Company No: SC594410 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Current assets
Cash at bank and in hand		436		499
		436		499
Creditors: amounts falling due within one year	3	( 67,950)		( 52,945)
Net current liabilities		(67,514)		(52,446)
Total assets less current liabilities		(67,514)		(52,446)
Creditors: amounts falling due after more than one year	4	( 7,345)		( 18,641)
Net liabilities		( 74,859)		( 71,087)
Capital and reserves
Called-up share capital	5	100		100
Profit and loss account		( 74,959 )		( 71,187 )
Total shareholder's deficit		( 74,859)		( 71,087)

For the financial 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Penicuik House Group Ltd (registered number: SC594410) were approved and authorised for issue by the Director on 23 December 2025. They were signed on its behalf by:

Mr E J Clerk 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

Penicuik House Group Ltd (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 Penicuik Farms Office, Carsewell Steading, Penicuik, EH26 9LA, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

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, 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,240		10,046
Amounts owed to related parties	41,878		27,167
Other creditors	15,832		15,732
	67,950		52,945

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

	2025		2024
	£		£
Bank loans	7,345		18,641

There are no amounts included above in respect of which any security has been given by the small entity.

5. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
50 A shares ordinary shares of £ 1.00 each	50		50
50 B shares ordinary shares of £ 1.00 each	50		50
	100		100

6. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Directors Loan Account - Mr E J Clerk	12,733		12,733

Other related party transactions

	2025		2024
	£		£
Intercompany Loan with Penicuik Estate Partnership	37,950		27,167

These amounts are interest free loans to the company and are repayable on demand.