RSM Trading Company Ltd - Period Ending 2026-02-28

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
RSM Trading Company Ltd
trading as The Anchor Inn
for the Period Ended 28 February 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RSM Trading Company Ltd for the period ended 28 February 2026 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of RSM Trading Company Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of RSM Trading Company Ltd and state those matters that we have agreed to state to the Board of Directors of RSM Trading Company Ltd, as a body, in this report.

This is in accordance with the requirements of the ACCA and, to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RSM Trading Company Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that RSM Trading Company Ltd 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 RSM Trading Company Ltd. You consider that RSM Trading Company Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of RSM Trading Company Ltd. 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.

....................................................................

RGA Scotland Limited
Chartered Accountants
Orchardlea
Callander
FK17 8BG

28 October 2026

RSM Trading Company Ltd
trading as The Anchor Inn

(Registration number: SC329952)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	5	42,500	42,500
Tangible assets	6	406,435	407,697
		448,935	450,197
Current assets
Stocks	7	8,700	8,700
Debtors	8	271	22,914
Cash at bank and in hand		6,290	8,736
		15,261	40,350
Creditors: Amounts falling due within one year	9	(127,836)	(163,619)
Net current liabilities		(112,575)	(123,269)
Total assets less current liabilities		336,360	326,928
Creditors: Amounts falling due after more than one year	9	(174,105)	(171,811)
Net assets		162,255	155,117
Capital and reserves
Called up share capital	10	132	100
Retained earnings		162,123	155,017
Shareholders' funds		162,255	155,117

For the financial period ending 28 February 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 period in question in accordance with section 476; and
•	The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 28 October 2026

.........................................
Robert Stuart McQueen
Director

RSM Trading Company Ltd
trading as The Anchor Inn

Notes to the Financial Statements for the Period from 1 October 2025 to 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Woodlea Garage
Garelochhead
G84 0EG

These financial statements were authorised for issue by the director on 28 October 2026.

2	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 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

RSM Trading Company Ltd
trading as The Anchor Inn

Notes to the Financial Statements for the Period from 1 October 2025 to 28 February 2026

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
Fixtures, fittings, equipment	5-10% p.a reducing balance basis in current year
Freehold property	no depreciation considered necessary

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	no further amortisation considered necessary

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

RSM Trading Company Ltd
trading as The Anchor Inn

Notes to the Financial Statements for the Period from 1 October 2025 to 28 February 2026

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 are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 16 (2025 - 22).

RSM Trading Company Ltd
trading as The Anchor Inn

Notes to the Financial Statements for the Period from 1 October 2025 to 28 February 2026

4	Profit/loss before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	1,261	2,761

5	Intangible assets

Goodwill
£

Total
£

Cost or valuation

At 1 October 2025

76,744

76,744

At 28 February 2026

76,744

76,744

Amortisation

At 1 October 2025

34,244

34,244

At 28 February 2026

34,244

34,244

Carrying amount

At 28 February 2026

42,500

42,500

At 30 September 2025

42,500

42,500

6

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
£

Total
£

Cost or valuation

At 1 October 2025

407,107

188,022

595,129

At 28 February 2026

407,107

188,022

595,129

Depreciation

At 1 October 2025

27,411

160,022

187,433

Charge for the period

-

1,261

1,261

At 28 February 2026

27,411

161,283

188,694

Carrying amount

At 28 February 2026

379,696

26,739

406,435

At 30 September 2025

379,696

28,001

407,697

RSM Trading Company Ltd
trading as The Anchor Inn

Notes to the Financial Statements for the Period from 1 October 2025 to 28 February 2026

7

Stocks

2026
£

2025
£

Stock for sale and business use

8,700

8,700

8

Debtors

Current

2026
£

2025
£

Other debtors

271

22,914

271

22,914

9

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	11	93,296	113,958
Trade creditors		1,975	3,621
Taxation and social security		2,468	25,123
Accruals and deferred income		7,793	10,497
Other creditors		22,304	10,420
		127,836	163,619

10	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	132	132	100	100

RSM Trading Company Ltd
trading as The Anchor Inn

Notes to the Financial Statements for the Period from 1 October 2025 to 28 February 2026

11	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £

Bank borrowings	173,939	170,652
Hire purchase contracts	166	1,159
	174,105	171,811

Current loans and borrowings

	2026 £	2025 £

Bank borrowings	17,783	43,888
Bank overdrafts	-	68,229
Hire purchase contracts	1,986	1,986
Director current account	73,527	(145)
	93,296	113,958

Company Information	1
Director's Report	2
Accountants' Report	3
Balance Sheet	4
Notes to the Financial Statements	5 to 10

	Goodwill £	Total £
Cost or valuation
At 1 October 2025	76,744	76,744
At 28 February 2026	76,744	76,744
Amortisation
At 1 October 2025	34,244	34,244
At 28 February 2026	34,244	34,244
Carrying amount
At 28 February 2026	42,500	42,500
At 30 September 2025	42,500	42,500

	Land and buildings £	Furniture, fittings and equipment £	Total £
Cost or valuation
At 1 October 2025	407,107	188,022	595,129
At 28 February 2026	407,107	188,022	595,129
Depreciation
At 1 October 2025	27,411	160,022	187,433
Charge for the period	-	1,261	1,261
At 28 February 2026	27,411	161,283	188,694
Carrying amount
At 28 February 2026	379,696	26,739	406,435
At 30 September 2025	379,696	28,001	407,697