REGISTERED NUMBER: SC818586 (Scotland)

LOCH ALBA GROUP LTD

FINANCIAL STATEMENTS FOR THE PERIOD 6 AUGUST 2024 TO 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Graham

Ms R M Swanson

Dr M T Garzon Lopez

SECRETARY:

R A Foster

REGISTERED OFFICE:

24 - 26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

REGISTERED NUMBER:

SC818586 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Intangible assets

4

34,647

Investments

5

-

34,647

CURRENT ASSETS

Debtors

6

66,110

Cash at bank

12,862

78,972

CREDITORS

Amounts falling due within one year

7

118,064

NET CURRENT LIABILITIES

(39,092

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,445

)

RESERVES

Retained earnings

(4,445

)

(4,445

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 21 May 2026 and were signed on its behalf by:

S Graham - Director

1.	STATUTORY INFORMATION

Loch Alba Group 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Taxation

Taxation for the period 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.

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 period 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 period was NIL.

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

34,647

At 31 December 2025

34,647

NET BOOK VALUE

At 31 December 2025

34,647

5.	FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Seaqurefarming 1 Limited

Registered office: 24-26 Lewis Street, Stornoway, Isle of Lewis, HS1 2JF.

Nature of business: Freshwater aquaculture

%

Class of shares:

holding

Ordinary

100.00

31.12.25

£

Aggregate capital and reserves

1

Seaqurefarming 1 Limited holds 100% of the issued share capital of Loch Alba Trout Ltd.

In these separate financial statements , only the company's direct investment in Seaqurefarming 1 Limited is recognised as an asset. The shares in Loch Alba Trout ltd are held and recognised in the financial statements of Seaqurefarming 1 Limited.

Seaqurefarming 2 Limited

Registered office: 24-26 Lewis Street, Stornoway, Isle of Lewis, HS1 2JF.

Nature of business: Freshwater aquaculture

%

Class of shares:

holding

Ordinary

100.00

31.12.25

£

Aggregate capital and reserves

1

Seaqurefarming 3 Limited

Registered office: 24-26 Lewis Street, Stornoway, Isle of Lewis, HS1 2JF.

Nature of business: Freshwater aquaculture

%

Class of shares:

holding

Ordinary

100.00

31.12.25

£

Aggregate capital and reserves

1

Seaqurefarming 4 Limited

Registered office: 24-26 Lewis Street, Stornoway, Isle of Lewis, HS1 2JF.

Nature of business: Freshwater aquaculture

%

Class of shares:

holding

Ordinary

100.00

31.12.25

£

Aggregate capital and reserves

1

Seaqurefarming 5 Limited

Registered office: 24-26 Lewis Street, Stornoway, Isle of Lewis, HS1 2JF.

Nature of business: Freshwater aquaculture

%

Class of shares:

holding

Ordinary

100.00

31.12.25

£

Aggregate capital and reserves

1

Seaqurefarming 6 Ltd

Registered office: 24-26 Lewis Street, Stornoway, Isle of Lewis, HS1 2JF.

Nature of business: Marine aquaculture

%

Class of shares:

holding

Ordinary

100.00

31.12.25

£

Aggregate capital and reserves

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

65,797

Other debtors

313

66,110

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1,667

Other creditors

116,397

118,064

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Loan

116,397

Creditors falling due within one year include a revolving loan facility from Gael Force Group Holdings Ltd. The facility limit is £1,750,000. The balance outstanding at 31 December 2025, including capitalised interest, was £116,397. The loan is repayable on demand.

9.	CONTINGENT LIABILITIES

The company's borrowings from Gael Force Group Holdings Ltd are secured by a floating charge over all of the assets of the company. The director considers that no provision is required in respect of these arrangements.

10.	RELATED PARTY DISCLOSURES

Gael Force Group Holdings Ltd Limited is under common ownership with the company and is therefore a related party.

At 31 December 2025 the company had the following balances with Gael Force Group Holdings Ltd:

a revolving loan facility with a limit of £1,750,000, of which £116,397 including capitalised interest was drawn, and a letter of credit facility of £2,200,000, fully drawn.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is S Graham.