REGISTERED NUMBER: SC033283 (Scotland)

Unaudited Financial Statements for the Year Ended 31st January 2026

for

Farm & Household Stores (Inverness)

Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Directors:

S W Jack

S M Mackay

Secretary:

F M Jack

Registered office:

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

Registered number:

SC033283 (Scotland)

Accountants:

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Farm & Household Stores (Inverness) Limited for the year ended 31st January 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the 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://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Farm & Household Stores (Inverness) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Farm & Household Stores (Inverness) Limited and state those matters that we have agreed to state to the Board of Directors of Farm & Household Stores (Inverness) Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Farm & Household Stores (Inverness) Limited 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 Farm & Household Stores (Inverness) Limited. You consider that Farm & Household Stores (Inverness) Limited 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 Farm & Household Stores (Inverness) Limited. 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.

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

13th May 2026

Fixed assets

Tangible assets

4

922,667

920,006

Investments

5

2,249,706

2,051,950

3,172,373

2,971,956

Current assets

Stocks

231,385

258,462

Debtors

6

11,332

11,302

Cash at bank and in hand

80,920

227,760

323,637

497,524

Creditors

Amounts falling due within one year

7

83,005

98,421

Net current assets

240,632

399,103

Total assets less current liabilities

3,413,005

3,371,059

Provisions for liabilities

38,647

97,474

Net assets

3,374,358

3,273,585

Capital and reserves

Called up share capital

4,900

4,900

Revaluation reserve

8

511,267

511,267

Capital redemption reserve

5,100

5,100

Retained earnings

2,853,091

2,752,318

3,374,358

3,273,585

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th May 2026 and were signed on its behalf by:

S W Jack - Director

1.	Statutory information

Farm & Household Stores (Inverness) 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 as modified by the revaluation of certain assets.

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 each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at 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 Statement of Income and Retained Earnings, 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.

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.

Fair value

Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3.	Employees and directors

The average number of employees during the year was 8 (2025 - 8 ) .

4.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1st February 2025

919,130

157,676

8,973

8,095

1,093,874

Additions

-

3,155

-

-

3,155

At 31st January 2026

919,130

160,831

8,973

8,095

1,097,029

Depreciation

At 1st February 2025

-

157,676

8,705

7,487

173,868

Charge for year

-

315

27

152

494

At 31st January 2026

-

157,991

8,732

7,639

174,362

Net book value

At 31st January 2026

919,130

2,840

241

456

922,667

At 31st January 2025

919,130

-

268

608

920,006

5.	Fixed asset investments

Interest

in

associate

£

Cost or valuation

At 1st February 2025

2,051,950

Additions

1,310,498

Disposals

(1,114,200

)

Revaluations

1,458

At 31st January 2026

2,249,706

Net book value

At 31st January 2026

2,249,706

At 31st January 2025

2,051,950

The market value of investments as at 31 January 2026 is AXA IOM £838,324 (2025 - £767,846) and Brewin Dolphin £1,411,382 (2025 - £1,284,104).

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

250

363

Other debtors

11,082

10,939

11,332

11,302

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

31,092

46,897

Taxation and social security

16,797

16,642

Other creditors

35,116

34,882

83,005

98,421

8.

Reserves

Revaluation

reserve

£

At 1st February 2025

and 31st January 2026

511,267