Land and Utility Limited

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

1. General Information

Land and Utility Limited is a private company, limited by shares, incorporated in Scotland, registered number SC281776 . The registered office is Davidde, Gavieside, West Calder, West Lothian, EH55 8PT.

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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are goodwill. It is amortised to profit and loss account over its estimated economic life of 3 years.

2.5. 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:

Plant & Machinery	20%
Motor Vehicles	25%

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. 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.

2.8. Financial Instruments

Basic financial instruments are initially recognised at transaction price, including transaction costs, and subsequently measured at amortised cost using the effective interest method, where applicable. These can include trade and other debtors, cash and bank balances, trade and other creditors, and intercompany balances. Financial assets are assessed at the end of each reporting period for evidence of impairment and adjusted if necessary. The company does not hold or issue any complex financial instruments such as derivatives.

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Land and Utility Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 20 (2024: 11)

4. Intangible Assets

	Other
	£
Cost
As at 1 October 2024	7,719

As at 30 September 2025	7,719

Amortisation
As at 1 October 2024	7,719

As at 30 September 2025	7,719

Net Book Value
As at 30 September 2025	-

As at 1 October 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 October 2024	161,843	265,070	426,913
Additions	63,000	79,000	142,000

As at 30 September 2025	224,843	344,070	568,913

...CONTINUED

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Land and Utility Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

Depreciation
As at 1 October 2024	122,395	181,177	303,572
Provided during the period	41,228	33,890	75,118

As at 30 September 2025	163,623	215,067	378,690

Net Book Value
As at 30 September 2025	61,220	129,003	190,223

As at 1 October 2024	39,448	83,893	123,341

6. Stocks

	2025	2024
	£	£
Stock	4,676	5,796
Work in progress	58,630	8,913

	63,306	14,709

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	136,394	35,408
Other debtors	289,480	252,108

	425,874	287,516

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	41,749	21,175
Trade creditors	96,005	48,922
Other creditors	156,608	131,783
Taxation and social security	193,759	120,431

	488,121	322,311

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	62,621	26,776

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Land and Utility Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	41,749	21,175
Later than one year and not later than five years	62,621	26,776

	104,370	47,951

	104,370	47,951

11. Share Capital

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

12. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	20,000	2,000

13. Related Party Transactions

The company operates a loan account with Curran and Curran Limited, the parent company.

During the year, Land and Utility Limited received loans totalling £0 from Curran and Curran Limited. At the year end, the balance due to Curran and Curran Limited was £146,575 (2024 - £126,575). This loan is unsecured, interest free and has no fixed repayment terms.

The company operates a loan account with Five Sisters Zoo Limited, a company controlled by Curran and Curran Limited.

During the year, Five Sisters Zoo Limited repaid loans totalling £54,289 to Land and Utility Limited. At the year end, the balance due from Five Sisters Zoo Limited was £102,887 (2024 - £157,176). This loan is unsecured, interest free and has no fixed repayment terms.

The company operates a loan account with RCA Garage Services Ltd, a company controlled by Curran and Curran Limited.

During the year, Land and Utility Limited advanced loans totalling £50,000 to RCA Garage Services Ltd. At the year end, the balance due from RCA Garage Services Ltd was £60,000 (2024 - £10,000). This loan is unsecured, interest free and has no fixed repayment terms.

The company operates a loan account with Garden Machinery Scotland Ltd, a company controlled by Mr B Curran and Mrs S Curran.

During the year, Land and Utility Limited advanced loans totalling £40,162 to Garden Machinery Scotland Ltd. At the year end, the balance due from Garden Machinery Scotland Limited was £40,162. This loan is unsecured, interest free and has no fixed repayment terms.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		190,223		123,341

			190,223		123,341
CURRENT ASSETS
Stocks	6	63,306		14,709
Debtors	7	425,874		287,516
Cash at bank and in hand		170,186		14,348

		659,366		316,573
Creditors: Amounts Falling Due Within One Year	8	(488,121 )		(322,311 )

NET CURRENT ASSETS (LIABILITIES)			171,245		(5,738 )

TOTAL ASSETS LESS CURRENT LIABILITIES			361,468		117,603

Creditors: Amounts Falling Due After More Than One Year	9		(62,621 )		(26,776 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(42,272 )		(25,435 )

NET ASSETS			256,575		65,392

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			256,475		65,292

SHAREHOLDERS' FUNDS			256,575		65,392