REGISTERED NUMBER: SC476899 (Scotland)

Unaudited Financial Statements for the Year Ended 5 April 2026

for

Aquaria (Grimsay) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Hector Stewart

Donald Stewart

David Stewart

REGISTERED OFFICE:

'Shillay'

Northside Kallin

Grimsay

Lochmaddy

NORTH UIST

HS6 5HY

REGISTERED NUMBER:

SC476899 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

338,183

379,833

CURRENT ASSETS

Cash at bank

338,569

226,151

CREDITORS

Amounts falling due within one year

5

93,752

103,765

NET CURRENT ASSETS

244,817

122,386

TOTAL ASSETS LESS CURRENT LIABILITIES

583,000

502,219

CREDITORS

Amounts falling due after more than one year

6

30,533

36,820

NET ASSETS

552,467

465,399

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

552,367

465,299

SHAREHOLDERS' FUNDS

552,467

465,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2026 and were signed on its behalf by:

Donald Stewart - Director

1.	STATUTORY INFORMATION

Aquaria (Grimsay) 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.

Shed

-

20% on reducing balance

Boat and gear

-

10% on reducing balance

Tank

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Grant income

Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Boat and

Shed

gear

Tank

£

£

£

COST

At 6 April 2025

7,829

1,023,231

1,900

Additions

-

-

-

At 5 April 2026

7,829

1,023,231

1,900

DEPRECIATION

At 6 April 2025

7,113

673,933

1,518

Charge for year

143

34,930

77

At 5 April 2026

7,256

708,863

1,595

NET BOOK VALUE

At 5 April 2026

573

314,368

305

At 5 April 2025

716

349,298

382

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 6 April 2025

51,491

3,984

1,088,435

Additions

-

1,148

1,148

At 5 April 2026

51,491

5,132

1,089,583

DEPRECIATION

At 6 April 2025

22,627

3,411

708,602

Charge for year

7,217

431

42,798

At 5 April 2026

29,844

3,842

751,400

NET BOOK VALUE

At 5 April 2026

21,647

1,290

338,183

At 5 April 2025

28,864

573

379,833

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

9,120

9,120

Taxation

66,647

59,886

Social security and other taxes

(349

)

(1,311

)

Directors' loan accounts

13,639

19,289

Accruals and deferred income

2,050

-

Accrued charges

2,645

16,781

93,752

103,765

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

9,120

9,120

Bank loans - 2-5 years

21,413

27,700

30,533

36,820

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

39,653

45,940

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

The company is 80% controlled by the 3 directors.