REGISTERED NUMBER: SC502887 (Scotland)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Lionhouse 1889 Limited

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

Dr A G M Nairn

REGISTERED OFFICE:

27 Blinkbonny Avenue

Edinburgh

EH4 3HT

REGISTERED NUMBER:

SC502887 (Scotland)

ACCOUNTANTS:

McLaughlin Crolla LLP

77/2 Hanover Street

Edinburgh

EH2 1EE

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2025 set out on pages four to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

McLaughlin Crolla LLP

77/2 Hanover Street

Edinburgh

EH2 1EE

8th December 2025

FIXED ASSETS

Tangible assets

4

920,825

958,920

Investment property

5

3,247,335

3,247,335

4,168,160

4,206,255

CURRENT ASSETS

Debtors

6

17,127

23,728

Cash at bank

47,092

171,046

64,219

194,774

CREDITORS

Amounts falling due within one year

7

2,769,445

2,549,850

NET CURRENT LIABILITIES

(2,705,226

)

(2,355,076

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,462,934

1,851,179

CREDITORS

Amounts falling due after more than one year

8

1,287,167

1,841,614

NET ASSETS

175,767

9,565

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

175,766

9,564

SHAREHOLDERS' FUNDS

175,767

9,565

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 8th December 2025 and were signed by:

Dr A G M Nairn - Director

1.	STATUTORY INFORMATION

Lionhouse 1889 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

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

Tangible fixed assets

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

Improvements to property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties.

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.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has reasonable expectations that the Company has adequate resources to continue in operational existence and to meet its financial obligations as the 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1st April 2024

861,051

91,749

276,417

911

1,230,128

Disposals

-

-

-

(911

)

(911

)

At 31st March 2025

861,051

91,749

276,417

-

1,229,217

Depreciation

At 1st April 2024

33,887

90,951

145,459

911

271,208

Charge for year

17,221

95

20,779

-

38,095

Eliminated on disposal

-

-

-

(911

)

(911

)

At 31st March 2025

51,108

91,046

166,238

-

308,392

Net book value

At 31st March 2025

809,943

703

110,179

-

920,825

At 31st March 2024

827,164

798

130,958

-

958,920

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1st April 2024

and 31st March 2025

3,247,335

Net book value

At 31st March 2025

3,247,335

At 31st March 2024

3,247,335

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

1,615

Rent amortisation

16,706

20,950

Prepayments and accrued income

421

1,163

17,127

23,728

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

2,737,557

2,511,144

VAT

5,260

4,960

Accrued expenses

26,628

33,746

2,769,445

2,549,850

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Directors' loan accounts

1,287,167

1,841,614