Muir Ban Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC631501

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		913,744		940,238

			913,744		940,238
CURRENT ASSETS
Stocks		6,950		9,163
Debtors	5	14,405		5,357
Cash at bank and in hand		83,126		82,490

		104,481		97,010
Creditors: Amounts Falling Due Within One Year	6	(882,704 )		(930,531 )

NET CURRENT ASSETS (LIABILITIES)			(778,223 )		(833,521 )

TOTAL ASSETS LESS CURRENT LIABILITIES			135,521		106,717

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(3,424 )		(3,356 )

NET ASSETS			132,097		103,361

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			131,997		103,261

SHAREHOLDERS' FUNDS			132,097		103,361

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Muir Ban Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Daniel Rogger

Director

5 May 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Muir Ban Limited is a private company, limited by shares, incorporated in Scotland, registered number SC631501 . The registered office is The Manor House, Gallanach Road, Oban, PA34 4LS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	1%
Leasehold	6% straight line
Plant & Machinery	20% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	33.33% straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2024: 18)

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Muir Ban Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2025	679,973	350,000	17,892	16,069
Additions	-	-	3,019	1,251

As at 31 December 2025	679,973	350,000	20,911	17,320

Depreciation
As at 1 January 2025	23,400	84,000	7,984	8,440
Provided during the period	5,850	21,000	2,586	2,220

As at 31 December 2025	29,250	105,000	10,570	10,660

Net Book Value
As at 31 December 2025	650,723	245,000	10,341	6,660

As at 1 January 2025	656,573	266,000	9,908	7,629


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2025	3,832	1,067,766
Additions	1,455	5,725

As at 31 December 2025	5,287	1,073,491

Depreciation
As at 1 January 2025	3,704	127,528
Provided during the period	563	32,219

As at 31 December 2025	4,267	159,747

Net Book Value
As at 31 December 2025	1,020	913,744

As at 1 January 2025	128	940,238

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Muir Ban Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	70	-
Prepayments and accrued income	14,335	5,357

	14,405	5,357

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,941	6,813
Other taxes and social security	5,103	7,153
VAT	8,940	17,029
Net wages	37	33
Voucher Control Account	475	979
Staff Gratuities	120	758
Pension contributions	344	987
Earning arrestment	-	56
Credit Card	10,379	1
Accruals and deferred income	5,170	3,964
Directors' loan accounts	850,195	892,758

	882,704	930,531

7. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	3,424	3,356

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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