REGISTERED NUMBER: SC682268 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

GLENORCHY LODGE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms K L Tarnopolskaia

N V Zapolskiy

REGISTERED OFFICE:

Glenorchy Lodge Hotel

DALMALLY

Argyll

PA33 1AA

REGISTERED NUMBER:

SC682268 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

FIXED ASSETS

Tangible assets

4

8,139

11,357

CURRENT ASSETS

Stocks

250

250

Debtors

5

74

-

Cash at bank

25

1,179

349

1,429

CREDITORS

Amounts falling due within one year

6

69,087

85,223

NET CURRENT LIABILITIES

(68,738

)

(83,794

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(60,599

)

(72,437

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(70,599

)

(82,437

)

SHAREHOLDERS' FUNDS

(60,599

)

(72,437

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 4 May 2026 and were signed on its behalf by:

Ms K L Tarnopolskaia - Director

1.	STATUTORY INFORMATION

Glenorchy Lodge 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.

The director will continue to fund any liabilities when they become due and therefore the accounts are prepared on a going concern basis.

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.

Plant and machinery

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 December 2024

and 30 November 2025

23,390

923

24,313

DEPRECIATION

At 1 December 2024

12,325

631

12,956

Charge for year

3,145

73

3,218

At 30 November 2025

15,470

704

16,174

NET BOOK VALUE

At 30 November 2025

7,920

219

8,139

At 30 November 2024

11,065

292

11,357

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

74

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

462

164

Other creditors

68,625

85,059

69,087

85,223

7.	RELATED PARTY DISCLOSURES

Raven Group BV owns the building known as Glenorchy Lodge. Mr N Zapolskiy is the sole shareholder of the Raven Group BV and is also a director of Glenorchy Lodge Limited. Ms K Tarnopolskaia is the only director of Raven Group BV and is also a shareholder and director of Glenorchy Lodge Limited.