REGISTERED NUMBER: SC744225 (Scotland)

MACGREGORS HOSPITALITY LIMITED

Financial Statements for the Year Ended 31 January 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R de Sylva

B Macgregor

D C Forsyth CA

R W Dunlop KC

B Smith

B T Davidson

REGISTERED OFFICE:

109-113 Academy Street

Inverness

Highland

IV1 1LX

REGISTERED NUMBER:

SC744225 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Intangible assets

4

12,000

-

Tangible assets

5

55,508

53,566

Investments

6

100

-

67,608

53,566

CURRENT ASSETS

Stocks

44,348

31,642

Debtors

7

91,243

19,192

Cash at bank and in hand

65,000

43,432

200,591

94,266

CREDITORS

Amounts falling due within one year

8

141,223

84,422

NET CURRENT ASSETS

59,368

9,844

TOTAL ASSETS LESS CURRENT LIABILITIES

126,976

63,410

CAPITAL AND RESERVES

Called up share capital

2,152

2,152

Retained earnings

124,824

61,258

126,976

63,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 28 April 2026 and were signed on its behalf by:

B Macgregor - Director

J R de Sylva - Director

1.	STATUTORY INFORMATION

Macgregors Hospitality Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

-

20% depreciation on cost

Motor vehicles

-

20% depreciation on cost

Computer equipment

-

20% depreciation 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 29 (2025 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

12,000

At 31 January 2026

12,000

NET BOOK VALUE

At 31 January 2026

12,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2025

17,973

50,573

729

Additions

6,979

9,283

907

At 31 January 2026

24,952

59,856

1,636

DEPRECIATION

At 1 February 2025

2,933

16,808

250

Charge for year

3,924

11,391

-

At 31 January 2026

6,857

28,199

250

NET BOOK VALUE

At 31 January 2026

18,095

31,657

1,386

At 31 January 2025

15,040

33,765

479

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2025

3,500

2,729

75,504

Additions

1,600

233

19,002

At 31 January 2026

5,100

2,962

94,506

DEPRECIATION

At 1 February 2025

1,401

546

21,938

Charge for year

940

805

17,060

At 31 January 2026

2,341

1,351

38,998

NET BOOK VALUE

At 31 January 2026

2,759

1,611

55,508

At 31 January 2025

2,099

2,183

53,566

6.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

Additions

100

At 31 January 2026

100

NET BOOK VALUE

At 31 January 2026

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

16,806

15,848

Other debtors

74,437

3,344

91,243

19,192

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

32,893

16,708

Taxation and social security

46,398

24,878

Other creditors

61,932

42,836

141,223

84,422

9.	RELATED PARTY DISCLOSURES

Included within debtors falling due within one year is a balance of £71,338 (2025 - £9,626 creditor) due jointly from B MacGregor and J de Sylva, directors, This balance was cleared within nine months of the year-end. Whilst the loan balance is due to the company, interest is charged according to the HMRC official rate for beneficial loan arrangements; whilst the balance is due by the company, no interest is charged by the directors.

During the year, the company paid the following fees in relation to Non-Executive Director services provided:

- D Forsyth CA - £13,695

- B Davidson - £7,000

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by Bruce MacGregor and Jo de Sylva who own 100% of the A shares.