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Registration number: SC710893

Livingston Holdings (Oban) Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 September 2025

Livingston Holdings (Oban) Limited

Contents

Company Information | 1
Director's Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 12

Livingston Holdings (Oban) Limited

Company Information

Director | Mr Bryan Livingston

Registered office | Ranald Hotel 41 Stevenson Street Oban Argyll Argyll PA34 5NA

Accountants | Jack MacDonald & Co Cuan Aille 1 Aldersyde Taynuilt Argyll PA35 1AG

Livingston Holdings (Oban) Limited

Director's Report for the Year Ended 30 September 2025

The director presents his report and the financial statements for the year ended 30 September 2025.

Director of the company

The director who held office during the year was as follows:

Mr Bryan Livingston

Principal activity

The principal activity of the company is a holding company

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 11 March 2026

......................................... Mr Bryan Livingston Director

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Livingston Holdings (Oban) Limited
for the Year Ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Livingston Holdings (Oban) Limited for the year ended 30 September 2025 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Livingston Holdings (Oban) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Livingston Holdings (Oban) Limited and state those matters that we have agreed to state to the Board of Directors of Livingston Holdings (Oban) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Livingston Holdings (Oban) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Livingston Holdings (Oban) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Livingston Holdings (Oban) Limited. You consider that Livingston Holdings (Oban) 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 accounts of Livingston Holdings (Oban) 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 accounts.

......................................
Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

11 March 2026

Livingston Holdings (Oban) Limited

Profit and Loss Account for the Year Ended 30 September 2025

| Note | 2025 £ | 2024 £
Turnover |  | - | -
Gross profit/(loss) |  | - | -
Operating profit/(loss) |  | - | -
Income from shares in group undertakings |  | 30,514 | 36,000
Income from participating interests |  | 26,500 | -
|  | 57,014 | 36,000
Profit before tax | 3 | 57,014 | 36,000
Profit for the financial year |  | 57,014 | 36,000

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Livingston Holdings (Oban) Limited

Statement of Comprehensive Income for the Year Ended 30 September 2025

| 2025 £ | 2024 £
Profit for the year | 57,014 | 36,000
Total comprehensive income for the year | 57,014 | 36,000

Livingston Holdings (Oban) Limited

(Registration number: SC710893)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 4 | 191 | 151
Current assets |  |  |
Cash at bank and in hand |  | 100 | 100
Creditors: Amounts falling due within one year | 5 | (1,691) | (1,651)
Net current liabilities |  | (1,591) | (1,551)
Net liabilities |  | (1,400) | (1,400)
Capital and reserves |  |  |
Called up share capital | 6 | 100 | 100
Retained earnings |  | (1,500) | (1,500)
Shareholders' deficit |  | (1,400) | (1,400)

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 11 March 2026

......................................... Mr Bryan Livingston Director

Livingston Holdings (Oban) Limited

Statement of Changes in Equity for the Year Ended 30 September 2025

| Share capital £ | Retained earnings £ | Total £
At 1 October 2024 | 100 | (1,500) | (1,400)
Profit for the year | - | 57,014 | 57,014
Dividends | - | (57,014) | (57,014)
At 30 September 2025 | 100 | (1,500) | (1,400)

| Share capital £ | Retained earnings £ | Total £
At 1 October 2023 | 100 | (1,500) | (1,400)
Profit for the year | - | 36,000 | 36,000
Dividends | - | (36,000) | (36,000)
At 30 September 2024 | 100 | (1,500) | (1,400)

Livingston Holdings (Oban) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Livingston Holdings (Oban) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

3 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Income from shares in group undertakings | (30,514) | (36,000)

4 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 101 | 101
Investments in associates | 90 | 50
| 191 | 151

Subsidiaries | £
Cost or valuation
At 1 October 2024 | 101
Provision
Carrying amount
At 30 September 2025 | 101
At 30 September 2024 | 101

Livingston Holdings (Oban) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Associates | £
Cost
At 1 October 2024 | 50
Additions | 40
At 30 September 2025 | 90
Provision
Carrying amount
At 30 September 2025 | 90
At 30 September 2024 | 50

Aggregate financial information of associates

| 2025 £ | 2024 £

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Econotel Limited | Ranald Hotel, 41 Stevenson Street, Oban, Argyll PA34 5NA Scotland | Ordinary shares | 100% | 100%
The Ranald Apartments Limited | Ranald Hotel, 41 Stevenson Street, Oban, Argyll PA34 5NA Scotland | Ordinary shares | 100% | 100%
Associates
PB Properties (Oban) Limited | Ranald Hotel, 41 Stevenson Street, Oban, Argyll PA34 5NA | Ordinary shares | 50% | 50%
| Scotland |  |  |
Iona Pods Limited | Cnocoran Isle of Iona Argyll PA76 6SP | Ordinary shares | 40% | 0%
| Scotland |  |  |

Livingston Holdings (Oban) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Subsidiary undertakings
Econotel Limited The principal activity of Econotel Limited is Hotel.
The Ranald Apartments Limited The principal activity of The Ranald Apartments Limited is Commercial property lease holder.

Associates
PB Properties (Oban) Limited The principal activity of PB Properties (Oban) Limited is Holiday accommodation.
Iona Pods Limited The principal activity of Iona Pods Limited is Holiday accommodation. Its financial period end is 31 March.

Livingston Holdings (Oban) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 750 | 750
Other creditors | 941 | 901
| 1,691 | 1,651

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

7 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £570.14 (2024 - £360.00) per ordinary share |  | 57,014 |  | 36,000