Blair Ecosse Management Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC538486

Blair Ecosse Management Limited

Filleted Unaudited Financial Statements

31 March 2025

Blair Ecosse Management Limited

Director's Report

Year ended 31 March 2025

The director presents her report and the unaudited financial statements of the company for the year ended 31 March 2025 .

Business review

The company has shown continued recovery and strong growth since the return to owner-led operations. Turnover increased by approximately 65% in 2025, following growth of 60% in 2024 and 45% in 2023, reflecting steady improvement since 2022. Performance has been strengthened through enhanced sales activity, strict financial controls, and focused operational management. The business has also invested capital in resilience measures, including energy efficiency improvements and estate infrastructure upgrades. Further improvements and upgrades were made to support our guest experiences programme. The director considers the company to be in a strong and resilient position for the year ahead.

Director

The director who served the company during the year was as follows:

Mrs A MacDonald

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 13 October 2025 and signed on behalf of the board by:

Mrs A MacDonald
Director

Registered office:

C/O Mercantile Chambers

53 Bothwell Street

Glasgow

Scotland

G2 6TB

Blair Ecosse Management Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	3,171	3,731
Tangible assets	6	860,643	862,590
		---------	---------
		863,814	866,321

Current assets

Debtors	7	45,631	15,074
Cash at bank and in hand		29,904	11,647
		--------	--------
		75,535	26,721

Creditors: amounts falling due within one year	8	474,624	417,796
		---------	---------
Net current liabilities		399,089	391,075
		---------	---------
Total assets less current liabilities		464,725	475,246

Creditors: amounts falling due after more than one year	9	1,114,286	1,077,918
		------------	------------
Net liabilities		( 649,561)	( 602,672)
		------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 649,661)	( 602,772)
	---------	---------
Shareholders deficit	( 649,561)	( 602,672)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Blair Ecosse Management Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 13 October 2025 , and are signed on behalf of the board by:

Mrs A MacDonald
Director

Company registration number: SC538486

Blair Ecosse Management Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is C/O Mercantile Chambers, 53 Bothwell Street, Glasgow, G2 6TB, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At 31 March 2025 the company had net liabilities of £649,661. Included within these liabilities is a loan payable to related parties of £244,700. The related parties have confirmed that they will not demand repayment of these loans within the next 12 months and will continue to support the company. The Director, having made due and careful inquiry, is of the opinion that the company has or will obtain sufficient working capital to execute its operations over the next 12 months. The Director, therefore, has made an informed judgement, at the time of approving these financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the Director has continued to adopt the going concern basis of accounting in preparing the annual financial statements.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Website	-	15% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	10% straight line
Paintings	-	2% straight line
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 6 ).

5. Intangible assets

	Website
	£
Cost
At 1 April 2024 and 31 March 2025	4,389
	-------
Amortisation
At 1 April 2024	658
Charge for the year	560
	-------
At 31 March 2025	1,218
	-------
Carrying amount
At 31 March 2025	3,171
	-------
At 31 March 2024	3,731
	-------

6. Tangible assets

	Long leasehold property	Paintings	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	1,061,742	21,300	467,548	99,839	1,650,429
Additions	–	–	115,741	78,877	194,618
Disposals	–	–	( 875)	–	( 875)
	------------	--------	---------	---------	------------
At 31 March 2025	1,061,742	21,300	582,414	178,716	1,844,172
	------------	--------	---------	---------	------------
Depreciation
At 1 April 2024	436,740	3,256	285,570	62,273	787,839
Charge for the year	106,174	426	60,782	29,110	196,492
Disposals	–	–	( 802)	–	( 802)
	------------	--------	---------	---------	------------
At 31 March 2025	542,914	3,682	345,550	91,383	983,529
	------------	--------	---------	---------	------------
Carrying amount
At 31 March 2025	518,828	17,618	236,864	87,333	860,643
	------------	--------	---------	---------	------------
At 31 March 2024	625,002	18,044	181,978	37,566	862,590
	------------	--------	---------	---------	------------

7. Debtors

	2025	2024
	£	£
Trade debtors	580	10,881
Other debtors	45,051	4,193
	--------	--------
	45,631	15,074
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	11,854	23,760
Trade creditors	73,284	58,750
Social security and other taxes	36,109	52,090
Other creditors	353,377	283,196
	---------	---------
	474,624	417,796
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,066,066	1,066,066
Other creditors	48,220	11,852
	------------	------------
	1,114,286	1,077,918
	------------	------------

10. Related party transactions

During the year the company borrowed money from Mr & Mrs A MacDonald . The balance due to Mr & Mrs A MacDonald at the year end was £244,700 (2024: £218,836). Mrs A MacDonald is the Director and shareholder.