Company No: SC706528 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2024		30.09.2023
		£		£
Current assets
Debtors	3	61		901
Cash at bank and in hand		3,240		9,354
		3,301		10,255
Creditors: amounts falling due within one year	4	( 21,449)		( 19,373)
Net current liabilities		(18,148)		(9,118)
Total assets less current liabilities		(18,148)		(9,118)
Net liabilities		( 18,148)		( 9,118)
Capital and reserves
Called-up share capital	5	1		1
Profit and loss account		( 18,149 )		( 9,119 )
Total shareholder's deficit		( 18,148)		( 9,118)

For the financial period ending 31 December 2024 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 period 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 Profound UK Hospitality Ltd (registered number: SC706528) were approved and authorised for issue by the Board of Directors on 15 September 2025. They were signed on its behalf by:

C Wong Director

1. Accounting policies

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

General information and basis of accounting

Profound UK Hospitality Ltd (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 Auch, Estate, Bridge Of Orchy, PA36 4AF, 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

To align the Company's year end with other related entities, the current reporting period covers the 15 months to 31 December 2024. The comparative reporting period covers the 12 month period to 30 September 2023.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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 measured at transaction price including transaction costs.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	Period from 01.10.2023 to 31.12.2024		Year ended 30.09.2023
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	2		2

3. Debtors

	31.12.2024		30.09.2023
	£		£
Other debtors	61		901

4. Creditors: amounts falling due within one year

	31.12.2024		30.09.2023
	£		£
Other creditors	21,449		19,373

5. Called-up share capital

	31.12.2024		30.09.2023
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

6. Related party transactions

Transactions with the entity's directors

	31.12.2024		30.09.2023
	£		£
Amounts due to key management personnel	16,000		16,000

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

7. Ultimate controlling party

The parent company of Profound UK Hospitality Ltd is Profound UK Holdings Limited and its registered office is 6/F Craven House, 119-123 Kingsway, London, England WC2B 6PA.

The ultimate controlling party of Profound UK Hospitality Ltd is Profound Limited - a Company incorporated in Hong Kong.