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REGISTERED NUMBER: SC049961 (Scotland)

Abridged Unaudited Financial Statements for the Year Ended 31 October 2025

for

Priory Hotels Ltd

Priory Hotels Ltd (Registered number: SC049961)

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Priory Hotels Ltd

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | Ms P Dick

| Ms K Hughes

| K S Hutton

| P G Lloyd

| REGISTERED OFFICE: | Priory Hotel

| The Square

| Beauly

| Inverness-shire

| IV4 7BX

| REGISTERED NUMBER: | SC049961 (Scotland)

| ACCOUNTANTS: | Stewart & Stewart Ltd

| Chartered Accountants

| Achorn House

| 34 Millbank Road

| Munlochy

| Ross-Shire

| IV8 8ND

Priory Hotels Ltd (Registered number: SC049961)

Abridged Balance Sheet

31 October 2025

| 31.10.25 | 31.10.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,403,734 |  | 1,544,589 |  |

CURRENT ASSETS

Stocks | 21,265 |  | 20,055 |  |

Debtors | 58,589 |  | 70,121 |  |

Cash at bank and in hand | 346,064 |  | 298,468 |  |

425,918 |  | 388,644 |  |

CREDITORS

Amounts falling due within one year | 398,498 |  | 434,785 |  |

NET CURRENT ASSETS/(LIABILITIES) | 27,420 |  | (46,141 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,431,154 |  | 1,498,448 |  |

CREDITORS

Amounts falling due after more than one year | (265,548 | ) | (368,342 | ) |

PROVISIONS FOR LIABILITIES | (31,695 | ) | (45,583 | ) |

NET ASSETS | 1,133,911 |  | 1,084,523 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 47,800 |  | 47,800 |  |

Share premium | 25,200 |  | 25,200 |  |

Revaluation reserve | 588,365 |  | 625,738 |  |

Capital redemption reserve | 15,500 |  | 15,500 |  |

Retained earnings | 457,046 |  | 370,285 |  |

SHAREHOLDERS' FUNDS | 1,133,911 |  | 1,084,523 |  |

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.

Priory Hotels Ltd (Registered number: SC049961)

Abridged Balance Sheet - continued

31 October 2025

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 April 2026 and were signed on its behalf by:

K S Hutton - Director

Priory Hotels Ltd (Registered number: SC049961)

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Priory Hotels 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

| Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract. Turnover is recognised when the amount of turnover can be measured reliably, it is probable that the Company will receive the consideration due under the contract, the stage of completion of the contract at the end of the reporting period can be measured reliably and when the costs incurred and the costs to complete the contract can be measured reliably.

| 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 | - | Straight line over 10-50 years

| Fixtures and fittings | - | Straight line over 3-6 years

| Motor vehicles | - | 25% on reducing balance

| Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

| 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 profit or loss.

| Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

| Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

| Stocks

| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Priory Hotels Ltd (Registered number: SC049961)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non convertible preference shares and non puttable ordinary or preference shares are publicly traded or their fair value can otherwise be measured reliably , the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

| All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss immediately.

| All equity investments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

| Any reversals of impairment are recognised in profit and loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

| 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.

Priory Hotels Ltd (Registered number: SC049961)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 55 (2024 - 55 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST OR VALUATION

| At 1 November 2024 | 2,772,641 |  |

| Additions | 53,419 |  |

| Disposals | (154,035 | ) |

| At 31 October 2025 | 2,672,025 |  |

| DEPRECIATION

| At 1 November 2024 | 1,228,052 |  |

| Charge for year | 46,203 |  |

| Eliminated on disposal | (5,964 | ) |

| At 31 October 2025 | 1,268,291 |  |

| NET BOOK VALUE

| At 31 October 2025 | 1,403,734 |  |

| At 31 October 2024 | 1,544,589 |  |

| Included in cost or valuation of land and buildings is freehold land of £ 199,743 (2024 - £ 199,743 ) which is not depreciated.

| Cost or valuation at 31 October 2025 is represented by:

| Totals

£ |

| Valuation in 2022 | 538,802 |  |

| Valuation in 2024 | 35,465 |  |

| Cost | 2,097,758 |  |

2,672,025 |  |

| If freehold land and buildings had not been revalued they would have been included at the following historical cost:

| 31.10.25 |  | 31.10.24

£ | £ |

| Cost | 1,522,217 |  | 1,610,776 |  |

| Aggregate depreciation | 705,719 |  | 701,906 |  |

| Value of land in freehold land and buildings | 199,743 |  | 199,743 |  |

Priory Hotels Ltd (Registered number: SC049961)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

5. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.10.25 |  | 31.10.24

£ | £ |

| Within one year | 5,861 |  | 5,861 |  |

| Between one and five years | 4,709 |  | 10,570 |  |

10,570 |  | 16,431 |  |

6. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.10.25 |  | 31.10.24

£ | £ |

| Bank loans | 368,341 |  | 471,135 |  |

| Bank loans and overdrafts totalling £368,341 (2024: £471,135) are secured by way of a floating charge over the company's freehold land and buildings and current assets.

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.10.25 |  | 31.10.24

| value: | £ | £ |

| 47,800 | Ordinary | £1 | 47,800 |  | 47,800 |  |