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Registration number: SC703027

No.17 The Promenade Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2026

No.17 The Promenade Limited

Contents

Company Information | 1
Director's Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 11

No.17 The Promenade Limited

Company Information

Director | Mr Paul Gerrard Sloan

Registered office | 1 The Pier Oban Argyll Scotland PA34 4LW

Accountants | Jack MacDonald & Co Cuan Aille 1 Aldersyde Taynuilt Argyll PA35 1AG

No.17 The Promenade Limited

Director's Report for the Year Ended 31 March 2026

The director presents his report and the financial statements for the year ended 31 March 2026.

Director of the company

The director who held office during the year was as follows:

Mr Paul Gerrard Sloan

Principal activity

The principal activity of the company is running a hotel

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 14 August 2026

......................................... Mr Paul Gerrard Sloan Director

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
No.17 The Promenade Limited
for the Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of No.17 The Promenade Limited for the year ended 31 March 2026 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of No.17 The Promenade Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of No.17 The Promenade Limited and state those matters that we have agreed to state to the Board of Directors of No.17 The Promenade Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than No.17 The Promenade Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that No.17 The Promenade Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of No.17 The Promenade Limited. You consider that No.17 The Promenade Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of No.17 The Promenade Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

14 August 2026

No.17 The Promenade Limited

Profit and Loss Account for the Year Ended 31 March 2026

| Note | 2026 £ | 2025 £
Turnover |  | 1,386,892 | 1,331,232
Cost of sales |  | (242,319) | (240,755)
Gross profit |  | 1,144,573 | 1,090,477
Administrative expenses |  | (913,393) | (714,689)
Operating profit |  | 231,180 | 375,788
Profit before tax | 3 | 231,180 | 375,788
Tax on profit |  | (61,895) | (59,633)
Profit for the financial year |  | 169,285 | 316,155

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

No.17 The Promenade Limited

Statement of Comprehensive Income for the Year Ended 31 March 2026

| 2026 £ | 2025 £
Profit for the year | 169,285 | 316,155
Total comprehensive income for the year | 169,285 | 316,155

No.17 The Promenade Limited

(Registration number: SC703027)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 390,333 | 459,215
Current assets |  |  |
Cash at bank and in hand |  | 304,246 | 439,410
Creditors: Amounts falling due within one year | 6 | (220,289) | (217,365)
Net current assets |  | 83,957 | 222,045
Total assets less current liabilities |  | 474,290 | 681,260
Creditors: Amounts falling due after more than one year | 6 | (121,762) | (498,017)
Net assets |  | 352,528 | 183,243
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 352,428 | 183,143
Shareholders' funds |  | 352,528 | 183,243

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 14 August 2026

......................................... Mr Paul Gerrard Sloan Director

No.17 The Promenade Limited

Statement of Changes in Equity for the Year Ended 31 March 2026

| Share capital £ | Retained earnings £ | Total £
At 1 April 2025 | 100 | 183,143 | 183,243
Profit for the year | - | 169,285 | 169,285
At 31 March 2026 | 100 | 352,428 | 352,528

| Share capital £ | Retained earnings £ | Total £
At 1 April 2024 | 100 | (133,012) | (132,912)
Profit for the year | - | 316,155 | 316,155
At 31 March 2025 | 100 | 183,143 | 183,243

No.17 The Promenade Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & machinery | 15% reducing balance
Fixtures & fittings | 15% reducing balance

No.17 The Promenade Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2025 - 7).

3 | Profit before tax

Arrived at after charging/(crediting)

| 2026 £ | 2025 £
Depreciation expense | 68,882 | 81,037

No.17 The Promenade Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 April 2025 | 309,072 | 459,461 | 768,533
At 31 March 2026 | 309,072 | 459,461 | 768,533
Depreciation
At 1 April 2025 | 127,791 | 181,527 | 309,318
Charge for the year | 27,192 | 41,690 | 68,882
At 31 March 2026 | 154,983 | 223,217 | 378,200
Carrying amount
At 31 March 2026 | 154,089 | 236,244 | 390,333
At 31 March 2025 | 181,281 | 277,934 | 459,215

5 | Debtors

Current | 2026 £ | 2025 £
| - | -

6 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Trade creditors | 35,000 | 35,000
Taxation and social security | 82,202 | 76,690
Other creditors | 103,087 | 105,675
| 220,289 | 217,365

Creditors: amounts falling due after more than one year

| 2026 £ | 2025 £
Due after one year |  |
Other financial liabilities | 121,762 | 498,017

No.17 The Promenade Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

8 | Related party transactions

Summary of transactions with parent

Sloan Wells Holdings Limited Unsecured loan

Loans from related parties

2026 | Parent £ | Total £
At start of period | 498,017 | 498,017
Repaid | (376,255) | (376,255)
At end of period | 121,762 | 121,762

2025 | Parent £ | Total £
At start of period | 608,017 | 608,017
Repaid | (110,000) | (110,000)
At end of period | 498,017 | 498,017

9 | Parent and ultimate parent undertaking

The company's immediate parent is Sloan Wells Holdings Limited, incorporated in Scotland.