REGISTERED NUMBER: SC275446 (Scotland)

NORTH HARRIS TRADING COMPANY LIMITED

Financial Statements for the Year Ended 31 October 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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

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.

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

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.