Registration number: SC790794

CCL Glenforsa Limited

Contents

Company Information	1
Director's Report	2
Accountants' Report	3
Profit and Loss Account	4
Statement of Comprehensive Income	5
Balance Sheet	6
Statement of Changes in Equity	7
Notes to the Unaudited Financial Statements	8 to 11

CCL Glenforsa Limited

Company Information

Director

Mr Calum Laurie

Registered office

Ash Tree Cottage Pennyghael Isle of Mull Argyll Scotland PA70 6HE

Accountants

Jack MacDonald & Co Cuan Aille 1 Aldersyde Taynuilt Argyll PA35 1AG

CCL Glenforsa Limited

Director's Report for the Year Ended 30 November 2025

The director presents his report and the financial statements for the year ended 30 November 2025.

Director of the company

The director who held office during the year was as follows:

Mr Calum Laurie

Principal activity

The principal activity of the company is provision of holiday accommodation

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 14 May 2026
 

......................................... Mr Calum Laurie Director

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
CCL Glenforsa Limited
for the Year Ended 30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CCL Glenforsa Limited for the year ended 30 November 2025 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of CCL Glenforsa Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of CCL Glenforsa Limited and state those matters that we have agreed to state to the Board of Directors of CCL Glenforsa Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CCL Glenforsa Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that CCL Glenforsa Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CCL Glenforsa Limited. You consider that CCL Glenforsa Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of CCL Glenforsa Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

14 May 2026

CCL Glenforsa Limited

Profit and Loss Account for the Year Ended 30 November 2025

	Note	2025 £	2024 £
Turnover		58,289	45,917
Cost of sales		(10,766)	(7,126)
Gross profit		47,523	38,791
Administrative expenses		(20,941)	(15,477)
Operating profit		26,582	23,314
Profit before tax		26,582	23,314
Tax on profit		(5,169)	(4,430)
Profit for the financial year		21,413	18,884

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

CCL Glenforsa Limited

Statement of Comprehensive Income for the Year Ended 30 November 2025

	2025 £	2024 £
Profit for the year	21,413	18,884
Total comprehensive income for the year	21,413	18,884

CCL Glenforsa Limited

(Registration number: SC790794)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	324,670	324,670
Current assets
Cash at bank and in hand		36,468	24,316
Creditors: Amounts falling due within one year	4	(6,169)	(5,430)
Net current assets		30,299	18,886
Total assets less current liabilities		354,969	343,556
Creditors: Amounts falling due after more than one year	4	(314,670)	(324,670)
Net assets		40,299	18,886
Capital and reserves
Called up share capital	5	2	2
Retained earnings		40,297	18,884
Shareholders' funds		40,299	18,886

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 14 May 2026
 

......................................... Mr Calum Laurie Director

CCL Glenforsa Limited

Statement of Changes in Equity for the Year Ended 30 November 2025

	Share capital £	Retained earnings £	Total £
At 1 December 2024	2	18,884	18,886
Profit for the year	-	21,413	21,413
At 30 November 2025	2	40,297	40,299

	Share capital £	Retained earnings £	Total £
Profit for the year	-	18,884	18,884
New share capital subscribed	2	-	2
At 30 November 2024	2	18,884	18,886

CCL Glenforsa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land & buildings	in accordance with the property

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

CCL Glenforsa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

CCL Glenforsa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

3	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 December 2024	324,670	324,670
At 30 November 2025	324,670	324,670
Depreciation
Carrying amount
At 30 November 2025	324,670	324,670
At 30 November 2024	324,670	324,670

Included within the net book value of land and buildings above is £324,670 (2024 - £324,670) in respect of freehold land and buildings.
 

CCL Glenforsa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	5,169	4,430
Accruals and deferred income	1,000	1,000
	6,169	5,430

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	6	314,670	324,670

5	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

6	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	314,670	324,670