REGISTERED NUMBER: SC104215 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Latoak Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B G Peacock

SECRETARY:

B G Peacock

REGISTERED OFFICE:

Pomillan

61 Stepends Road

Kilmacolm

Renfrewshire

PA13 4TD

REGISTERED NUMBER:

SC104215 (Scotland)

ACCOUNTANTS:

McEwen & Company CA

2 Broadcroft

Kirkintilloch

Glasgow

G66 1HP

FIXED ASSETS

Tangible assets

4

2,594

3,925

Investment property

5

675,000

675,000

677,594

678,925

CURRENT ASSETS

Debtors

6

15,024

15,013

Prepayments and accrued income

7,568

7,893

Cash at bank

37,271

31,533

59,863

54,439

CREDITORS

Amounts falling due within one year

7

70,574

83,544

NET CURRENT LIABILITIES

(10,711

)

(29,105

)

TOTAL ASSETS LESS CURRENT LIABILITIES

666,883

649,820

PROVISIONS FOR LIABILITIES

113,377

113,568

NET ASSETS

553,506

536,252

CAPITAL AND RESERVES

Called up share capital

10

10

Revaluation reserve

8

486,311

486,311

Retained earnings

67,185

49,931

SHAREHOLDERS' FUNDS

553,506

536,252

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

B G Peacock - Director

1.	STATUTORY INFORMATION

Latoak 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.

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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

87,761

DEPRECIATION

At 1 April 2024

83,836

Charge for year

1,331

At 31 March 2025

85,167

NET BOOK VALUE

At 31 March 2025

2,594

At 31 March 2024

3,925

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

675,000

NET BOOK VALUE

At 31 March 2025

675,000

At 31 March 2024

675,000

The Investment Property was revalued in September 2005 by Jones Lang La Salle , Chartered Surveyors , at an open market value of £675,000. The Director is of the opinion that the valuation is still current.

The historic cost of the property revalued was £78,850.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

15,024

15,013

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

957

-

Taxation and social security

17,642

11,941

Other creditors

51,975

71,603

70,574

83,544

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

486,311

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B G Peacock.