REGISTERED NUMBER: SC192001 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BHALTOS COMMUNITY TRUST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

Ms C A Bishop

Mr K Adams

Mrs L Buchanan

Mrs M C Macritchie

Mr A Fraser

Mrs J E Macleod

Mr J Buchanan

Ms A V Humble

SECRETARY:

Mr K Adams

REGISTERED OFFICE:

Trust Office

Miavaig

Uig

Isle of Lewis

HS2 9HW

REGISTERED NUMBER:

SC192001 (Scotland)

ACCOUNTANTS:

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

HS1 2DS

BANKERS:

Bank of Scotland

47 Cromwell Street

Stornoway

Isle of Lewis

HS1 2DE

FIXED ASSETS

234,502

Tangible assets

4

234,396

CURRENT ASSETS

180

Stocks

180

281

Debtors

5

127

41,563

Cash at bank

80,390

42,024

80,697

CREDITORS

924

Amounts falling due within one year

6

6,470

41,100

NET CURRENT ASSETS

74,227

275,602

TOTAL ASSETS LESS CURRENT LIABILITIES

308,623

RESERVES

162,230

Revaluation reserve

7

162,230

113,372

Income and expenditure account

146,393

275,602

308,623

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

The members have not required the company to obtain an audit of its financial statements for the year 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 surplus or deficit 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 1 May 2026 and were signed on its behalf by:

Ms C A Bishop - Director

Mrs L Buchanan - Director

1.	STATUTORY INFORMATION

Bhaltos Community Trust Limited is a private company, limited by guarantee , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

These statements are produced in sterling which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Turnover

Turnover represents members and associates fees, donations, rents and wayleaves.

Tangible fixed assets

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

Land and buildings

-

5% on cost and fully depreciated

Plant and machinery etc

-

fully depreciated

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

Totals

buildings

etc

£

£

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

361,994

332,924

29,070

DEPRECIATION

At 1 January 2025

127,492

98,422

29,070

Charge for year

106

106

-

At 31 December 2025

127,598

98,528

29,070

NET BOOK VALUE

At 31 December 2025

234,396

234,396

-

At 31 December 2024

234,502

234,502

-

Cost or valuation at 31 December 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2014

162,230

-

162,230

Cost

170,694

29,070

199,764

332,924

29,070

361,994

If freehold land and improvements had not been revalued they would have been included at the following historical cost:

31.12.25

31.12.24

as restated

£

£

Cost

165,369

165,369

Aggregate depreciation

81,936

81,936

Value of land in freehold land and buildings

83,433

83,433

Freehold land and improvements were valued on an open market basis on 30 May 2014 by District Valuer Services (DVS) .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

as restated

£

£

Trade debtors

-

154

Other debtors

127

127

127

281

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

as restated

£

£

Taxation and social security

636

-

Other creditors

5,834

924

6,470

924

7.

RESERVES

Revaluation

reserve

£

At 1 January 2025

and 31 December 2025

162,230

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bhaltos Community Trust Limited for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Bhaltos Community Trust Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bhaltos Community Trust Limited and state those matters that we have agreed to state to the Board of Directors of Bhaltos Community Trust Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bhaltos Community Trust Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bhaltos Community Trust Limited. You consider that Bhaltos Community Trust 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 financial statements of Bhaltos Community Trust 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 financial statements.

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

HS1 2DS

1 May 2026