REGISTERED NUMBER: SC367249 (Scotland)

Financial Statements For The Year Ended 31 October 2025

for

Oak Tree Loch Lomond Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S N Fraser

Mrs L Fraser

D O Fraser

A M Fraser

REGISTERED OFFICE:

Moniack

Balmaha

Glasgow

G63 0JQ

REGISTERED NUMBER:

SC367249 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

4

3,397,532

3,444,866

CURRENT ASSETS

Stocks

47,066

15,000

Debtors

5

1,058,832

557,530

Cash at bank and in hand

133,697

348,330

1,239,595

920,860

CREDITORS

Amounts falling due within one year

6

1,456,485

1,311,160

NET CURRENT LIABILITIES

(216,890

)

(390,300

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,180,642

3,054,566

CREDITORS

Amounts falling due after more than one year

7

(916,014

)

(1,033,114

)

PROVISIONS FOR LIABILITIES

(334,856

)

(339,670

)

NET ASSETS

1,929,772

1,681,782

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Revaluation reserve

9

1,038,812

1,062,970

Retained earnings

880,960

608,812

1,929,772

1,681,782

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2026 and were signed on its behalf by:

A M Fraser - Director

D O Fraser - Director

S N Fraser - Director

1.	STATUTORY INFORMATION

Oak Tree Loch Lomond 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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, rebates, value added tax and other sales taxes.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2024 - 94 ) .

4.	TANGIBLE FIXED ASSETS

Fixed

Fixtures

Land and

plant and

and

buildings

equipment

fittings

£

£

£

COST

At 1 November 2024

3,524,010

452,263

82,846

Additions

28,077

46,889

23,737

At 31 October 2025

3,552,087

499,152

106,583

DEPRECIATION

At 1 November 2024

398,086

324,731

35,364

Charge for year

70,671

39,242

15,397

At 31 October 2025

468,757

363,973

50,761

NET BOOK VALUE

At 31 October 2025

3,083,330

135,179

55,822

At 31 October 2024

3,125,924

127,532

47,482

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

230,908

32,289

4,322,316

Additions

12,200

4,415

115,318

At 31 October 2025

243,108

36,704

4,437,634

DEPRECIATION

At 1 November 2024

101,373

17,896

877,450

Charge for year

33,467

3,875

162,652

At 31 October 2025

134,840

21,771

1,040,102

NET BOOK VALUE

At 31 October 2025

108,268

14,933

3,397,532

At 31 October 2024

129,535

14,393

3,444,866

Land and buildings with a carrying amount of £2,821,817 were revalued at 01.11.18 by the directors of the

company. The valuation was based on recent market transactions on arm's length terms for similar

properties.

If revalued assets were stated on a historical cost basis rather than a fair value basis, the total amounts

included would have been as follows:

2025

2024

Cost

1,998,692

1,998,692

Aggregate depreciation

279,817

239,843

Value of land in freehold land and buildings

1,718,875

1,758,849

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

Fixed

plant and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 November 2024

183,013

31,336

214,349

Additions

24,500

-

24,500

Transfer to ownership

(150,000

)

-

(150,000

)

At 31 October 2025

57,513

31,336

88,849

DEPRECIATION

At 1 November 2024

142,001

10,772

152,773

Charge for year

7,662

5,141

12,803

Transfer to ownership

(123,303

)

-

(123,303

)

At 31 October 2025

26,360

15,913

42,273

NET BOOK VALUE

At 31 October 2025

31,153

15,423

46,576

At 31 October 2024

41,012

20,564

61,576

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

93

703

Other debtors

746,796

423,160

Prepayments and accrued income

111,943

133,667

858,832

557,530

Amounts falling due after more than one year:

Other debtors

200,000

-

Aggregate amounts

1,058,832

557,530

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

112,737

126,514

Hire purchase contracts

4,093

34,640

Trade creditors

200,191

224,244

Tax

101,567

99,013

Social security and other taxes

29,957

9,131

VAT

206,340

204,221

Other creditors

468,981

256,263

Directors' current accounts

309,052

266,218

Accrued expenses

23,524

90,873

Deferred government grants

43

43

1,456,485

1,311,160

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

98,192

119,242

Bank loans - 2-5 years

294,577

314,090

Bank loans more 5 yr by instal

511,873

587,258

Hire purchase contracts

9,445

-

Other creditors

-

10,555

Deferred government grants

1,927

1,969

916,014

1,033,114

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

511,873

587,258

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,017,379

1,147,104

The bank hold a standard security and floating charge over the property and undertakings of the company.

9.

RESERVES

Revaluation

reserve

£

At 1 November 2024

1,062,970

Transfer

(24,158

)

At 31 October 2025

1,038,812

10.	RELATED PARTY DISCLOSURES

At the year end, the company was due £935,780 (2024: £403,915) and owed £401,648 (2024: £190,526) to related parties. They are related to the company by virtue of common directorship and control.