Company registration number SC062080 (Scotland)
GRANGE TRADING CO (ST ANDREWS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
GRANGE TRADING CO (ST ANDREWS) LIMITED
COMPANY INFORMATION
Directors
Michael Henretty
Marian Henretty
Secretary
Michael Henretty
Company number
SC062080
Registered office
Killearn
21 Hepburn Gardens
St Andrews
Fife
KY16 9DG
Accountants
Henderson Black & Co
Chestney House
149 Market Street
St Andrews
Fife
KY16 9PF
GRANGE TRADING CO (ST ANDREWS) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
GRANGE TRADING CO (ST ANDREWS) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,037,768
3,045,671
Investments
5
2,770
2,653
3,040,538
3,048,324
Current assets
Stocks
511
697
Debtors
6
24,040
23,962
Cash at bank and in hand
781,481
628,119
806,032
652,778
Creditors: amounts falling due within one year
7
(109,491)
(91,911)
Net current assets
696,541
560,867
Total assets less current liabilities
3,737,079
3,609,191
Provisions for liabilities
(707,008)
(716,233)
Net assets
3,030,071
2,892,958
Capital and reserves
Called up share capital
13,400
13,400
Revaluation reserve
8
2,156,050
2,156,050
Other reserves
9
369
253
Profit and loss reserves
860,252
723,255
Total equity
3,030,071
2,892,958
GRANGE TRADING CO (ST ANDREWS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 3 June 2026 and are signed on its behalf by:
Michael Henretty
Marian Henretty
Director
Director
Company registration number SC062080 (Scotland)
GRANGE TRADING CO (ST ANDREWS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Grange Trading Co (St Andrews) Limited is a private company limited by shares incorporated in Scotland. The registered office is Killearn, 21 Hepburn Gardens, St Andrews, Fife, KY16 9DG.

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 principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services provided excluding VAT. The company's revenue consists of accommodation, food and beverage income and is recognised when the goods and services are supplied or provided.

1.3
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:

Heritable property
0%
Property improvements
10% per annum on straight line
Fixtures & fittings
15% per annum on reducing balance
Computer equipment
33% per annum on straight line
Motor vehicles
20% per annum on reducing balance

No depreciation has been charged on Heritable Property. In the directors' opinion the estimated residual value is that which is disclosed in the accounts and believe that the value shown is a fair one.

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.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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).

1.5
Stocks

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

GRANGE TRADING CO (ST ANDREWS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
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.

1.7
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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Investments are measured at fair value where a current value is obtainable, and gains and losses are taken to the profit and loss account.

Classification of financial liabilities

Financial liabilities are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors are classified as debt, and are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

1.8
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 is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

GRANGE TRADING CO (ST ANDREWS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.9
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.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
9
8
GRANGE TRADING CO (ST ANDREWS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 January 2025
3,000,000
240,777
3,240,777
Additions
-
925
925
At 31 December 2025
3,000,000
241,702
3,241,702
Depreciation and impairment
At 1 January 2025
-
195,106
195,106
Depreciation charged in the year
-
8,828
8,828
At 31 December 2025
-
203,934
203,934
Carrying amount
At 31 December 2025
3,000,000
37,768
3,037,768
At 31 December 2024
3,000,000
45,671
3,045,671

The heritable property was valued on the current market value on 17 May 2023 by Graham and Sibbald Chartered Surveyors, an independent firm of chartered surveyors. The directors are satisfied that there is no material change in the value in the year. The historical cost of the property is £140,000.

5
Fixed asset investments
2025
2024
£
£
Investments
2,770
2,653
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 January 2025
2,653
Valuation changes
117
At 31 December 2025
2,770
Carrying amount
At 31 December 2025
2,770
At 31 December 2024
2,653
GRANGE TRADING CO (ST ANDREWS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
24,040
23,962
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
90
89
Corporation tax
48,359
36,894
Other taxation and social security
19,124
6,347
Other creditors
41,918
48,581
109,491
91,911
8
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
2,156,050
2,156,050

The revaluation reserve represents unrealised gains and is not, therefore, available for distribution.

9
Other reserves
Fair value reserve
£
At the beginning of the prior year
235
Movement
18
At the end of the prior year
253
Movement
116
At the end of the current year
369

The fair value reserve represents unrealised gains and is not, therefore, available for distribution.

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