REGISTERED NUMBER: SC764893 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Meldrum Hospitality Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A D Meldrum

REGISTERED OFFICE:

12/8 Meadowbank Terrace

Edinburgh

EH8 7AR

REGISTERED NUMBER:

SC764893 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

FIXED ASSETS

Intangible assets

3

66,094

88,125

Tangible assets

4

6,254

3,876

72,348

92,001

CURRENT ASSETS

Stocks

2,250

-

Debtors

5

2,113

5,537

Cash at bank and in hand

47,480

30,438

51,843

35,975

CREDITORS

Amounts falling due within one year

6

86,192

84,143

NET CURRENT LIABILITIES

(34,349

)

(48,168

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,999

43,833

CREDITORS

Amounts falling due after more than one year

7

(28,750

)

(42,550

)

PROVISIONS FOR LIABILITIES

10

(1,376

)

-

NET ASSETS

7,873

1,283

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

12

7,872

1,282

SHAREHOLDERS' FUNDS

7,873

1,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 24 November 2025 and were signed by:

Mr A D Meldrum - Director

1.	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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 11 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

110,156

AMORTISATION

At 1 July 2024

22,031

Amortisation for year

22,031

At 30 June 2025

44,062

NET BOOK VALUE

At 30 June 2025

66,094

At 30 June 2024

88,125

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2024

2,558

2,287

-

4,845

Additions

997

1,905

849

3,751

At 30 June 2025

3,555

4,192

849

8,596

DEPRECIATION

At 1 July 2024

512

457

-

969

Charge for year

644

589

140

1,373

At 30 June 2025

1,156

1,046

140

2,342

NET BOOK VALUE

At 30 June 2025

2,399

3,146

709

6,254

At 30 June 2024

2,046

1,830

-

3,876

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Other debtors

2,039

5,537

Prepayments

74

-

2,113

5,537

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts (see note 8)

13,800

13,800

Trade creditors

7,166

11,626

Tax

16,204

5,498

Social security and other taxes

-

1,772

VAT

16,369

13,118

Other creditors

838

598

Directors' loan accounts

30,959

37,731

Accrued expenses

856

-

86,192

84,143

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans (see note 8)

28,750

42,550

8.

LOANS

An analysis of the maturity of loans is given below:

30.6.25

30.6.24

£

£

Amounts falling due within one year or on demand:

Bank loans

13,800

13,800

Amounts falling due between one and two years:

Bank loans - 1-2 years

13,800

13,800

Amounts falling due between two and five years:

Bank loans - 2-5 years

14,950

28,750

9.	SECURED DEBTS

HSBC UK Bank PLC holds a floating charge over the assets of the company.

10.	PROVISIONS FOR LIABILITIES

30.6.25

30.6.24

£

£

Deferred tax

1,376

-

Deferred

tax

£

Provided during year

1,376

Balance at 30 June 2025

1,376

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

1

Ordinary

1

1

1

12.

RESERVES

Retained

earnings

£

At 1 July 2024

1,282

Profit for the year

36,590

Dividends

(30,000

)

At 30 June 2025

7,872