REGISTERED NUMBER: SC488315 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

HIGHLAND BUSINESS SUITES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Dow

Ms J Lister

REGISTERED OFFICE:

The Green House

Beechwood Business Park North

Inverness

Inverness-Shire

IV2 3BL

REGISTERED NUMBER:

SC488315 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

Royal Bank of Scotland

29 Harbour Road

Inverness

IV1 1NU

SOLICITORS:

Anderson Shaw & Gilbert

York House

20 Church Street

Inverness

IV1 1ED

FIXED ASSETS

Intangible assets

4

1,103

2,206

Tangible assets

5

1,378,274

1,475,337

1,379,377

1,477,543

CURRENT ASSETS

Debtors

6

73,616

35,785

Cash at bank and in hand

72,542

33,188

146,158

68,973

CREDITORS

Amounts falling due within one year

7

57,871

66,755

NET CURRENT ASSETS

88,287

2,218

TOTAL ASSETS LESS CURRENT LIABILITIES

1,467,664

1,479,761

CREDITORS

Amounts falling due after more than one year

8

1,572,628

1,714,288

NET LIABILITIES

(104,964

)

(234,527

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(105,064

)

(234,627

)

SHAREHOLDERS' FUNDS

(104,964

)

(234,527

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2026 and were signed on its behalf by:

H Dow - Director

Ms J Lister - Director

1.	STATUTORY INFORMATION

Highland Business Suites 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.

The company meets its day to day working capital requirements through Directors loans. The Directors will continue to support the company until sufficient profitability is achieved and on this basis consider it appropriate to prepare the accounts on a going concern basis.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is now fully amortised after its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Heritable property

-

at varying rates on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

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 3 (2025 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

150,000

9,015

159,015

AMORTISATION

At 1 April 2025

150,000

6,809

156,809

Charge for year

-

1,103

1,103

At 31 March 2026

150,000

7,912

157,912

NET BOOK VALUE

At 31 March 2026

-

1,103

1,103

At 31 March 2025

-

2,206

2,206

5.	TANGIBLE FIXED ASSETS

Heritable

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

2,056,288

607,762

6,667

16,307

2,687,024

Additions

904

5,302

-

-

6,206

At 31 March 2026

2,057,192

613,064

6,667

16,307

2,693,230

DEPRECIATION

At 1 April 2025

610,483

585,019

1,667

14,518

1,211,687

Charge for year

82,252

18,352

1,667

998

103,269

At 31 March 2026

692,735

603,371

3,334

15,516

1,314,956

NET BOOK VALUE

At 31 March 2026

1,364,457

9,693

3,333

791

1,378,274

At 31 March 2025

1,445,805

22,743

5,000

1,789

1,475,337

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

18,234

16,356

Other debtors

55,382

19,429

73,616

35,785

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

17,996

21,631

Trade creditors

2,440

1,327

Taxation and social security

17,611

23,568

Other creditors

19,824

20,229

57,871

66,755

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

73,416

101,417

Other creditors

1,499,212

1,612,871

1,572,628

1,714,288

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

91,412

123,048

The bank loan is secured by standard security and a bond and floating charge over the assets of the company.

10.	RELATED PARTY DISCLOSURES

Included in Other creditors at 31 March 2026 is a loan due to a company controlled by one of the directors amounting to £1,377,757 (2025: £1,377,396). The loan is unsecured and repayable on demand. Interest is payable at 1.5% per annum.