The notes on pages 2 to 5 form part of these financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

Taymouth Castle Society Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is C/O Alter Domus (UK) Limited, 10th Floor, 30 St Mary Axe, LONDON, EC3A 8BF. The principal place of business is Taymouth Castle, ABERFELDY, PH15 2NT.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to ongoing support of the parent company and certain related parties. The company therefore continues to adopt the going concern basis in preparing its financial statements.true

Heraldic rights acquired through the grant and registration of a crest by the Court of the Lord Lyon are recognised as intangible fixed assets where the Company obtains legal control of the rights, it is probable that future economic benefits attributable to the asset will flow to the Company, and the cost of the asset can be measured reliably.

The asset is initially measured at cost, comprising application fees, legal and professional fees and other directly attributable costs incurred in obtaining and registering the heraldic rights. Expenditure relating to the development of the Company's brand, marketing, promotion or other internally generated goodwill is recognised as an expense as incurred.

Following initial recognition, the asset is carried at cost less accumulated amortisation and any accumulated impairment losses.

The heraldic rights are amortised on a straight-line basis over their estimated useful economic life. The useful economic life and residual value are reviewed at each reporting date and revised where appropriate. Where the useful economic life cannot be estimated reliably, the asset is amortised over a period not exceeding ten years in accordance with FRS 102.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Management exercises judgment in determining the useful economic life of intangible assets. In assessing the appropriate useful economic life, management considers the expected duration of commercial use, the ongoing relevance of the rights, historical experience, and any legal or contractual factors. The useful economic life is reviewed annually and amended where circumstances indicate that the original estimate is no longer appropriate.

The average monthly number of persons (including directors) employed by the company during the period from 8 May 2025 was:

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its deficit for the period from 8 May 2025 then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

The company has taken advantage of the exemption in FRS 102 1AC.35 "Related Party Disclosures" from disclosing transactions with other members of the group.

Amounts due to group undertakings are interest free, unsecured and repayable on demand.

The smallest and largest group of undertakings of which the company is a member, and for which consolidated accounts are produced, is that headed by Taymouth Holdings Limited.

The registered office and principal place of business of Taymouth Holdings Limited is C/O Alter Domus (UK) Limited, 10th Floor, 30 St Mary Axe, London, EC3A 8BF.