REGISTERED NUMBER: SC684279 (Scotland)

Cessation Financial Statements

for the Period 1 April 2025 to 31 January 2026

for

Glenuig R2K Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss R J Yard

REGISTERED OFFICE:

Beinn Seallach

Camaghael

Fort William

PH33 7NF

REGISTERED NUMBER:

SC684279 (Scotland)

ACCOUNTANTS:

Highland Accountancy Practice

Chartered Accountants

Suite 1A, Willow House

Stoneyfield Business Park

Inverness

Highland

IV2 7PA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

23,994

-

23,994

CURRENT ASSETS

Debtors

482

9,117

Cash at bank

139,765

98,087

140,247

107,204

CREDITORS

Amounts falling due within one year

159,066

156,153

NET CURRENT LIABILITIES

(18,819

)

(48,949

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(18,819

)

(24,955

)

PROVISIONS FOR LIABILITIES

-

5,999

NET LIABILITIES

(18,819

)

(30,954

)

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

(18,939

)

(31,074

)

SHAREHOLDERS' FUNDS

(18,819

)

(30,954

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 June 2026 and were signed by:

Miss R J Yard - Director

1.	STATUTORY INFORMATION

Glenuig R2K Ltd 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.

As at 31 March 2025 the company's liabilities exceeded its assets by £18,819 (2025 - £30,954). The company is being supported financially by its director and for this reason the accounts have been prepared on the going concern basis. Subsequent to the period end all third party debts were settled in full.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, was being amortised over its estimated useful life of 5 years, however the balance was written off in the year to 31 March 2025 due to the trade ceasing.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and Machinery

-

25% on reducing balance

Computer Equipment

-

33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

Taxation

Taxation for the period 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 period 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.

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 period was 1 (2025 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

110,000

Disposals

(110,000

)

At 31 January 2026

-

AMORTISATION

At 1 April 2025

110,000

Eliminated on disposal

(110,000

)

At 31 January 2026

-

NET BOOK VALUE

At 31 January 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

67,470

Disposals

(67,470

)

At 31 January 2026

-

DEPRECIATION

At 1 April 2025

43,476

Eliminated on disposal

(43,476

)

At 31 January 2026

-

NET BOOK VALUE

At 31 January 2026

-

At 31 March 2025

23,994

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 January 2026 and the year ended 31 March 2025:

31.1.26

31.3.25

£

£

Miss R J Yard

Balance outstanding at start of period

(119,987

)

(120,000

)

Amounts advanced

-

13

Amounts repaid

(13

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(120,000

)

(119,987

)