REGISTERED NUMBER: SC159616 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Sandpoint Marina Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Doherty

SECRETARY:

Ms A Doherty

REGISTERED OFFICE:

Sandpoint

Woodyard Road

Dumbarton

G82 4BG

REGISTERED NUMBER:

SC159616 (Scotland)

ACCOUNTANTS:

Graham & Co. (Accountants) Limited

76 Dumbarton Road

Clydebank

Glasgow

G81 1UG

FIXED ASSETS

Tangible assets

4

467,604

485,344

CURRENT ASSETS

Stocks

8,059

8,547

Debtors

5

149,800

140,679

Cash at bank and in hand

240,428

203,996

398,287

353,222

CREDITORS

Amounts falling due within one year

6

140,589

107,289

NET CURRENT ASSETS

257,698

245,933

TOTAL ASSETS LESS CURRENT LIABILITIES

725,302

731,277

CREDITORS

Amounts falling due after more than one year

7

(61,020

)

(95,509

)

PROVISIONS FOR LIABILITIES

(36,533

)

(39,176

)

NET ASSETS

627,749

596,592

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

627,747

596,590

SHAREHOLDERS' FUNDS

627,749

596,592

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 May 2026 and were signed by:

P Doherty - Director

1.	STATUTORY INFORMATION

Sandpoint Marina Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

4% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance and 15% on reducing balance

Computer equipment

-

33% on cost

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument. The company holds basic financial instruments which comprise, trade and other debtors, cash and cash equivalents, trade and other creditors, bank and related party loans.

Cash and cash equivalents comprise, cash in hand and deposits held in bank.

Trade and other debtors are initially recognised at the transaction price, including any transaction costs, less any provision for impairment. At the end of each year the company assesses whether there is evidence to indicate that the company will not be able to collect all of the amount due according to the original terms of the financial asset. The amount of any provision, if required, is recognised immediately in the statement of income and retained earnings.

Trade and other creditors are initially measured at the transaction price, including any transactions costs,. Amounts that are payable within one year are measured at the undiscounted amount expected to be payable.

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 September 2024

197,031

179,301

336,046

Additions

-

8,567

4,541

At 31 August 2025

197,031

187,868

340,587

DEPRECIATION

At 1 September 2024

-

47,688

180,498

Charge for year

-

7,173

23,332

At 31 August 2025

-

54,861

203,830

NET BOOK VALUE

At 31 August 2025

197,031

133,007

136,757

At 31 August 2024

197,031

131,613

155,548

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2024

19,536

11,827

743,741

Additions

-

-

13,108

At 31 August 2025

19,536

11,827

756,849

DEPRECIATION

At 1 September 2024

18,457

11,754

258,397

Charge for year

270

73

30,848

At 31 August 2025

18,727

11,827

289,245

NET BOOK VALUE

At 31 August 2025

809

-

467,604

At 31 August 2024

1,079

73

485,344

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 September 2024

and 31 August 2025

106,000

DEPRECIATION

At 1 September 2024

29,415

Charge for year

11,488

At 31 August 2025

40,903

NET BOOK VALUE

At 31 August 2025

65,097

At 31 August 2024

76,585

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

24,532

27,972

Other debtors

125,268

112,707

149,800

140,679

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

20,257

22,758

Hire purchase contracts (see note 8)

14,088

14,088

Trade creditors

3,075

6,872

Taxation and social security

35,506

26,963

Other creditors

67,663

36,608

140,589

107,289

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

18,427

38,829

Hire purchase contracts (see note 8)

42,593

56,680

61,020

95,509

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.8.25

31.8.24

£

£

Net obligations repayable:

Within one year

14,088

14,088

Between one and five years

42,593

56,680

56,681

70,768

Non-cancellable

operating leases

31.8.25

31.8.24

£

£

Within one year

11,983

11,983

Between one and five years

62,955

74,938

74,938

86,921

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank loans

38,684

61,587

Hire purchase contracts

56,681

70,768

95,365

132,355

The company has a Term Loan for £99,000 - 19 July 2019 with the Clydesdale Bank Plc which is repayable by instalments over a period over 8 years. The loan is secured by a standard security by Sandpoint Marina Ltd in favour of the Clydesdale Bank Plc over the ground at Woodyard Road, Dumbarton DMB 20998 and by a floating charge over 'The whole of the property, assets and rights (including uncalled capital) which are or may from time to time, while this Charge is in force, be comprised in the property and undertaking of the company'.

10.	RELATED PARTY DISCLOSURES

Included in Other Creditors at 31 August 2025 is a balance of £31,362 (2024 - £17,420) in relation to the director.