REGISTERED NUMBER: SC688578 (Scotland)

Unaudited Financial Statements

for the Year Ended

28 February 2026

for

KNOCKINAAM HOTEL AND LODGES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K C R Lieu

P Y Taylor

REGISTERED OFFICE:

Knockinaam Lodge Hotel & Restaurance

Portpatrick

Stranraer

DG9 9AD

REGISTERED NUMBER:

SC688578 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Intangible assets

4

11,014

5,852

Tangible assets

5

1,174,213

487,468

1,185,227

493,320

CURRENT ASSETS

Stocks

103,734

75,071

Debtors

6

-

11,093

Cash at bank and in hand

35,815

14,047

139,549

100,211

CREDITORS

Amounts falling due within one year

7

(1,269,394

)

(395,883

)

NET CURRENT LIABILITIES

(1,129,845

)

(295,672

)

TOTAL ASSETS LESS CURRENT LIABILITIES

55,382

197,648

CREDITORS

Amounts falling due after more than one year

8

-

(4,134

)

NET ASSETS

55,382

193,514

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

55,282

193,414

55,382

193,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2026 and were signed on its behalf by:

K C R Lieu - Director

P Y Taylor - Director

1.	STATUTORY INFORMATION

Knockinaam Hotel And Lodges 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

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

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2025 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2025

12,075

Additions

7,780

At 28 February 2026

19,855

AMORTISATION

At 1 March 2025

6,223

Charge for year

2,618

At 28 February 2026

8,841

NET BOOK VALUE

At 28 February 2026

11,014

At 28 February 2025

5,852

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 March 2025

100,812

196,239

973,724

13,828

1,284,603

Additions

716,310

10,744

48,466

-

775,520

At 28 February 2026

817,122

206,983

1,022,190

13,828

2,060,123

DEPRECIATION

At 1 March 2025

7,622

81,879

699,309

8,325

797,135

Charge for year

33,386

24,034

30,254

1,101

88,775

At 28 February 2026

41,008

105,913

729,563

9,426

885,910

NET BOOK VALUE

At 28 February 2026

776,114

101,070

292,627

4,402

1,174,213

At 28 February 2025

93,190

114,360

274,415

5,503

487,468

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Prepayments

-

11,093

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other loans

4,134

12,400

Trade creditors

127,898

33,783

Amounts owed to group undertakings

29,111

224,000

Tax

-

(59

)

Social security and other taxes

28,611

4,533

VAT

1,188

34,223

Other creditors

7,938

5,679

Amount due to shareholders

1,032,607

41,868

Credit card

5,976

4,002

Deferred income

24,398

27,900

Accrued expenses

7,533

7,554

1,269,394

395,883

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other loans - 1-2 years

-

4,134