IRIS Accounts Production v25.4.12.37 SC630862 Board of Directors 1.6.24 31.5.25 31.5.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC630862 2024-05-31 SC630862 2025-05-31 SC630862 2024-06-01 2025-05-31 SC630862 2023-05-31 SC630862 2023-06-01 2024-05-31 SC630862 2024-05-31 SC630862 ns15:Scotland 2024-06-01 2025-05-31 SC630862 ns14:PoundSterling 2024-06-01 2025-05-31 SC630862 ns10:Director1 2024-06-01 2025-05-31 SC630862 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC630862 ns10:SmallEntities 2024-06-01 2025-05-31 SC630862 ns10:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 SC630862 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 SC630862 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 SC630862 ns10:FullAccounts 2024-06-01 2025-05-31 SC630862 1 2024-06-01 2025-05-31 SC630862 ns10:Director2 2024-06-01 2025-05-31 SC630862 ns10:Director3 2024-06-01 2025-05-31 SC630862 ns10:RegisteredOffice 2024-06-01 2025-05-31 SC630862 ns5:CurrentFinancialInstruments 2025-05-31 SC630862 ns5:CurrentFinancialInstruments 2024-05-31 SC630862 ns5:Non-currentFinancialInstruments 2025-05-31 SC630862 ns5:Non-currentFinancialInstruments 2024-05-31 SC630862 ns5:ShareCapital 2025-05-31 SC630862 ns5:ShareCapital 2024-05-31 SC630862 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 SC630862 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 SC630862 ns5:IntangibleAssetsOtherThanGoodwill 2024-06-01 2025-05-31 SC630862 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-06-01 2025-05-31 SC630862 ns5:PlantMachinery 2024-06-01 2025-05-31 SC630862 ns5:FurnitureFittings 2024-06-01 2025-05-31 SC630862 ns5:ComputerEquipment 2024-06-01 2025-05-31 SC630862 ns5:ComputerSoftware 2024-05-31 SC630862 ns5:ComputerSoftware 2024-06-01 2025-05-31 SC630862 ns5:ComputerSoftware 2025-05-31 SC630862 ns5:ComputerSoftware 2024-05-31 SC630862 ns5:LandBuildings 2024-05-31 SC630862 ns5:PlantMachinery 2024-05-31 SC630862 ns5:FurnitureFittings 2024-05-31 SC630862 ns5:ComputerEquipment 2024-05-31 SC630862 ns5:LandBuildings 2024-06-01 2025-05-31 SC630862 ns5:LandBuildings 2025-05-31 SC630862 ns5:PlantMachinery 2025-05-31 SC630862 ns5:FurnitureFittings 2025-05-31 SC630862 ns5:ComputerEquipment 2025-05-31 SC630862 ns5:LandBuildings 2024-05-31 SC630862 ns5:PlantMachinery 2024-05-31 SC630862 ns5:FurnitureFittings 2024-05-31 SC630862 ns5:ComputerEquipment 2024-05-31 SC630862 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-05-31 SC630862 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 SC630862 ns5:Secured 2025-05-31 SC630862 ns5:Secured 2024-05-31

REGISTERED NUMBER: SC630862 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

| FOR |

| LOTHLORIEN LTD |

LOTHLORIEN LTD (REGISTERED NUMBER: SC630862)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 May 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

LOTHLORIEN LTD

COMPANY INFORMATION

for the year ended 31 May 2025

| DIRECTORS: | A N Stewart

| C G Stewart

| A M Stewart

| REGISTERED OFFICE: | c/o Haines Watts, Cluny Court

| John Smith Business Park

| Chapelton Drive

| Kirkcaldy

| Fife

| KY2 6QJ

| REGISTERED NUMBER: | SC630862 (Scotland)

| ACCOUNTANTS: | S&W Partners (Scotland) Limited

| Cluny Court

| John Smith Business Park

| Kirkcaldy

| Fife

| KY2 6QJ

LOTHLORIEN LTD (REGISTERED NUMBER: SC630862)

BALANCE SHEET

31 May 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 759 |  | 859 |  |

Tangible assets | 5 | 192,041 |  | 193,067 |  |

192,800 |  | 193,926 |  |

CURRENT ASSETS

Debtors | 6 | 8,096 |  | 237 |  |

Cash at bank | 84,882 |  | 27,327 |  |

92,978 |  | 27,564 |  |

CREDITORS

Amounts falling due within one year | 7 | (30,918 | ) | (31,249 | ) |

NET CURRENT ASSETS/(LIABILITIES) | 62,060 |  | (3,685 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 254,860 |  | 190,241 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (327,775 | ) | (260,338 | ) |

NET LIABILITIES | (72,915 | ) | (70,097 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (73,015 | ) | (70,197 | ) |

(72,915 | ) | (70,097 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

LOTHLORIEN LTD (REGISTERED NUMBER: SC630862)

BALANCE SHEET - continued

31 May 2025

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 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 9 February 2026 and were signed on its behalf by:

A N Stewart - Director

LOTHLORIEN LTD (REGISTERED NUMBER: SC630862)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 May 2025

1. | STATUTORY INFORMATION

| Lothlorien Ltd 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.

| As at 31 May 2025 the company's total liabilities exceeded assets by £73,015 (2024 - £70,097). The company relies on the continued support of its creditors and the directors to finance its working capital requirements. The directors consider it appropriate to prepare the financial statements on a going concern basis as they have confirmed that their support will continue for the foreseeable future.

| TURNOVER

| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from gross rents receivable for letting furnished holiday let accommodation.

| INTANGIBLE ASSETS

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

| less any accumulated amortisation and any accumulated impairment losses.

| Website is being amortised evenly over its estimated useful life of 10 years.

| TANGIBLE FIXED ASSETS

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Holiday lets | - | 2% per annum on cost

| Plant and machinery | - | 25% per annum reducing balance

| Fixtures and fittings | - | 25% per annum reducing balance

| Office equipment | - | 25% per annum reducing balance

| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

| If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

LOTHLORIEN LTD (REGISTERED NUMBER: SC630862)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| FINANCIAL INSTRUMENTS

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

| Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| 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 3 (2024 - 3 ) .

LOTHLORIEN LTD (REGISTERED NUMBER: SC630862)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

4. | INTANGIBLE FIXED ASSETS

| Computer

| software

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 1,000 |  |

| AMORTISATION

| At 1 June 2024 | 141 |  |

| Amortisation for year | 100 |  |

| At 31 May 2025 | 241 |  |

| NET BOOK VALUE

| At 31 May 2025 | 759 |  |

| At 31 May 2024 | 859 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Holiday |  | Plant and |  | and |  | Office |

| lets |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 June 2024 |

| and 31 May 2025 | 193,927 |  | 372 |  | 7,751 |  | 919 |  | 202,969 |  |

| DEPRECIATION

| At 1 June 2024 | 4,289 |  | 234 |  | 4,991 |  | 388 |  | 9,902 |  |

| Charge for year | 168 |  | 35 |  | 690 |  | 133 |  | 1,026 |  |

| At 31 May 2025 | 4,457 |  | 269 |  | 5,681 |  | 521 |  | 10,928 |  |

| NET BOOK VALUE

| At 31 May 2025 | 189,470 |  | 103 |  | 2,070 |  | 398 |  | 192,041 |  |

| At 31 May 2024 | 189,638 |  | 138 |  | 2,760 |  | 531 |  | 193,067 |  |

| The lender holds a fixed charge over the holiday let asset.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 7,765 |  | - |  |

| Other debtors | 331 |  | 237 |  |

8,096 |  | 237 |  |

LOTHLORIEN LTD (REGISTERED NUMBER: SC630862)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 6,217 |  | 6,500 |  |

| Trade creditors | 2,443 |  | 2,275 |  |

| Other creditors | 22,258 |  | 22,474 |  |

30,918 |  | 31,249 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 37,827 |  | 45,312 |  |

| Other creditors | 289,948 |  | 215,026 |  |

327,775 |  | 260,338 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans due after more than five years and repayable by instalments | 7,802 |  | 16,488 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 44,044 |  | 51,812 |  |

| The lender holds a fixed and floating charge over all assets and undertakings of the company.

10. | RELATED PARTY DISCLOSURES

| Included in 'Other creditors' is an amount of £10,093 (2024 - £10,193) due to the directors. This loan is interest free and repayable on demand.