Registration number: SC492758

Lamont Property Lets Limited

Contents

Company Information	1
Director's 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 12

Lamont Property Lets Limited

Company Information

Director

Mr Douglas Ian Lamont

Registered office

Duncraig House Salen Acharacle Argyll Argyll Scotland PH36 4JN

Accountants

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

Lamont Property Lets Limited

Director's Report for the Year Ended 31 December 2025

The director presents his report and the financial statements for the year ended 31 December 2025.

Director of the company

The director who held office during the year was as follows:

Mr Douglas Ian Lamont

Principal activity

The principal activity of the company is property letting

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 director on 10 May 2026
 

......................................... Mr Douglas Ian Lamont Director

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Lamont Property Lets Limited
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lamont Property Lets Limited for the year ended 31 December 2025 as set out on pages 4 to 12 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 Lamont Property Lets 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 Lamont Property Lets Limited and state those matters that we have agreed to state to the Board of Directors of Lamont Property Lets 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 Lamont Property Lets Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lamont Property Lets 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 Lamont Property Lets Limited. You consider that Lamont Property Lets 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 Lamont Property Lets 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

10 May 2026

Lamont Property Lets Limited

Profit and Loss Account for the Year Ended 31 December 2025

	Note	2025 £	2024 £
Turnover		52,144	68,637
Gross profit		52,144	68,637
Administrative expenses		95	(1,095,151)
Operating profit/(loss)		52,239	(1,026,514)
Income from participating interests		-	50,000
Profit/(loss) before tax	3	52,239	(976,514)
Tax on profit/(loss)		(11,265)	(10,014)
Profit/(loss) for the financial year		40,974	(986,528)

The above results were derived from continuing operations.

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

Lamont Property Lets Limited

Statement of Comprehensive Income for the Year Ended 31 December 2025

	2025 £	2024 £
Profit/(loss) for the year	40,974	(986,528)
Total comprehensive income for the year	40,974	(986,528)

Lamont Property Lets Limited

(Registration number: SC492758)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,560,117	1,533,225
Current assets
Debtors	6	-	2,941
Cash at bank and in hand		215,132	244,438
		215,132	247,379
Creditors: Amounts falling due within one year	7	(4,634)	(9,985)
Net current assets		210,498	237,394
Total assets less current liabilities		1,770,615	1,770,619
Creditors: Amounts falling due after more than one year	7	(614,273)	(654,751)
Net assets		1,156,342	1,115,868
Capital and reserves
Called up share capital	8	1	1
Retained earnings		1,156,341	1,115,867
Shareholders' funds		1,156,342	1,115,868

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

Director's 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 director acknowledges his 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 director on 10 May 2026
 

......................................... Mr Douglas Ian Lamont Director

Lamont Property Lets Limited

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

	Share capital £	Retained earnings £	Total £
At 1 January 2025	1	1,115,867	1,115,868
Profit for the year	-	40,974	40,974
Dividends	-	(500)	(500)
At 31 December 2025	1	1,156,341	1,156,342

	Share capital £	Retained earnings £	Total £
At 1 January 2024	1	2,103,395	2,103,396
Loss for the year	-	(986,528)	(986,528)
Dividends	-	(1,000)	(1,000)
At 31 December 2024	1	1,115,867	1,115,868

Lamont Property Lets Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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
Plant & machinery	20% reducing balance
Land & buildings	in accordance with the property

Lamont Property Lets Limited

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

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.

Investments

Investments are stated at cost less any permanent diminution in value

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.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

3	Profit/loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	146	182

Lamont Property Lets Limited

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

4	Tangible assets

	Land and buildings £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	1,532,494	5,192	1,537,686
Additions	27,038	-	27,038
At 31 December 2025	1,559,532	5,192	1,564,724
Depreciation
At 1 January 2025	-	4,461	4,461
Charge for the year	-	146	146
At 31 December 2025	-	4,607	4,607
Carrying amount
At 31 December 2025	1,559,532	585	1,560,117
At 31 December 2024	1,532,494	731	1,533,225

Included within the net book value of land and buildings above is £1,559,532 (2024 - £1,532,494) in respect of freehold land and buildings.
 

5	Investments

2025 £

2024 £