Registration number: SC700481

Highland Fox Limited

(Registration number: SC700481)
Balance Sheet as at 31 March 2026

	Note	2026 £
Fixed assets
Tangible assets	4	106,759
Current assets
Cash at bank and in hand		21,824
Creditors: Amounts falling due within one year	5	(4,022)
Net current assets		17,802
Total assets less current liabilities		124,561
Creditors: Amounts falling due after more than one year	5	(127,549)
Net liabilities		(2,988)
Capital and reserves
Called up share capital	6	10
Retained earnings		(2,998)
Shareholders' deficit		(2,988)

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 16 October 2026 and signed on its behalf by:
 

......................................... Mrs Catherine Fox Director

Highland Fox Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
4-6 Courthouse Lane
Nairn
Highland
IV12 4DP
Scotland

These financial statements were authorised for issue by the Board on 16 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Highland Fox Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Asset class	Depreciation method and rate
Land and Building	2% Straight Line
Fixtures and Fittings	25% Reducing Balance
Office Equipment	25% Reducing Balance

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Loans from directors are basic financial liabilities. As permitted by paragragh 11.13A of FRS 102 for small entities, interest free loans from directors who are shareholders are measured at transaction price, being the amount advanced. They are shown as falling due after more than one year where the directors have agreed not to seek repayment within twelve months of the balance sheet date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2.

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
Additions	98,135	10,203	1,296	109,634
At 31 March 2026	98,135	10,203	1,296	109,634
Depreciation
Charge for the year	-	2,551	324	2,875
At 31 March 2026	-	2,551	324	2,875
Carrying amount
At 31 March 2026	98,135	7,652	972	106,759

Included within the net book value of land and buildings above is £98,135 in respect of freehold land and buildings.
 

Highland Fox Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5

Creditors

Creditors: amounts falling due within one year

	2026 £
Due within one year
Accruals and deferred income	900
Other creditors	3,122
	4,022

Creditors: amounts falling due after more than one year

	Note	2026 £
Due after one year
Loans and borrowings	7	127,549

6	Share capital

Allotted, called up and fully paid shares

	2026
	No.	£
Ordinary Shares of £1 each	10	10

7	Loans and borrowings

Non-current loans and borrowings

	2026 £
Other borrowings	127,549

Other borrowings

Director Loan is denominated in Pound with a nominal interest rate of 0%%. The carrying amount at year end is £127,549 ( - £Nil). During the year the Directors and shareholders made loans to the company. No interest has been charged. The loans are unsecured and the directors have agreed not to seek repayment within twelve months of the balance sheet date.