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REGISTERED NUMBER: SC578252 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Guest House Interiors Ltd

Guest House Interiors Ltd (Registered number: SC578252)

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

Guest House Interiors Ltd

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | Mr O C Guest

| L Guest

| REGISTERED OFFICE: | South Arbennie Farm

| Madderty

| Crieff

| PH7 3PT

| REGISTERED NUMBER: | SC578252 (Scotland)

| ACCOUNTANTS: | One Accounting Ltd

| Chartered Management Accountants

| Drumsheugh Toll

| 2 Belford Road

| Edinburgh

| Midlothian

| EH4 3BL

Guest House Interiors Ltd (Registered number: SC578252)

Statement of Financial Position

31 October 2025

| 31.10.25 | 31.10.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 28,438 |  | 40,056 |  |

Investment property | 5 | 3,143,101 |  | 3,831,558 |  |

3,171,539 |  | 3,871,614 |  |

CURRENT ASSETS

Debtors | 6 | 20,797 |  | 2,743 |  |

Cash at bank | 1,532,073 |  | 362,636 |  |

1,552,870 |  | 365,379 |  |

CREDITORS

Amounts falling due within one year | 7 | 3,961,736 |  | 3,523,120 |  |

NET CURRENT LIABILITIES | (2,408,866 | ) | (3,157,741 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 762,673 |  | 713,873 |  |

PROVISIONS FOR LIABILITIES | 132,010 |  | 137,139 |  |

NET ASSETS | 630,663 |  | 576,734 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 8 | 383,099 |  | 391,249 |  |

Retained earnings | 8 | 247,464 |  | 185,385 |  |

630,663 |  | 576,734 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 11 March 2026 and were signed on its behalf by:

Mr O C Guest - Director

Guest House Interiors Ltd (Registered number: SC578252)

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Guest House Interiors Ltd 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 as modified by the revaluation of certain assets.

| 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 the cost less estimated residual value of each asset over its estimated useful life.

| Improvements to property | - | 10% on cost

| Fixtures and fittings | - | 20% 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.

| Where a fair value adjustment has been made, the amount has been transferred from retained earnings to a fair value reserve in order to distinguish between distributable and non distributable reserves.

| Financial instruments

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

| Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivable and payable are initially measured at transaction price adjusted for transaction costs. They are subsequently recognised at amortised costs using the effective interest method.

| Creditors payable within one year, typically trade payables, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid.

| Debtors payable within one year, typically trade receivables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be received.

| 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 statement of financial position date.

Guest House Interiors Ltd (Registered number: SC578252)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 101,711 |  |

| DEPRECIATION

| At 1 November 2024 | 61,655 |  |

| Charge for year | 11,618 |  |

| At 31 October 2025 | 73,273 |  |

| NET BOOK VALUE

| At 31 October 2025 | 28,438 |  |

| At 31 October 2024 | 40,056 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 November 2024 | 3,831,558 |  |

| Disposals | (695,000 | ) |

| Revaluations | 6,543 |  |

| At 31 October 2025 | 3,143,101 |  |

| NET BOOK VALUE

| At 31 October 2025 | 3,143,101 |  |

| At 31 October 2024 | 3,831,558 |  |

Guest House Interiors Ltd (Registered number: SC578252)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

5. | INVESTMENT PROPERTY - continued

| Fair value at 31 October 2025 is represented by:

£ |

| Valuation in 2020 | 26,428 |  |

| Valuation in 2021 | 58,714 |  |

| Valuation in 2022 | 71,596 |  |

| Valuation in 2023 | 171,817 |  |

| Valuation in 2024 | 175,702 |  |

| Valuation in 2025 | 6,543 |  |

| Cost | 2,632,301 |  |

3,143,101 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

| 31.10.25 |  | 31.10.24

£ | £ |

| Cost | 2,632,301 |  | 3,309,892 |  |

| Investment property was valued on an open market basis on 31 October 2025 by Mr O Guest (Director) .

| The director does not hold any relevant professional qualifications in respect of property valuations, but has significant experience of owning and operating properties of this type and are therefore well placed to make a fair value assessment.

6. | DEBTORS

| 31.10.25 |  | 31.10.24

£ | £ |

| Amounts falling due within one year:

| Other debtors | 849 |  | 200 |  |

| Prepayments and accrued income | 9,948 |  | 2,543 |  |

10,797 |  | 2,743 |  |

| Amounts falling due after more than one year:

| Other debtors | 10,000 |  | - |  |

| Aggregate amounts | 20,797 |  | 2,743 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.10.25 |  | 31.10.24

£ | £ |

| Tax | 20,924 |  | 15,925 |  |

| Other creditors | 751,880 |  | - |  |

| Directors' current accounts | 3,185,379 |  | 3,505,948 |  |

| Accruals and deferred income | 3,553 |  | 1,247 |  |

3,961,736 |  | 3,523,120 |  |

Guest House Interiors Ltd (Registered number: SC578252)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

8. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 November 2024 | 185,385 |  | 391,249 |  | 576,634 |  |

| Profit for the year | 54,829 |  | 54,829 |  |

| Dividends | (900 | ) | (900 | ) |

| Transfer to Fair Value | 8,150 |  | (8,150 | ) | - |  |

| At 31 October 2025 | 247,464 |  | 383,099 |  | 630,563 |  |

9. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £900 (2024 - £1,000) were paid to the directors .

| The loan provided by Mr O Guest who is also a director, is interest free and repayable on demand. It is unsecured. The amount due to Mr O Guest at the period end was £3,185,379 (2024: £3,505,948).

| Other Related Parties

| From time to time the company enters into transactions with other Companies under common control or in which significant influence is held by the director. Where these transactions have been made under normal market conditions, specific details are not provided.

| 31.10.25 |  |

| £ |  |

| Amount due to related party |  |  | 751,880 |  |  |

| Interest is charged at 1.5% per annum. All loans are unsecured. |  |

| Transactions with other related parties |  | New loans Issued |  | Amounts Repaid |  | Interest Charged |  | InterestPaid |  | Closing balanceat 31.10.25 |  |

|  | £ |  | £ |  | £ |  | £ |  | £ |  |

|  | 1,250.000 |  | 500,000 |  | 11,352 |  | 9,472 |  | 751,880 |  |