REGISTERED NUMBER: 14751530 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Caithness Talbot Investments Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D T McNair

G D McNair

SECRETARY:

Turcan Connell Company Secretaries Ltd

REGISTERED OFFICE:

6th Floor

17a Curzon Street

London

W1J 5HS

REGISTERED NUMBER:

14751530 (England and Wales)

ACCOUNTANTS:

Ashmole & Co.

Chartered Certified Accountants

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

FIXED ASSETS

Investments

4

26,186,027

20,769,824

CURRENT ASSETS

Debtors

83,318

16,441

Cash at bank

1,169,218

941,455

1,252,536

957,896

CREDITORS

Amounts falling due within one year

415,302

39,191

NET CURRENT ASSETS

837,234

918,705

TOTAL ASSETS LESS CURRENT LIABILITIES

27,023,261

21,688,529

PROVISIONS FOR LIABILITIES

321,224

382,342

NET ASSETS

26,702,037

21,306,187

CAPITAL AND RESERVES

Called up share capital

25,000,003

20,000,003

Fair value reserve

5

963,672

1,147,027

Retained earnings

738,362

159,157

26,702,037

21,306,187

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 directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

G D McNair - Director

1.	STATUTORY INFORMATION

Caithness Talbot Investments Ltd is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 April 2024

18,039,398

Additions

13,999,438

Disposals

(10,835,839

)

Revaluations

(533,704

)

Reclassification/transfer

(2,703

)

At 31 March 2025

20,666,590

NET BOOK VALUE

At 31 March 2025

20,666,590

At 31 March 2024

18,039,398

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Valuation in 2024

1,469,134

Valuation in 2025

(533,701

)

Cost

19,731,157

20,666,590

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.3.24

£

£

At 1 April

2,309,979

-

Additions

4,288,767

4,393,576

Disposals

(2,224,503

)

(2,152,125

)

Revaluations

301,806

68,529

4,676,049

2,309,980

Information on loans is as follows:

Totals

£

At 1 April 2024

420,446

Additions

492,765

Disposals

(57,250

)

Revaluations

(12,573

)

At 31 March 2025

843,388

5.

RESERVES

Fair

value

reserve

£

At 1 April 2024

1,147,027

Transfer

(183,355

)

At 31 March 2025

963,672

6.	CAPITAL COMMITMENTS

At the balance sheet date the Company had entered into a binding agreement to purchase investments for a consideration £2,442,988 over future periods.