REGISTERED NUMBER: SC685194 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

LOCHSIDE APARTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Marshall

Mrs N Marshall

SECRETARY:

Mrs N Marshall

REGISTERED OFFICE:

Broombank

Union Road

FORT WILLIAM

Inverness-shire

PH33 6RB

REGISTERED NUMBER:

SC685194 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

FIXED ASSETS

Tangible assets

4

635,182

642,461

CURRENT ASSETS

Debtors

5

6,191

7,147

Cash at bank

18,392

20,851

24,583

27,998

CREDITORS

Amounts falling due within one year

6

223,631

226,343

NET CURRENT LIABILITIES

(199,048

)

(198,345

)

TOTAL ASSETS LESS CURRENT LIABILITIES

436,134

444,116

CREDITORS

Amounts falling due after more than one year

7

(360,318

)

(365,970

)

PROVISIONS FOR LIABILITIES

(5,459

)

(8,789

)

NET ASSETS

70,357

69,357

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

70,257

69,257

SHAREHOLDERS' FUNDS

70,357

69,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2026 and were signed on its behalf by:

L Marshall - Director

1.	STATUTORY INFORMATION

Lochside Apartments Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

and 31 January 2026

613,346

7,379

34,820

323

655,868

DEPRECIATION

At 1 February 2025

-

4,379

8,705

323

13,407

Charge for year

-

750

6,529

-

7,279

At 31 January 2026

-

5,129

15,234

323

20,686

NET BOOK VALUE

At 31 January 2026

613,346

2,250

19,586

-

635,182

At 31 January 2025

613,346

3,000

26,115

-

642,461

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

425

823

Other debtors

5,766

6,324

6,191

7,147

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

10,243

12,319

Hire purchase contracts

6,804

6,804

Taxation and social security

8,488

12,734

Other creditors

198,096

194,486

223,631

226,343

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

347,795

346,643

Hire purchase contracts

12,523

19,327

360,318

365,970

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

358,038

358,962

The Cambridge & Counties Bank Loan is subject to personal guarantees by directors' Lance Marshall and Ewan Mcivor.