REGISTERED NUMBER: SC364803 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Bachlaw Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

10

DIRECTORS:

Mrs S L Davis

H W McLeay

J S McLeay

J W McLeay

SECRETARY:

Mrs S L Davis

REGISTERED OFFICE:

Victoria House

13 Victoria Street

ABERDEEN

Aberdeenshire

AB10 1XB

BUSINESS ADDRESS:

Upper Seaview

Cornhill

BANFF

AB45 2HJ

REGISTERED NUMBER:

SC364803 (Scotland)

ACCOUNTANTS:

Atholl Scott

Victoria House

13 Victoria Street

ABERDEEN

AB10 1XB

FIXED ASSETS

Intangible assets

4

15,536

17,116

Tangible assets

5

1,492,944

1,613,015

Investments

6

10,240

10,240

Investment property

7

250,000

370,000

1,768,720

2,010,371

CURRENT ASSETS

Stocks

5,580

5,985

Debtors

8

2,849,500

2,529,196

Cash at bank and in hand

1,030,423

431,706

3,885,503

2,966,887

CREDITORS

Amounts falling due within one year

9

(666,282

)

(328,544

)

NET CURRENT ASSETS

3,219,221

2,638,343

TOTAL ASSETS LESS CURRENT LIABILITIES

4,987,941

4,648,714

PROVISIONS FOR LIABILITIES

(73,784

)

(92,835

)

NET ASSETS

4,914,157

4,555,879

CAPITAL AND RESERVES

Called up share capital

73

73

Capital redemption reserve

27

27

Fair value reserve

11

9,714

6,594

Retained earnings

4,904,343

4,549,185

SHAREHOLDERS' FUNDS

4,914,157

4,555,879

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 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 30 April 2026 and were signed on its behalf by:

H W McLeay - Director

Mrs S L Davis - Director

J S McLeay - Director

J W McLeay - Director

1.	STATUTORY INFORMATION

Bachlaw 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable for services rendered during the year.

Fishing licence

The fishing licence is being amortised evenly over its estimated useful life of 15 years.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of 10 years.

Tangible fixed assets

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

Freehold property

-

2% on cost

Structures

-

2% on cost

Improvements to property

-

10% on cost

Boat

-

Straight line over 15 years

Farming equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Equipment

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Fishing

licence

£

COST

At 1 October 2024

and 30 September 2025

33,600

AMORTISATION

At 1 October 2024

16,484

Amortisation for year

1,580

At 30 September 2025

18,064

NET BOOK VALUE

At 30 September 2025

15,536

At 30 September 2024

17,116

The intangible asset relates to an entitlement for a registered vessel of 4.1 tonnes, 97kws, licence to have a shellfish entitlement.

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

property

Structures

Horses

property

£

£

£

£

COST

At 1 October 2024

742,170

792,637

5,524

488,638

Additions

-

-

-

-

Disposals

-

-

(5,000

)

-

At 30 September 2025

742,170

792,637

524

488,638

DEPRECIATION

At 1 October 2024

161,788

159,193

1,526

437,183

Charge for year

14,845

15,853

26

8,607

Eliminated on disposal

-

-

(1,500

)

-

At 30 September 2025

176,633

175,046

52

445,790

NET BOOK VALUE

At 30 September 2025

565,537

617,591

472

42,848

At 30 September 2024

580,382

633,444

3,998

51,455

Farming

Motor

Boat

equipment

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 October 2024

97,740

205,561

238,093

124,471

2,694,834

Additions

-

-

-

3,378

3,378

Disposals

-

(27,000

)

-

(16,254

)

(48,254

)

At 30 September 2025

97,740

178,561

238,093

111,595

2,649,958

DEPRECIATION

At 1 October 2024

49,469

111,466

97,188

64,006

1,081,819

Charge for year

6,520

12,001

35,226

9,012

102,090

Eliminated on disposal

-

(12,905

)

-

(12,490

)

(26,895

)

At 30 September 2025

55,989

110,562

132,414

60,528

1,157,014

NET BOOK VALUE

At 30 September 2025

41,751

67,999

105,679

51,067

1,492,944

At 30 September 2024

48,271

94,095

140,905

60,465

1,613,015

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2024

and 30 September 2025

10,240

NET BOOK VALUE

At 30 September 2025

10,240

At 30 September 2024

10,240

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

370,000

Additions

1,108

Disposals

(121,108

)

At 30 September 2025

250,000

NET BOOK VALUE

At 30 September 2025

250,000

At 30 September 2024

370,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2020

9,714

Cost

240,286

250,000

If investment properties had not been revalued it would have been included at the following historical cost:

30.9.25

30.9.24

£

£

Cost

255,622

386,602

Aggregate depreciation

(51,120

)

(74,828

)

Investment properties were valued on an open market basis on 30 September 2020 by DM Hall Chartered Surveyors .

The investment property was not re-valued by an independent valuer at the balance sheet date, in the opinion of the directors the value of the investment property has not altered since the last independent valuation in September 2020.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

304,273

135,534

Loans

2,508,556

2,364,761

Directors' loan accounts

900

900

Prepayments

35,771

28,001

2,849,500

2,529,196

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

25,807

43,785

Tax

149,329

112,041

PAYE

39,638

37,719

VAT

120,541

-

Prepaid income

249,798

106,447

Accrued expenses

81,169

28,552

666,282

328,544

10.	SECURED DEBTS

Royal Bank of Scotland plc hold the following security:

A Bond and Floating charge over the assets of the company.

A standard security over the property at Upper Seaview, Glenbarry, Cornhill, Banff.

A standard security over the property at "Milden", 28 Seafield Street, Banff.

11.

RESERVES

Fair

value

reserve

£

At 1 October 2024

6,594

Realised revaluation on sale

3,120

At 30 September 2025

9,714

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

£

J W McLeay

Balance outstanding at start of year

900

900

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

900

900

Advances and repayments during the year have been summarised. The above loan is unsecured, interest free and repayable on demand.

13.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the directors 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 Income Statement and certain other primary statements and the Report of the Directors 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 Bachlaw Limited for the year ended 30 September 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Bachlaw Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bachlaw Limited and state those matters that we have agreed to state to the Board of Directors of Bachlaw Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bachlaw 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 profit of Bachlaw Limited. You consider that Bachlaw 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 Bachlaw 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.

Atholl Scott

Victoria House

13 Victoria Street

ABERDEEN

AB10 1XB

1 May 2026