Registration number: SC711888

PB Properties (Oban) Limited

Contents

Company Information	1
Directors' 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

PB Properties (Oban) Limited

Company Information

Directors

Mr Bryan Livingston Mr Paul Gerrard Sloan

Registered office

Ranald Hotel 41 Stevenson Street Oban Argyll Argyll Scotland PA34 5NA

Accountants

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

PB Properties (Oban) Limited

Directors' Report for the Year Ended 31 October 2025

The directors present their report and the financial statements for the year ended 31 October 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr Bryan Livingston

Mr Paul Gerrard Sloan

Principal activity

The principal activity of the company is provision of self catering 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 Board on 16 May 2026 and signed on its behalf by:
 

......................................... Mr Bryan Livingston Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
PB Properties (Oban) Limited
for the Year Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PB Properties (Oban) Limited for the year ended 31 October 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 PB Properties (Oban) 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 PB Properties (Oban) Limited and state those matters that we have agreed to state to the Board of Directors of PB Properties (Oban) 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 PB Properties (Oban) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that PB Properties (Oban) 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 PB Properties (Oban) Limited. You consider that PB Properties (Oban) 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 PB Properties (Oban) 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

16 May 2026

PB Properties (Oban) Limited

Profit and Loss Account for the Year Ended 31 October 2025

	Note	2025 £	2024 £
Turnover		41,133	25,510
Gross profit		41,133	25,510
Administrative expenses		(17,123)	(13,341)
Operating profit		24,010	12,169
Interest payable and similar expenses		(6,000)	(6,500)
Profit before tax	3	18,010	5,669
Profit for the financial year		18,010	5,669

The above results were derived from continuing operations.

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

PB Properties (Oban) Limited

Statement of Comprehensive Income for the Year Ended 31 October 2025

	2025 £	2024 £
Profit for the year	18,010	5,669
Total comprehensive income for the year	18,010	5,669

PB Properties (Oban) Limited

(Registration number: SC711888)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	217,913	219,518
Current assets
Cash at bank and in hand		21,029	13,298
Creditors: Amounts falling due within one year	5	(224,271)	(219,854)
Net current liabilities		(203,242)	(206,556)
Total assets less current liabilities		14,671	12,962
Creditors: Amounts falling due after more than one year	5	(123,160)	(139,461)
Net liabilities		(108,489)	(126,499)
Capital and reserves
Called up share capital	6	100	100
Retained earnings		(108,589)	(126,599)
Shareholders' deficit		(108,489)	(126,499)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 Board on 16 May 2026 and signed on its behalf by:
 

......................................... Mr Bryan Livingston Director

PB Properties (Oban) Limited

Statement of Changes in Equity for the Year Ended 31 October 2025

	Share capital £	Retained earnings £	Total £
At 1 November 2024	100	(126,599)	(126,499)
Profit for the year	-	18,010	18,010
At 31 October 2025	100	(108,589)	(108,489)

	Share capital £	Retained earnings £	Total £
At 1 November 2023	100	(132,268)	(132,168)
Profit for the year	-	5,669	5,669
At 31 October 2024	100	(126,599)	(126,499)

PB Properties (Oban) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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.

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
Freehold property	in accordance with the property
Plant and machinery	20% reducing balance

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.

PB Properties (Oban) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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 directors) during the year, was 2 (2024 - 2).

3	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	1,605	2,007

PB Properties (Oban) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Tangible assets

	Land and buildings £	Other tangible assets £	Total £
Cost or valuation
At 1 November 2024	211,490	12,543	224,033
At 31 October 2025	211,490	12,543	224,033
Depreciation
At 1 November 2024	-	4,515	4,515
Charge for the year	-	1,605	1,605
At 31 October 2025	-	6,120	6,120
Carrying amount
At 31 October 2025	211,490	6,423	217,913
At 31 October 2024	211,490	8,028	219,518

Included within the net book value of land and buildings above is £211,490 (2024 - £211,490) in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Other creditors	224,271	219,854

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	123,160	139,461

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £123,160 (2024 - £139,461).

6	Share capital

Allotted, called up and fully paid shares

PB Properties (Oban) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	123,160	139,461

Bank borrowings

Cumberland Building Society is denominated in GBP with a nominal interest rate of 4.84%%, and the final instalment is due on 30 June 2037. The carrying amount at year end is £123,160 (2024 - £139,461). Capital repayment loan secured on freehold property

8	Related party transactions

Loans from related parties

2025	Key management £	Total £
At start of period	195,354	195,354
At end of period	195,354	195,354

2024	Key management £	Total £
At start of period	195,354	195,354
At end of period	195,354	195,354