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Registration number: SC761592

Dunollie Halls Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2026

Dunollie Halls Limited

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 11

Dunollie Halls Limited

Company Information

Directors | Mr Eric Walton Mr Mark Lockhart

Registered office | 5 Ganavan Sands Oban Argyll Scotland PA34 5TB

Accountants | Jack MacDonald & Co Cuan Aille 1 Aldersyde Taynuilt Argyll PA35 1AG

Dunollie Halls Limited

Directors' Report for the Year Ended 31 March 2026

The directors present their report and the financial statements for the year ended 31 March 2026.

Directors of the company

The directors who held office during the year were as follows:

Mr Eric Walton

Mr Mark Lockhart

Principal activity

The principal activity of the company is letting of property

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 21 May 2026 and signed on its behalf by:

......................................... Mr Eric Walton Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Dunollie Halls Limited
for the Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dunollie Halls Limited for the year ended 31 March 2026 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Dunollie Halls Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Dunollie Halls Limited and state those matters that we have agreed to state to the Board of Directors of Dunollie Halls Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dunollie Halls Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dunollie Halls Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dunollie Halls Limited. You consider that Dunollie Halls 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 accounts of Dunollie Halls 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 accounts.

......................................
Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

21 May 2026

Dunollie Halls Limited

Profit and Loss Account for the Year Ended 31 March 2026

| Note | 2026 £ | 2025 £
Turnover |  | 155,615 | 128,509
Cost of sales |  | (8,970) | (7,593)
Gross profit |  | 146,645 | 120,916
Administrative expenses |  | (75,026) | (67,051)
Operating profit |  | 71,619 | 53,865
Profit before tax | 3 | 71,619 | 53,865
Tax on profit |  | (15,199) | (9,651)
Profit for the financial year |  | 56,420 | 44,214

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Dunollie Halls Limited

Statement of Comprehensive Income for the Year Ended 31 March 2026

| 2026 £ | 2025 £
Profit for the year | 56,420 | 44,214
Total comprehensive income for the year | 56,420 | 44,214

Dunollie Halls Limited

(Registration number: SC761592)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 3,408 | 3,295
Current assets |  |  |
Debtors | 5 | 64,051 | 48,771
Cash at bank and in hand |  | 68,209 | 33,465
|  | 132,260 | 82,236
Creditors: Amounts falling due within one year | 6 | (57,222) | (13,505)
Net current assets |  | 75,038 | 68,731
Net assets |  | 78,446 | 72,026
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 78,346 | 71,926
Shareholders' funds |  | 78,446 | 72,026

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 21 May 2026 and signed on its behalf by:

......................................... Mr Eric Walton Director

Dunollie Halls Limited

Statement of Changes in Equity for the Year Ended 31 March 2026

| Share capital £ | Retained earnings £ | Total £
At 1 April 2025 | 100 | 71,926 | 72,026
Profit for the year | - | 56,420 | 56,420
Dividends | - | (50,000) | (50,000)
At 31 March 2026 | 100 | 78,346 | 78,446

| Share capital £ | Retained earnings £ | Total £
At 1 April 2024 | 100 | 28,712 | 28,812
Profit for the year | - | 44,214 | 44,214
Dividends | - | (1,000) | (1,000)
At 31 March 2025 | 100 | 71,926 | 72,026

Dunollie Halls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & machinery | 20% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Dunollie Halls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

3 | Profit before tax

Arrived at after charging/(crediting)

| 2026 £ | 2025 £
Depreciation expense | 852 | 824

Dunollie Halls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 April 2025 | 4,119 | 4,119
Additions | 965 | 965
At 31 March 2026 | 5,084 | 5,084
Depreciation
At 1 April 2025 | 824 | 824
Charge for the year | 852 | 852
At 31 March 2026 | 1,676 | 1,676
Carrying amount
At 31 March 2026 | 3,408 | 3,408
At 31 March 2025 | 3,295 | 3,295

5 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 12,721 | 199
Other debtors | 51,330 | 48,572
| 64,051 | 48,771

6 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Trade creditors | 1,399 | 2,230
Taxation and social security | 15,199 | 9,651
Other creditors | 40,624 | 1,624
| 57,222 | 13,505

7 | Share capital

Allotted, called up and fully paid shares

Dunollie Halls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

| 2026 | 2025
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

8 | Dividends

|  | 2026 |  | 2025
|  | £ |  | £
Interim dividend of £500.00 (2025 - £10.00) per ordinary share |  | 50,000 |  | 1,000