Crieff
Perthshire
PH7 3AY

These financial statements were authorised for issue by the director on 23 December 2025.

2	Accounting policies

Statement of compliance

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The exemptions under section 1A regarding cashflow statement and under s414B of the Companies Act regarding the strategic report have been taken this year.
 

Going concern

After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Loch Rannoch Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs which are directly attributable in bringing the asset to its location and condition so that it is capable of operating in the manner intedned by management. Depreciation is provided on all tangible fixed assets at rates which are calculated to write off the cost, less estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deductiong the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its usefule life), of each asset on a systemetic basis over its expected useful life as follows:

Computer equipments - 33% on straight line
Fixtures & fittings - 20% on straight line

Profit and losses on disposal of fised assets are included in the calculation of profit fro the period. The directors assess the company's tangible assets for evidence of impairment at each reporting date. Where there are indicators of impairment, the directors calculate the recoverable amount of the asset(s) and compare thsi with the carrying amount. If the recoverable is lower than the carrying amount, the asset is written down to the recoverable amount by way of an impairment loss which is recognised in profit or loss for the period. Impairment losses are reversed when there is evidence that the reasons given rise to the original impairment have ceased to apply. Impairment losses are reversed through profit and loss but only to the extent that the reversal does not increase the acrryingamount of the asset to the amount which would have been stated, net of depreciation, had no impairment loss been recognised.

Investment property

Investment property is accounted for under FRS 102, Section 16 Investment Property. Investement property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit and loss.

Loch Rannoch Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditoirs, bank loans, hire purchase and directors loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are asessed at the end of each reporting period for objective evidence of impariment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of Income and Retained Earnings.
 

Revenue recognition

Turnover comprises the fair value of any consideration received or recievable for services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entitiy.

Tax

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Loch Rannoch Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods and is recognised in respect of all timing differences; although with certain exceptions. Timing differences are differences between taxable profit and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recoverable against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on investment property (and other non-depreciable tangible fixed assets) is measured using the tax rates and allowances which will apply to the sale of the asset. Amounts of current and deferred tax are generally recognised in profit or loss, except when they relate to items which are recognised in other comprehensive income or directly in equity and in such cases the amounts are also recognised in other comprehensive income or equity as the case may be.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Loch Rannoch Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	51,000	51,000
At 31 March 2025	51,000	51,000
Depreciation
At 1 April 2024	30,600	30,600
Charge for the year	10,200	10,200
At 31 March 2025	40,800	40,800
Carrying amount
At 31 March 2025	10,200	10,200
At 31 March 2024	20,400	20,400

5	Investment properties

	2025 £
At 1 April	7,828,000
Disposals	(534,000)
Fair value adjustments	120,000
At 31 March	7,414,000

The investment properties have been valued on the basis of a valuation report undertaken by Graham & Sibbald, Chartered Surveyors in October 2024. The director considers this to be an accurate reflection of the fair market value of the properties at the year end.

The historical cost of investment properties as at 31 March 2025 was £3,436,454 (2023: £3,914,612).

Loch Rannoch Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6

Debtors

	2025 £	2024 £
Other debtors	454,737	112,640
Prepayments	3,607	4,285
	458,344	116,925

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	11,804	4,353
Accruals and deferred income	11,431	3,113
Other creditors	168,693	123,828
	191,928	131,294

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	4,720,978	4,848,066
Other non-current financial liabilities		1,689,423	1,845,597
		6,410,401	6,693,663