Lochtower Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC175634 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Lochtower Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V C Wauchope

J A Wauchope

SECRETARY:

J A Wauchope

REGISTERED OFFICE:

Lochtower

Kelso

Roxburghshire

TD5 8PD

REGISTERED NUMBER:

SC175634 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Property, plant and equipment

4

1,255,887

1,366,831

CURRENT ASSETS

Inventories

228,276

187,329

Debtors

5

581,478

408,625

Cash at bank

69,693

73,227

879,447

669,181

CREDITORS

Amounts falling due within one year

6

829,960

667,616

NET CURRENT ASSETS

49,487

1,565

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,305,374

1,368,396

CREDITORS

Amounts falling due after more than one
year

7

(149,575

)

(141,919

)

PROVISIONS FOR LIABILITIES

(105,500

)

(123,500

)

NET ASSETS

1,050,299

1,102,977

CAPITAL AND RESERVES

Called up share capital

763,000

Retained earnings

287,299

339,977

1,050,299

1,102,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement 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:

J A Wauchope - Director

1.	STATUTORY INFORMATION

Lochtower 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.

Turnover

Revenue 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.

Poultry sheds & equipment

-

15% on reducing balance and 10% on cost

Plant and machinery

-

25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Tractors & vehicles

-

20% on reducing balance

Biomass & solar

-

5% on cost

Stocks

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Poultry

Land &

sheds &

Plant and

buildings

equipment

machinery

£

COST

At 1 December 2024

987,671

63,704

236,580

Additions

-

66,750

Disposals

-

(96,000

)

At 30 November 2025

987,671

63,704

207,330

DEPRECIATION

At 1 December 2024

124,663

48,910

159,505

Charge for year

-

2,219

18,707

Eliminated on disposal

-

(59,035

)

At 30 November 2025

124,663

51,129

119,177

NET BOOK VALUE

At 30 November 2025

863,008

12,575

88,153

At 30 November 2024

863,008

14,794

77,075

Tractors

Biomass &

& vehicles

solar

Totals

£

COST

At 1 December 2024

645,302

123,964

2,057,221

Additions

-

66,750

Disposals

(105,254

)

-

(201,254

)

At 30 November 2025

540,048

123,964

1,922,717

DEPRECIATION

At 1 December 2024

294,940

62,372

690,390

Charge for year

59,068

6,198

86,192

Eliminated on disposal

(50,717

)

-

(109,752

)

At 30 November 2025

303,291

68,570

666,830

NET BOOK VALUE

At 30 November 2025

236,757

55,394

1,255,887

At 30 November 2024

350,362

61,592

1,366,831

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

Trade debtors

119,793

106,081

Other debtors

461,685

302,544

581,478

408,625

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

Hire purchase contracts

81,094

78,834

Trade creditors

102,275

114,530

Taxation and social security

891

832

Other creditors

645,700

473,420

829,960

667,616

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30/11/25

30/11/24

£

Hire purchase contracts

149,575

141,919