Registration number: SC666841

Lochside Hotel Trading 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 12

Lochside Hotel Trading Limited

Company Information

Director

Mr Neil Morrison

Registered office

The Lochside Hotel 20 Shore Street Bowmore Islay Argyll Scotland PA43 7LB

Accountants

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

Lochside Hotel Trading 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 Neil Morrison

Principal activity

The principal activity of the company is operating the Lochside Hotel, Bowmore, Islay

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 9 July 2026
 

......................................... Mr Neil Morrison Director

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Lochside Hotel Trading 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 Lochside Hotel Trading Limited for the year ended 31 March 2026 as set out on pages 4 to 12 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 Lochside Hotel Trading 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 Lochside Hotel Trading Limited and state those matters that we have agreed to state to the Board of Directors of Lochside Hotel Trading 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 Lochside Hotel Trading Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lochside Hotel Trading 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 Lochside Hotel Trading Limited. You consider that Lochside Hotel Trading 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 Lochside Hotel Trading 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

9 July 2026

Lochside Hotel Trading Limited

Profit and Loss Account for the Year Ended 31 March 2026

	Note	2026 £	2025 £
Turnover		1,119,208	1,223,586
Cost of sales		(614,385)	(655,013)
Gross profit		504,823	568,573
Administrative expenses		(421,042)	(435,783)
Other operating income		45,662	-
Operating profit		129,443	132,790
Interest payable and similar expenses		(5,069)	(9,855)
Profit before tax	3	124,374	122,935
Tax on profit		(32,449)	(18,650)
Profit for the financial year		91,925	104,285

The above results were derived from continuing operations.

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

Lochside Hotel Trading Limited

Statement of Comprehensive Income for the Year Ended 31 March 2026

	2026 £	2025 £
Profit for the year	91,925	104,285
Total comprehensive income for the year	91,925	104,285

Lochside Hotel Trading Limited

(Registration number: SC666841)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	54,275	59,088
Current assets
Debtors	5	391,917	428,589
Cash at bank and in hand		93,595	25,133
		485,512	453,722
Creditors: Amounts falling due within one year	6	(188,920)	(203,868)
Net current assets		296,592	249,854
Net assets		350,867	308,942
Capital and reserves
Called up share capital	7	100	100
Retained earnings		350,767	308,842
Shareholders' funds		350,867	308,942

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 9 July 2026
 

......................................... Mr Neil Morrison Director

Lochside Hotel Trading Limited

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

	Share capital £	Retained earnings £	Total £
At 1 April 2025	100	308,842	308,942
Profit for the year	-	91,925	91,925
Dividends	-	(50,000)	(50,000)
At 31 March 2026	100	350,767	350,867

	Share capital £	Retained earnings £	Total £
At 1 April 2024	100	204,557	204,657
Profit for the year	-	104,285	104,285
At 31 March 2025	100	308,842	308,942

Lochside Hotel Trading 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	20% reducing balance

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.

Lochside Hotel Trading Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Lochside Hotel Trading Limited

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2025 - 10).

3	Profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	13,568	14,771

Lochside Hotel Trading Limited

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

4	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2025	63,108	16,797	79,905
Additions	-	8,755	8,755
At 31 March 2026	63,108	25,552	88,660
Depreciation
At 1 April 2025	12,621	8,196	20,817
Charge for the year	10,097	3,471	13,568
At 31 March 2026	22,718	11,667	34,385
Carrying amount
At 31 March 2026	40,390	13,885	54,275
At 31 March 2025	50,487	8,601	59,088

5

Debtors

Current	Note	2026 £	2025 £
Amounts owed by related parties	9	389,675	415,802
Other debtors		2,242	12,787
		391,917	428,589

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	47,395	-
Trade creditors		25,847	112,331
Taxation and social security		40,304	29,851
Accruals and deferred income		1,000	1,000
Other creditors		74,374	60,686
		188,920	203,868

7	Share capital

Allotted, called up and fully paid shares

Lochside Hotel Trading Limited

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

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

8	Loans and borrowings

Other borrowings

The carrying amount of Hire purchase at year end is £47,395 (2025 - £Nil).

9	Related party transactions

Summary of transactions with other related parties

Mr Neil Morrison (Director) Consultancy fees £31,200 (2025 - £31,800)

10	Parent and ultimate parent undertaking

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