IRIS Accounts Production v26.1.0.640 SC477472 Board of Directors 1.6.24 31.5.25 31.5.25 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC477472 2024-05-31 SC477472 2025-05-31 SC477472 2024-06-01 2025-05-31 SC477472 2023-05-31 SC477472 2023-06-01 2024-05-31 SC477472 2024-05-31 SC477472 ns15:Scotland 2024-06-01 2025-05-31 SC477472 ns14:PoundSterling 2024-06-01 2025-05-31 SC477472 ns10:Director1 2024-06-01 2025-05-31 SC477472 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC477472 ns10:SmallEntities 2024-06-01 2025-05-31 SC477472 ns10:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 SC477472 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 SC477472 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 SC477472 ns10:FullAccounts 2024-06-01 2025-05-31 SC477472 ns10:OrdinaryShareClass1 2024-06-01 2025-05-31 SC477472 ns10:Director2 2024-06-01 2025-05-31 SC477472 ns10:Director3 2024-06-01 2025-05-31 SC477472 ns10:Director4 2024-06-01 2025-05-31 SC477472 ns10:CompanySecretary1 2024-06-01 2025-05-31 SC477472 ns10:RegisteredOffice 2024-06-01 2025-05-31 SC477472 ns5:CurrentFinancialInstruments 2025-05-31 SC477472 ns5:CurrentFinancialInstruments 2024-05-31 SC477472 ns5:ShareCapital 2025-05-31 SC477472 ns5:ShareCapital 2024-05-31 SC477472 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 SC477472 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 SC477472 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-05-31 SC477472 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 SC477472 ns10:OrdinaryShareClass1 2025-05-31

REGISTERED NUMBER: SC477472 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

| FOR |

| LESMAHAGOW LTD |

LESMAHAGOW LTD (REGISTERED NUMBER: SC477472)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

LESMAHAGOW LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | Lesmahagow Development Trust

| David MacColl

| Elizabeth Montgomery

| Michael Taylor

| SECRETARY: | Elizabeth Montgomery

| REGISTERED OFFICE: | 11 Abbeygreen

| Lesmahagow

| Lanark

| ML11 0HD

| REGISTERED NUMBER: | SC477472 (Scotland)

| ACCOUNTANTS: | Stewart Gilmour & Co.

| 3rd Floor

| St George's Buildings

| 5 St Vincent Place

| Glasgow

| G1 2DH

| BANKERS: | Bank of Scotland

| Direct Business Bank

| P.O. Box 17235

| Edinburgh

| EH11 1YH

LESMAHAGOW LTD (REGISTERED NUMBER: SC477472)

BALANCE SHEET

31 MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 295 |  | 295 |  |

CURRENT ASSETS

Debtors | 5 | 15,000 |  | 15,000 |  |

Cash at bank and in hand | 111,357 |  | 74,416 |  |

126,357 |  | 89,416 |  |

CREDITORS

Amounts falling due within one year | 6 | 18,971 |  | 18,778 |  |

NET CURRENT ASSETS | 107,386 |  | 70,638 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 107,681 |  | 70,933 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 100 |  | 100 |  |

Retained earnings | 107,581 |  | 70,833 |  |

SHAREHOLDERS' FUNDS | 107,681 |  | 70,933 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 25 May 2026 and were signed on its behalf by:

Elizabeth Montgomery - Director

LESMAHAGOW LTD (REGISTERED NUMBER: SC477472)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Lesmahagow 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

| Accounting convention

| These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

| This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

| - Section 4 'Statement of Financial Position' - Reconciliation of the opening and closing number of shares;

| - Section 7 'Statement of Cash Flows' - Presentation of a statement of cash flow and related notes and disclosures.

| - Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' - Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

| - Section 26 'Share-based Payment' - Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

| - Section 33 'Related Party Disclosures' - Compensation for key management personnel.

| Fixed asset investments

| Interests in subsidiaries, associates and jointly controlled entitles are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

| A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

| An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

| Associates are held at par in the accounts and dividends are received and recorded as income from associates.

| Entities in which the company has a long-term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

| Cash at bank and in hand

| Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

LESMAHAGOW LTD (REGISTERED NUMBER: SC477472)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| 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.

LESMAHAGOW LTD (REGISTERED NUMBER: SC477472)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

4. | FIXED ASSET INVESTMENTS

| Lesmahagow Ltd owns 25% of the issued share capital of Stewart Energy Ltd and 27% of the issued share capital of Netherburn West (Holdings) Limited. Both companies are small companies which are not publicly traded and the market value cannot be readily established. The investments are therefore shown at historical cost. Dividends received from Stewart Energy Ltd during the year totalled £125,000 (2024 : £78,717). Dividends received from Netherburn West (Holdings) Limited during the year were £13,000 (2024 : £10,660).

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 15,000 |  | 15,000 |  |

| Loans to associated undertakings comprise of £15,000 due by Netherburn West Limited.

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | 18,971 |  | 18,778 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

8. | ULTIMATE CONTROLLING PARTY

| The controlling party is Lesmahagow Development Trust.

| Lesmahagow Development Trust holds the entire issued ordinary share capital.