Registration number: SC558038

CHMD 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

CHMD Limited

Company Information

Director

Mrs Lindsay MacMillan

Registered office

Corran House Hotel Victoria Crescent Corran Esplanade Oban Argyll Scotland PA34 5PN

Accountants

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

CHMD Limited

Director's Report for the Year Ended 31 March 2026

The director presents her 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:

Mrs Lindsay MacMillan

Principal activity

The principal activity of the company is operating 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 13 August 2026
 

......................................... Mrs Lindsay MacMillan Director

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
CHMD 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 CHMD 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 CHMD 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 CHMD Limited and state those matters that we have agreed to state to the Board of Directors of CHMD 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 CHMD Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that CHMD 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 CHMD Limited. You consider that CHMD 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 CHMD 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

13 August 2026

CHMD Limited

Profit and Loss Account for the Year Ended 31 March 2026

	Note	2026 £	2025 £
Turnover		2,096,865	2,076,089
Cost of sales		(628,069)	(637,165)
Gross profit		1,468,796	1,438,924
Administrative expenses		(1,416,486)	(1,280,581)
Operating profit		52,310	158,343
Profit before tax	3	52,310	158,343
Tax on profit		(2,584)	(31,189)
Profit for the financial year		49,726	127,154

The above results were derived from continuing operations.

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

CHMD Limited

Statement of Comprehensive Income for the Year Ended 31 March 2026

	2026 £	2025 £
Profit for the year	49,726	127,154
Total comprehensive income for the year	49,726	127,154

CHMD Limited

(Registration number: SC558038)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	118,306	88,037
Current assets
Stocks	5	10,000	10,000
Cash at bank and in hand		180,691	295,960
		190,691	305,960
Creditors: Amounts falling due within one year	6	(96,787)	(136,706)
Net current assets		93,904	169,254
Total assets less current liabilities		212,210	257,291
Creditors: Amounts falling due after more than one year	6	(1,261)	(10,068)
Net assets		210,949	247,223
Capital and reserves
Called up share capital	7	100	100
Retained earnings		210,849	247,123
Shareholders' funds		210,949	247,223

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 her 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 13 August 2026
 

......................................... Mrs Lindsay MacMillan Director

CHMD Limited

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

	Share capital £	Retained earnings £	Total £
At 1 April 2025	100	247,123	247,223
Profit for the year	-	49,726	49,726
Dividends	-	(86,000)	(86,000)
At 31 March 2026	100	210,849	210,949

	Share capital £	Retained earnings £	Total £
At 1 April 2024	100	226,969	227,069
Profit for the year	-	127,154	127,154
Dividends	-	(107,000)	(107,000)
At 31 March 2025	100	247,123	247,223

CHMD 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.

CHMD Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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.

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.

CHMD Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 18 (2025 - 18).

3	Profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	29,576	22,008

CHMD Limited

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

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 April 2025	206,040	206,040
Additions	59,845	59,845
At 31 March 2026	265,885	265,885
Depreciation
At 1 April 2025	118,003	118,003
Charge for the year	29,576	29,576
At 31 March 2026	147,579	147,579
Carrying amount
At 31 March 2026	118,306	118,306
At 31 March 2025	88,037	88,037

5

Stocks

	2026 £	2025 £
Other inventories	10,000	10,000

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	60,258	64,627
Taxation and social security	26,998	59,579
Accruals and deferred income	8,350	8,350
Other creditors	1,181	4,150
	96,787	136,706

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	1,261	10,068

CHMD 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	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	1,261	10,068

9

Dividends

		2026		2025
		£		£
Interim dividend of £860.00 (2025 - £1,070.00) per ordinary share		86,000		107,000