| REGISTERED NUMBER: |
| Teo Chiu Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2026 |
| REGISTERED NUMBER: |
| Teo Chiu Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2026 |
| Teo Chiu Limited (Registered number: SC617705) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Teo Chiu Limited |
| Company Information |
| for the Year Ended 31 January 2026 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 9 Ainslie Place |
| Edinburgh |
| Midlothian |
| EH3 6AT |
| BANKERS: |
| 75 George Street |
| Edinburgh |
| EH2 3EW |
| Teo Chiu Limited (Registered number: SC617705) |
| Balance Sheet |
| 31 January 2026 |
| 2026 | 2025 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| Teo Chiu Limited (Registered number: SC617705) |
| Balance Sheet - continued |
| 31 January 2026 |
| 2026 | 2025 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her 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 were approved by the director and authorised for issue on |
| Teo Chiu Limited (Registered number: SC617705) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2026 |
| 1. | STATUTORY INFORMATION |
| Teo Chiu Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover and revenue recognition |
| Turnover represents room letting and related services invoiced, excluding value added tax. Revenue is recognised upon guest arrival. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Land and buildings - 0.5% on cost |
| Plant and machinery etc - 33% on cost, 25% on cost and 20% 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. |
| Financial instruments |
| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
| All loans with related parties are all repayable on demand. |
| 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. |
| Teo Chiu Limited (Registered number: SC617705) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 February 2025 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 January 2026 |
| DEPRECIATION |
| At 1 February 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 January 2026 |
| NET BOOK VALUE |
| At 31 January 2026 |
| At 31 January 2025 |
| Teo Chiu Limited (Registered number: SC617705) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2026 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 January 2026 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2021 | 304,750 | - | 304,750 |
| Valuation in 2022 | 156,274 | - | 156,274 |
| Valuation in 2025 | (129,024 | ) | - | (129,024 | ) |
| Cost | 991,224 | 72,694 | 1,063,918 |
| 1,323,224 | 72,694 | 1,395,918 |
| If freehold property had not been revalued it would have been included at the following historical cost: |
| 2026 | 2025 |
| £ | £ |
| Cost | 991,224 | 991,224 |
| Aggregate depreciation | 29,742 | 24,785 |
| Freehold property was valued on an open market basis on 31 January 2026 by the director . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| The director's current account is unsecured, interest free and has no fixed repayment period. |
| Teo Chiu Limited (Registered number: SC617705) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2026 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 441,244 | 479,973 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2026 | 2025 |
| £ | £ |
| Bank loans |
| On 22 March 2019, a standard security was created in favour of Bank of Scotland over the property 9 Eyre Place, Edinburgh, EH3 5ES. |
| On 15 April 2019, a floating charge was created in favour of Bank of Scotland that covers all the property or undertaking of the company. |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 February 2025 |
| and 31 January 2026 |
| 10. | RELATED PARTY DISCLOSURES |
| Ms K Y Lau |
| The director of the company. |
| During the year, the company paid expenses amounting to £120,137 (2025: £89,577) on behalf of the director. The director paid expenses amounting to £86,474 (2025: £34,322) on behalf of the company. A loan balance of £1,000 attributable to Mr K T Chiu, husband of director has been transferred to the director. The outstanding balance of £125,119 (2025: £157,782) due to the director on 31 January 2026, which is unsecured, repayable on demand and no interest was charged in the year. |