PELAN LIMITED


Directors	CLANCY, Elaine Thomson
	CLANCY, Paul Martin


Company Secretary	CLANCY, Paul Martin


Registered Address	Strathleven Care Home
	30 Strathleven Place
	Dumbarton
	G82 1BA


Registered Number	SC168220 (Scotland)

Statement of Financial Position
31 July 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		630,210		645,187
			630,210		645,187
Current assets
Stocks	4	2,000		2,000
Debtors	5	27,616		22,627
Cash at bank and on hand		13		48
		29,629		24,675
Creditors amounts falling due within one year	6	(357,340)		(356,214)
Net current assets (liabilities)			(327,711)		(331,539)
Total assets less current liabilities			302,499		313,648
Provisions for liabilities	7		(3,908)		(3,498)
Net assets			298,591		310,150
Capital and reserves
Called up share capital			100		100
Profit and loss account			298,491		310,050
Shareholders' funds			298,591		310,150

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 September 2026, and are signed on its behalf by:

CLANCY, Paul Martin
Director
Registered Company No. SC168220

PELAN LIMITED

Notes to the Financial Statements
for the year ended 31 July 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis 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.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The financial statements have been prepared on a going concern basis. The validity of this is dependent on the financial support of the directors and creditors. After due consideration, the directors consider it appropriate to prepare the financial statements on a going concern basis.

	Turnover policy
	The turnover shown in the profit and loss account represents amounts invoiced to residents during the period. The company's policy is to recognise a sale when substantively all the risks and rewards in connection with the services have been passed to the resident.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Fixtures and fittings	25	-

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	20		20

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 August 25	712,451	7,500	70,377	790,328
Additions	-	-	4,880	4,880
At 31 July 26	712,451	7,500	75,257	795,208
Depreciation and impairment
At 01 August 25	84,816	7,500	52,825	145,141
Charge for year	14,249	-	5,608	19,857
At 31 July 26	99,065	7,500	58,433	164,998
Net book value
At 31 July 26	613,386	-	16,824	630,210
At 31 July 25	627,635	-	17,552	645,187

4.	Stocks

	2026	2025
	£	£
Raw materials and consumables	2,000	2,000
Total	2,000	2,000

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	10,969	9,029
Other debtors	16,647	13,598
Total	27,616	22,627

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Bank borrowings and overdrafts	65,435	59,714
Taxation and social security	32,397	31,535
Other creditors	259,508	264,965
Total	357,340	356,214

7.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	3,908	3,498
Total	3,908	3,498

8.	Operating lease commitments
	At the year end, the company had future minimum lease payments under non-cancellable operating leases of £23,139 (2025: £8,804).

9.	Related party transactions
	At the year end, the company owed the directors £224,619 (2025: £236,819), this amount is shown in other creditors. This amount is interest free, unsecured and repayable on demand.