Company Registration No. SC606826 (Scotland)
SHORT STAY ST ANDREWS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
James Hair Group Limited
59 Bonnygate
CUPAR
Fife
UK
KY15 4BY
SHORT STAY ST ANDREWS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
402,524
-
0
Tangible assets
4
103,654
110,787
506,178
110,787
Current assets
Stocks
-
35,500
Debtors
5
244,163
49,122
Cash at bank and in hand
935,060
415,953
1,179,223
500,575
Creditors: amounts falling due within one year
6
(1,348,943)
(527,327)
Net current liabilities
(169,720)
(26,752)
Total assets less current liabilities
336,458
84,035
Creditors: amounts falling due after more than one year
7
(243,985)
(61,156)
Provisions for liabilities
8
(19,071)
(20,426)
Net assets
73,402
2,453
Capital and reserves
Called up share capital
9
200
200
Profit and loss reserves
73,202
2,253
Total equity
73,402
2,453

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

SHORT STAY ST ANDREWS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 6 August 2026 and are signed on its behalf by:
Mr J L Mitchell
Director
Company Registration No. SC606826
SHORT STAY ST ANDREWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Short Stay St Andrews Limited is a private company limited by shares incorporated in Scotland. The registered office is 195 South Street, ST ANDREWS, Fife, KY16 9EE.

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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

T urnover comprises the invoiced value of let property management services provided by the company, net of Value Added Tax and trade discounts.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
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:

Tenants improvements
Plant and equipment
25% straight line
Fixtures and fittings
25% straight line
Computers
33.33% straight line
Motor vehicles
25% reducing balance

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.

1.5
Stocks

Stocks and work in progress including short term contracts are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost comprises direct expenditure and an appropriate proportion of fixed and variable overheads.

SHORT STAY ST ANDREWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with charges recognised in profit and loss.

1.7
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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 liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
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.

1.9
Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts paid by the company to the funds in respect of the year.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

SHORT STAY ST ANDREWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
2
Employees

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

2026
2025
Number
Number
Total
65
23
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2025
-
0
Additions
420,025
At 31 March 2026
420,025
Amortisation and impairment
At 1 April 2025
-
0
Amortisation charged for the year
17,501
At 31 March 2026
17,501
Carrying amount
At 31 March 2026
402,524
At 31 March 2025
-
0
SHORT STAY ST ANDREWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
4
Tangible fixed assets
Tenants improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2025
5,169
50,899
4,635
8,943
171,469
241,115
Additions
-
0
15,647
-
0
11,906
14,000
41,553
Disposals
-
0
-
0
-
0
-
0
(9,950)
(9,950)
At 31 March 2026
5,169
66,546
4,635
20,849
175,519
272,718
Depreciation and impairment
At 1 April 2025
1,888
26,272
4,633
7,902
89,633
130,328
Depreciation charged in the year
-
0
14,065
-
0
4,858
22,025
40,948
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(2,212)
(2,212)
At 31 March 2026
1,888
40,337
4,633
12,760
109,446
169,064
Carrying amount
At 31 March 2026
3,281
26,209
2
8,089
66,073
103,654
At 31 March 2025
3,281
24,627
2
1,041
81,836
110,787
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
60,968
25,187
Amounts owed by group undertakings
62,674
-
0
Other debtors
118,430
21,844
Prepayments and accrued income
2,091
2,091
244,163
49,122
SHORT STAY ST ANDREWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
1,130
6,780
Obligations under finance leases (secured)
16,042
16,042
Trade creditors
120,351
20,502
Corporation tax
47,667
-
0
Other taxation and social security
115,783
70,321
Other creditors
1,025,520
380,301
Directors current accounts
-
942
Accruals and deferred income
22,450
32,439
1,348,943
527,327
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
1,130
Obligations under finance leases (secured)
43,985
60,026
Other creditors
200,000
-
0
243,985
61,156
8
Provisions for liabilities
2026
2025
£
£
Deferred tax liabilities
19,071
20,426
9
Called up share capital
2026
2025
£
£
Ordinary share capital
Issued and fully paid
100 A Ordinary shares of £1 each
100
100
100 B Ordinary shares of £1 each
100
100
200
200
SHORT STAY ST ANDREWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
22,000
30,000
2026-03-31 2025-04-01 false false false 06 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr J L Mitchell Miss G A Couser SC606826 2025-04-01 2026-03-31 SC606826 2026-03-31 SC606826 2025-03-31 SC606826 core:NetGoodwill 2026-03-31 SC606826 core:NetGoodwill 2025-03-31 SC606826 core:LandBuildings 2026-03-31 SC606826 core:PlantMachinery 2026-03-31 SC606826 core:FurnitureFittings 2026-03-31 SC606826 core:ComputerEquipment 2026-03-31 SC606826 core:MotorVehicles 2026-03-31 SC606826 core:LandBuildings 2025-03-31 SC606826 core:PlantMachinery 2025-03-31 SC606826 core:FurnitureFittings 2025-03-31 SC606826 core:ComputerEquipment 2025-03-31 SC606826 core:MotorVehicles 2025-03-31 SC606826 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 SC606826 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 SC606826 core:CurrentFinancialInstruments 2026-03-31 SC606826 core:CurrentFinancialInstruments 2025-03-31 SC606826 core:Non-currentFinancialInstruments 2026-03-31 SC606826 core:Non-currentFinancialInstruments 2025-03-31 SC606826 core:ShareCapital 2026-03-31 SC606826 core:ShareCapital 2025-03-31 SC606826 core:RetainedEarningsAccumulatedLosses 2026-03-31 SC606826 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC606826 core:ShareCapitalOrdinaryShareClass1 2026-03-31 SC606826 core:ShareCapitalOrdinaryShareClass1 2025-03-31 SC606826 core:ShareCapitalOrdinaryShareClass2 2026-03-31 SC606826 core:ShareCapitalOrdinaryShareClass2 2025-03-31 SC606826 core:ShareCapitalOrdinaryShares 2026-03-31 SC606826 core:ShareCapitalOrdinaryShares 2025-03-31 SC606826 bus:Director1 2025-04-01 2026-03-31 SC606826 core:Goodwill 2025-04-01 2026-03-31 SC606826 core:PlantMachinery 2025-04-01 2026-03-31 SC606826 core:FurnitureFittings 2025-04-01 2026-03-31 SC606826 core:ComputerEquipment 2025-04-01 2026-03-31 SC606826 core:MotorVehicles 2025-04-01 2026-03-31 SC606826 2024-09-01 2025-03-31 SC606826 core:NetGoodwill 2025-03-31 SC606826 core:NetGoodwill 2025-04-01 2026-03-31 SC606826 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-03-31 SC606826 core:PlantMachinery 2025-03-31 SC606826 core:FurnitureFittings 2025-03-31 SC606826 core:ComputerEquipment 2025-03-31 SC606826 core:MotorVehicles 2025-03-31 SC606826 2025-03-31 SC606826 core:LandBuildings core:LeasedAssetsHeldAsLessee 2026-03-31 SC606826 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-04-01 2026-03-31 SC606826 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 SC606826 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 SC606826 core:Non-currentFinancialInstruments 1 2026-03-31 SC606826 core:Non-currentFinancialInstruments 1 2025-03-31 SC606826 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC606826 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 SC606826 bus:FRS102 2025-04-01 2026-03-31 SC606826 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 SC606826 bus:Director2 2025-04-01 2026-03-31 SC606826 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP