Livingston Self Storage Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC489684

		30 November 2025		30 November 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,037,873		536,868

			1,037,873		536,868
CURRENT ASSETS
Stocks	5	3,988		1,631
Debtors	6	65,838		123,788
Cash at bank and in hand		56,751		100

		126,577		125,519
Creditors: Amounts Falling Due Within One Year	7	(1,756,851 )		(792,500 )

NET CURRENT ASSETS (LIABILITIES)			(1,630,274 )		(666,981 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(592,401 )		(130,113 )

NET LIABILITIES			(592,401 )		(130,113 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(592,501 )		(130,213 )

SHAREHOLDERS' FUNDS			(592,401)		(130,113)

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Livingston Self Storage Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Bruce Wishart

Director

24/03/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Livingston Self Storage Limited is a private company, limited by shares, incorporated in Scotland, registered number SC489684 . The registered office is 1 MacAdam Square, Brucefield Industry Park, Livingston, West Lothian, EH54 9DP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on the going concern basis. The directors have considered the company’s current financial position, forecast cash flows, and the support available from its owner.

The owner has confirmed their intention to continue to provide financial support to the company for at least twelve months from the date of approval of these financial statements. This support will ensure that the company can meet its liabilities as they fall due.

The company has prepared forecasts and projections which indicate that it will return to profitability in the foreseeable future. Based on this, and the committed financial backing, the directors believe that it is appropriate to prepare the financial statements on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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Livingston Self Storage Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	15% on cost
Plant & Machinery	25% RBM
Motor Vehicles	25% RBM
Fixtures & Fittings	25% RBM
Computer Equipment	25% RBM

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 December 2024	27,901	434,699	96,276	8,227	567,103
Additions	424,036	252,589	-	4,324	680,949

As at 30 November 2025	451,937	687,288	96,276	12,551	1,248,052

Depreciation
As at 1 December 2024	641	22,981	6,360	253	30,235
Provided during the period	26,227	128,164	22,479	3,074	179,944

As at 30 November 2025	26,868	151,145	28,839	3,327	210,179

Net Book Value
As at 30 November 2025	425,069	536,143	67,437	9,224	1,037,873

As at 1 December 2024	27,260	411,718	89,916	7,974	536,868

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Livingston Self Storage Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

5. Stocks

	30 November 2025	30 November 2024
	£	£
Stock	3,988	1,631

6. Debtors

	30 November 2025	30 November 2024
	£	£
Due within one year
Trade debtors	5,830	4,493
Prepayments and accrued income	6,496	-
Other debtors - Deposit	-	14,140
VAT	53,390	105,155
Directors' loan accounts	122	-

	65,838	123,788

7. Creditors: Amounts Falling Due Within One Year

	30 November 2025	30 November 2024
	£	£
Trade creditors	44,417	(2,367 )
Other taxes and social security	1,424	-
Pension accounts	4	-
Intercompany - Wishco Ltd	1,665,617	792,335
Other creditors control account	2,857	-
Accruals and deferred income	2,532	2,532
Directors' loan accounts	40,000	-

	1,756,851	792,500

8. Share Capital

	30 November 2025	30 November 2024
	£	£
Allotted, Called up and fully paid	100	100

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Livingston Self Storage Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Mr Bruce Wishart	-	122	-	-	122

The above loan is unsecured, interest free and repayable on demand.

10. Related Party Transactions

Parent company and controlling party

The company is a subsidiary of Wishco Limited, which owns the entire issued share capital of the company and is regarded by the directors as the company's immediate parent undertaking.

The issued share capital of Wishco Limited comprises ordinary shares held as to 2% by Mr Bruce Wishart, a director of the company, and as to 49% each by his two daughters.

As no individual shareholder holds a majority of the voting rights in Wishco Limited, the directors consider that there is no ultimate controlling party.

Wishco Limited

As disclosed above, Wishco Limited is the company's parent undertaking and a related party.

During the year Wishco Limited met a number of the company's operating costs on its behalf, including rent, rates, light and heat, motor expenses, IT software and consumables, and payroll-related payments, and settled trade creditor invoices on the company's behalf.

At 30 November 2025 the company owed Wishco Limited £1,662,567 (2024: £792,335). The balance is unsecured, interest-free and repayable on demand.

Wish PropCo Limited

Wish PropCo Limited is a related party by virtue of its common ownership by Mr Bruce Wishart, a director of the company, who holds the entire issued share capital of Wish PropCo Limited.

Directors

Details of advances and credits to directors are set out in note 9. In addition, at 30 November 2025 the company owed Mr James McLeary £40,000 (2024: £nil) in respect of a director's loan account.

The balance is unsecured, interest-free and repayable on demand.

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