2 01/09/2024 31/08/2025 2025-08-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-09-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC235365 2024-09-01 2025-08-31 SC235365 2025-08-31 SC235365 2024-08-31 SC235365 2023-09-01 2024-08-31 SC235365 2024-08-31 SC235365 2023-08-31 SC235365 core:OnerousContractsExcludingVacantProperties 2024-09-01 2025-08-31 SC235365 bus:RegisteredOffice 2024-09-01 2025-08-31 SC235365 bus:LeadAgentIfApplicable 2024-09-01 2025-08-31 SC235365 bus:Director1 2024-09-01 2025-08-31 SC235365 bus:Director2 2024-09-01 2025-08-31 SC235365 bus:CompanySecretary1 2024-09-01 2025-08-31 SC235365 core:FurnitureFittingsToolsEquipment 2025-08-31 SC235365 core:WithinOneYear 2025-08-31 SC235365 core:WithinOneYear 2024-08-31 SC235365 core:AfterOneYear 2025-08-31 SC235365 core:AfterOneYear 2024-08-31 SC235365 core:ShareCapital 2025-08-31 SC235365 core:ShareCapital 2024-08-31 SC235365 core:RevaluationReserve 2025-08-31 SC235365 core:RevaluationReserve 2024-08-31 SC235365 core:RetainedEarningsAccumulatedLosses 2025-08-31 SC235365 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC235365 core:CostValuation core:Non-currentFinancialInstruments 2025-08-31 SC235365 core:Non-currentFinancialInstruments 2025-08-31 SC235365 core:Non-currentFinancialInstruments 2024-08-31 SC235365 bus:SmallEntities 2024-09-01 2025-08-31 SC235365 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 SC235365 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 SC235365 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC235365 bus:FullAccounts 2024-09-01 2025-08-31 SC235365 core:ComputerEquipment 2024-09-01 2025-08-31 SC235365 core:ComputerEquipment 2025-08-31 SC235365 core:WithinOneYear 2024-09-01 2025-08-31 SC235365 core:AfterOneYear 2024-09-01 2025-08-31
Company registration number: SC235365
Loyal Developments Ltd
Unaudited filleted financial statements
31 August 2025
Loyal Developments Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Loyal Developments Ltd
Directors and other information

| Directors | Karl Peter Howell
|  | Simon Peter Howell
| Secretary | Karl Peter Howell
| Company number | SC235365
| Registered office | Strathmore Golf Centre
|  | Leroch
|  | Alyth
|  | Perthshire
|  | PH11 8NZ
| Business address | Strathmore Golf Centre
|  | Leroch
|  | Alyth
|  | Perthshire
|  | PH11 8NZ
| Accountants | Barrie Scott & Co.
|  | 30 Mid Street
|  | Bathgate
|  | EH48 1PT

Loyal Developments Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Loyal Developments Ltd
Year ended 31 August 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Loyal Developments Ltd for the year ended 31 August 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation -of-accounts-revised-june-2020.
This report is made solely to the board of directors of Loyal Developments Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Loyal Developments Ltd and state those matters that we have agreed to state to the board of directors of Loyal Developments Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the- preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Loyal Developments Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Loyal Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Loyal Developments Ltd. You consider that Loyal Developments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Loyal Developments Ltd. 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 financial statements.
Barrie Scott & Co.
Accountants & Tax Advisers
30 Mid Street
Bathgate
EH48 1PT
6 May 2026
Loyal Developments Ltd
Statement of financial position
31 August 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Investments |  | 6 | 1,825,850 |  |  |  | 1,825,850 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 1,825,850 |  |  |  | 1,825,850
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 7 | 22,636 |  |  |  | 12,437 |  |
Cash at bank and in hand |  |  | - |  |  |  | 1,079 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 22,636 |  |  |  | 13,516 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 8 | ( 577,645) |  |  |  | ( 577,478) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 555,009) |  |  |  | ( 563,962)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 1,270,841 |  |  |  | 1,261,888
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 9 |  |  | ( 462,929) |  |  |  | ( 487,848)
Provisions for liabilities |  |  |  |  | ( 46,816) |  |  |  | ( 46,816)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 761,096 |  |  |  | 727,224
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 104 |  |  |  | 104
Revaluation reserve |  |  |  |  | 641,438 |  |  |  | 641,438
Profit and loss account |  |  |  |  | 119,554 |  |  |  | 85,682
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 761,096 |  |  |  | 727,224
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 August 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 May 2026 , and are signed on behalf of the board by:
Karl Peter Howell
Director
Company registration number: SC235365
Loyal Developments Ltd
Notes to the financial statements
Year ended 31 August 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Strathmore Golf Centre, Leroch, Alyth, Perthshire, PH11 8NZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts are prepared on a Going Concern basis.
Turnover
Revenue represents the total value, excluding value added tax, of rents received during the year.Revenue is recognised when it is due from tenants.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Computer equipment | - | 33.33 % | straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at fair value with changes in fair value being recognised in profit and loss. Listed investments are measured at fair value with changes in fair value being recognised in profit and loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets

|  | Fixtures, fittings and equipment | Computer equipment | Total |  |  |  |
|  | £ | £ | £ |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 September 2024 and 31 August 2025 | 55,071 | 554 | 55,625 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 September 2024 and 31 August 2025 | 55,071 | 554 | 55,625 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 August 2025 | - | - | - |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| At 31 August 2024 | - | - | - |  |  |  |
|  | _______ | _______ | _______ |  |  |  |

6. Investments

|  | Other investments other than loans | Total |  |  |  |
|  | £ | £ |  |  |  |
| Valuation |  |  |  |  |  |
| At 1 September 2024 and 31 August 2025 | 1,825,850 | 1,825,850 |  |  |  |
|  | _______ | _______ |  |  |  |
| Impairment |  |  |  |  |  |
| At 1 September 2024 and 31 August 2025 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 August 2025 | 1,825,850 | 1,825,850 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 August 2024 | 1,825,850 | 1,825,850 |  |  |  |
|  | _______ | _______ |  |  |  |

Under FRS 102 Investment Property must be recorded at fair value.The valuation has been carried out by the directors at 31 August 2024.
Investments held at valuation
In respect of investments held at valuation, the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

|  | Other investments other than loans | Total |  |  |  |
|  | £ | £ |  |  |  |
| At 31 August 2025 |  |  |  |  |  |
| Aggregate cost | 1,137,595 | 1,137,595 |  |  |  |
| Aggregate depreciation | (465,027) | (465,027) |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount | 672,568 | 672,568 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 August 2024 |  |  |  |  |  |
| Aggregate cost | 1,137,595 | 1,137,595 |  |  |  |
| Aggregate depreciation | (444,156) | (444,156) |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount | 693,439 | 693,439 |  |  |  |
|  | _______ | _______ |  |  |  |

7. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 22,636 | 12,437
|  |  | _______ | _______

8. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 23,580 | 18,000
| Trade creditors |  | 11,661 | 9,676
| Corporation tax |  | 16,418 | 14,676
| Other creditors |  | 525,986 | 535,126
|  |  | _______ | _______
|  |  | 577,645 | 577,478
|  |  | _______ | _______

The Allied Irish Bank (GB) holds First Standard Security over all properties owned by the company. They also hold a Bond and Floating Charge over the assets of the company and a Joint and Several Guarantee from Karl Peter, Patricia and Simon Howell for £300,000 plus interest.
9. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 462,929 | 487,848
|  |  | _______ | _______

The Allied Irish Bank (GB) holds First Standard Security over all properties owned by the company. They also hold a Bond and Floating Charge over the assets of the company and a Joint and Several Guarantee from Karl Peter, Patricia and Simon Howell for £300,000 plus interest.
Included within creditors: amounts falling due after more than one year is an amount of £ 374,929 (2024 £ 415,848 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The loan is due to Allied Irish Bank (GB) and is payable in instalments.
10. Related party transactions
During the year the company received loans from Lands of Loyal Hotel, a partnership in which Karl Peter and Simon Howell are partners. At the year end the company owed Lands of Loyal Hotel £71,273 (2024: £80,273).Included within creditors is £442,365 (2024: £442,539) due to the directors, Karl Peter Howell and Simon Howell. These loans are interest free and have no fixed term of repayment.
11. Controlling party
The company is controlled by Karl Peter Howell and Simon Howell, directors and shareholders of the company.