Silverfin false false 30/04/2026 01/05/2025 30/04/2026 James Ross Graham 07/04/2015 Philip Mckenna 07/04/2015 04 August 2026 The principal activity of the Company during the financial year continued to be that of the leasing out of an inn and restaurant. SC502617 2026-04-30 SC502617 bus:Director1 2026-04-30 SC502617 bus:Director2 2026-04-30 SC502617 2025-04-30 SC502617 core:CurrentFinancialInstruments 2026-04-30 SC502617 core:CurrentFinancialInstruments 2025-04-30 SC502617 core:ShareCapital 2026-04-30 SC502617 core:ShareCapital 2025-04-30 SC502617 core:RevaluationReserve 2026-04-30 SC502617 core:RevaluationReserve 2025-04-30 SC502617 core:RetainedEarningsAccumulatedLosses 2026-04-30 SC502617 core:RetainedEarningsAccumulatedLosses 2025-04-30 SC502617 core:OtherPropertyPlantEquipment 2025-04-30 SC502617 core:OtherPropertyPlantEquipment 2026-04-30 SC502617 2024-04-30 SC502617 bus:OrdinaryShareClass1 2026-04-30 SC502617 bus:OrdinaryShareClass2 2026-04-30 SC502617 bus:OrdinaryShareClass3 2026-04-30 SC502617 2025-05-01 2026-04-30 SC502617 bus:FilletedAccounts 2025-05-01 2026-04-30 SC502617 bus:SmallEntities 2025-05-01 2026-04-30 SC502617 bus:AuditExemptWithAccountantsReport 2025-05-01 2026-04-30 SC502617 bus:PrivateLimitedCompanyLtd 2025-05-01 2026-04-30 SC502617 bus:Director1 2025-05-01 2026-04-30 SC502617 bus:Director2 2025-05-01 2026-04-30 SC502617 core:OtherPropertyPlantEquipment core:TopRangeValue 2025-05-01 2026-04-30 SC502617 2024-05-01 2025-04-30 SC502617 bus:OrdinaryShareClass1 2025-05-01 2026-04-30 SC502617 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 SC502617 bus:OrdinaryShareClass2 2025-05-01 2026-04-30 SC502617 bus:OrdinaryShareClass2 2024-05-01 2025-04-30 SC502617 bus:OrdinaryShareClass3 2025-05-01 2026-04-30 SC502617 bus:OrdinaryShareClass3 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC502617 (Scotland)

# THE OLD CROSS INN LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2026
PAGES FOR FILING WITH THE REGISTRAR

THE OLD CROSS INN LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2026

Contents

THE OLD CROSS INN LTD

## BALANCE SHEET

AS AT 30 APRIL 2026
THE OLD CROSS INN LTD

## BALANCE SHEET (continued)

AS AT 30 APRIL 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 4 | 275,000 |  | 225,000
|  | 275,000 |  | 225,000
Current assets |  |  |  |
Debtors | 5 | 2,000 |  | 0
Cash at bank and in hand | 6 | 13,417 |  | 5,758
|  | 15,417 |  | 5,758
Creditors: amounts falling due within one year | 7 | ( 134,158) |  | ( 140,829)
Net current liabilities |  | (118,741) |  | (135,071)
Total assets less current liabilities |  | 156,259 |  | 89,929
Provision for liabilities | 8, 9 | ( 9,615) |  | 0
Net assets |  | 146,644 |  | 89,929
Capital and reserves |  |  |  |
Called-up share capital | 10 | 100 |  | 100
Revaluation reserve |  | 66,358 |  | 28,858
Profit and loss account |  | 80,186 |  | 60,971
Total shareholders' funds |  | 146,644 |  | 89,929

For the financial year ending 30 April 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 financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of The Old Cross Inn Ltd (registered number: SC502617) were approved and authorised for issue by the Board of Directors on 04 August 2026. They were signed on its behalf by:

James Ross Graham Director |

THE OLD CROSS INN LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2026
THE OLD CROSS INN LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

The Old Cross Inn Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Skirmie Park, Welton Road, Blairgowrie, PH10 6NP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents amounts receivable for the rental of an inn and restaurant.
Rental income is recognised on a straight line basis over the term of the lease.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 4 years straight line

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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews 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).

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2025 | 19,833 |  | 19,833
At 30 April 2026 | 19,833 |  | 19,833
Accumulated depreciation |  |  |
At 01 May 2025 | 19,833 |  | 19,833
At 30 April 2026 | 19,833 |  | 19,833
Net book value |  |  |
At 30 April 2026 | 0 |  | 0
At 30 April 2025 | 0 |  | 0

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 May 2025 | 225,000
Fair value movement | 50,000
As at 30 April 2026 | 275,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 April 2026 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

#### 5. Debtors

| 2026 |  | 2025
| £ |  | £
Other debtors | 2,000 |  | 0

#### 6. Cash and cash equivalents

| 2026 |  | 2025
| £ |  | £
Cash at bank and in hand | 13,417 |  | 5,758

#### 7. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Taxation and social security | 4,608 |  | 2,189
Other creditors | 129,550 |  | 138,640
| 134,158 |  | 140,829

#### 8. Provision for liabilities

| 2026 |  | 2025
| £ |  | £
Deferred tax | 9,615 |  | 0

#### 9. Deferred tax

| 2026 |  | 2025
| £ |  | £
At the beginning of financial year | 0 |  | 0
Charged to the Profit and Loss Account | ( 9,615) |  | 0
At the end of financial year | ( 9,615) |  | 0

#### 10. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
45 A Ordinary shares of £ 1.00 each | 45 |  | 45
45 B Ordinary shares of £ 1.00 each | 45 |  | 45
10 C Ordinary shares of £ 1.00 each | 10 |  | 10
| 100 |  | 100

#### 11. Related party transactions

Transactions with the entity's directors

| 2026 |  | 2025
| £ |  | £
Amounts Owed to Directors | 125,900 |  | 134,900

The above loans are unsecured, interest free and the Directors confirm they will not seek repayment of the loan until all other creditors have been met.