REGISTERED NUMBER: SC322478 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

New Hall Stud Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

James Gordon Thom

SECRETARY:

Vera Thom

REGISTERED OFFICE:

Barbieston Paddocks

By Ayr

Ayr

KA6 7EF

REGISTERED NUMBER:

SC322478 (Scotland)

ACCOUNTANTS:

Gillespie & Anderson

Chartered Accountants

Westburn Business Centre

McNee Road

Prestwick

KA9 2PB

FIXED ASSETS

Tangible assets

4

424

499

Investment property

5

325,000

350,000

325,424

350,499

CURRENT ASSETS

Cash at bank

4,996

5,672

CREDITORS

Amounts falling due within one year

6

55,145

31,390

NET CURRENT LIABILITIES

(50,149

)

(25,718

)

TOTAL ASSETS LESS CURRENT LIABILITIES

275,275

324,781

PROVISIONS FOR LIABILITIES

13,568

18,318

NET ASSETS

261,707

306,463

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable fair value

reserve

7

57,844

78,094

Retained earnings

203,763

228,269

SHAREHOLDERS' FUNDS

261,707

306,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2026 and were signed by:

James Gordon Thom - Director

1.	STATUTORY INFORMATION

New Hall Stud 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The director reviews the requirements of the company on a regular basis to ensure sufficient resources are available to meet commitments as they fall due. Having carried out this review the director is satisfied that the accounts may be prepared on a going concern basis.

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

-

15% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

Impairment of fixed assets

At each reporting date, the company reviews the carrying amounts of its tangible and intangible fixed 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 amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality. The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

Loans and other receivables

Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

Other financial liabilities

Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

Impairment of financial instruments

A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

Cash and cash equivalents

Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 December 2024

20,379

Disposals

(7,030

)

At 30 November 2025

13,349

DEPRECIATION

At 1 December 2024

19,880

Charge for year

75

Eliminated on disposal

(7,030

)

At 30 November 2025

12,925

NET BOOK VALUE

At 30 November 2025

424

At 30 November 2024

499

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

350,000

Revaluations

(25,000

)

At 30 November 2025

325,000

NET BOOK VALUE

At 30 November 2025

325,000

At 30 November 2024

350,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2023

71,412

Valuation in 2024

25,000

Valuation in 2025

(25,000

)

Cost

253,588

325,000

Investment property was valued on an open market basis on 30 November 2025 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

-

775

Other creditors

55,145

30,615

55,145

31,390

7.

RESERVES

Non-distributable

fair

value

reserve

£

At 1 December 2024

78,094

Revaluation adjustment

(20,250

)

At 30 November 2025

57,844

8.	RELATED PARTY DISCLOSURES

The company operates a loan account with the director. At 30 November 2025 the company owed £52,940 (2024: £29,091) to the director. This loan is unsecured, interest free and has no fixed repayment terms.

9.	CONTROLLING PARTY

Mr and Mrs J G Thom are in control of the company by virtue of their 100% ownership of the issued share capital.