Company No: SC825290 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.10.2025
		£
Fixed assets
Tangible assets	3	875,186
		875,186
Current assets
Stocks		4,500
Debtors		2,500
Cash at bank and in hand		234,780
		241,780
Creditors: amounts falling due within one year	4	( 869,423)
Net current liabilities		(627,643)
Total assets less current liabilities		247,543
Creditors: amounts falling due after more than one year		( 202,446)
Provision for liabilities		( 6,250)
Net assets		38,847
Capital and reserves
Called-up share capital	5	100
Profit and loss account		38,747
Total shareholders' funds		38,847

For the financial period ending 31 October 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 financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of McIntosh Hospitality Ltd (registered number: SC825290) were approved and authorised for issue by the Board of Directors on 07 October 2026. They were signed on its behalf by:

Andrew Ferguson Mcintosh Director

Jennifer May Mcintosh Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

McIntosh Hospitality Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Ardennan House Hotel Old Kemnay Road, Port Elphinstone, Inverurie, AB51 3XD, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net assets of £38,847. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they adopt the going concern basis in preparing the financial statements.

Reporting period length

The company was incorporated on 9 October 2024 and commenced trading on 30 October 2024. These financial statements have been prepared for the period from incorporation to 31 October 2025. As this is the company's first set of financial statements, no comparative figures are presented.

Turnover

Turnover is recognised at the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Leasehold improvements	not depreciated
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	20 % reducing balance
Computer equipment	25 % reducing balance

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the Company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, 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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	Period from 09.10.2024 to 31.10.2025
	Number
Monthly average number of persons employed by the Company during the period, including directors	20

3. Tangible assets

	Land and buildings		Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£		£		£
Cost
At 09 October 2024	0		0		0		0		0		0		0
Additions	416,842		412,605		6,199		7,800		36,238		4,234		883,918
At 31 October 2025	416,842		412,605		6,199		7,800		36,238		4,234		883,918
Accumulated depreciation
At 09 October 2024	0		0		0		0		0		0		0
Charge for the financial period	0		0		1,298		1,950		5,195		289		8,732
At 31 October 2025	0		0		1,298		1,950		5,195		289		8,732
Net book value
At 31 October 2025	416,842		412,605		4,901		5,850		31,043		3,945		875,186

4. Creditors: amounts falling due within one year

	31.10.2025
	£
Bank loans	8,079
Trade creditors	15,134
Taxation and social security	45,920
Other creditors	800,290
	869,423

The bank loan is secured by a floating charge over the assets of the company.

5. Called-up share capital

	31.10.2025
	£
Allotted, called-up and fully-paid
40 A ordinary shares of £ 1.00 each	40
40 B ordinary shares of £ 1.00 each	40
10 C ordinary shares of £ 1.00 each	10
10 D ordinary shares of £ 1.00 each	10
	100

The company was incorporated with 50 A ordinary shares of £1 each and 50 B ordinary shares of £1 each. During the year, 10 A ordinary shares were reclassified as C ordinary shares and 10 B ordinary shares were reclassified as D ordinary shares. The shares were fully paid on issue.

6. Related party transactions

Transactions with the entity's directors

	31.10.2025
	£
Amounts owed to directors	788,753
Amounts owed from directors	1,869

On 30 October 2024, A & J McIntosh, a partnership of which two of the company's directors were partners, transferred its trade and certain assets and liabilities to the company under a business transfer agreement. The net consideration was credited to the directors' loan accounts. The resulting loan is interest free and has no fixed repayment terms.