REGISTERED NUMBER: SC221198 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 July 2026

for

Harbour Lights (Peterhead) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Sangster

REGISTERED OFFICE:

122 Longate

Peterhead

Aberdeenshire

AB42 1JU

REGISTERED NUMBER:

SC221198 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

259,146

271,200

Investment property

5

80,000

80,000

339,146

351,200

CURRENT ASSETS

Stocks

17,893

18,860

Debtors

6

13,939

11,885

Cash at bank and in hand

27,343

35,607

59,175

66,352

CREDITORS

Amounts falling due within one year

7

102,128

92,047

NET CURRENT LIABILITIES

(42,953

)

(25,695

)

TOTAL ASSETS LESS CURRENT LIABILITIES

296,193

325,505

CREDITORS

Amounts falling due after more than one year

8

-

(600

)

PROVISIONS FOR LIABILITIES

(4,556

)

(5,136

)

NET ASSETS

291,637

319,769

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

27,934

27,934

Retained earnings

9

263,603

291,735

SHAREHOLDERS' FUNDS

291,637

319,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 8 October 2026 and were signed by:

I Sangster - Director

1.	STATUTORY INFORMATION

Harbour Lights (Peterhead) 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.

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods to customers. Revenue is recognised at the point of sale.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant & Equipment

-

15% on cost

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Investment property

The investment properties were valued at fair value on 31 July 2026 by the company director. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

Stocks

Stocks 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2025 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant &

and

Computer

property

Equipment

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 August 2025

449,935

70,948

850

3,130

524,863

Additions

-

474

-

794

1,268

Disposals

-

(5,331

)

-

(1,336

)

(6,667

)

At 31 July 2026

449,935

66,091

850

2,588

519,464

DEPRECIATION

At 1 August 2025

193,363

57,132

707

2,461

253,663

Charge for year

8,999

3,411

29

591

13,030

Eliminated on disposal

-

(5,039

)

-

(1,336

)

(6,375

)

At 31 July 2026

202,362

55,504

736

1,716

260,318

NET BOOK VALUE

At 31 July 2026

247,573

10,587

114

872

259,146

At 31 July 2025

256,572

13,816

143

669

271,200

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Computer

equipment

£

COST

At 1 August 2025

and 31 July 2026

999

DEPRECIATION

At 1 August 2025

330

Charge for year

329

At 31 July 2026

659

NET BOOK VALUE

At 31 July 2026

340

At 31 July 2025

669

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2025

and 31 July 2026

80,000

NET BOOK VALUE

At 31 July 2026

80,000

At 31 July 2025

80,000

Fair value at 31 July 2026 is represented by:

£

Valuation in 2017

30,291

Cost

49,709

80,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.26

31.7.25

£

£

Other debtors

13,939

11,885

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.26

31.7.25

£

£

Hire purchase contracts

600

599

Trade creditors

22,416

24,717

Taxation and social security

13,015

10,329

Other creditors

66,097

56,402

102,128

92,047

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.26

31.7.25

£

£

Hire purchase contracts

-

600

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 August 2025

291,735

27,934

319,669

Profit for the year

6,278

6,278

Dividends

(34,410

)

(34,410

)

At 31 July 2026

263,603

27,934

291,537