Company No: SC565810 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	670,133		724,358
Tangible assets	4	42,237		34,848
		712,370		759,206
Current assets
Stocks		63,989		67,807
Debtors	5	2,830,597		2,965,474
Cash at bank and in hand		201,218		320,663
		3,095,804		3,353,944
Creditors: amounts falling due within one year	6	( 752,781)		( 819,066)
Net current assets		2,343,023		2,534,878
Total assets less current liabilities		3,055,393		3,294,084
Creditors: amounts falling due after more than one year	7	( 1,403,307)		( 1,658,576)
Provision for liabilities	8	( 3,653)		( 6,348)
Net assets		1,648,433		1,629,160
Capital and reserves
Called-up share capital	9	100		100
Share premium account		1,179,072		1,179,072
Profit and loss account		469,261		449,988
Total shareholder's funds		1,648,433		1,629,160

For the financial year ending 28 February 2025 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 year 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 Roslin Health Care Limited (registered number: SC565810) were approved and authorised for issue by the Board of Directors on 06 October 2025. They were signed on its behalf by:

J Edgely Director

1. Accounting policies

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

General information and basis of accounting

Roslin Health Care Limited (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 Roslin Pharmacy , 122 Penicuik Road, Roslin, EH25 9NT, 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.

Turnover

Turnover from pharmacy sales is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

20 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	4 years straight line
Vehicles	3 years straight line
Fixtures and fittings	20 % reducing balance
Computer equipment	3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

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 initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, 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.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	21		18

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 March 2024	1,084,506		1,084,506
At 28 February 2025	1,084,506		1,084,506
Accumulated amortisation
At 01 March 2024	360,148		360,148
Charge for the financial year	54,225		54,225
At 28 February 2025	414,373		414,373
Net book value
At 28 February 2025	670,133		670,133
At 29 February 2024	724,358		724,358

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 March 2024	97,992		29,983		99,756		640		228,371
Additions	0		24,337		0		0		24,337
Disposals	0		( 22,983)		0		0		( 22,983)
At 28 February 2025	97,992		31,337		99,756		640		229,725
Accumulated depreciation
At 01 March 2024	97,992		27,650		67,241		640		193,523
Charge for the financial year	0		10,445		6,503		0		16,948
Disposals	0		( 22,983)		0		0		( 22,983)
At 28 February 2025	97,992		15,112		73,744		640		187,488
Net book value
At 28 February 2025	0		16,225		26,012		0		42,237
At 29 February 2024	0		2,333		32,515		0		34,848

5. Debtors

	2025		2024
	£		£
Trade debtors	193,194		208,469
Amounts owed by Group undertakings	2,601,269		2,716,501
Other debtors	36,134		40,504
	2,830,597		2,965,474

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	321,871		321,124
Taxation and social security	69,502		97,043
Other creditors	361,408		400,899
	752,781		819,066

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

	2025		2024
	£		£
Other creditors	1,403,307		1,658,576

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Other creditors	373,694		628,963

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 6,348)		( 8,705)
Credited to the Profit and Loss Account	2,695		2,357
At the end of financial year	( 3,653)		( 6,348)

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

10. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	£		£
Amounts due from related parties	2,601,269		2,728,501

Other related party transactions

	2025		2024
	£		£
Amounts due to key management personnel	53,204		97,448

11. Ultimate controlling party

The company's immediate parent entity is L & M Lamont Limited, a company registered in Scotland (SC653810). In the Directors' opinion, J Edgely is the ultimate controlling party by virtue of her shareholding in the parent entity.