REGISTERED NUMBER: SC592137 (Scotland)

Fraoch House Scotland Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr T K M Wong

REGISTERED OFFICE:

66 Pilrig Street

Edinburgh

Midlothian

EH6 5AS

REGISTERED NUMBER:

SC592137 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Bank of Scotland

38 St. Andrew Square

Edinburgh

EH2 2AD

FIXED ASSETS

Tangible assets

4

791,918

808,232

CURRENT ASSETS

Stocks

500

500

Debtors

5

-

1,677

Cash at bank

4,164

5,724

4,664

7,901

CREDITORS

Amounts falling due within one year

6

211,241

239,225

NET CURRENT LIABILITIES

(206,577

)

(231,324

)

TOTAL ASSETS LESS CURRENT LIABILITIES

585,341

576,908

CREDITORS

Amounts falling due after more than one year

7

(362,671

)

(376,497

)

PROVISIONS FOR LIABILITIES

(1,407

)

(919

)

NET ASSETS

221,263

199,492

CAPITAL AND RESERVES

Called up share capital

200,000

200,000

Retained earnings

21,263

(508

)

SHAREHOLDERS' FUNDS

221,263

199,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 September 2025 and were signed by:

Mr T K M Wong - Director

1.	STATUTORY INFORMATION

Fraoch House Scotland Limited 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.

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.

Turnover and revenue recognition

Turnover represents room letting and related services invoiced, excluding value added tax. Revenue is recognised upon guest arrival.

Tangible fixed assets

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

Land and buildings

-

1% on cost

Plant and machinery etc

-

25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

854,713

35,769

890,482

Additions

-

4,093

4,093

At 31 March 2025

854,713

39,862

894,575

DEPRECIATION

At 1 April 2024

51,318

30,932

82,250

Charge for year

17,106

3,301

20,407

At 31 March 2025

68,424

34,233

102,657

NET BOOK VALUE

At 31 March 2025

786,289

5,629

791,918

At 31 March 2024

803,395

4,837

808,232

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

1,677

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

17,850

19,366

Taxation and social security

12,256

9,011

Other creditors

181,135

210,848

211,241

239,225

The director's current account is unsecured, interest free and has no fixed repayment period.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

362,671

376,497

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

321,190

300,313

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

380,521

395,863

On 6 September 2018, a bond and floating charge was created in favour of Bank of Scotland over the property at 66 Pilrig Street, Edinburgh.

On 19 September 2018, a standard security was created in favour of Bank of Scotland over the property at 66 Pilrig Street, Edinburgh.

On 17 October 2018, a fixed charge was created in favour of Bank of Scotland over the property at 66 Pilrig Street, Edinburgh.