REGISTERED NUMBER: SC275179 (Scotland)

Northern Isle Ltd

Financial Statements For The Year Ended 30 November 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Drever

Mrs K Drever

REGISTERED OFFICE:

Dunira

Maitland Place

Finstown

Orkney

KW17 2EQ

REGISTERED NUMBER:

SC275179 (Scotland)

ACCOUNTANTS:

The Long Partnership

Chartered Accountants

Chartered Tax Advisers

1 Castle Street

Kirkwall

Orkney

KW15 1HD

BANKERS:

The Royal Bank of Scotland

1 Victoria Street

Kirkwall

Orkney

KW15 1DP

FIXED ASSETS

Tangible assets

4

128,735

135,814

Investment property

5

139,285

139,285

268,020

275,099

CURRENT ASSETS

Stocks

-

255

Debtors

6

8,986

11,381

Cash at bank

198,879

139,205

207,865

150,841

CREDITORS

Amounts falling due within one year

7

20,820

18,838

NET CURRENT ASSETS

187,045

132,003

TOTAL ASSETS LESS CURRENT LIABILITIES

455,065

407,102

PROVISIONS FOR LIABILITIES

14,771

14,595

NET ASSETS

440,294

392,507

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

439,294

391,507

SHAREHOLDERS' FUNDS

440,294

392,507

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

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

J Drever - Director

1.	STATUTORY INFORMATION

Northern Isle 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Equipment

-

25% on reducing balance and 10% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 December 2024

296,779

Additions

9,485

At 30 November 2025

306,264

DEPRECIATION

At 1 December 2024

160,965

Charge for year

16,564

At 30 November 2025

177,529

NET BOOK VALUE

At 30 November 2025

128,735

At 30 November 2024

135,814

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

139,285

NET BOOK VALUE

At 30 November 2025

139,285

At 30 November 2024

139,285

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

1,776

1,145

Other debtors

7,210

10,236

8,986

11,381

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

202

377

Trade creditors

2,741

12,943

Taxation and social security

13,967

1,301

Other creditors

3,910

4,217

20,820

18,838

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs K Drever.