REGISTERED NUMBER: SC200361 (Scotland)

Unaudited Financial Statements

for the Year Ended

31 October 2025

for

PLANET (TURF HOTEL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P Lindsay

Miss H L Lindsay

REGISTERED OFFICE:

c/o Mitchells Robertson

George House

36 North Hanover Street

Glasgow

G1 2AD

REGISTERED NUMBER:

SC200361 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

4

399,386

399,386

Investments

5

2

2

399,388

399,388

CURRENT ASSETS

Debtors

6

430,141

430,141

Cash at bank

34,149

46,886

464,290

477,027

CREDITORS

Amounts falling due within one year

7

(7,826

)

(15,021

)

NET CURRENT ASSETS

456,464

462,006

TOTAL ASSETS LESS CURRENT LIABILITIES

855,852

861,394

CAPITAL AND RESERVES

Called up share capital

200

200

Revaluation reserve

8

9,049

9,049

Retained earnings

846,603

852,145

SHAREHOLDERS' FUNDS

855,852

861,394

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 12 May 2026 and were signed on its behalf by:

Mrs P Lindsay - Director

1.	STATUTORY INFORMATION

Planet (Turf Hotel) 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 November 2024

and 31 October 2025

399,386

NET BOOK VALUE

At 31 October 2025

399,386

At 31 October 2024

399,386

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2024

and 31 October 2025

2

NET BOOK VALUE

At 31 October 2025

2

At 31 October 2024

2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Pearl Projects (NI) Limited

Registered office:

Nature of business: Investment properties

%

Class of shares:

holding

Ordinary

100.00

30.9.25

30.9.24

£

£

Aggregate capital and reserves

(294,739

)

(294,739

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

430,141

430,141

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

(1

)

(1

)

Tax

577

5,198

Shareholders loan

6,225

8,799

Accrued expenses

1,025

1,025

7,826

15,021

8.

RESERVES

Revaluation

reserve

£

At 1 November 2024

and 31 October 2025

9,049

9.	RELATED PARTY DISCLOSURES

A loan was advanced to Pearl Projects (NI) Limited, a wholly owned subsidiary of the company. The amount outstanding at the balance sheet date was £430,141 (2023 : £430.141) as disclosed at note 6.

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the current and previous period.