ACCOUNTS - Final Accounts preparation

Registered number: SC092421

GLEN NEVIS HOLIDAYS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

GLEN NEVIS HOLIDAYS LIMITED

COMPANY INFORMATION

Directors	E A Cameron
	J E Cameron
	R J McCready
	M Cooke
	M J Wardell (appointed 15 March 2026)


Registered number	SC092421


Registered office	Glen Nevis
	Fort William
	Inverness-Shire
	PH33 6SX


Accountants	EQ Accountants Limited
	Chartered Accountants
	14 City Quay
	Dundee
	DD1 3JA

GLEN NEVIS HOLIDAYS LIMITED

REGISTERED NUMBER: SC092421

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2026

		2026		2025
		£		£

Fixed assets
Tangible assets	4		4,321,016		3,353,147
Investments	5		175		175
			4,321,191		3,353,322
Current assets
Stocks	6	92,621		89,724
Debtors: amounts falling due within one year	7	323,186		653,008
Cash at bank and in hand		234,575		316,580
		650,382		1,059,312
Creditors: amounts falling due within one year	8	(1,086,008)		(681,747)
Net current (liabilities)/assets			(435,626)		377,565
Total assets less current liabilities			3,885,565		3,730,887
Creditors: amounts falling due after more than one year	9		(8,890)		(12,562)
Provisions for liabilities
Deferred tax		(377,378)		(324,539)
Other provisions		-		(59,729)
			(377,378)		(384,268)
Net assets			3,499,297		3,334,057

Capital and reserves
Called up share capital	10	100	100
Share premium account		406,351	406,351
Other reserves		15	15
Profit and loss account		3,092,831	2,927,591
		3,499,297	3,334,057

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GLEN NEVIS HOLIDAYS LIMITED

REGISTERED NUMBER: SC092421

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 October 2026.

J E Cameron

Director

The notes on pages 3 to 10 form part of these financial statements.

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GLEN NEVIS HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	GENERAL INFORMATION

Glen Nevis Holidays Limited is a private company, limited by shares, incorporated in Scotland with registration number SC092421. The registered office is Glen Nevis, Fort William, Inverness-Shire, PH33 6SX.

The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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GLEN NEVIS HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.3

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

2.4

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.5

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

GLEN NEVIS HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery	-	20%	reducing balance
Motor vehicles	-	25%	reducing balance
Fixtures and fittings	-	20%	reducing balance
Computer equipment	-	33%	reducing balance
Caravans	-	10%	reducing balance

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

Page 5

GLEN NEVIS HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.8

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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.

2.9

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 94 (2025 - 92).

Page 6


		GLEN NEVIS HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

	4.	TANGIBLE FIXED ASSETS

	Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Caravans	Total
	£	£	£	£	£	£	£
COST OR VALUATION
At 1 February 2025	2,862,300	1,991,539	383,115	946,724	31,517	787,470	7,002,665
Additions	1,011,074	73,425	19,698	10,968	6,705	47,176	1,169,046
At 31 January 2026	3,873,374	2,064,964	402,813	957,692	38,222	834,646	8,171,711
DEPRECIATION
At 1 February 2025	837,716	1,225,354	324,516	878,756	25,376	357,800	3,649,518
Charge for the year on owned assets	-	113,844	19,574	15,785	4,281	47,693	201,177
At 31 January 2026	837,716	1,339,198	344,090	894,541	29,657	405,493	3,850,695
NET BOOK VALUE
At 31 January 2026	3,035,658	725,766	58,723	63,151	8,565	429,153	4,321,016

Page 7

GLEN NEVIS HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

5.	FIXED ASSET INVESTMENTS

		Unlisted investments
		£
	COST OR VALUATION
	At 1 February 2025	175
	At 31 January 2026	175

6.	STOCKS
		2026
		£

	Stock	76,654
	Livestock	15,967
		92,621

DEBTORS

					2026	2025
					£	£


Trade debtors	17,326	19,537
Other debtors	233,011	563,994
Prepayments and accrued income	72,849	69,477
	323,186	653,008

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2026	2025
		£	£

Trade creditors	213,091	39,405
Other taxation and social security	79,435	100,279
Other creditors	408,854	145,385
Accruals and deferred income	384,628	396,678
	1,086,008	681,747

Page 8

GLEN NEVIS HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

9.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2026	2025
		£	£

Government grants received	8,890	12,562
	8,890	12,562

Page 9

GLEN NEVIS HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

10.	SHARE CAPITAL
		2026	2025
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

2,900 (2025 - 2,900) Ordinary A Shares shares of £0.01 each	29	29
7,100 (2025 - 7,100) Ordinary B Shares shares of £0.01 each	71	71

	100	100

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