Company registration number SC552488 (Scotland)
THE RISSCO COLLECTION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
THE RISSCO COLLECTION LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 11
THE RISSCO COLLECTION LIMITED
COMPANY INFORMATION
- 1 -
Director
Mr H H Rissmann
Secretary
Turcan Connell Company Secretaries Limited
Company number
SC552488
Registered office
Strathaven Hotel
Hamilton Road
Strathaven
Scotland
ML10 6SZ
Accountants
Consilium Chartered Accountants
169 West George Street
Glasgow
Scotland
G2 2LB
THE RISSCO COLLECTION LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
11,083
22,171
Tangible assets
4
1,445,743
1,531,837
1,456,826
1,554,008
Current assets
Stocks
19,785
14,500
Debtors
5
69,366
64,587
Cash at bank and in hand
480,980
371,629
570,131
450,716
Creditors: amounts falling due within one year
6
(671,676)
(536,970)
Net current liabilities
(101,545)
(86,254)
Total assets less current liabilities
1,355,281
1,467,754
Creditors: amounts falling due after more than one year
7
(1,154,366)
(1,319,319)
Provisions for liabilities
8
(62,245)
(73,973)
Net assets
138,670
74,462
Capital and reserves
Called up share capital
10
100
100
Profit and loss reserves
138,570
74,362
Total equity
138,670
74,462

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

THE RISSCO COLLECTION LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2026
31 January 2026
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 14 May 2026
Mr H H Rissmann
Director
Company Registration No. SC552488
THE RISSCO COLLECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 4 -
1
Accounting policies
Company information

The Rissco Collection Limited is a private company limited by shares incorporated in Scotland. The registered office is Strathaven Hotel, Hamilton Road, Strathaven, Scotland, ML10 6SZ. The company's registration number is SC552488.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss account represents the value of all hotel services delivered during the year, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the c ompany has fulfilled its contractual obligations to the customer.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
2% straight line
Fixtures and fittings
15% reducing balance
Computer equipment
33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

THE RISSCO COLLECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 5 -
1.6
Stocks

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

Cost is the purchase price of food and beverages calculated using the first-in first-out method.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

THE RISSCO COLLECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 6 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value, and are depreciated in accordance with the above depreciation policies.

Future instalments payable under such agreements, net of finance charges, are included within creditors. Rentals payable are apportioned between the capital element, which reduces the outstanding obligation included within creditors, and the finance element, which is charged to the profit and loss accoun t on a straight line basis.

Rentals payable under operating leases, including any lease incentives received, are charged to the profit and loss account on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Total
54
55
THE RISSCO COLLECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 7 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2025 and 31 January 2026
110,869
Amortisation and impairment
At 1 February 2025
88,698
Amortisation charged for the year
11,088
At 31 January 2026
99,786
Carrying amount
At 31 January 2026
11,083
At 31 January 2025
22,171
4
Tangible fixed assets
Freehold property
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 February 2025
1,432,046
828,048
4,319
98,500
2,362,913
Additions
-
0
3,500
-
0
-
0
3,500
At 31 January 2026
1,432,046
831,548
4,319
98,500
2,366,413
Depreciation and impairment
At 1 February 2025
254,673
545,088
3,612
27,703
831,076
Depreciation charged in the year
28,641
42,707
547
17,699
89,594
At 31 January 2026
283,314
587,795
4,159
45,402
920,670
Carrying amount
At 31 January 2026
1,148,732
243,753
160
53,098
1,445,743
At 31 January 2025
1,177,373
282,960
707
70,797
1,531,837
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
54,398
10,915
Other debtors
14,968
53,672
69,366
64,587
THE RISSCO COLLECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 8 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
62,318
60,739
Trade creditors
70,445
44,748
Taxation and social security
227,892
136,213
Other creditors
311,021
295,270
671,676
536,970

Bank borrowings are secured by way of a bond and floating charge over the whole assets of the c ompany and a standard security over the c ompany's heritable property.

Included within other creditors are amounts totalling £7,700 (20 25 - £7,700) relating to hire purchase contracts which are secured over the assets to which they relate.

7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
440,108
497,361
Other creditors
714,258
821,958
1,154,366
1,319,319

Bank borrowings are secured by way of a bond and floating charge over the whole assets of the c ompany and a standard security over the c ompany's heritable property.

Included within other creditors are amounts totalling £14,758 (20 25 - £22,458) relating to hire purchase contracts which are secured over the assets to which they relate.

Creditors which fall due after five years are as follows:
2026
2025
£
£
Payable by instalments
172,650
236,680
8
Provisions for liabilities
2026
2025
£
£
Deferred tax liabilities
9
62,245
73,973
THE RISSCO COLLECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 9 -
9
Deferred taxation

The following are the major deferred tax liabilities recognised by the company and movements thereon:

2026
2025
Balances:
£
£
Accelerated capital allowances
62,245
73,973
2026
Movements in the year:
£
Liability at 1 February 2025
73,973
Credit to profit or loss
(11,728)
Liability at 31 January 2026
62,245
10
Called up share capital
2026
2025
£
£
Ordinary share capital
Issued and fully paid
1 A Ordinary of £50
50
50
1 B Ordinary of £50
50
50
100
100
THE RISSCO COLLECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
10
Called up share capital
(Continued)
- 10 -

Ordinary shares

A Ordinary and B Ordinary shares confer full voting rights.

The shares confer the right to receive dividends once the preference shares have been redeemed and all loans are fully repaid. The A ordinary shares shall rank pari passu with the B Ordinary shares in respect of any such distribution.

On a return of assets on liquidation, and once the preference shares have been repaid, the shares confer the right to receive an amount equivalent to the original subscription price per share and a distribution of the surplus assets of the c ompany in proportion to the number of shares held. The A ordinary shares shall rank pari passu with the B Ordinary shares in respect of any such distribution. In the event of a share sale, the shares confer ( once the preference shares have been repaid) a right to a distribution of the proceeds of the sale in proportion to the number of shares held. The A ordinary shares shall rank pari passu with the B Ordinary shares in respect of any such distribution. In the event of an asset sale, the shares confer (once the preference shares have been repaid) a right to a distribution of the surplus assets of the c ompany in proportion to the number of shares held. The A ordinary shares shall rank pari passu with the B Ordinary shares in respect of any such distribution.

The shares are not redeemable.

Preference shares

Preference shares have no voting rights attached to them.

The shares confer the right to receive an annual fixed dividend. From 1 April 2022 until 31 March 2023 the annual rate was 2.5%. From and including 1 April 2023 until the Preference Shares are redeemed in full the annual rate will be 1% above the base rate of The Royal Bank of Scotland Plc, subject to a minimum annual rate of 2.5%.

On a return of assets on liquidation or in the event of a share or asset sale, the shares confer the right to repayment of an amount equivalent to the original subscription price per preference share in priority to all other share classes.

On 1 July 2025 50,000 Preference shares of £1 each were redeemed at par for cash and on 1 September 2025 a further 50,000 Preference shares of £1 each were redeemed at par for cash.

At any time after the tenth anniversary of the date of the c ompany's adoption of the relevant Articles of Association, the shareholders are to use all reasonable endeavours to procure alternative funding to be obtained by the c ompany to allow the Preference shares to be redeemed within 1 year. Subject to the foregoing, the director of the c ompany shall determine the terms, conditions and manner of redemption of the Preference shares.

11
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
2,755
3,844
THE RISSCO COLLECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 11 -
12
Related party transactions

As at 31 January 202 6 amounts totalling £529,500 (20 25 - £529,500) were due to the director, Mr H H Rissman. The director's current account is unsecured and non-interest bearing.

No further transactions with related parties were undertaken such as are required to be disclosed under the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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