REGISTERED NUMBER: SC164740 (Scotland)

LANGASS LODGE LIMITED

Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N J Leveson-Gower

REGISTERED OFFICE:

Langass Lodge

Langass

Isle of North Uist

HS6 5HA

REGISTERED NUMBER:

SC164740 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Tangible assets

5

588,013

612,767

CURRENT ASSETS

Stocks

9,552

6,779

Debtors

6

-

417,616

Cash at bank and in hand

434,143

34,666

443,695

459,061

CREDITORS

Amounts falling due within one year

7

182,157

191,765

NET CURRENT ASSETS

261,538

267,296

TOTAL ASSETS LESS CURRENT LIABILITIES

849,551

880,063

CREDITORS

Amounts falling due after more than one year

8

(116,262

)

(112,929

)

ACCRUALS AND DEFERRED INCOME

(162,300

)

(170,100

)

NET ASSETS

570,989

597,034

CAPITAL AND RESERVES

Called up share capital

9

389,403

389,403

Retained earnings

10

181,586

207,631

SHAREHOLDERS' FUNDS

570,989

597,034

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 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

N J Leveson-Gower - Director

1.	STATUTORY INFORMATION

Langass Lodge Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements are rounded to the nearest £1.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Improvements to property

-

2% depreciation on cost

Fixtures and fittings

-

5% depreciation on cost

Motor vehicles

-

25% depreciation on reducing balance

Computer equipment

-

25% depreciation on cost

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 Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 19 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

738,538

280,707

91,366

4,627

1,115,238

Additions

-

14,718

400

-

15,118

At 31 March 2025

738,538

295,425

91,766

4,627

1,130,356

DEPRECIATION

At 1 April 2024

287,855

141,260

68,729

4,627

502,471

Charge for year

14,771

19,391

5,710

-

39,872

At 31 March 2025

302,626

160,651

74,439

4,627

542,343

NET BOOK VALUE

At 31 March 2025

435,912

134,774

17,327

-

588,013

At 31 March 2024

450,683

139,447

22,637

-

612,767

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

417,616

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,833

4,167

Trade creditors

38,218

49,647

Taxation and social security

12,747

40,082

Other creditors

125,359

97,869

182,157

191,765

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

6,667

Other creditors

116,262

106,262

116,262

112,929

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

389,403

Ordinary

1

389,403

389,403

10.

RESERVES

Retained

earnings

£

At 1 April 2024

207,631

Deficit for the year

(26,045

)

At 31 March 2025

181,586

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed it's director the sum of £106,262 (2023 : £98,262).

There are no other fixed repayment terms in relation to the loan, nor are there any interest charges in relation to the loan.