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REGISTERED NUMBER: SC432017 (Scotland)









DR SCOTCH WHISKY LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






DR SCOTCH WHISKY LTD. (REGISTERED NUMBER: SC432017)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


DR SCOTCH WHISKY LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: D C Ross
C Barnes





REGISTERED OFFICE: 4 Royal Crescent
Glasgow
G3 7SL





REGISTERED NUMBER: SC432017 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DR SCOTCH WHISKY LTD.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DR Scotch Whisky Ltd. for the year ended 31st March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of DR Scotch Whisky Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DR Scotch Whisky Ltd. and state those matters that we have agreed to state to the Board of Directors of DR Scotch Whisky Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DR Scotch Whisky Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DR Scotch Whisky Ltd.. You consider that DR Scotch Whisky Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DR Scotch Whisky 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 financial statements.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


27th November 2023

DR SCOTCH WHISKY LTD. (REGISTERED NUMBER: SC432017)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,345 57,403

CURRENT ASSETS
Stocks 2,176,266 2,795,892
Debtors 5 281,818 326,435
Cash at bank 59,186 162,303
2,517,270 3,284,630
CREDITORS
Amounts falling due within one year 6 1,612,485 2,568,494
NET CURRENT ASSETS 904,785 716,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

955,130

773,539

PROVISIONS FOR LIABILITIES 9,566 10,914
NET ASSETS 945,564 762,625

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 945,563 762,624
SHAREHOLDERS' FUNDS 945,564 762,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

DR SCOTCH WHISKY LTD. (REGISTERED NUMBER: SC432017)

BALANCE SHEET - continued
31ST MARCH 2023


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 27th November 2023 and were signed on its behalf by:





C Barnes - Director


DR SCOTCH WHISKY LTD. (REGISTERED NUMBER: SC432017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

DR Scotch Whisky 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
The turnover shown in the profit and loss account represents the sales value of whisky sold during the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Casks - 10% straight line
Fixtures and fittings - 15% straight line
Computer equipment - 25% straight line

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

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

DR SCOTCH WHISKY LTD. (REGISTERED NUMBER: SC432017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Casks fittings equipment Totals
£    £    £    £   
COST
At 1st April 2022 131,280 603 6,575 138,458
Additions 6,218 - 981 7,199
At 31st March 2023 137,498 603 7,556 145,657
DEPRECIATION
At 1st April 2022 76,459 105 4,491 81,055
Charge for year 13,214 91 952 14,257
At 31st March 2023 89,673 196 5,443 95,312
NET BOOK VALUE
At 31st March 2023 47,825 407 2,113 50,345
At 31st March 2022 54,821 498 2,084 57,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 281,818 326,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 7) 1,500,000 2,200,000
Trade creditors 3,220 10,944
Taxation and social security 46,504 294,665
Other creditors 62,761 62,885
1,612,485 2,568,494

DR SCOTCH WHISKY LTD. (REGISTERED NUMBER: SC432017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,500,000 2,200,000

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 1,500,000 2,200,000

The bank loans are secured by a floating charge over the company's assets.

9. CALLED UP SHARE CAPITAL

Allotted, issues and fully paid:

Number:

Class:

Nominal


30.9.16

30.9.1
5
value:££
51A Ordinary1p0.510.51
49B Ordinary1p0.490.49
11


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2023 and 31st March 2022:

31.3.23 31.3.22
£    £   
C Barnes
Balance outstanding at start of year 127,127 96,934
Amounts advanced 63,933 157,210
Amounts repaid (22,014 ) (127,017 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 169,046 127,127

D C Ross
Balance outstanding at start of year 100,456 93,117
Amounts advanced 311,820 107,209
Amounts repaid (389,900 ) (99,870 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,376 100,456

DR SCOTCH WHISKY LTD. (REGISTERED NUMBER: SC432017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Directors loans are interest free with no fixed repayment terms.

11. ULTIMATE CONTROLLING PARTY

The company was under the control of D C Ross throughout the current period.