Silverfin false false 28/02/2025 01/03/2024 28/02/2025 Eric Richard Beach 20/03/1995 Jon Beach 17/03/2014 18 November 2025 The principal activity of the Company continued to be that of the operation of a cafe bar and restaurant facility. SC156666 2025-02-28 SC156666 bus:Director1 2025-02-28 SC156666 bus:Director2 2025-02-28 SC156666 2024-02-29 SC156666 core:CurrentFinancialInstruments 2025-02-28 SC156666 core:CurrentFinancialInstruments 2024-02-29 SC156666 core:Non-currentFinancialInstruments 2025-02-28 SC156666 core:Non-currentFinancialInstruments 2024-02-29 SC156666 core:ShareCapital 2025-02-28 SC156666 core:ShareCapital 2024-02-29 SC156666 core:RevaluationReserve 2025-02-28 SC156666 core:RevaluationReserve 2024-02-29 SC156666 core:RetainedEarningsAccumulatedLosses 2025-02-28 SC156666 core:RetainedEarningsAccumulatedLosses 2024-02-29 SC156666 core:LandBuildings 2024-02-29 SC156666 core:ConstructionInProgressAssetsUnderConstruction 2024-02-29 SC156666 core:PlantMachinery 2024-02-29 SC156666 core:Vehicles 2024-02-29 SC156666 core:FurnitureFittings 2024-02-29 SC156666 core:LandBuildings 2025-02-28 SC156666 core:ConstructionInProgressAssetsUnderConstruction 2025-02-28 SC156666 core:PlantMachinery 2025-02-28 SC156666 core:Vehicles 2025-02-28 SC156666 core:FurnitureFittings 2025-02-28 SC156666 core:MoreThanFiveYears 2025-02-28 SC156666 core:MoreThanFiveYears 2024-02-29 SC156666 2023-02-28 SC156666 bus:OrdinaryShareClass1 2025-02-28 SC156666 2024-03-01 2025-02-28 SC156666 bus:FilletedAccounts 2024-03-01 2025-02-28 SC156666 bus:SmallEntities 2024-03-01 2025-02-28 SC156666 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 SC156666 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC156666 bus:Director1 2024-03-01 2025-02-28 SC156666 bus:Director2 2024-03-01 2025-02-28 SC156666 core:PlantMachinery core:TopRangeValue 2024-03-01 2025-02-28 SC156666 core:Vehicles core:TopRangeValue 2024-03-01 2025-02-28 SC156666 core:FurnitureFittings 2024-03-01 2025-02-28 SC156666 2023-03-01 2024-02-29 SC156666 core:LandBuildings 2024-03-01 2025-02-28 SC156666 core:ConstructionInProgressAssetsUnderConstruction 2024-03-01 2025-02-28 SC156666 core:PlantMachinery 2024-03-01 2025-02-28 SC156666 core:Vehicles 2024-03-01 2025-02-28 SC156666 core:CurrentFinancialInstruments 2024-03-01 2025-02-28 SC156666 core:Non-currentFinancialInstruments 2024-03-01 2025-02-28 SC156666 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 SC156666 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC156666 (Scotland)

# SCOTLODGE LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH THE REGISTRAR

SCOTLODGE LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025

Contents

SCOTLODGE LIMITED

## BALANCE SHEET

AS AT 28 FEBRUARY 2025
SCOTLODGE LIMITED

## BALANCE SHEET (continued)

AS AT 28 FEBRUARY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 844,956 |  | 798,118
|  | 844,956 |  | 798,118
Current assets |  |  |  |
Stocks |  | 47,600 |  | 47,600
Debtors | 4 | 28,804 |  | 7,684
Cash at bank and in hand |  | 3,016 |  | 37,771
|  | 79,420 |  | 93,055
Creditors: amounts falling due within one year | 5 | ( 108,024) |  | ( 85,373)
Net current (liabilities)/assets |  | (28,604) |  | 7,682
Total assets less current liabilities |  | 816,352 |  | 805,800
Creditors: amounts falling due after more than one year | 6 | ( 162,215) |  | ( 159,173)
Provision for liabilities | 7 | ( 60,693) |  | ( 56,283)
Net assets |  | 593,444 |  | 590,344
Capital and reserves |  |  |  |
Called-up share capital | 8 | 1 |  | 1
Revaluation reserve |  | 363,550 |  | 363,550
Profit and loss account |  | 229,893 |  | 226,793
Total shareholder's funds |  | 593,444 |  | 590,344

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 Scotlodge Limited (registered number: SC156666) were approved and authorised for issue by the Board of Directors on 18 November 2025. They were signed on its behalf by:

Jon Beach Director |

SCOTLODGE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025
SCOTLODGE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025

##### 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

Scotlodge 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 28 Queensgate, Inverness, IV1 1DJ, Scotland, United Kingdom. The principal place of business is Main Street, Drumnadrochit, Inverness-shire, IV63 6TX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, 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 represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### 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.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### 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, other than investment property and freehold land, 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:

Land and buildings | not depreciated
Assets under construction | not depreciated
Plant and machinery | 5 years straight line
Vehicles | 5 years straight line
Fixtures and fittings | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### 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 as described below.

Non-financial assets
At each reporting period end date, the company reviews the carrying amounts of its intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

Financial assets
Financial assets, other than those held at fair value through profit and loss are assessed for indicators of impairment at each reporting end date.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks 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 at bank, cash in hand and bank overdrafts.

##### Financial instruments

The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### 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.
A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

##### 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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 22 |  | 19

#### 3. Tangible assets

| Land and buildings |  | Assets under construc- tion |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 March 2024 | 708,241 |  | 75,181 |  | 67,116 |  | 59,959 |  | 37,746 |  | 948,243
Additions | 0 |  | 0 |  | 18,894 |  | 32,022 |  | 2,718 |  | 53,634
At 28 February 2025 | 708,241 |  | 75,181 |  | 86,010 |  | 91,981 |  | 40,464 |  | 1,001,877
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 March 2024 | 0 |  | 0 |  | 66,789 |  | 59,500 |  | 23,836 |  | 150,125
Charge for the financial year | 0 |  | 0 |  | 3,117 |  | 1,526 |  | 2,153 |  | 6,796
At 28 February 2025 | 0 |  | 0 |  | 69,906 |  | 61,026 |  | 25,989 |  | 156,921
Net book value |  |  |  |  |  |  |  |  |  |  |
At 28 February 2025 | 708,241 |  | 75,181 |  | 16,104 |  | 30,955 |  | 14,475 |  | 844,956
At 29 February 2024 | 708,241 |  | 75,181 |  | 327 |  | 459 |  | 13,910 |  | 798,118

On the historic cost basis freehold land and buildings would have been included at an original cost of £322,301 (2024 - £322,301).

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 28,804 |  | 7,684

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 75,242 |  | 11,830
Trade creditors | 1,543 |  | 3,044
Taxation and social security | 19,957 |  | 60,428
Obligations under finance leases and hire purchase contracts | 4,004 |  | 1,794
Other creditors | 7,278 |  | 8,277
| 108,024 |  | 85,373

Bank loans and overdrafts of £6,652 (2024 - £6,439) are secured over the buildings owned by the company by way of a standard security and floating charge.
Bank loans of £5,528 (2024 - £5,391) are guaranteed by the UK Government through the Coronavirus Bounce Bank Loan scheme.
The obligations under hire purchase contracts totalling £4,004 (2024 - £1,794) are secured over the assets which the agreement relate to.

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 147,198 |  | 159,173
Obligations under finance leases and hire purchase contracts | 15,017 |  | 0
| 162,215 |  | 159,173

There are no amounts included above in respect of which any security has been given by the small entity.
Bank loans and overdrafts of £122,387 (2024 - £ 128,891) are secured over the buildings owned by the company by way of a standard security and floating charge.
Bank loans of £24,811 (2024- £30,282) are guaranteed by the UK Government through the Coronavirus Bounce Bank Loan scheme.
The obligations under hire purchase contracts totalling £15,017 (2024 - £nil) are secured over the assets which the agreement relate to.

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

| 2025 |  | 2024
| £ |  | £
Bank loans (repayable by instalments) | 93,516 |  | 108,246

#### 7. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 56,283) |  | ( 54,937)
Charged to the Profit and Loss Account | ( 4,410) |  | ( 1,346)
At the end of financial year | ( 60,693) |  | ( 56,283)

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1

#### 9. Financial commitments

Commitments

Capital commitments are as follows:

| 2025 |  | 2024
| £ |  | £
Contracted for but not provided for: |  |  |
Finance leases entered into | 2,268 |  | 3,698

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Dick Beach - Directors Loan Account - Opening Balance | 704 |  | (14,296)
Amounts withdrawn | 1,199 |  | 15,000
Amount repaid | (1,905) |  | 0
Dick Beach - Directors Loan Account - Closing Balance | (2) |  | 704

Loans are unsecured, interest free and are repayable on demand.