REGISTERED NUMBER: SC267083 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2026

FOR

OLD PINES SCOTLAND LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Kenneth Graham Dalley

Imogen Louise Dalley

SECRETARY:

Imogen Louise Dalley

REGISTERED OFFICE:

R A Clement Associates

5 Argyll Square

OBAN

PA34 4AZ

REGISTERED NUMBER:

SC267083 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

FIXED ASSETS

Intangible assets

4

9,000

12,000

Tangible assets

5

1,200,837

1,170,970

1,209,837

1,182,970

CURRENT ASSETS

Stocks

7,000

6,750

Debtors

6

5,352

3,727

Prepayments and accrued income

1,251

-

Cash at bank

427

2,672

14,030

13,149

CREDITORS

Amounts falling due within one year

7

224,874

246,532

NET CURRENT LIABILITIES

(210,844

)

(233,383

)

TOTAL ASSETS LESS CURRENT LIABILITIES

998,993

949,587

CREDITORS

Amounts falling due after more than one year

8

(715,690

)

(679,776

)

PROVISIONS FOR LIABILITIES

(24,447

)

(19,555

)

NET ASSETS

258,856

250,256

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

257,856

249,256

SHAREHOLDERS' FUNDS

258,856

250,256

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 3 November 2026 and were signed on its behalf by:

Kenneth Graham Dalley - Director

1.	STATUTORY INFORMATION

Old Pines Scotland 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.

The company is being supported by the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

Nil

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on cost

No depreciation has been charged on heritable property as, in the opinion of the directors, there is no diminution in value of the property.

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2025 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2025

and 31 May 2026

75,000

AMORTISATION

At 1 June 2025

63,000

Amortisation for year

3,000

At 31 May 2026

66,000

NET BOOK VALUE

At 31 May 2026

9,000

At 31 May 2025

12,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 June 2025

1,087,393

39,742

152,113

1,279,248

Additions

40,000

823

-

40,823

At 31 May 2026

1,127,393

40,565

152,113

1,320,071

DEPRECIATION

At 1 June 2025

-

26,450

81,828

108,278

Charge for year

-

2,117

8,839

10,956

At 31 May 2026

-

28,567

90,667

119,234

NET BOOK VALUE

At 31 May 2026

1,127,393

11,998

61,446

1,200,837

At 31 May 2025

1,087,393

13,292

70,285

1,170,970

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

5,352

3,727

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

29,066

62,646

Taxation and social security

34,817

17,793

Other creditors

160,991

166,093

224,874

246,532

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

715,690

679,776

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdrafts

11,066

12,646

Bank loans

733,690

729,776

744,756

742,422

Cambridge & Counties Bank Limited hold a Standard Security over The Old Pines Hotel and a Bond and Floating Charge over the whole property of the company.