REGISTERED NUMBER: SC202581 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

THE CRANNOG CONCEPT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Finlay Donald Finlayson

Mrs Lorna Helen O'Neill Finlayson

SECRETARY:

Andrew Ross Carr

REGISTERED OFFICE:

Marine Walk

FORT WILLIAM

Inverness-shire

PH33 6FF

REGISTERED NUMBER:

SC202581 (Scotland)

ACCOUNTANTS:

R A Clement Associates

Chartered Accountants

Argyll Square

Oban

Argyll

PA34 4AZ

SOLICITORS:

Twin Deer Law

Ben Nevis Auction Mart

Torlumdy

Fort William

PH33 6SW

FIXED ASSETS

Intangible assets

4

26

39

Tangible assets

5

18,002

20,110

Investments

6

40,001

40,001

58,029

60,150

CURRENT ASSETS

Debtors

7

23,148

178,455

Cash at bank

18,487

8,722

41,635

187,177

CREDITORS

Amounts falling due within one year

8

329,007

203,767

NET CURRENT LIABILITIES

(287,372

)

(16,590

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(229,343

)

43,560

CREDITORS

Amounts falling due after more than one year

9

-

22,500

NET (LIABILITIES)/ASSETS

(229,343

)

21,060

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(229,345

)

21,058

SHAREHOLDERS' FUNDS

(229,343

)

21,060

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 22 September 2026 and were signed on its behalf by:

Finlay Donald Finlayson - Director

1.	STATUTORY INFORMATION

The Crannog Concept 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 presented in Sterling (£).

With regard to Going Concern, the directors have pledged to support the company and pay any liabilities as they fall due.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Computer software

Computer software is amortised at 33% reducing balance per annum.

Tangible fixed assets

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

Improvements to property

-

in accordance with the property

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2025

and 31 December 2025

3,310

AMORTISATION

At 1 January 2025

3,271

Amortisation for year

13

At 31 December 2025

3,284

NET BOOK VALUE

At 31 December 2025

26

At 31 December 2024

39

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

15,745

319,069

6,500

46,602

387,916

DEPRECIATION

At 1 January 2025

2,853

315,087

3,815

46,051

367,806

Charge for year

508

754

671

175

2,108

At 31 December 2025

3,361

315,841

4,486

46,226

369,914

NET BOOK VALUE

At 31 December 2025

12,384

3,228

2,014

376

18,002

At 31 December 2024

12,892

3,982

2,685

551

20,110

Cost or valuation at 31 December 2025 is represented by:

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 2025

15,745

319,069

6,500

46,602

387,916

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

39,001

1,000

40,001

NET BOOK VALUE

At 31 December 2025

39,001

1,000

40,001

At 31 December 2024

39,001

1,000

40,001

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

179

2,500

Amounts owed by group undertakings

12,802

166,422

Other debtors

10,167

9,533

23,148

178,455

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

22,500

30,000

Trade creditors

119,876

89,677

Amounts owed to group undertakings

105,978

21,728

Taxation and social security

34,040

34,606

Other creditors

46,613

27,756

329,007

203,767

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

22,500

10.	SECURED DEBTS

The company's bankers, Bank of Scotland PLC, hold a Bond & Floating Charge over the whole assets of the Company.