Company registration number:
SC559636
Isles Inn Portree Ltd
Trading as
Isles Inn
Unaudited filleted abridged financial statements
30 November 2025
Isles Inn Portree Ltd
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
Isles Inn Portree Ltd
Directors and other information
|
|
|
|
Directors |
Miss Stacey Brotherhood |
|
|
|
|
|
|
|
Secretary |
Stacey Brotherhood |
|
|
|
|
|
|
|
Company number |
SC559636 |
|
|
|
|
|
|
|
Registered office |
3 Rathad Na H-airigh |
|
|
Portree |
|
|
Isle Of Skye |
|
|
IV51 9TW |
|
|
|
|
|
|
|
Business address |
Somerled Square |
|
|
Portree |
|
|
Isle Of Skye |
|
|
IV51 9EH |
|
|
|
|
|
|
|
Accountants |
MOR Accounting Services |
|
|
11 Glenfield Avenue |
|
|
Cowdenbeath |
|
|
Fife |
|
|
KY49EN |
|
|
|
Isles Inn Portree Ltd
Abridged statement of financial position
30 November 2025
|
|
|
2025 |
|
|
|
2024 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
39,282 |
|
|
|
46,587 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
39,282 |
|
|
|
46,587 |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
|
Stocks |
|
|
12,842 |
|
|
|
12,842 |
|
|
|
Debtors |
|
|
65,732 |
|
|
|
30,089 |
|
|
|
Cash at bank and in hand |
|
|
128,538 |
|
|
|
66,487 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
207,112 |
|
|
|
109,418 |
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
within one year |
|
|
(
86,008) |
|
|
|
(
143,857) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
Net current assets/(liabilities) |
|
|
|
|
121,104 |
|
|
|
(
34,439) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Total assets less current liabilities |
|
|
|
|
160,386 |
|
|
|
12,148 |
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
after more than one year |
|
|
|
|
971 |
|
|
|
(
6,183) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Net assets |
|
|
|
|
161,357 |
|
|
|
5,965 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
|
Profit and loss account |
|
|
|
|
161,257 |
|
|
|
5,865 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Shareholders funds |
|
|
|
|
161,357 |
|
|
|
5,965 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 30 November 2025 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 year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged income statement has not been delivered.
All of the members have consented to the preparation of the abridged income statement and the abridged statement of financial position for the current year ending 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
31 August 2026
, and are signed on behalf of the board by:
Miss Stacey Brotherhood
Director
Company registration number:
SC559636
Isles Inn Portree Ltd
Notes to the financial statements
Year ended 30 November 2025
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 3 Rathad Na H-airigh, Portree, Isle Of Skye, IV51 9TW.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4.
Staff costs
The average number of persons employed by the company during the year amounted to
22
(2024:
21
).
The aggregate payroll costs incurred during the year were:
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Wages and salaries |
|
462,838 |
447,251 |
|
Social security costs |
|
32,812 |
27,515 |
|
Other pension costs |
|
9,072 |
4,866 |
|
|
|
_______ |
_______ |
|
|
|
504,722 |
479,632 |
|
|
|
_______ |
_______ |
|
|
|
|
|
5.
Tangible assets
|
|
|
|
|
|
|
|
|
|
|
£ |
|
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 December 2024 |
64,296 |
|
|
|
|
|
|
|
Additions |
4,785 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 30 November 2025 |
69,081 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 December 2024 |
17,709 |
|
|
|
|
|
|
|
Charge for the year |
12,090 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 30 November 2025 |
29,799 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 November 2025 |
39,282 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 30 November 2024 |
46,587 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Miss Stacey Brotherhood |
14,344 |
33,860 |
48,204 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Miss Stacey Brotherhood |
(
7,768) |
22,112 |
14,344 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|