REGISTERED NUMBER: SC127767 (Scotland)

Financial Statements for the Year Ended 30 November 2025

for

Highlanders Holding Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C J Hoogstede

Mrs N H Hoogstede

SECRETARY:

Mrs N H Hoogstede

REGISTERED OFFICE:

Wester Coshieville Farm

Grandtully

Aberfeldy

Perthshire

PH15 2QS

REGISTERED NUMBER:

SC127767 (Scotland)

FIXED ASSETS

Tangible assets

4

431,002

396,033

CURRENT ASSETS

Cash at bank

1,047

661

CREDITORS

Amounts falling due within one year

5

610,386

587,602

NET CURRENT LIABILITIES

(609,339

)

(586,941

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(178,337

)

(190,908

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(178,339

)

(190,910

)

SHAREHOLDERS' FUNDS

(178,337

)

(190,908

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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.

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 July 2026 and were signed on its behalf by:

C J Hoogstede - Director

1.	STATUTORY INFORMATION

Highlanders Holding 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life and is chargeable from the date the asset is brought into use

Improvements to property - 10% on reducing balance

Plant and machinery - 15% on reducing balance

Fixtures and fittings - 15% on reducing balance

Motor vehicles - 25% on reducing balance

Computer equipment - 25% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 December 2024

373,528

2,647

35,738

Additions

-

91

4,784

Disposals

-

-

-

At 30 November 2025

373,528

2,738

40,522

DEPRECIATION

At 1 December 2024

-

1,883

22,260

Charge for year

-

128

2,740

Eliminated on disposal

-

-

-

At 30 November 2025

-

2,011

25,000

NET BOOK VALUE

At 30 November 2025

373,528

727

15,522

At 30 November 2024

373,528

764

13,478

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2024

76,799

2,828

491,540

Additions

49,164

1,073

55,112

Disposals

(38,500

)

-

(38,500

)

At 30 November 2025

87,463

3,901

508,152

DEPRECIATION

At 1 December 2024

68,686

2,678

95,507

Charge for year

13,436

306

16,610

Eliminated on disposal

(34,967

)

-

(34,967

)

At 30 November 2025

47,155

2,984

77,150

NET BOOK VALUE

At 30 November 2025

40,308

917

431,002

At 30 November 2024

8,113

150

396,033

The estate from which the company operates is owned by the directors. The company's ownership extends only to the value of the tenant improvements.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

366

1,005

Other creditors

610,020

586,597

610,386

587,602

6.	CONTINGENT LIABILITIES

There were no contingent liabilities as at the balance sheet date.

7.	ULTIMATE CONTROLLING PARTY

The company was under the control of Mr and Mrs Hoogstede throughout the year under review. Mr and Mrs Hoogstede are the directors of the company.

8.	GOING CONCERN

At 30 November 2025 the company's current liabilities exceeded its current assets by £609,339. In addition the total assets of the company were in deficit by £178,337 at 30 November 2025. As a result the company is dependent on the continued support of the directors. The directors consider it reasonable to rely on the continuation of such support and are not aware of any reason why this support should be withdrawn.