Donald Trump’s first UK golf resort – which he boasted was “the greatest in the world” six months ago – has lost money for the seventh year in a row.

While that marked a slight improvement on the £1.25m loss posted in 2017, the resort has failed to make a profit since it opened in 2012. Its combined losses now stand at more than £9m.

The accounts, filed with Companies House on Friday, showed that the business has received a £40m interest-free loan from Donald Trump, who was a director of the firm until he became president in January 2017.

They record that the company “is dependent on continuing finance being made available to enable it to continue operating and to meets its liabilities as they fall due”.

Despite the continued losses, the company boasts of its plans to expand the Menie Estate by building 500 houses and a second golf course.

President Trump in Britain for state visit: In pictures Show all 40 1 /40 President Trump in Britain for state visit: In pictures President Trump in Britain for state visit: In pictures President Trump, Prime Minister Theresa May and Jeremy Hunt, the foreign secretary, pose for a photo during dinner at Winfield House, the US ambassador's residence in London AFP/Getty President Trump in Britain for state visit: In pictures President Trump and Prime Minister Theresa May share a laugh outside of Downing Street Reuters President Trump in Britain for state visit: In pictures President Trump walks with the Queen while other guests follow as they arrive at a state banquet in Buckingham Palace AFP/Getty President Trump in Britain for state visit: In pictures The red carpet is rolled out in front of Downing Street prior to the arrival of President Trump AP President Trump in Britain for state visit: In pictures President Trump meets with prime minister Theresa May for a business roundtable meeting at St James' Palace in London AP President Trump in Britain for state visit: In pictures President Trump makes a speech at the state banquet in Buckingham Palace Getty President Trump in Britain for state visit: In pictures President Trump and the Queen share a toast at the state banquet in Buckingham Palace Reuters President Trump in Britain for state visit: In pictures Philip May and Melania Trump attend a garden party for families of Downing Street staff on the second day of President Trump's visit Getty President Trump in Britain for state visit: In pictures President Trump meets with the Queen at Buckingham Palace as he arrives on the first day of his three-day state visit PA President Trump in Britain for state visit: In pictures A mixed crowd of supporters and detractors waits outside Buckingham Palace ahead of the arrival of President Trump Reuters President Trump in Britain for state visit: In pictures President Trump and the Queen view an exhibition of items from the Royal Collection that are of historical significance to the US PA President Trump in Britain for state visit: In pictures President Trump inspects an honour guard during a welcome ceremony in the garden of Buckingham Palace AP President Trump in Britain for state visit: In pictures The police block a road leading to Westminster Abbey, where Donald Trump is visiting on the first day of his state visit PA President Trump in Britain for state visit: In pictures President Trump walks with Prince Charles in the gardens of Buckingham Palace AFP/Getty President Trump in Britain for state visit: In pictures The McDonalds restaurant on Whitehall near to Westminster Abbey provides an excuse as to why they are not serving milkshakes today, though many have speculated that it is due to the recent trend of pouring milkshakes over right wing political figures Tom Batchelor / The Independent President Trump in Britain for state visit: In pictures Protesters with anti-Trump signs stand on Whitehall near Downing Street Tom Batchelor / The Independent President Trump in Britain for state visit: In pictures President Trump and First Lady Melania are welcomed by the Queen, Prince Charles and Camilla at Buckingham Palace EPA President Trump in Britain for state visit: In pictures King's Troop Royal Horse Artillery perform a gun salute to honour President Trump's state visit and to mark the 66th anniversary of Queen Elizabeth's coronation at Green Park Getty President Trump in Britain for state visit: In pictures A protester stands on Whitehall near Downing Street holding a sign with an anti-Trump message Tom Batchelor / The Independent President Trump in Britain for state visit: In pictures A supporter welcomes the president's visit on Whitehall near Downing Street Tom Batchelor / The Independent President Trump in Britain for state visit: In pictures A miniature Trump balloon in the protest on Whitehall near Downing Street Tom Batchelor / The Independent President Trump in Britain for state visit: In pictures A protester wears a "No Trumps" card in his hat as he walks nearby to Buckingham Palace Getty President Trump in Britain for state visit: In pictures President Trump walks with Prince Charles and a Buckingham Palace guard as he is welcomed on the first day of his three-day state visit AFP/Getty President Trump in Britain for state visit: In pictures Dedicated pro-Trump and pro-Brexit campaigner Joseph Afrane awaits the president's arrival at Buckingham Palace Tom Batchelor / The Independent President Trump in Britain for state visit: In pictures Crowds watch as Marine One, the helicopter carrying President Trump, arrives at Buckingham Palace PA President Trump in Britain for state visit: In pictures President Trump and First Lady Melania depart from Air Force one at Stansted Airport Reuters President Trump in Britain for state visit: In pictures Supporters of the president - 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“Early indications have shown a swell of support from developers and the public,” according to the accounts, which were signed off by Mr Trump’s son Eric.

However the plans prompted objections from government watchdog Scottish Natural Heritage (SNH) and several locals angry about the potential environmental damage to the nearby coastline.

One member of the public from Stirling stated that “this money-making endeavour for Mr Donald Trump will once again severely affect the natural habitat and landscape of Scotland, a country that he is interested in only for its economic value, and for which he does not mind destroying to make himself a profit.”

Experts said the existing course had already ”destroyed” the ecosystem, causing permanent habitat loss, and in June the SNH consulted over plans to remove its status as a site of special scientific interest.

When Mr Trump first announced his plans for the resort in 2006, he claimed it would create 6,000 jobs. At present the company employs 77 people, a reduction of seven staff since 2017.

Mr Trump’s sons Donald Trump Jr and Eric Trump remain directors of the firm, along with Trump Organisation CEO Alan Weisselberg.