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Company No: SC146462 (Scotland)

# HIGHFIELD (GRAMPIAN) LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH THE REGISTRAR

HIGHFIELD (GRAMPIAN) LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025

Contents

HIGHFIELD (GRAMPIAN) LIMITED

## BALANCE SHEET

AS AT 31 OCTOBER 2025
HIGHFIELD (GRAMPIAN) LIMITED

## BALANCE SHEET (continued)

AS AT 31 OCTOBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 675,000 |  | 675,091
|  | 675,000 |  | 675,091
Current assets |  |  |  |
Debtors | 4 | 19,770 |  | 1,765
Cash at bank and in hand |  | 32,510 |  | 29,237
|  | 52,280 |  | 31,002
Creditors: amounts falling due within one year | 5 | ( 22,774) |  | ( 5,056)
Net current assets |  | 29,506 |  | 25,946
Total assets less current liabilities |  | 704,506 |  | 701,037
Provision for liabilities | 6 | ( 65,778) |  | ( 64,910)
Net assets |  | 638,728 |  | 636,127
Capital and reserves |  |  |  |
Called-up share capital | 7 | 200 |  | 200
Revaluation reserve |  | 438,223 |  | 438,223
Profit and loss account |  | 200,305 |  | 197,704
Total shareholders' funds |  | 638,728 |  | 636,127

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Highfield (Grampian) Limited (registered number: SC146462) were approved and authorised for issue by the Board of Directors on 10 March 2026. They were signed on its behalf by:

Shona Hall Director |  | Donald Young Director
Gillian Young Director |

HIGHFIELD (GRAMPIAN) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025
HIGHFIELD (GRAMPIAN) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Highfield (Grampian) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Axis Business Centre, Thainstone, Inverurie, AB51 5TB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents amounts receivable for rental income. Turnover is recognised on an accruals basis.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property | not depreciated
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities

Basic financial assets
Basic financial assets, which include debtors and bank balances, are initially measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, that are classified as debt, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Tangible assets

| Investment property |  | Computer equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 November 2024 | 675,000 |  | 549 |  | 675,549
At 31 October 2025 | 675,000 |  | 549 |  | 675,549
Accumulated depreciation |  |  |  |  |
At 01 November 2024 | 0 |  | 458 |  | 458
Charge for the financial year | 0 |  | 91 |  | 91
At 31 October 2025 | 0 |  | 549 |  | 549
Net book value |  |  |  |  |
At 31 October 2025 | 675,000 |  | 0 |  | 675,000
At 31 October 2024 | 675,000 |  | 91 |  | 675,091

Investment properties, which are all freehold, were revalued to a fair value at 14 December 2018, based on a valuation undertaken by Shepherd Chartered Surveyors, an independent valuer with recent experience in the location and class of the investment property being valued. The directors have reviewed this annually and deem this to be an accurate valuation.

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 16,375 |  | 0
Other debtors | 3,395 |  | 1,765
| 19,770 |  | 1,765

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Other taxation and social security | 543 |  | 540
Other creditors | 22,231 |  | 4,516
| 22,774 |  | 5,056

#### 6. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 65,778 |  | 64,910

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100
100 A ordinary shares of £ 1.00 each | 100 |  | 100
| 200 |  | 200

#### 8. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Directors - loans due to / (from) company | 1,782 |  | (378)

At the start of the year, there was a balance due to be paid to the directors of £378. During the year there were advances of £2,160 and £0 was repaid. There were no fixed repayment terms and no interest charged.