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Registration number: SC716035

Island Solutions Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 November 2025

Island Solutions Limited

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Detailed Profit and Loss Account | 4 to 5
Profit and Loss Account | 6
Statement of Comprehensive Income | 7
Balance Sheet | 8
Statement of Changes in Equity | 9
Notes to the Unaudited Financial Statements | 10 to 13

Island Solutions Limited

Company Information

Directors | Mrs Chermaine Laurie Mr Calum Laurie

Registered office | Ash Tree Cottage Pennyghael Isle of Mull Argyll Scotland PA70 6HE

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

Island Solutions Limited

Directors' Report for the Year Ended 30 November 2025

The directors present their report and the financial statements for the year ended 30 November 2025.

Directors of the company

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

Mrs Chermaine Laurie

Mr Calum Laurie

Principal activity

The principal activity of the company is operating a camp site

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 June 2026 and signed on its behalf by:

......................................... Mrs Chermaine Laurie Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Island Solutions Limited
for the Year Ended 30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Island Solutions Limited for the year ended 30 November 2025 as set out on pages 6 to 13 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 Island Solutions 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 Island Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Island Solutions 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 Island Solutions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Island Solutions 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 loss of Island Solutions Limited. You consider that Island Solutions 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 Island Solutions 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 June 2026

Island Solutions Limited

Detailed Profit and Loss Account for the Year Ended 30 November 2025

| 2025 £ | 2024 £
turnover (analysed below) | - | 98,665
Cost of sales (analysed below) | - | (35,944)
Gross profit | - | 62,721
Gross profit (%) | 0% | 63.57%
Administrative expenses |  |
Establishment costs (analysed below) | (2,000) | (6,000)
General administrative expenses (analysed below) | (3,907) | (12,745)
| (5,907) | (18,745)
Operating (loss)/profit | (5,907) | 43,976
(Loss)/profit before tax | (5,907) | 43,976

Island Solutions Limited

Detailed Profit and Loss Account for the Year Ended 30 November 2025

| 2025 £ | 2024 £

Turnover |  |
Sale of goods, UK | - | 98,665

Cost of sales |  |
Purchases | (41,690) | (35,944)
Closing work in progress | 41,690 | -
| - | (35,944)

Establishment costs |  |
Rent | (2,000) | (6,000)

General administrative expenses |  |
Repairs and maintenance | (3,116) | -
Trade subscriptions | (18) | -
Travel and subsistence | (73) | -
Accountancy fees | (700) | (245)
Management fees | - | (12,500)
| (3,907) | (12,745)

Island Solutions Limited

Profit and Loss Account for the Year Ended 30 November 2025

| Note | 2025 £ | 2024 £
Turnover |  | - | 98,665
Cost of sales |  | - | (35,944)
Gross profit |  | - | 62,721
Administrative expenses |  | (5,907) | (18,745)
Operating (loss)/profit |  | (5,907) | 43,976
(Loss)/profit before tax |  | (5,907) | 43,976
Tax on (loss)/profit |  | - | (8,355)
(Loss)/profit for the financial year |  | (5,907) | 35,621

The above results were derived from continuing operations.

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

Island Solutions Limited

Statement of Comprehensive Income for the Year Ended 30 November 2025

| 2025 £ | 2024 £
(Loss)/profit for the year | (5,907) | 35,621
Total comprehensive income for the year | (5,907) | 35,621

Island Solutions Limited

(Registration number: SC716035)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 3 | 33 | -
Current assets |  |  |
Stocks | 4 | 41,690 | -
Cash at bank and in hand |  | 903 | 56,289
|  | 42,593 | 56,289
Creditors: Amounts falling due within one year | 5 | (12,910) | (20,666)
Net current assets |  | 29,683 | 35,623
Net assets |  | 29,716 | 35,623
Capital and reserves |  |  |
Called up share capital | 6 | 2 | 2
Retained earnings |  | 29,714 | 35,621
Shareholders' funds |  | 29,716 | 35,623

For the financial year ending 30 November 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 June 2026 and signed on its behalf by:

......................................... Mrs Chermaine Laurie Director

Island Solutions Limited

Statement of Changes in Equity for the Year Ended 30 November 2025

| Share capital £ | Retained earnings £ | Total £
At 1 December 2024 | 2 | 35,621 | 35,623
Loss for the year | - | (5,907) | (5,907)
At 30 November 2025 | 2 | 29,714 | 29,716

| Share capital £ | Retained earnings £ | Total £
At 1 December 2023 | 2 | - | 2
Profit for the year | - | 35,621 | 35,621
At 30 November 2024 | 2 | 35,621 | 35,623

Island Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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 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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Island Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 | Investments

| 2025 £ | 2024 £
Investments in associates | 33 | -

Island Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Associates | £
Cost
Additions | 33
Provision
Carrying amount
At 30 November 2025 | 33

Aggregate financial information of associates

| 2025 £ | 2024 £

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Associates
GK Properties (Mull) Ltd | 1 Aldersyde Taynuilt Argyll | Ordinary shares | 33.3% | 0%
| Scotland |  |  |

Associates
GK Properties (Mull) Ltd The principal activity of GK Properties (Mull) Ltd is Property development. Its financial period end is 30 September.

4 | Stocks

| 2025 £ | 2024 £
Work in progress | 41,690 | -

Island Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 700 | -
Taxation and social security | 11,158 | 19,650
Other creditors | 1,052 | 1,016
| 12,910 | 20,666

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2