REGISTERED NUMBER: SC045060 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Loanhead Transport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A B Malcolm

W H Malcolm

SECRETARY:

C R Stewart

REGISTERED OFFICE:

Brookfield House

2 Burnbrae Drive

Linwood Industrial Estate

Linwood

Renfrewshire

PA3 3BU

REGISTERED NUMBER:

SC045060 (Scotland)

ACCOUNTANTS:

Gillespie & Anderson

Chartered Accountants

147 Bath Street

Glasgow

G2 4SN

FIXED ASSETS

Tangible assets

4

1,711,058

1,555,525

Investment property

5

3,850,000

4,010,000

5,561,058

5,565,525

CURRENT ASSETS

Debtors

6

63,708

76,153

Cash at bank

352,683

2,277,132

416,391

2,353,285

CREDITORS

Amounts falling due within one year

7

220,711

359,576

NET CURRENT ASSETS

195,680

1,993,709

TOTAL ASSETS LESS CURRENT LIABILITIES

5,756,738

7,559,234

PROVISIONS FOR LIABILITIES

276,828

355,842

NET ASSETS

5,479,910

7,203,392

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable fair value reserve

2,472,470

2,472,470

Retained earnings

3,007,340

4,730,822

5,479,910

7,203,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2026 and were signed on its behalf by:

A B Malcolm - Director

1.	STATUTORY INFORMATION

Loanhead Transport 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Going concern

The company has cash resources and has no requirement for external funding. The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accountancy appropriate in preparing the annual financial statements.

Significant judgements and estimates

The Directors have made judgements, estimates and assumptions that affect the amounts reported within the financial statements during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The Directors' estimates, assumptions and judgements that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the financial statements are addressed and detail is provided in the associated notes.

Turnover

Turnover represents net sales of goods and services, excluding value added tax and discounts offered. Other operating income represents rental income received. Income is recognised when the company becomes entitled to the income, it can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company has no complex financial instruments but does hold basic financial instruments of cash at bank, debtors and creditors.

Cash and cash equivalents comprise cash at bank, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft would be shown within current liabilities.

Trade and other debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.

Trade and other creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Employee benefits

The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.

Provision for liabilities

A provision is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated reliably. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

4,056,075

Additions

965,930

Disposals

(838,830

)

At 31 October 2025

4,183,175

DEPRECIATION

At 1 November 2024

2,500,550

Charge for year

810,397

Eliminated on disposal

(838,830

)

At 31 October 2025

2,472,117

NET BOOK VALUE

At 31 October 2025

1,711,058

At 31 October 2024

1,555,525

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

4,010,000

Revaluations

(160,000

)

At 31 October 2025

3,850,000

NET BOOK VALUE

At 31 October 2025

3,850,000

At 31 October 2024

4,010,000

Included in fair value of investment property is freehold land of £ 681,611 (2024 - £ 681,611 ) which is not depreciated.

Fair value at 31 October 2025 is represented by:

£

Valuation in 2020

2,257,436

Valuation in 2025

(160,000

)

Cost

1,752,564

3,850,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,752,563

1,752,563

Aggregate depreciation

(563,134

)

(541,715

)

Investment properties were valued on an open market basis on 25 October 2025 by Pollock Property Advisors .

The directors are of the opinion that the revaluations represent fair values at the balance sheet date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

31,060

53,792

Other debtors

32,648

22,361

63,708

76,153

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

164,807

305,991

Other creditors

55,904

53,585

220,711

359,576

8.	RELATED PARTY DISCLOSURES

Andrew B Malcolm and Walter H Malcolm are directors of The Malcolm Group Limited, WH Malcolm Limited and Brookfield Securities Limited.

During the year £1,688,550 (2024 : £1,336,475) was received from WH Malcolm Limited for rental of land and hire of vehicles.