LOCHANHEAD LIMITED


Director	STEWART, Peter Henryson


Registered Address	Balec Neuk
	Underwood
	Dumfries
	DG2 0JJ


Registered Number	SC602434 (Scotland)

Statement of Financial Position
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		398,597		398,597
			398,597		398,597
Current assets
Cash at bank and on hand		3,960		1,112
		3,960		1,112
Creditors amounts falling due within one year	4	(126,705)		(332,915)
Net current assets (liabilities)			(122,745)		(331,803)
Total assets less current liabilities			275,852		66,794
Creditors amounts falling due after one year	5		(192,620)		-
Net assets			83,232		66,794
Capital and reserves
Called up share capital			1		1
Profit and loss account			83,231		66,793
Shareholders' funds			83,232		66,794

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 24 April 2026, and are signed on its behalf by:

STEWART, Peter Henryson
Director
Registered Company No. SC602434

LOCHANHEAD LIMITED

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 the sale of goods and/or the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

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 the sale of goods and/or the rendering of services. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Finance leases and hire purchase contracts
	Where the company is a lessor rental income from operating leases is credited to the Income Statement on a straight line basis over the lease term.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The Company 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, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Investment property
	The 2024 valuations were made by the director, on an open market value for existing use basis. This valuation does not differ to the historic cost.


		£
	Fair value at 01 August 24	398,597
	At 31 July 25	398,597

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	118
Bank borrowings and overdrafts	14,667	222,025
Taxation and social security	3,856	2,870
Other creditors	106,452	106,282
Accrued liabilities and deferred income	1,730	1,620
Total	126,705	332,915


	Bank borrowings and overdrafts are secured by fixed and floating charges over the company's assets.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	192,620	-
Total	192,620	-


	Bank borrowings and overdrafts are secured by fixed and floating charges over the company's assets.

6.	Related party transactions
	During the year the director had a loan account with the company. At the balance sheet date the company owed the director £99,220 (2024 - £99,174). This loan is unsecured, interest free and repayable upon demand.