REGISTERED COMPANY NUMBER: SC201756 (Scotland)
REGISTERED CHARITY NUMBER: 029619
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
FOR
PORT OF NESS HARBOUR LIMITED
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
PORT OF NESS HARBOUR LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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Report of the Trustees |
1 |
to |
2 |
Independent Examiner's Report |
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3 |
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Statement of Financial Activities |
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4 |
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Balance Sheet |
5 |
to |
6 |
Notes to the Financial Statements |
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to |
12 |
PORT OF NESS HARBOUR LIMITED (REGISTERED NUMBER: SC201756)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwiththe financial
statementsofthecharityfortheyearended31August2025.ThetrusteeshaveadoptedtheprovisionsofAccountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are to improve the Port Of Ness Harbour and the immediate vicinity.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The last financial year has seen income being generated through the annual collection of harbour dues.
Thetrusteesremaincommittedtoensuringtheharbouriswellmaintainedandimprovedwherepossibletoensureitremains a
valuable community asset.
FINANCIAL REVIEW
Reserves policy
Duringtheyearthecharity'soutgoingresourcesexceededincomingresourcesresultinginadeficitof£10,432(2024-£7,361 deficit)
fortheyear.Unrestrictedfundstotal£97,699asaresult(2024-£97,365)andrestrictedfundstotal£685(2024-£11,451). The
level of reserves are kept under review by the trustees. In the opinion of the trustees, the current level of reserves is satisfactory.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
PortOfNessHarbourLimitedisacharitablecompanylimitedbyguarantee,incorporatedon23November1999.Thecompany was
establishedunderaMemorandumofAssociationwhichestablishedtheobjectsandpowersofthecharitablecompanyand is
governedunderitsArticlesofAssociation.Intheeventofthecompanybeingwoundupmembersarerequiredtocontribute an
amount not exceeding £1.
Recruitment and appointment of new trustees
Nominations for new trustees are always welcome from anyone with an interest in Port Of Ness Harbour.
Related parties
Barr'AYardLimited,awhollyownedsubsidiaryofthecharity,hastakenoverthemanagementandleasingoftherestaurant, 'The
Breakwater'.
Risk management
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensureappropriatecontrolsare in
place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC201756 (Scotland)
Registered Charity number
029619
Registered office
63 Kenneth Street
Stornoway
Isle of Lewis
HS1 2DS
Page 1
PORT OF NESS HARBOUR LIMITED (REGISTERED NUMBER: SC201756)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
Trustees
D Macleod
M Murray
G Maclean
Company Secretary
C Murray
Independent Examiner
John E Moffat BA FCA
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
Approved by order of the board of trustees on 25 March 2026 and signed on its behalf by:
D Macleod - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
PORT OF NESS HARBOUR LIMITED
I report on the accounts for the year ended 31 August 2025 set out on pages four to twelve.
Respective responsibilities of trustees and examiner
Thecharity'strusteesareresponsibleforthepreparationoftheaccountsinaccordancewiththetermsoftheCharitiesand Trustee
Investment(Scotland)Act2005andtheCharitiesAccounts(Scotland)Regulations2006(asamended).Thecharity's trustees
considerthattheauditrequirementofRegulation10(1)(a)to(c)oftheAccountsRegulationsdoesnotapply.Itismy responsibility
toexaminetheaccountsasrequiredunderSection44(1)(c)oftheActandtostatewhetherparticularmattershavecometo my
attention.
Basis of the independent examiner's report
MyexaminationwascarriedoutinaccordancewithRegulation11oftheCharitiesAccounts(Scotland)Regulations2006. An
examinationincludesareviewoftheaccountingrecordskeptbythecharityandacomparisonoftheaccountspresentedwith those
records.Italsoincludesconsiderationofanyunusualitemsordisclosuresintheaccounts,andseekingexplanationsfromyou as
trusteesconcerninganysuchmatters.Theproceduresundertakendonotprovidealltheevidencethatwouldberequiredinan audit,
and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
John E Moffat BA FCA
The Institute of Chartered Accountants in England and Wales
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
25 March 2026
Page 3
PORT OF NESS HARBOUR LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,784
Charitable activities
Harbour maintenance, utilisation & improvement
1,220
Total
5,004
EXPENDITURE ON
Charitable activities
Harbour maintenance, utilisation & improvement
4,670
NET INCOME/(EXPENDITURE)
334
RECONCILIATION OF FUNDS
Total funds brought forward
97,365
TOTAL FUNDS CARRIED FORWARD
97,699 |
Restricted
funds
£
-
-
-
10,766
(10,766)
11,451
685 |
31.8.25
31.8.24
Total
Total
funds
funds
£
£
3,784
3,770
1,220
240
5,004
4,010
15,436
11,371
(10,432)
(7,361)
108,816
116,177
98,384
108,816 |
|
|
|
The notes form part of these financial statements
Page 4
PORT OF NESS HARBOUR LIMITED (REGISTERED NUMBER: SC201756)
BALANCE SHEET
31 AUGUST 2025
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
5
85,872
Investments
6
1
85,873
CURRENT ASSETS
Debtors
7
7,567
Cash at bank and in hand
5,789
13,356
CREDITORS
Amounts falling due within one year
8
(1,530)
NET CURRENT ASSETS
11,826
TOTAL ASSETS LESS CURRENT LIABILITIES
97,699
NET ASSETS
97,699
FUNDS
9
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Restricted
funds
£
-
-
-
685
-
685
-
685
685
685 |
31.8.25
Total
funds
£
85,872
1
85,873
8,252
5,789
14,041
(1,530)
12,511
98,384
98,384
97,699
685
98,384 |
31.8.24
Total
funds
£
88,555
1
88,556
5,254
16,948
22,202
(1,942)
20,260
108,816
108,816
97,365
11,451
108,816 |
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
31 August 2025.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended31August2025 in
accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that 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 charitable company as at the end of each financial year and of its surplus or deficit 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 charitable company.
The notes form part of these financial statements
continued...
Page 5
PORT OF NESS HARBOUR LIMITED (REGISTERED NUMBER: SC201756)
BALANCE SHEET - continued 31 AUGUST 2025
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompaniessubjectto the
small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon25March2026andweresignedon its
behalf by:
D Macleod - Trustee
The notes form part of these financial statements
Page 6
PORT OF NESS HARBOUR LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshave been
prepared under the historical cost convention, with the exception of investments which are included at market value.
The presentation currency of the financial statements is the Pound Sterling (£).
Going concern
Thetrusteeshaveassessedthecharity'sabilitytocontinueasagoingconcernanddonotconsidertheretobeany material
uncertainties about the charity's ability to continue as a going concern.
Financial reporting standard 102 - reduced disclosure exemptions
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptioninpreparingthesefinancial statements,
as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
the requirements of Section 7 Statement of Cash Flows.
Critical accounting judgements and key sources of estimation uncertainty
Intheapplicationofthecharity'saccountingpolicies,thetrusteesarerequiredtomakejudgements,estimates and
assumptions that affect the amounts reported for assets, liabilities, income and expenditure.
Theestimatesandassociatedassumptionsarebasedonhistoricalexperienceandotherfactorsthatareconsideredto be
relevant. Actual results may differ from these estimates.
Theestimatesandassumptionsarereviewedonanongoingbasis.Revisionstoaccountingestimatesarerecognisedin the
period in which the estimate is revised and in future periods should it affect future periods.
Theestimatesandassumptionswhichcarryahigherdegreeofriskofcausingamaterialadjustmenttothecarrying amount
of assets and liabilities are as follows:
Useful economic lives of tangible fixed assets
Theannualdepreciationchargefortangiblefixedassetsissensitivetochangesintheestimatedusefuleconomiclives and
residualvaluesoftheassets.Theyareamendedwhennecessarytoreflectcurrentestimates,futureinvestment, economic
utilisation and the physical condition of the assets. See note 9 for details of the values of tangible fixed assets.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,itis probable
that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
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
continued...
Page 7
PORT OF NESS HARBOUR LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
1. ACCOUNTING POLICIES - continued
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise when
specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
31.8.25 |
31.8.24 |
|
£ |
£ |
Depreciation - owned assets |
2,683 |
2,683 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31August2025norfortheyear ended
31 August 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,770
Charitable activities
Harbour maintenance, utilisation & improvement
240
Total
4,010
EXPENDITURE ON
Charitable activities
Harbour maintenance, utilisation & improvement
11,371
NET INCOME/(EXPENDITURE)
(7,361)
RECONCILIATION OF FUNDS
Total funds brought forward
104,726 |
Restricted
funds
£
-
-
-
-
-
11,451 |
Total
funds
£
3,770
240
4,010
11,371
(7,361)
116,177 |
|
|
|
continued...
Page 8
PORT OF NESS HARBOUR LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
4. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|
|
|
|
|
Unrestricted |
Restricted |
|
Total |
|
|
funds |
funds |
|
funds |
|
|
£ |
£ |
|
£ |
|
TOTAL FUNDS CARRIED FORWARD |
97,365 |
11,451 |
|
108,816 |
5. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
Freehold |
Plant and |
|
|
|
|
property |
machinery |
|
Totals |
|
|
£ |
£ |
|
£ |
|
COST |
|
|
|
|
|
At 1 September 2024 and 31 August 2025 |
134,166 |
20,255 |
|
154,421 |
|
DEPRECIATION |
|
|
|
|
|
At 1 September 2024 |
45,611 |
20,255 |
|
65,866 |
|
Charge for year |
2,683 |
|
- |
2,683 |
|
At 31 August 2025 |
48,294 |
20,255 |
|
68,549 |
|
NET BOOK VALUE |
|
|
|
|
|
At 31 August 2025 |
85,872 |
|
- |
85,872 |
|
At 31 August 2024 |
88,555 |
|
- |
88,555 |
6. |
FIXED ASSET INVESTMENTS |
|
|
|
|
|
|
|
|
|
Shares in |
|
|
|
|
|
group |
|
|
|
|
|
undertakings |
|
|
|
|
|
£ |
|
MARKET VALUE |
|
|
|
|
|
At 1 September 2024 and 31 August 2025 |
|
|
|
1 |
|
NET BOOK VALUE |
|
|
|
|
|
At 31 August 2025 |
|
|
|
1 |
|
At 31 August 2024 |
|
|
|
1 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
Barr 'A Yard Limited
Registered office: The registered office of the subsidiary is within the United KIngdom.
Nature of business: Property management
Nature of business: Property management |
|
|
|
|
|
|
% |
|
|
|
|
Class of share: |
holding |
|
|
|
|
Ordinary |
100 |
|
|
|
|
|
|
31.8.25 |
|
31.8.24 |
|
|
|
£ |
|
£ |
|
Aggregate capital and reserves |
|
|
1 |
|
1 |
continued...
Page 9
PORT OF NESS HARBOUR LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Amounts owed by group undertakings
Other debtors
Accrued income
Prepayments
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
VAT
Accrued expenses
MOVEMENT IN FUNDS
Unrestricted funds
General fund
New Building
Restricted funds
Maintenance Fund
Harbour Development Fund
TOTAL FUNDS |
At 1.9.24
£
8,810
88,555
97,365
357
11,094
11,451
108,816 |
31.8.25
£
6,982
685
520
65
8,252
31.8.25
£
101
1,429
1,530
Net
movement
in funds
£
3,017
(2,683)
334
(357)
(10,409)
(10,766)
(10,432) |
31.8.24
£
2,953
2,239
-
62
5,254
31.8.24
£
37
1,905
1,942
At
31.8.25
£
11,827
85,872 |
|
|
|
97,699
-
685 |
|
|
|
685 |
|
|
|
98,384 |
8.
9. MOVEMENT IN FUNDS
continued...
Page 10
PORT OF NESS HARBOUR LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
New Building
Restricted funds
Maintenance Fund
Harbour Development Fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
New Building
Restricted funds
Maintenance Fund
Harbour Development Fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
New Building
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
5,004
(1,987)
3,017
-
(2,683)
(2,683)
5,004
(4,670)
334
-
(357)
(357)
-
(10,409)
(10,409)
-
(10,766)
(10,766)
5,004
(15,436)
(10,432)
Net
movement
At
At 1.9.23
in funds
31.8.24
£
£
£
13,488
(4,678)
8,810
91,238
(2,683)
88,555
104,726
(7,361)
97,365
357
-
357
11,094
-
11,094
11,451
-
11,451
116,177
(7,361)
108,816
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
4,010
(8,688)
(4,678)
-
(2,683)
(2,683)
4,010
(11,371)
(7,361)
4,010
(11,371)
(7,361) |
|
|
continued...
Page 11
PORT OF NESS HARBOUR LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
10. RELATED PARTY DISCLOSURES
Barr'AYardLimited,awhollyownedsubsidiaryofthecharity,hastakenoverthemanagementandleasingof the
restaurant, 'The Breakwater'.
Thesubsidiarytransfersanyprofitsgeneratedtothecharity.Thisresultsinapaymenttothecharityfortheyearended 31
August 2025 of £3,784 (2024 - £3,770).
Page 12