REGISTERED NUMBER: SC469843 (Scotland)

Standard Focus Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Y Liu

Mr X He

REGISTERED OFFICE:

83 Princes Street

Edinburgh

EH2 2ER

REGISTERED NUMBER:

SC469843 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

The Royal Bank of Scotland plc

36 St Andrew Square

Edinburgh

EH2 2AD

FIXED ASSETS

Tangible assets

4

939,974

917,440

CURRENT ASSETS

Debtors

5

15,067

7,412

Cash at bank and in hand

20,370

20,142

35,437

27,554

CREDITORS

Amounts falling due within one year

6

245,844

245,773

NET CURRENT LIABILITIES

(210,407

)

(218,219

)

TOTAL ASSETS LESS CURRENT LIABILITIES

729,567

699,221

CREDITORS

Amounts falling due after more than one year

7

(576,333

)

(593,287

)

PROVISIONS FOR LIABILITIES

(12,590

)

-

NET ASSETS

140,644

105,934

CAPITAL AND RESERVES

Called up share capital

51,000

51,000

Fair value reserve

9

59,777

-

Retained earnings

29,867

54,934

SHAREHOLDERS' FUNDS

140,644

105,934

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 27 October 2026 and were signed on its behalf by:

Mr Y Liu - Director

Mr X He - Director

1.	STATUTORY INFORMATION

Standard Focus Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the director is 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.

Turnover

Turnover from provision of coach hire and tour guide services represents net sales and the revenue is recognised on the point of completion of service.

Turnover from guest house represents net sales and the revenue is recognised upon guest arrival.

Turnover from storage rental represents net sales and the revenue is recongised based on rent due in accordance with the respective rent agreements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost

Financial instruments

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

instruments. Basic financial instruments are initially recognised at transaction value and

subsequently measured at their settlement value.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions for liabilities

Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 February 2025

763,753

242,040

1,005,793

Disposals

(1,552

)

(55,474

)

(57,026

)

Revaluations

73,799

-

73,799

At 31 January 2026

836,000

186,566

1,022,566

DEPRECIATION

At 1 February 2025

-

88,353

88,353

Charge for year

-

23,239

23,239

Eliminated on disposal

-

(29,000

)

(29,000

)

At 31 January 2026

-

82,592

82,592

NET BOOK VALUE

At 31 January 2026

836,000

103,974

939,974

At 31 January 2025

763,753

153,687

917,440

Cost or valuation at 31 January 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2025

73,799

-

73,799

Cost

762,201

186,566

948,767

836,000

186,566

1,022,566

The properties were valued on an open market basis by the director, who is not a professional valuer on 31 January 2026.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 February 2025

146,474

Disposals

(26,474

)

At 31 January 2026

120,000

DEPRECIATION

At 1 February 2025

14,647

Charge for year

9,353

At 31 January 2026

24,000

NET BOOK VALUE

At 31 January 2026

96,000

At 31 January 2025

131,827

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Trade debtors

7,511

7,412

Other debtors

7,556

-

15,067

7,412

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Bank loans and overdrafts

20,604

82,884

Hire purchase contracts

20,725

-

Taxation and social security

88,018

127,995

Other creditors

116,497

34,894

245,844

245,773

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

as restated

£

£

Bank loans

401,770

357,708

Hire purchase contracts

57,629

111,911

Other creditors

116,934

123,668

576,333

593,287

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

301,741

329,669

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

as restated

£

£

Bank loans

422,374

440,592

On 24 May 2021, there was a floating charge created in favour of Royal Bank of Scotland PLC covers all the property or undertaking of the company. The charge contains negative pledge.

On 19 July 2021, a charge containing a negative pledge was created for all sums due to or to become due to Royal Bank of Scotland PLC over property at Corrie Liath, Fort Augustus, Inverness-shire, which subjects are registered in the land register of Scotland under title number INV25462.

On 8 August 2022, a charge containing a negative pledge was created for all sums due to or to become due to Royal Bank of Scotland PLC over property at 19 Ardconnel Street, Inverness IV2 3EU.

9.

RESERVES

Fair

value

reserve

£

Revaluations

73,799

Transfer in the year

(14,022

)

At 31 January 2026

59,777

10.	RELATED PARTY DISCLOSURES

During the year, Mr Y Liu, the director and shareholder advanced £8,500 (2025: £36,000) to the company. At 31 January 2026, the amount owed by the company to the director was £58,467 (2025: £49,467), including an unpaid declared dividend of £500 (2025: £nil). The directors’ current account is unsecured, interest-free and has no fixed repayment date.

During the year, Mr X He, the director and shareholder advanced £8,500 (2025: £36,000) to the company. At 31 January 2026, the amount owed by the company to the director was £58,467 (2025: £49,467), including an unpaid declared dividend of £500 (2025: £nil). The directors’ current account is unsecured, interest-free and has no fixed repayment date.