Piersland House Hotel Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC057933 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

PIERSLAND HOUSE HOTEL COMPANY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J A Brown

R J W Brown

R G Brown

J K Brown

K P W Kuhler

J L Rae

R K Brown

SECRETARY:

J A Brown

REGISTERED OFFICE:

15 Craigend Road

Troon

KA10 6HD

REGISTERED NUMBER:

SC057933 (Scotland)

ACCOUNTANTS:

Thomas Barrie & Co LLP

4th Floor, Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

BANKERS:

Royal Bank of Scotland plc

23 Sauchiehall Street

Glasgow

G2 3AD

FIXED ASSETS

Tangible assets

4

3,417,201

3,335,041

CURRENT ASSETS

Stocks

34,916

42,791

Debtors

5

91,966

81,422

Cash at bank and in hand

768,767

560,035

895,649

684,248

CREDITORS

Amounts falling due within one year

6

(894,000

)

(884,147

)

NET CURRENT ASSETS/(LIABILITIES)

1,649

(199,899

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,418,850

3,135,142

PROVISIONS FOR LIABILITIES

(166,865

)

(145,359

)

NET ASSETS

3,251,985

2,989,783

CAPITAL AND RESERVES

Called up share capital

50,000

Revaluation reserve

7

812,140

Retained earnings

2,389,845

2,127,643

SHAREHOLDERS' FUNDS

3,251,985

2,989,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2026 and were signed on its behalf by:

J A Brown - Director

1.	STATUTORY INFORMATION

Piersland House Hotel Company Limited is a private company, limited by shares, registered in Scotland, registration number SC057933. The registered office is 15 Craigend Road, Troon, KA10 6HD.

The principal activity of the company is of a licensed hotel.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates

In preparing these financial statements, the directors are required to make judgements, estimates and assumptions that affect the application of the company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

The following judgements and estimates have had the most significant effects on amounts recognised in the financial statements:

Tangible fixed Assets

The estimates and assumptions made to determine asset lives require judgements to be made as regards useful lives and residual values. The useful lives and residual values of the company's financial assets are determined by management at the time the asset is acquired and reviewed annually for appropriateness. The lives are based on management experience with similar assets.

Turnover

Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

Sale of food and beverages

Revenue is recognised when the significant risks and rewards of ownership have been transferred to the customer, recovery of the consideration is probable, and the amount of revenue can be measured reliably. In most cases this is at the point of sale.

Room sales and associated guest services

Revenue is recognised on the occupation of rooms and when associated guest services are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

20% on reducing balance and 15% on reducing balance

Fixtures and fittings

-

25% on reducing balance and 15% on reducing balance

The carrying values of tangible fixed assets are reviewed for impairment if events or changes in circumstances indicate the carrying values may not be reasonable.

It is the company's policy to maintain the properties comprising the licenced estate in such a condition that the residual values of the properties, based on prices prevailing at time of acquisition or subsequent revaluation, are at least equal to their book values. Having regard to this, it is the opinion of the directors that depreciation of any such property as required by the Companies Act 2006 and generally accepted accounting practice would not be material.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short-term employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in profit and loss in the period in which they are incurred. A liability is recognised for the amount expected to be paid if the company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 103 (2025 - 77 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

COST OR VALUATION

At 1 February 2025

2,458,298

1,167,549

2,729,266

6,355,113

Additions

161,826

12,769

47,600

222,195

At 31 January 2026

2,620,124

1,180,318

2,776,866

6,577,308

DEPRECIATION

At 1 February 2025

-

1,087,097

1,932,975

3,020,072

Charge for year

-

12,551

127,484

140,035

At 31 January 2026

-

1,099,648

2,060,459

3,160,107

NET BOOK VALUE

At 31 January 2026

2,620,124

80,670

716,407

3,417,201

At 31 January 2025

2,458,298

80,452

796,291

3,335,041

Cost or valuation at 31 January 2026 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

Valuation in 1992

1,300,000

-

1,300,000

Cost

1,320,124

1,180,318

2,776,866

5,277,308

2,620,124

1,180,318

2,776,866

6,577,308

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

1,094,333

Freehold land and buildings were valued on an open market basis on 15 November 1990 by Chesterton .

The Land and Buildings were revalued by the directors in the financial year to 30 April 1992 at £1,300,000. The directors amended the valuation of £1,900,000 prepared by Chesterton on 15 November 1990 to reflect the downturn in the economic climate.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

18,213

18,370

Other debtors

73,753

63,052

91,966

81,422

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

188,954

200,540

Taxation and social security

222,037

137,619

Other creditors

483,009

545,988

894,000

884,147

7.

RESERVES

Revaluation

reserve

£

At 1 February 2025

and 31 January 2026

812,140

8.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Pacific Shelf 1065 Limited, registered office at:

15 Craigend Road

Troon

KA10 6HD

The company is ultimately controlled by J A Brown by virtue of his shareholding in Pacific Shelf 1065 Ltd.