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REGISTERED NUMBER: SC442991 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 9 OCTOBER 2023

FOR

WHISKY GALORE MOVIE LIMITED

WHISKY GALORE MOVIE LIMITED (REGISTERED NUMBER: SC442991)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 9 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WHISKY GALORE MOVIE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 9 OCTOBER 2023







DIRECTORS: Iain Maclean
Peter Brendan Drayne



SECRETARY: Peter Brendan Drayne



REGISTERED OFFICE: 272 Bath Street
Glasgow
G2 4JR



REGISTERED NUMBER: SC442991 (Scotland)



ACCOUNTANTS: Stewart Gilmour & Co.
3rd Floor
St George's Buildings
5 St Vincent Place
Glasgow
G1 2DH



BANKERS: Danske Bank
Belfast Business Centre
P.O. Box 183
Donegall Square West
Belfast
BT1 6JS



SOLICITORS: Lee & Thompson LLP
4 Gee's Court
St Christopher's Place
London
W1U 1JD

WHISKY GALORE MOVIE LIMITED (REGISTERED NUMBER: SC442991)

BALANCE SHEET
9 OCTOBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Cash at bank 4,578 1,040

CREDITORS
Amounts falling due within one year 6 4,683,166 4,682,578
NET CURRENT LIABILITIES (4,678,588 ) (4,681,538 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,678,588

)

(4,681,538

)

CAPITAL AND RESERVES
Called up share capital 7 100,000 100,000
Retained earnings (4,778,588 ) (4,781,538 )
SHAREHOLDERS' FUNDS (4,678,588 ) (4,681,538 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 9 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 9 October 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.

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 8 August 2024 and were signed on its behalf by:





Peter Brendan Drayne - Director


WHISKY GALORE MOVIE LIMITED (REGISTERED NUMBER: SC442991)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 9 OCTOBER 2023

1. STATUTORY INFORMATION

Whisky Galore Movie Limited 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

Going concern
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 financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. At 9 October 2023 the company's current liabilities, including £4,678,508 owed to the directors, exceeded its current assets by £4,678,588. The company is thus dependent on the continuing support of its directors and other creditors. The directors are confident of this continuing support and of the company's long-term trading prospects and on this basis consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result from the withdrawal of this financial support.

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

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.

Film rights are being amortised evenly over their estimated useful life of one years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 33% on cost
Computer equipment - 33% on cost

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.

WHISKY GALORE MOVIE LIMITED (REGISTERED NUMBER: SC442991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 9 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Film
rights
£   
COST
At 10 October 2022
and 9 October 2023 28,000
AMORTISATION
At 10 October 2022
and 9 October 2023 28,000
NET BOOK VALUE
At 9 October 2023 -
At 9 October 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
equipment equipment Totals
£    £    £   
COST
At 10 October 2022
and 9 October 2023 2,549 1,013 3,562
DEPRECIATION
At 10 October 2022
and 9 October 2023 2,549 1,013 3,562
NET BOOK VALUE
At 9 October 2023 - - -
At 9 October 2022 - - -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,904 2,904
Directors' current accounts 4,678,508 4,678,508
Accruals and deferred income 1,754 1,166
4,683,166 4,682,578

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000,000 Ordinary 'B' £0.02 100,000 100,000

WHISKY GALORE MOVIE LIMITED (REGISTERED NUMBER: SC442991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 9 OCTOBER 2023

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the board of directors.