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Registration number: SC492282

W H S Hotts Limited
Unaudited Financial Statements
1 April 2024 to 1 April 2025

W H S Hotts Limited

Contents

Accountants' Report | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 4

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
W H S Hotts Limited
for the Period Ended 1 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of W H S Hotts Limited for the period ended 1 April 2025 as set out on pages 2 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of W H S Hotts Limited, as a body, in accordance with the terms of our engagement letter dated 19 December 2022. Our work has been undertaken solely to prepare for your approval the accounts of W H S Hotts Limited and state those matters that we have agreed to state to the Board of Directors of W H S Hotts Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W H S Hotts Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that W H S Hotts Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of W H S Hotts Limited. You consider that W H S Hotts Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of W H S Hotts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

6 January 2026

W H S Hotts Limited

(Registration number: SC492282)
Balance Sheet as at 1 April 2025

| Note | 1 April 2025 £ | 31 March 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 22,526 | 573,622
Current assets |  |  |
Stocks |  | - | 514,443
Debtors | 6 | 992,324 | 202,413
Cash at bank and in hand |  | 544,419 | -
|  | 1,536,743 | 716,856
Creditors: Amounts falling due within one year | 7 | (774,952) | (244,830)
Net current assets |  | 761,791 | 472,026
Total assets less current liabilities |  | 784,317 | 1,045,648
Creditors: Amounts falling due after more than one year | 7 | - | (407,890)
Provisions for liabilities |  | (68,204) | (101,089)
Net assets |  | 716,113 | 536,669
Capital and reserves |  |  |
Allotted, called up and fully paid share capital |  | 100 | 100
Profit and loss account |  | 716,013 | 536,569
Total equity |  | 716,113 | 536,669

W H S Hotts Limited

(Registration number: SC492282)
Balance Sheet as at 1 April 2025 (continued)

For the financial period ending 1 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 January 2026 and signed on its behalf by:

.........................................

G Hamilton

Director

.........................................

VL Hamilton

Director

W H S Hotts Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 1 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Oak View
Waterbeck
LOCKERBIE
DG11 3EY

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Government grants

Government grants such as the basic payment scheme are included in the profit and loss account when all the necessary conditions for receipt have been met.

Grants relating to revenue are recognised in the profit and loss account on a systematic basis over the periods in which the related costs are recognised for which the grant is intended to compensate.
Grants for the purpose of giving immediate financial support with no future related costs to be incurred are recognised in the profit and loss account when the grant proceeds become receivable.

W H S Hotts Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 1 April 2025 (continued)

Other grants
Other grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets on a basis consistent with the depreciation policy.

Basic payment scheme

The amount paid in connection with the purchase of the basic payment scheme entitlement was amortised over the useful economic life of that entitlement, and has now been fully amortised.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | 5% and 10% straight line basis
Plant and equipment | 15% reducing balance and 5% straight line basis
Motor vehicles | 25% reducing balance basis

Land and buildings relate to tenants improvements on land leased by the company from the directors. As the long term intention is for the business operation to continue it is deemed a true and fair view to depreciate the assets at 5% and 10% straight line over their useful economic life.

W H S Hotts Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 1 April 2025 (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Trading stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. The cost of livestock represents the purchase cost plus any additional costs of rearing the animal. Net realisable value is based on selling price less anticipated selling costs. Crop stock is valued at fair value less any anticipated costs to sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

W H S Hotts Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 1 April 2025 (continued)

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5 (2024 - 5).

W H S Hotts Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 1 April 2025 (continued)

4 | Intangible assets

| Basic payment scheme £ | Total £
Cost or valuation
At 1 April 2024 | 68,219 | 68,219
Disposals | (68,219) | (68,219)
At 1 April 2025 | - | -
Amortisation
At 1 April 2024 | 68,219 | 68,219
Amortisation eliminated on disposals | (68,219) | (68,219)
At 1 April 2025 | - | -
Carrying amount
At 1 April 2025 | - | -
At 31 March 2024 | - | -

W H S Hotts Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 1 April 2025 (continued)

5 | Tangible assets

| Land and buildings £ | Plant and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 49,879 | 885,706 | 24,495 | 960,080
Additions | - | 82,507 | 12,000 | 94,507
Disposals | (49,879) | (934,046) | (12,000) | (995,925)
At 1 April 2025 | - | 34,167 | 24,495 | 58,662
Depreciation
At 1 April 2024 | 21,112 | 345,694 | 19,652 | 386,458
Charge for the period | 3,923 | 21,987 | 3,961 | 29,871
Eliminated on disposal | (25,035) | (352,408) | (2,750) | (380,193)
At 1 April 2025 | - | 15,273 | 20,863 | 36,136
Carrying amount
At 1 April 2025 | - | 18,894 | 3,632 | 22,526
At 31 March 2024 | 28,767 | 540,012 | 4,843 | 573,622

6 | Debtors

| 1 April 2025 £ | 31 March 2024 £
Trade debtors | 216,966 | 147,348
Other debtors | 775,358 | 55,065
| 992,324 | 202,413

W H S Hotts Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 1 April 2025 (continued)

7 | Creditors

| Note | 1 April 2025 £ | 31 March 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 338,188 | 114,612
Trade creditors |  | 103,956 | 110,948
Taxation and social security |  | 46,927 | 3,587
Corporation tax liability |  | 226,493 | 9,520
Other creditors |  | 59,388 | 6,163
|  | 774,952 | 244,830
Due after one year |  |  |
Loans and borrowings | 8 | - | 400,317
Other creditors |  | - | 7,573
|  | - | 407,890

| 1 April 2025 £ | 31 March 2024 £
After more than five years by instalments | - | 194,068
| - | 194,068

W H S Hotts Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 1 April 2025 (continued)

8 | Loans and borrowings

| 1 April 2025 £ | 31 March 2024 £
Current loans and borrowings
Bank borrowings | 338,188 | 49,692
Bank overdrafts | - | 60,677
Finance lease liabilities | - | 4,243
| 338,188 | 114,612

Current loans and borrowings includes the following liabilities, on which security has been given by the company:

| 1 April 2025 £ | 31 March 2024 £
Bank borrowings | 338,188 | 49,692
Bank overdraft | - | 60,677
Finance lease liabilities | - | 4,243
| 338,188 | 114,612

Bank overdraft and borrowings are secured by a floating charge over the company's assets.
Finance lease liabilities are secured on the assets to which they relate.

| 1 April 2025 £ | 31 March 2024 £
Non-current loans and borrowings
Bank borrowings | - | 400,317

W H S Hotts Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 1 April 2025 (continued)

Non-current loans and borrowings includes the following liabilities, on which security has been given by the company:

| 1 April 2025 £ | 31 March 2024 £
Bank borrowings | - | 400,317

Bank borrowings are secured by a floating charge over the company's assets.

9 | Related party transactions

Transactions with directors

2025 | At 1 April 2024 £ | Advances £ | Repayments £ | Other payments £ | Dividends credited £ | Interest £ | At 1 April 2025 £
G Hamilton
Director's loan | 18,736 | 248,033 | (23,957) | - | (22,000) | 1,060 | 221,872
VL Hamilton
Director's loan | 24,025 | 117,446 | (13,637) | - | (22,000) | 975 | 106,809

2024 | At 1 April 2023 £ | Advances £ | Repayments £ | Other payments £ | Dividends credited £ | Interest £ | At 31 March 2024 £
G Hamilton
Director's loan | - | 46,150 | (26,676) | - | (1,000) | 262 | 18,736
VL Hamilton
Director's loan | - | 36,919 | (12,282) | - | (1,000) | 388 | 24,025

Directors' advances are repayable on demand.
Interest has been charged at a rate of 2.25% on advances to directors.