ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Company Registration Number: 11077512

OSBORNE HOUSE EDINBURGH LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

OSBORNE HOUSE EDINBURGH LIMITED

REGISTERED NUMBER: 11077512

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Current assets
Stocks	5	24,787,457		10,715,565
Debtors: amounts falling due within one year	6	94,333		439,560
Cash at bank and in hand	7	61,208		12,700
		24,942,998		11,167,825
Creditors: amounts falling due within one year	8	(27,777,452)		(14,038,729)
Net current liabilities			(2,834,454)		(2,870,904)
Total assets less current liabilities			(2,834,454)		(2,870,904)
Creditors: amounts falling due after more than one year			(2,000,000)		-
Net liabilities			(4,834,454)		(2,870,904)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(4,834,455)	(2,870,905)
	(4,834,454)	(2,870,904)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M R Harrison

Director

Date: 23 July 2026

The notes on pages 2 to 7 form part of these financial statements.

Page 1

OSBORNE HOUSE EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Osborne House Edinburgh Limited is a private Company limited by shares and incorporated in England and Wales under Companies Act 2006. The address of the registered office is given on the Company Information page and the nature of the Company's operations and its principal activities are set out in the Directors' Report.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in GBP and rounded to the nearest £.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Going concern

The Company has net current liabilities of £4,834,453 (2024 - £2,870,904) including an amount owed to group undertakings of £26,625,560 (2024 - £13,072,709). The Directors have sought and obtained written confirmation from the other group company that the loan balance will not be recalled for at least 12 months from the date of approval of the financial statements.

The Directors therefore have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

2.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 2

OSBORNE HOUSE EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Taxation

Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity Is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Page 3

OSBORNE HOUSE EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

3.	Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, which are described in note 2, the Directors are required to make judgements, estimates and assumptions about the carrying amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Key source of estimation uncertainty - provision for stock

Determining whether stock balances are recoverable requires judgement based on up to date trading information. The Directors use their knowledge of the business, the trading environment and future projections to assess whether provision is necessary.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 3).

5.	Stocks
		2025	2024
		£	£

Land	5,750,000	5,750,000
Work in progress	19,037,457	4,965,565
	24,787,457	10,715,565

There is no material differences between the replacement cost of stock and the amount presented above.

Debtors

					2025	2024
					£	£

Trade debtors	1,804	1,301
Other debtors	92,529	438,259
	94,333	439,560

Page 4

OSBORNE HOUSE EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	61,208	12,700
	61,208	12,700

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Payments received on account	8,104	1,800
Trade creditors	559,985	657,587
Amounts owed to group undertakings	26,625,560	13,072,709
Other creditors	540,890	100,990
Accruals and deferred income	42,913	205,643
	27,777,452	14,038,729

Amounts owed to group undertakings accrued interest at between 1.375% and 4.75% above base rate and are repayable on demand.

9.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	2,000,000	-
	2,000,000	-

The following liabilities were secured:
	2025	2024
	£	£


Bank loans	2,000,000	-
	2,000,000	-

Details of security provided:

Bank loans are secured by way of fixed and floating charges over the freehold property held by the company. Interest is charged on the loan at base rate plus 3.25% and is repayable in November 2027.

Page 5

OSBORNE HOUSE EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025



Amounts falling due 2-5 years
Bank loans	2,000,000	-
	2,000,000	-

	2,000,000	-

Not later than 1 year	41,800	1,800
Later than 1 year and not later than 5 years	76,304	-
	118,104	1,800

Page 6

OSBORNE HOUSE EDINBURGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

12.	Related party transactions
	The Company is a wholly owned subsidiary of S Harrison Group Limited and has taken advantage of the available exemption conferred by section 1AC.35 of FRS 102 not to disclose transactions with group members.

13.	Controlling party

The immediate parent undertaking of the Company is S Harrison Developments Limited, a company incorporated in England and Wales. The registered office address of this company is Stanley Harrison House, The Chocolate Works, Bishopthorpe Road, York, North Yorkshire, YO23 1DE.

The ultimate parent undertaking of the Company is S Harrison Group Limited, a company incorporated in England and Wales.

The smallest and largest group in which the results of the Company are consolidated is that headed by S Harrison Group Limited. Copies of the consolidated financial statements may be obtained from the registered office address of this company, Stanley Harrison House, The Chocolate Works, Bishopthorpe Road, York, North Yorkshire, YO23 1DE.

14.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 29 July 2026 by Steven Williams (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.

Page 7