REGISTERED NUMBER: SC252284 (Scotland)

KIRKLEA COTTAGES LIMITED

Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Macleod

SECRETARY:

Mrs C Macleod

REGISTERED OFFICE:

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

REGISTERED NUMBER:

SC252284 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Tangible assets

5

255,752

281,912

CURRENT ASSETS

Stocks

236

350

Debtors

6

88,639

37,489

Cash at bank and in hand

449

19,209

89,324

57,048

CREDITORS

Amounts falling due within one year

7

68,758

33,581

NET CURRENT ASSETS

20,566

23,467

TOTAL ASSETS LESS CURRENT LIABILITIES

276,318

305,379

CREDITORS

Amounts falling due after more than one year

8

(136,641

)

(140,719

)

ACCRUALS AND DEFERRED INCOME

(29,713

)

(36,570

)

NET ASSETS

109,964

128,090

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

109,963

128,089

SHAREHOLDERS' FUNDS

109,964

128,090

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 17 December 2025 and were signed by:

A J Macleod - Director

1.	STATUTORY INFORMATION

Kirklea Cottages 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.

Significant judgements and estimates

Significant judgements and estimates are applied in considering the relevant rates to be charged for depreciation in the financial statements be that as a result of estimating useful economic life or estimating residual value.

Turnover

Turnover represents the income from letting of furnished holiday accommodation, exclusive of VAT.

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

-

4% depreciation on cost

Fixtures and fittings

-

10% 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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

160,331

120,337

181,361

462,029

DEPRECIATION

At 1 April 2024

-

36,978

143,139

180,117

Charge for year

3,207

4,817

18,136

26,160

At 31 March 2025

3,207

41,795

161,275

206,277

NET BOOK VALUE

At 31 March 2025

157,124

78,542

20,086

255,752

At 31 March 2024

160,331

83,359

38,222

281,912

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

10

-

Other debtors

2,000

2,250

2,010

2,250

Amounts falling due after more than one year:

Amounts owed by associates

86,629

35,239

Aggregate amounts

88,639

37,489

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

52,208

5,500

Trade creditors

3,474

4,407

Taxation and social security

11,176

22,275

Other creditors

1,900

1,399

68,758

33,581

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

136,641

140,719

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed the sum of £86,629 (2024 : £35,239 by Hotel Hebrides Ltd.

No interest was charged on outstanding balances.

No fixed repayment terms have been entered into.

The company trading premises are owned by Mr Angus Macleod, director. Rent of £17,013 (2024: £18,560).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Macleod Hospitality Group Limited.

A J Macleod, director, is the ultimate controlling party.