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Company Registration No. SC732267 (Scotland)
LN TITLES LIMITED Unaudited accounts for the year ended 31 May 2025
LN TITLES LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
LN TITLES LIMITED Company Information for the year ended 31 May 2025
Director
Elizabeth Mackay
Company Number
SC732267 (Scotland)
Registered Office
96 KENNETH STREET INVERNESS IV3 5QG SCOTLAND
Accountants
Kerry Mackinnon Signature Accounting Solutions Ltd 93 Suilven Way Inverness Highland IV3 8PE
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LN TITLES LIMITED Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
-
447
Current assets
Cash at bank and in hand
10,062
10,934
Creditors: amounts falling due within one year
5
(23,411)
(23,411)
Net current liabilities
(13,349)
(12,477)
Net liabilities
(13,349)
(12,030)
Capital and reserves
Profit and loss account
(13,349)
(12,030)
Shareholders' funds
(13,349)
(12,030)
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 February 2026 and were signed on its behalf by
Elizabeth Mackay Director Company Registration No. SC732267
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LN TITLES LIMITED Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
LN TITLES LIMITED is a private company, limited by shares, registered in Scotland, registration number SC732267. The registered office is 96 KENNETH STREET, INVERNESS, IV3 5QG, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 Year Straight Line
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 June 2024
1,339
At 31 May 2025
1,339
Depreciation
At 1 June 2024
892
Charge for the year
447
At 31 May 2025
1,339
Net book value
At 31 May 2025
-
At 31 May 2024
447
5
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
23,061
23,061
Accruals
350
350
23,411
23,411
- 5 -
LN TITLES LIMITED Notes to the Accounts for the year ended 31 May 2025
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 6 -