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REGISTERED NUMBER: SC308716 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

MacKinnon (Elgol) Limited

MacKinnon (Elgol) Limited (Registered number: SC308716)

Contents of the Financial Statements

for the Year Ended 30 September 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Accountants' Report | 7 |

MacKinnon (Elgol) Limited

Company Information

for the Year Ended 30 September 2025

| DIRECTOR: | A MacKinnon

| SECRETARY: | Mrs J M MacKinnon

| REGISTERED OFFICE: | 11 Drinan

| Elgol

| Isle of Skye

| IV49 9BG

| REGISTERED NUMBER: | SC308716 (Scotland)

| ACCOUNTANTS: | Stewart & Stewart Ltd

| Chartered Accountants

| Achorn House

| 34 Millbank Road

| Munlochy

| Ross-Shire

| IV8 8ND

MacKinnon (Elgol) Limited (Registered number: SC308716)

Abridged Balance Sheet

30 September 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 2,225 |  | 4,450 |  |

Tangible assets | 5 | 106,411 |  | 88,817 |  |

108,636 |  | 93,267 |  |

CURRENT ASSETS

Stocks | 1,300 |  | 1,400 |  |

Debtors | 8,598 |  | 12,086 |  |

Cash at bank | 49,565 |  | 59,913 |  |

59,463 |  | 73,399 |  |

CREDITORS

Amounts falling due within one year | 205,928 |  | 163,383 |  |

NET CURRENT LIABILITIES | (146,465 | ) | (89,984 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (37,829 | ) | 3,283 |  |

CREDITORS

Amounts falling due after more than one year | (4,167 | ) | (14,167 | ) |

PROVISIONS FOR LIABILITIES | - |  | (1,897 | ) |

NET LIABILITIES | (41,996 | ) | (12,781 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (42,096 | ) | (12,881 | ) |

SHAREHOLDERS' FUNDS | (41,996 | ) | (12,781 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MacKinnon (Elgol) Limited (Registered number: SC308716)

Abridged Balance Sheet - continued

30 September 2025

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 Income Statement and an abridged Balance Sheet for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 February 2026 and were signed by:

A MacKinnon - Director

MacKinnon (Elgol) Limited (Registered number: SC308716)

Notes to the Financial Statements

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| MacKinnon (Elgol) 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

| Intangible assets

| Amortisation is provided for on fishing licences in order to write off the asset over the estimated useful life of 20 years.

| Tangible fixed assets

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

| Short leasehold | - | 10% on cost

| Fishing boats | - | 5% on cost

| Plant and machinery | - | 20% on cost

| Motor vehicles | - | 25% on reducing balance

| Stocks

| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

MacKinnon (Elgol) Limited (Registered number: SC308716)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non convertible preference shares and non puttable ordinary or preference shares are publicly traded or their fair value can otherwise be measured reliably , the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

| All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss immediately.

| All equity investments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

| Any reversals of impairment are recognised in profit and loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 3 ) .

MacKinnon (Elgol) Limited (Registered number: SC308716)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 44,500 |  |

| AMORTISATION

| At 1 October 2024 | 40,050 |  |

| Amortisation for year | 2,225 |  |

| At 30 September 2025 | 42,275 |  |

| NET BOOK VALUE

| At 30 September 2025 | 2,225 |  |

| At 30 September 2024 | 4,450 |  |

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 October 2024 | 323,633 |  |

| Additions | 42,855 |  |

| At 30 September 2025 | 366,488 |  |

| DEPRECIATION

| At 1 October 2024 | 234,816 |  |

| Charge for year | 25,261 |  |

| At 30 September 2025 | 260,077 |  |

| NET BOOK VALUE

| At 30 September 2025 | 106,411 |  |

| At 30 September 2024 | 88,817 |  |

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

MacKinnon (Elgol) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MacKinnon (Elgol) Limited for the year ended 30 September 2025 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of MacKinnon (Elgol) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MacKinnon (Elgol) Limited and state those matters that we have agreed to state to the director of MacKinnon (Elgol) Limited in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that MacKinnon (Elgol) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of MacKinnon (Elgol) Limited. You consider that MacKinnon (Elgol) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MacKinnon (Elgol) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stewart & Stewart Ltd

Chartered Accountants

Achorn House

34 Millbank Road

Munlochy

Ross-Shire

IV8 8ND

10 February 2026