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REGISTERED NUMBER: SC674023 (Scotland)











Audited Financial Statements

for the Year Ended 31 December 2023

for

BONDED WHISKY PARTNERS LIMITED

BONDED WHISKY PARTNERS LIMITED (REGISTERED NUMBER: SC674023)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BONDED WHISKY PARTNERS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr S M Aron
Mr L J Tomlinson





REGISTERED OFFICE: 5 South Charlotte Street
Edinburgh
EH2 4AN





REGISTERED NUMBER: SC674023 (Scotland)





AUDITORS: JLA (UK) Ltd
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

BONDED WHISKY PARTNERS LIMITED (REGISTERED NUMBER: SC674023)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,431 192,534

CURRENT ASSETS
Stocks - 536,967
Debtors 5 54,811 786
Cash at bank 14,226 3,951
69,037 541,704
CREDITORS
Amounts falling due within one year 6 68,572 96,698
NET CURRENT ASSETS 465 445,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,896

637,540

PROVISIONS FOR LIABILITIES - 6,052
NET ASSETS 1,896 631,488

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 8 1,776 631,368
1,896 631,488

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 11 September 2024 and were signed on its behalf by:





Mr S M Aron - Director


BONDED WHISKY PARTNERS LIMITED (REGISTERED NUMBER: SC674023)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bonded Whisky Partners 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.

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.

After making enquiries, the directors have a reasonable expectation that the company had adequate resources to continue in operational existence and meet its liabilities as they fall due the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured. as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that company will receive the consideration due under the transaction; and the cost incurred or to be incurred in respect of transaction can be measured reliably.

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

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives the straight-line method.
Depreciation is provided on the following basis:

Plant and machinery - 10% strait line basis

The assets residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the lats year reporting date.
Gains and losses on disposals are determinate by comparing the proceeds with carrying amount and are recognised in profit and loss.

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


BONDED WHISKY PARTNERS LIMITED (REGISTERED NUMBER: SC674023)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 January 2023 203,404
Disposals (201,973 )
At 31 December 2023 1,431
DEPRECIATION
At 1 January 2023 10,870
Eliminated on disposal (10,870 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 1,431
At 31 December 2022 192,534

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 39,594 -
Other debtors 15,217 786
54,811 786

BONDED WHISKY PARTNERS LIMITED (REGISTERED NUMBER: SC674023)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,033 -
Taxation and social security 55,006 76,885
Other creditors 12,533 19,813
68,572 96,698

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 25,060 -
Between one and five years 29,236 -
54,296 -

8. RESERVES
Retained
earnings
£   

At 1 January 2023 631,368
Deficit for the year (29,592 )
Dividends (600,000 )
At 31 December 2023 1,776

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeffrey Ian Lermer, FCA (Senior Statutory Auditor)
for and on behalf of JLA (UK) Ltd

10. RELATED PARTY DISCLOSURES

The balance due to directors at the year end is NIL (2022: £14,449).