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Registration number: SC824628

Feochan Property Limited
Annual Report and Unaudited Financial Statements
for the Period from 2 October 2024 to 31 October 2025

Feochan Property Limited

Contents

Company Information | 1
Directors' 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

Feochan Property Limited

Company Information

Directors | Mr Christopher Thomas Somerville Mr Steven Craig Somerville Mrs Louise Somerville

Registered office | The Moorings Gallanach Road Oban Argyll Scotland PA34 4QH

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

Feochan Property Limited

Directors' Report for the Period from 2 October 2024 to 31 October 2025

The directors present their report and the financial statements for the period from 2 October 2024 to 31 October 2025.

Incorporation

The company was incorporated on 2 October 2024.

Directors of the company

The directors who held office during the period were as follows:

Mr Christopher Thomas Somerville (appointed 2 October 2024)

Mr Steven Craig Somerville (appointed 2 October 2024)

Mrs Louise Somerville (appointed 11 February 2025)

Principal activity

The principal activity of the company is letting of property

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 Board on 12 May 2026 and signed on its behalf by:

......................................... Mr Christopher Thomas Somerville Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Feochan Property Limited
for the Period Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Feochan Property Limited for the period ended 31 October 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 Feochan Property 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 Feochan Property Limited and state those matters that we have agreed to state to the Board of Directors of Feochan Property 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 Feochan Property Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Feochan Property 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 loss of Feochan Property Limited. You consider that Feochan Property Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Feochan Property 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

12 May 2026

Feochan Property Limited

Profit and Loss Account for the Period from 2 October 2024 to 31 October 2025

| Note | 2025 £
Turnover |  | 7,773
Gross profit |  | 7,773
Administrative expenses |  | (14,073)
Operating loss |  | (6,300)
Interest payable and similar expenses |  | (5,919)
Loss before tax | 3 | (12,219)
Loss for the financial period |  | (12,219)

The above results were derived from continuing operations.

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

Feochan Property Limited

Statement of Comprehensive Income for the Period from 2 October 2024 to 31 October 2025

| 2025 £
Loss for the period | (12,219)
Total comprehensive income for the period | (12,219)

Feochan Property Limited

(Registration number: SC824628)
Balance Sheet as at 31 October 2025

| Note | 2025 £
Fixed assets |  |
Tangible assets | 4 | 351,775
Current assets |  |
Cash at bank and in hand |  | 25,606
Creditors: Amounts falling due within one year | 6 | (89,500)
Net current liabilities |  | (63,894)
Total assets less current liabilities |  | 287,881
Creditors: Amounts falling due after more than one year | 6 | (300,000)
Net liabilities |  | (12,119)
Capital and reserves |  |
Called up share capital | 7 | 100
Retained earnings |  | (12,219)
Shareholders' deficit |  | (12,119)

For the financial period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their 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 Board on 12 May 2026 and signed on its behalf by:

......................................... Mr Christopher Thomas Somerville Director

Feochan Property Limited

Statement of Changes in Equity for the Period from 2 October 2024 to 31 October 2025

| Share capital £ | Retained earnings £ | Total £
Loss for the period | - | (12,219) | (12,219)
New share capital subscribed | 100 | - | 100
At 31 October 2025 | 100 | (12,219) | (12,119)

Feochan Property Limited

Notes to the Unaudited Financial Statements for the Period from 2 October 2024 to 31 October 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | in accordance with the property
Plant and machinery | 20% reducing balance basis

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.

Feochan Property Limited

Notes to the Unaudited Financial Statements for the Period from 2 October 2024 to 31 October 2025

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

3 | Loss/profit before tax

Arrived at after charging/(crediting)

| 2025 £
Depreciation expense | 1,110

Feochan Property Limited

Notes to the Unaudited Financial Statements for the Period from 2 October 2024 to 31 October 2025

4 | Tangible assets

| Land and buildings £ | Other tangible assets £ | Total £
Cost or valuation
Additions | 347,334 | 5,551 | 352,885
At 31 October 2025 | 347,334 | 5,551 | 352,885
Depreciation
Charge for the period | - | 1,110 | 1,110
At 31 October 2025 | - | 1,110 | 1,110
Carrying amount
At 31 October 2025 | 347,334 | 4,441 | 351,775

Included within the net book value of land and buildings above is £347,334 in respect of freehold land and buildings.

5 | Debtors

Current | 2025 £
| -

Feochan Property Limited

Notes to the Unaudited Financial Statements for the Period from 2 October 2024 to 31 October 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £
Due within one year |
Trade creditors | 1,500
Other creditors | 88,000
| 89,500

Creditors: amounts falling due after more than one year

| Note | 2025 £
Due after one year |  |
Loans and borrowings | 8 | 300,000

7 | Share capital

Allotted, called up and fully paid shares

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

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £
Bank borrowings | 300,000

Bank borrowings

Bath Building Society is denominated in GBP with a nominal interest rate of 5.6%, and the final instalment is due on 31 May 2030. The carrying amount at period end is £300,000. Secured upon directors personal property

9 | Related party transactions

Summary of transactions with other related parties

Mrs Louise Somerville (director)

Loans from related parties

Feochan Property Limited

Notes to the Unaudited Financial Statements for the Period from 2 October 2024 to 31 October 2025

2025 | Other related parties £ | Total £
Advanced | 100,000 | 100,000
Repaid | (12,000) | (12,000)
At end of period | 88,000 | 88,000