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Registration number: SC787183

Lochavullin Commercial Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 October 2025

Lochavullin Commercial 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 10

Lochavullin Commercial Limited

Company Information

Directors | Mr Paul Gerrard Sloan Mr Calum Eoghann Maclachlainn

Company secretary | Katy Cameron

Registered office | Unit 8 Balisclate Industrial Estate Tobermory Isle Of Mull PA75 6QA

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

Lochavullin Commercial 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 Paul Gerrard Sloan

Mr Calum Eoghann Maclachlainn

Principal activity

The principal activity of the company is letting of commercial property

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 29 April 2026 and signed on its behalf by:

......................................... Mr Paul Gerrard Sloan Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Lochavullin Commercial 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 Lochavullin Commercial Limited for the year ended 31 October 2025 as set out on pages 4 to 10 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 Lochavullin Commercial 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 Lochavullin Commercial Limited and state those matters that we have agreed to state to the Board of Directors of Lochavullin Commercial 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 Lochavullin Commercial Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lochavullin Commercial 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 Lochavullin Commercial Limited. You consider that Lochavullin Commercial 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 Lochavullin Commercial 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

29 April 2026

Lochavullin Commercial Limited

Profit and Loss Account for the Year Ended 31 October 2025

| Note | 2025 £ | 2024 £
Turnover |  | 27,016 | 7,695
Gross profit |  | 27,016 | 7,695
Administrative expenses |  | (1,381) | (525)
Operating profit |  | 25,635 | 7,170
Profit before tax |  | 25,635 | 7,170
Tax on profit |  | (4,871) | (1,362)
Profit for the financial year |  | 20,764 | 5,808

The above results were derived from continuing operations.

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

Lochavullin Commercial Limited

Statement of Comprehensive Income for the Year Ended 31 October 2025

| 2025 £ | 2024 £
Profit for the year | 20,764 | 5,808
Total comprehensive income for the year | 20,764 | 5,808

Lochavullin Commercial Limited

(Registration number: SC787183)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 202,720 | 101,980
Current assets |  |  |
Debtors | 4 | 1,417 | 250
Cash at bank and in hand |  | 20,793 | 7,065
|  | 22,210 | 7,315
Creditors: Amounts falling due within one year | 5 | (198,258) | (103,387)
Net current liabilities |  | (176,048) | (96,072)
Net assets |  | 26,672 | 5,908
Capital and reserves |  |  |
Called up share capital | 6 | 100 | 100
Retained earnings |  | 26,572 | 5,808
Shareholders' funds |  | 26,672 | 5,908

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 29 April 2026 and signed on its behalf by:

......................................... Mr Paul Gerrard Sloan Director

Lochavullin Commercial Limited

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

| Share capital £ | Retained earnings £ | Total £
At 1 November 2024 | 100 | 5,808 | 5,908
Profit for the year | - | 20,764 | 20,764
At 31 October 2025 | 100 | 26,572 | 26,672

| Share capital £ | Retained earnings £ | Total £
Profit for the year | - | 5,808 | 5,808
New share capital subscribed | 100 | - | 100
At 31 October 2024 | 100 | 5,808 | 5,908

Lochavullin Commercial 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.

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 and 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.

Lochavullin Commercial Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 1 November 2024 | 101,980 | 101,980
Additions | 100,740 | 100,740
At 31 October 2025 | 202,720 | 202,720
Depreciation
Carrying amount
At 31 October 2025 | 202,720 | 202,720
At 31 October 2024 | 101,980 | 101,980

Included within the net book value of land and buildings above is £202,720 (2024 - £101,980) in respect of freehold land and buildings.

Lochavullin Commercial Limited

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

4 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 1,417 | 250
| 1,417 | 250

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 6,233 | 1,362
Other creditors | 192,025 | 102,025
| 198,258 | 103,387

6 | Share capital

Allotted, called up and fully paid shares

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