Registered number SC746404 Little Cumbrae Island Report and Accounts 31 October 2025
Llttle Cumbrae Island Registered number". Directors. Report SC746404 The directors present their rep)rt and accounts for the year ended 31 October 2025. Princkpal activities The company was essentially dormant during the year whilé it5 directors prepar8d it to commence its Charitable Activities. Its charitable purpose is to conserve the Isle of Little Cumbrae while promoting public access, sustainable development and creation of reuealional f8cililie$ for promolirvJ good health as well 8s physical and m8ntsl wÈYbèing. Dlr•ctors The fdlowing p6rsons seNed as directors dLFmg the year.. Lissa Di Giacomo Paul Kemachan Sunita Poddar Small company provlslons Thi5 report has been prepared in accordance with the provisions in Part 15 of the Companies A¢1 20 applicable to companies subie¢t lo the small ¢ompaniès regimg. Thi3 repc*rt was approved by the board on 25 July 2026 and signed on ils behalf. gJw Paul Kèmathan Director
Llttle Cumbrae Island Profit and Loss Aecount for the year ended 31 October 2025 2025 2024 Turnover 4,193 Administrative expenses 173.740} Opèratln9 loss 169.547) Loss 10* taxation 169.5471 Tax on Ioss Lts for the financlal yr 69,547
Uille Cumbta• Règlsterèd numb•r'. Balanee She¢t a$ at 31 October 2Q25 SC746404 Motss 2025 2024 Current 4s$4ts ¢a$h at bank and In hd 16,242 1.242 Credltors.. aniounts tslllnq dv• wlthln one yoar 185.7891 It.2421 Not ¢urrnnt liabilit 169.5471 N•t Ilablllilps 69.547 Capltal and Profil and loss CoUnt 169.5471 69.547 diroclors aro satisfied thel the ¢Triweny is onlthed lo exemplion froffl th8 requirement lo obtain an audit under seciqon 47T ofthe Compan$ Act 2W6. The m8mb8r has noi required company to obtan an a11 Sn accNdan¢é wrth 476 of Ihe The directors aLnoYledge thr reswnsibilthes for Comp9 Yiilh the reqult8tngnts of tt Cornpanies Act 20fh ¥rilh r05pectlo accaunting rocords and th8 preparalion of account5. The a¢wunts have been prepared and delivered In dance wth the provisions athi¢atJe lo ¢omp8Nes Subject to the small ¢cmpan$ fegin*. The tKofil and loss ac¢crtJnl has not been d81Swerad to Ihe Re9i$lrarof compan$. Paul Kam8cha reGtoT Approved by the board on 25 July 2026
Llttle Cumbrae Island Notes to the Accounts for the year ended 31 October 2025 1 A¢cguntlng policles Basls of prnparatlon The accounts have been prepared under the historical cost convention and in accord8n¢e wrth FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland las applied to small entllitrs by section 1A of the s18ndardl. Turno Tumover Is measured al the f8ir valuo of the consideration received or receivable, nel of discounts and value added tax¢s. Tumover in¢lud&s rgvtrnue earned from the sale of goods and from the rend8rin9 of services. Turnover from ihe sale of goods is recognlsed when Ihe sIgnlCant risks and r&wards of ownership of the goods have transferred to the buyer. Tumover from the rendering of servicas is recognis6d by releret)ce to the staga ol compl8tlon of tha contra¢l. The sta9& of ompletion of a contract is measured by comparing the costs incurred for work perfornied to date to the total estimatad contract eosts. Inlangible fixed Intsngible fixed assets are measured al cosl less acc#Jmulalive amortisation and any accumulative impaimÈnt losse5. Tanglblè flx8d ass•ts Tangible fi'xed assets are m8asur8d at cost 18ss aecumul8tiv8 dopre¢iation and any aUmUla1 impaimienl losses. Depreciation has been provided at the followng rates in order to write off the assets over their è$tlmaled u59ful lives.. Property improvements Plant and machinèry Motor Vehicles 10% straight line 33¢/0 Straight lin$ 25°k straight line Inv•stmonts Investments in subsldlarfes, assodates and jolnt ventures are mgasured 81 oisl lass any accumulated irnpairnent losses. Listed investments are measured at lair value. Unlisted investments are measLtrèd at fair valuè unless th9 Value Cannot be measured reliably, in which case they are rneasured at cost less any accumuLated impaifm6nl losses. Changes in fair value are induded in the profrt and loss account. Stocks Stocks are measured al the lower of cost and eslimaled selling price less costs lo complete and sèll. Cost is dètermlned using the first in first out rnethod. The caryng amount of stock 501d is recognised as an expense in tho rfod in whh the ralatad mvanug Is rècognl$8d. Debtors Short tgrm debtors are measured at transaction price (which is usually the invOe pricel, less any impairment losses lor bad and doubrful debts. Loans and other financial assèts arè initially recognised al transaction price including any transaction costs and subsequenly measured al amortised cost detem)ined using th$ eff$ctive intsrost melhod, 1985 any impairment losses for bad and doubtful debts.
Llttle Cumbrae Island Notes to thè Accounts for the year ended 31 October 2025 crl¢Or$ Short term creditors are mèasurèd at transaction prica Iwhlch is usualty tha Invoicè pdcèl. Loans and othèr financial liabllitias ara inStially racognised al transaction pdce net ol any transaction costs and subsequenify measured al amortised c051 determined using the effective interest rnelhod. Taxatlon A current tsx liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of 8 lax loss that can be carried b8ck lo rgctsver tax p8id tn 8 prgviovs pèriod. Def8Trod tax is recognisèd in rospect of all timing drfferences btheen the recognition of income and exp&nses in the financial ststements and their inclusion in tsx assessments. Unrelieved lax losses and othèr doferrèd tax assets are reeognlsad only to tha Oxtent that it is probable that they VAII ba recovered against the reversal ol deferred tax liabilities or other future taxable profits. Deferred tax is measured using the lax rates and laws that hav8 been *n8ctgd or substantiv8ly 8n8Cted by the rtsporting date and that ale expected to apply lo the reversal of the timing difference, except for revalued land and investment property where the lax rale that applies to the sale of the asset is used. Current and deferred tsx 8ssels and liabilib.es are not discounted. Provlslons Provisions lie liabilities of uncertain timing or amount) are recognis8d wh8n there is an obligation at the reporting dat8 as a result of a past event, it is probable that economic benefit wll be transferred to see the obligation and the amount ol the obligation can be estimated reliably. Foreign ¢urren¢y translation Transactions in foreign currenci95 are initially r8eognised at the rate of èxchangè ruling al the date of the transaction. At the end of each porting period foreign currency monetary rtems are transL2ted at the closing rate of exchange. Non-monetary items that are measured al historical Cost are translated al the r8te njling at the date of the transaction. Al difforencès are charged to profit or loss. Leas8d assets A lease is classified as a finance lease rf it transfers substantially all tt)e risks and rewards in¢idental to t)wnership. Al other leases are clas$bfd 8$ operating leases. The rights of use and obligations undèr flnance leases are inllially COun1Sed as assets and liabilities al amounts equal to Ihe fair value ol the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance chargé and the rèduction in the outstanding liability using the effective inter6st rate meth)d. The finance charge is allocated to each period during the lease so as to produce a constant periodic rale of interest on the remaining balanc9 of Ihg liability. Leased 8ssetS are depreciat8d in accordance with th8 companvs ptslicy for tangible fixed assets. If there is no reasonable certainty that ownership vitll be obtained at the end of the lease term, the asset is depreciated over the lower of the lease t8mi and its useful Irf8. Op8ratsng lease payThents are recognised as an expense on a straight line basis over the lease tem). Pen$lons Contribution5 to defined contribution piqns are trxpgns8d in the period to whid) ihèy rolata.
Little Cumbrae Island Notes to the Aetounts for the year ended 31 October 2025 2 Employ••8 2025 Number 2024 Numb•r Average number of persons employed by the cornpany 3 Crèditors= amounts falling du• wlthSn on• Or 2025 2024 Trad8 tredilors Other crediiors 19.799 65,990 85.789 1.242 1.242 4 Controllln9 Party The Company is controllad by tts D1CtOrs. S Othgr Informatlon Little Cumbrae Island is a prfvata company limited by guarantee and Incorporat in Scouand. Ils registered office is.. 40 Lambhill St. Glasgow Scotland G41 1AU The company is a registerad Scottish Charity. Relstèreil with OSCR, Reg No. SC052067
Llttlo Cumbrae Island Detailed profit and los$ account for the year ended 31 October 2025 This schedule does not form part oflhe ststutDry 8reounts 202S 2024 Sales 4,193 Administrab"ve exptrnses 173,7401 Oporating loss 169,5471 Loss b•for• tax 69,547
Llttle Cumbrae Island Dotailed proflt and loss account for the year ended 31 Oetober 2025 Th schedule does not fomi part of the stètutory aGGounls 202S 2024 Salè$ Sale$ 4,193 Admlnlstratlve exn5•S Employe$ costs.. Wages and salaries Pensions Employerfs Nl Travel and subsistèneg 31,160 2.571 2,779 1,078 37,588 Prgmisès costs.. Rent Light and heat 21,298 21,299 General administrative expenses". Bank charges Insurance Equipment hire Softw8re Repairs and maintenancg 43 4.110 9.581 38 1.081 14.853 73.740