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REGISTERED NUMBER: SC275446 (Scotland)

NORTH HARRIS TRADING COMPANY LIMITED

Financial Statements for the Year Ended 31 October 2025

NORTH HARRIS TRADING COMPANY LIMITED (REGISTERED NUMBER: SC275446)

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

NORTH HARRIS TRADING COMPANY LIMITED

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | B M Mackay

| S Mccombe

| J Macrae

| P A Russ

| SECRETARY: | M J Hunter

| REGISTERED OFFICE: | Tigh an Urrais

| Main Street

| Tarbert

| Isle of Harris

| HS3 3DB

| REGISTERED NUMBER: | SC275446 (Scotland)

| SENIOR STATUTORY AUDITOR: | John E Moffat BA FCA

| AUDITORS: | Mann Judd Gordon Ltd

| Chartered Accountants

| & Statutory Auditors

| 26 Lewis Street

| Stornoway

| Isle of Lewis

| HS1 2JF

NORTH HARRIS TRADING COMPANY LIMITED (REGISTERED NUMBER: SC275446)

Balance Sheet

31 October 2025

| 31.10.25 | 31.10.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 97,035 |  | 70,800 |  |

CURRENT ASSETS

Stocks | 10,752 |  | 11,029 |  |

Debtors | 5 | 15,571 |  | 12,919 |  |

Cash at bank and in hand | 33,428 |  | 16,952 |  |

59,751 |  | 40,900 |  |

CREDITORS

Amounts falling due within one year | 6 | 10,956 |  | 6,875 |  |

NET CURRENT ASSETS | 48,795 |  | 34,025 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 145,830 |  | 104,825 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 43,610 |  | 17,000 |  |

NET ASSETS | 102,220 |  | 87,825 |  |

CAPITAL AND RESERVES

Called up share capital | 60,000 |  | 60,000 |  |

Retained earnings | 42,220 |  | 27,825 |  |

SHAREHOLDERS' FUNDS | 102,220 |  | 87,825 |  |

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 1 June 2026 and were signed on its behalf by:

B M Mackay - Director

NORTH HARRIS TRADING COMPANY LIMITED (REGISTERED NUMBER: SC275446)

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| North Harris Trading Company 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.

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

| Going concern

| The company is a going concern and there are no material uncertainties casting significant doubt over its ability to continue as a going concern.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover represents renewable energy income from turbines and solar panels as well as the sale of crofting supplies, excluding value added tax. Turnover is recognised when the risks and rewards associated with the transaction have transferred to the purchaser.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 20% depreciation on cost and 5% depreciation on cost

| Motor vehicles | - | 25% depreciation on reducing balance

| Stocks

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

| 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.

NORTH HARRIS TRADING COMPANY LIMITED (REGISTERED NUMBER: SC275446)

Notes to the Financial Statements - continued

for the Year Ended 31 October 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.

| Grants

| Grants of a revenue nature are taken to the Profit and Loss Account in the year in which the related expenditure is undertaken. Grants received which are related to capital expenditure are capitalised in the Balance Sheet under Creditors due after more than one year until the project is complete. At that point these grants are released to the Profit and Loss Account on the same basis as the related capital expenditure is depreciated.

| Debtors and creditors

| 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 November 2024 | 135,040 |  | 9,600 |  | 144,640 |  |

| Additions | 19,991 |  | 17,500 |  | 37,491 |  |

| Disposals | - |  | (9,600 | ) | (9,600 | ) |

| At 31 October 2025 | 155,031 |  | 17,500 |  | 172,531 |  |

| DEPRECIATION

| At 1 November 2024 | 66,740 |  | 7,100 |  | 73,840 |  |

| Charge for year | 8,391 |  | 1,021 |  | 9,412 |  |

| Eliminated on disposal | - |  | (7,756 | ) | (7,756 | ) |

| At 31 October 2025 | 75,131 |  | 365 |  | 75,496 |  |

| NET BOOK VALUE

| At 31 October 2025 | 79,900 |  | 17,135 |  | 97,035 |  |

| At 31 October 2024 | 68,300 |  | 2,500 |  | 70,800 |  |

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Trade debtors | 314 |  | 4,518 |  |

| Other debtors | 15,257 |  | 8,401 |  |

15,571 |  | 12,919 |  |

NORTH HARRIS TRADING COMPANY LIMITED (REGISTERED NUMBER: SC275446)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Trade creditors | 1,464 |  | 1,910 |  |

| Taxation and social security | 2 |  | 2 |  |

| Other creditors | 9,490 |  | 4,963 |  |

10,956 |  | 6,875 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.10.25 |  | 31.10.24

£ | £ |

| Amounts owed to group undertakings | 43,610 |  | 17,000 |  |

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Auditors' Report was unqualified.

| John E Moffat BA FCA (Senior Statutory Auditor)

| for and on behalf of Mann Judd Gordon Ltd

9. | ULTIMATE CONTROLLING PARTY

| The company is a wholly owned subsidiary of The North Harris Trust which is a charitable company limited by guarantee incorporated in Scotland.