REGISTERED NUMBER: SC018748 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Thrumster Estate Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Islay Macleod

Andrew Harmsworth

Ms Catherine Mary Macleod

William Robert Joe Sinclair

REGISTERED OFFICE:

Thrumster House

Thrumster

Caithness

KW1 5TX

REGISTERED NUMBER:

SC018748 (Scotland)

ACCOUNTANTS:

Mackay & Co CA

3 Fodderty Way

Dingwall

Ross-shire

IV15 9XB

FIXED ASSETS

Tangible assets

4

2,277,690

2,277,756

CURRENT ASSETS

Debtors

5

33,930

29,250

Cash at bank and in hand

13,932

114

47,862

29,364

CREDITORS

Amounts falling due within one year

6

75,363

76,330

NET CURRENT LIABILITIES

(27,501

)

(46,966

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,250,189

2,230,790

CREDITORS

Amounts falling due after more than one year

7

-

(3,350

)

PROVISIONS FOR LIABILITIES

(310,257

)

(309,843

)

NET ASSETS

1,939,932

1,917,597

CAPITAL AND RESERVES

Called up share capital

11,000

11,000

Retained earnings

1,928,932

1,906,597

SHAREHOLDERS' FUNDS

1,939,932

1,917,597

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 13 July 2026 and were signed on its behalf by:

Mrs Islay Macleod - Director

1.	STATUTORY INFORMATION

Thrumster Estate 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

2,277,320

20,900

2,298,220

DEPRECIATION

At 1 January 2025

-

20,464

20,464

Charge for year

-

66

66

At 31 December 2025

-

20,530

20,530

NET BOOK VALUE

At 31 December 2025

2,277,320

370

2,277,690

At 31 December 2024

2,277,320

436

2,277,756

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

33,930

29,250

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

43,093

43,401

Trade creditors

16,262

16,261

Other creditors

16,008

16,668

75,363

76,330

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

-

3,350

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank overdrafts

43,093

43,401

9.	RELATED PARTY DISCLOSURES

The company has a formal lease arrangement with one of its shareholders and directors, Mrs I J W MacLeod, whereby in exchange for a normal commercial rent she has use of the Sporting Lets available over the company's land and the use of house and cottages for sporting guests. The value of the lease during the year ended 31 December 2025 was £18,000 (2024 - £14,400) and the balance due at the end of the year was nil (2024 - nil). Thrumster Field Sports, a business controlled by Mrs I J W MacLeod paid Thrumster Estates Limited £nil (2024 - £2,270) as a contribution towards rates and utilities. The directors believe these transactions to be at fair market value.

10.	CONTROLLING PARTY

The controlling parties are Captain Harmsworth and Mrs I J W MacLeod.