REGISTERED NUMBER: SC538812 (Scotland)

Financial Statements For The Year Ended 31 October 2025

for

Cruachan Developments Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S N Fraser

D O Fraser

A M Fraser

REGISTERED OFFICE:

Moniack

Balmaha

By Drymen

G63 0JQ

REGISTERED NUMBER:

SC538812 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

4

1,794,520

1,561,806

Investments

5

145,232

-

1,939,752

1,561,806

CURRENT ASSETS

Stocks

6

25,568

23,800

Debtors

7

142,990

91,268

Cash at bank and in hand

19,925

239,711

188,483

354,779

CREDITORS

Amounts falling due within one year

8

924,417

638,477

NET CURRENT LIABILITIES

(735,934

)

(283,698

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,203,818

1,278,108

CREDITORS

Amounts falling due after more than one year

9

(182,084

)

(198,060

)

PROVISIONS FOR LIABILITIES

(38,953

)

(47,931

)

NET ASSETS

982,781

1,032,117

CAPITAL AND RESERVES

Called up share capital

3

3

Revaluation reserve

11

64,500

66,000

Retained earnings

918,278

966,114

982,781

1,032,117

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

1.	STATUTORY INFORMATION

Cruachan Developments Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixed plant and equipment

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

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

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Leases

As lessee

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.

As lessor

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.

Pension costs and other post-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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixed

Fixtures

Freehold

plant and

and

Motor

property

equipment

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 November 2024

1,541,168

145,704

11,434

6,786

1,705,092

Additions

243,371

-

18,607

-

261,978

At 31 October 2025

1,784,539

145,704

30,041

6,786

1,967,070

DEPRECIATION

At 1 November 2024

50,030

84,125

3,535

5,596

143,286

Charge for year

1,044

23,411

4,020

789

29,264

At 31 October 2025

51,074

107,536

7,555

6,385

172,550

NET BOOK VALUE

At 31 October 2025

1,733,465

38,168

22,486

401

1,794,520

At 31 October 2024

1,491,138

61,579

7,899

1,190

1,561,806

Land and buildings with a carrying amount of £220,000 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.

Cost or valuation at 31 October 2025 is represented by:

Fixed

Fixtures

Freehold

plant and

and

Motor

property

equipment

fittings

vehicles

Totals

£

£

£

£

£

Valuation in 2018

45,000

-

-

-

45,000

Cost

1,739,539

145,704

30,041

6,786

1,922,070

1,784,539

145,704

30,041

6,786

1,967,070

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

175,000

175,000

Aggregate depreciation

24,500

21,000

Value of land in freehold land and buildings

150,500

154,000

Freehold land and buildings were valued on an open market basis on 1 November 2019 by the directors .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

Additions

172,362

Impairments

(27,130

)

At 31 October 2025

145,232

NET BOOK VALUE

At 31 October 2025

145,232

6.

STOCKS

2025

2024

£

£

Stocks

25,568

23,800

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

137,669

88,532

Prepayments and accrued income

5,321

2,736

142,990

91,268

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,834

10,000

Trade creditors

44,555

31,919

Tax

-

67,224

Social security and other taxes

3,523

390

VAT

59,530

104,134

Other creditors

770,502

246,857

Directors' current accounts

18,543

78,793

Accrued expenses

11,787

89,017

Deferred government grants

10,143

10,143

924,417

638,477

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

-

5,833

Government grants

182,084

192,227

182,084

198,060

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

187,918

208,060

The bank holds a floating charge over the assets and undertakings of the company.

11.

RESERVES

Revaluation

reserve

£

At 1 November 2024

66,000

Transfers

(1,500

)

At 31 October 2025

64,500

12.	RELATED PARTY DISCLOSURES

At the year end, the company was due £75,297 (2024: £85,547) and owed £566,413 (2024: £246,778) to related parties.They are related to the company by virtue of common directorship and control.