Company No: SC229677 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,868		3,464
		1,868		3,464
Current assets
Debtors	4	143,723		144,018
Cash at bank and in hand		4,559		1,272
		148,282		145,290
Creditors: amounts falling due within one year	5	( 19,814)		( 16,158)
Net current assets		128,468		129,132
Total assets less current liabilities		130,336		132,596
Net assets		130,336		132,596
Capital and reserves
Called-up share capital	6	25,000		25,000
Capital redemption reserve		25,000		25,000
Profit and loss account		80,336		82,596
Total shareholder's funds		130,336		132,596

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Highland Land Management Limited (registered number: SC229677) were approved and authorised for issue by the Board of Directors on 27 October 2026. They were signed on its behalf by:

Alistair Forbes Martin Director

Jonathan Wylie Martin Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Highland Land Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael Clava House, Cradlehall Business Park, Inverness, IV2 5GH, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company has recorded a loss for the year of £8,932 (2024 loss of £360) before tax. The company has net assets of £123,664 at the period end . It is recognised that the ability of the company to continue as a going concern is dependent on the on-going financial support of the company's shareholders WW Martin & Sons Garguston. WW Martin & Sons Garguston have confirmed that funds will be made available to allow the company to meet its liabilities as they fall due. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements and have considered a period of 12 months from the date of approval of these financial statements

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

10 - 15 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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 creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 November 2024	55,911		55,911
At 31 October 2025	55,911		55,911
Accumulated depreciation
At 01 November 2024	52,447		52,447
Charge for the financial year	1,596		1,596
At 31 October 2025	54,043		54,043
Net book value
At 31 October 2025	1,868		1,868
At 31 October 2024	3,464		3,464

4. Debtors

	2025		2024
	£		£
Trade debtors	21,585		17,796
Amounts owed by related parties	110,622		126,222
Corporation tax	11,516		0
	143,723		144,018

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	2,895		12,000
Taxation and social security	14,119		1,508
Other creditors	2,800		2,650
	19,814		16,158

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
25,000 Ordinary shares of £ 1.00 each	25,000		25,000

7. Related party transactions

Other related party transactions

	2025		2024
	£		£
Amounts due from entities with control, joint control or significant influence over the company	110,622		126,222

The above balances are unsecured, interest free and have no fixed terms of repayment.