REGISTERED NUMBER: SC218515 (Scotland)

Unaudited Financial Statements for the Year Ended 27 August 2025

for

Harbour Havens Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

Mrs Anne Acuna

Mr Waldo R Acuna

SECRETARY:

Mrs Anne Acuna

REGISTERED OFFICE:

Kildonan Hotel

Kildonan

Isle of Arran

KA27 8SE

REGISTERED NUMBER:

SC218515 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

592,663

616,259

CURRENT ASSETS

Stock

10,000

20,000

Cash at bank and in hand

3,763

214

13,763

20,214

CREDITORS

Amounts falling due within one year

5

375,964

435,923

NET CURRENT LIABILITIES

(362,201

)

(415,709

)

TOTAL ASSETS LESS CURRENT LIABILITIES

230,462

200,550

CREDITORS

Amounts falling due after more than one year

6

(431,454

)

(350,151

)

PROVISIONS FOR LIABILITIES

8

(835

)

(2,259

)

ACCRUALS AND DEFERRED INCOME

(71,825

)

(74,594

)

NET LIABILITIES

(273,652

)

(226,454

)

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(273,654

)

(226,456

)

SHAREHOLDERS' FUNDS

(273,652

)

(226,454

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2026 and were signed on its behalf by:

Mrs Anne Acuna - Director

1.	STATUTORY INFORMATION

Harbour Havens 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.

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.

The financial statements are prepared on the going concern basis of accounting which assumes the continuing support of the company's directors and bankers.

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.

Heritable property

-

2% on cost

Fittings and equipment

-

10% on cost

Stocks

Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Government grants

Government grants received in respect of expenditure on fixed assets are credited to reserves and released to profit and loss account evenly over the expected useful lives of the assets concerned.

Grant income

Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fittings

Heritable

and

property

equipment

Totals

£

£

£

COST OR VALUATION

At 28 August 2024

1,009,094

333,197

1,342,291

Additions

6,842

-

6,842

At 27 August 2025

1,015,936

333,197

1,349,133

DEPRECIATION

At 28 August 2024

405,418

320,614

726,032

Charge for year

22,808

7,630

30,438

At 27 August 2025

428,226

328,244

756,470

NET BOOK VALUE

At 27 August 2025

587,710

4,953

592,663

At 27 August 2024

603,676

12,583

616,259

The company's heritable property was valued at £600,000 on an open market basis by J & E Shepherd, Chartered Surveyors, on 20th November 2003. Additional works have been undertaken since that date and in the opinion of the directors the value of the heritable property is substantially in excess of the historical cost at which they are included in these financial statements.

Cost or valuation at 27 August 2025 is represented by:

Fittings

Heritable

and

property

equipment

Totals

£

£

£

Cost

1,015,936

333,197

1,349,133

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

39,947

-

Trade creditors

4,830

4,830

Taxation and social security

174,071

271,423

Other creditors

157,116

159,670

375,964

435,923

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

431,454

350,151

The Directors loan account is interest free and should not fall below £60,000 for a period of 5 years under the terms of the government grant assistance provided towards the cost of the company's heritable property.

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

39,947

-

Other loans

154,894

168,408

194,841

168,408

Mortgage loans are secured by a standard security over the company's heritable property and by a bond and floating charge over the whole of the company's assets.

Bank overdrafts and loans are secured by a second bond and floating charge over the whole of the company's assets.

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

835

2,259

Deferred

tax

£

Balance at 28 August 2024

2,259

Credit to Statement of Income and Retained Earnings during year

(1,424

)

Balance at 27 August 2025

835

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of the two directors, Mrs A Acuna and Mr W R Acuna, who together own the entire issued share capital of the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harbour Havens Limited for the year ended 27 August 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Harbour Havens Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harbour Havens Limited and state those matters that we have agreed to state to the Board of Directors of Harbour Havens Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Harbour Havens Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Harbour Havens Limited. You consider that Harbour Havens 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 financial statements of Harbour Havens 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 financial statements.

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

19 August 2026