REGISTERED NUMBER: SC448992 (Scotland)

Financial Statements

for the Year Ended 31 May 2025

for

Carrigans (Blantyre) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

J Carrigan

Mrs M P Carrigan

B Carrigan

REGISTERED OFFICE:

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

REGISTERED NUMBER:

SC448992 (Scotland)

AUDITORS:

O'Haras Accountants Limited (Statutory Auditor)

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Tangible assets

4

2,856,819

2,695,487

CURRENT ASSETS

Stocks

66,915

63,728

Debtors

5

50,404

150,218

Cash at bank and in hand

216,268

52,129

333,587

266,075

CREDITORS

Amounts falling due within one year

6

891,790

679,573

NET CURRENT LIABILITIES

(558,203

)

(413,498

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,298,616

2,281,989

CREDITORS

Amounts falling due after more than one year

7

(840,552

)

(1,008,170

)

PROVISIONS FOR LIABILITIES

(196,503

)

(173,869

)

NET ASSETS

1,261,561

1,099,950

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

1,261,461

1,099,850

1,261,561

1,099,950

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 27 May 2026 and were signed on its behalf by:

B Carrigan - Director

1.	STATUTORY INFORMATION

Carrigans (Blantyre) 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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Impairment of fixed assets

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an 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 the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 78 (2024 - 65 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 June 2024

2,648,076

243,813

339,943

3,231,832

Additions

105,000

36,088

40,494

181,582

At 31 May 2025

2,753,076

279,901

380,437

3,413,414

DEPRECIATION

At 1 June 2024

-

212,068

324,277

536,345

Charge for year

-

13,069

7,181

20,250

At 31 May 2025

-

225,137

331,458

556,595

NET BOOK VALUE

At 31 May 2025

2,753,076

54,764

48,979

2,856,819

At 31 May 2024

2,648,076

31,745

15,666

2,695,487

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,299

7,099

Amounts owed by group undertakings

25,414

39,603

Amounts owed by associates

-

450

Other debtors

20,691

103,066

50,404

150,218

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

163,145

163,145

Machine gaming duty

2,166

-

Trade creditors

341,635

180,637

Amounts owed to associates

102,067

-

Taxation and social security

195,601

158,424

Other creditors

87,176

177,367

891,790

679,573

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

840,552

1,008,170

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

187,973

355,591

8.	SECURED DEBTS

Bank borrowings are secured by standard securities together with bonds and floating charges over the assets of the ultimate parent company and its subsidiaries.

9.

RESERVES

Retained

earnings

£

At 1 June 2024

1,099,850

Profit for the year

206,611

Dividends

(45,000

)

At 31 May 2025

1,261,461

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Except as discussed in the following paragraph, we conducted our audit in accordance with International Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.

The company’s inventories are carried in the Statement of Financial Position at £66,915. No official physical stock count was conducted by the company at or around the year end, and we were unable to obtain sufficient appropriate audit evidence regarding the existence, quantities, and condition of inventory by alternative means. Consequently, we were unable to determine whether any adjustments might have been necessary in respect of inventory balances and the corresponding effect on cost of sales and profit for the year

The financial statements for the year ended 31 May 2024 were not audited, although an audit was required. As a result, we were unable to obtain sufficient appropriate audit evidence regarding the opening balances as at 01 June 2024, which may affect the comparability of the current year’s figures. Our opinion on the current year’s financial statements is therefore modified because of the possible effects of this matter on the comparability of the current period’s figures with those of the prior period.

As disclosed in Note 2 to the financial statements, the Company has not provided for depreciation on its freehold buildings. In our opinion, International Financial Reporting Standards require that buildings be depreciated over their useful lives in order to match the expense to the period in which the economic benefits are consumed.

In our opinion, except for the effects of such adjustments, if any, as might have been determined to be necessary had we been able to satisfy ourselves as to physical inventory quantities, and had the results of the prior year been audited, the financial statements give a true and fair view of the financial position of the Company as of 31 May 2025.

John O'Hara (Senior Statutory Auditor)

for and on behalf of O'Haras Accountants Limited (Statutory Auditor)

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the parent company, Eating House (Scotland) Limited.