Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-01-01falseNo description of principal activity31truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC720612 2023-01-01 2024-03-31 SC720612 2022-01-21 2022-12-31 SC720612 2024-03-31 SC720612 2022-12-31 SC720612 c:Director1 2023-01-01 2024-03-31 SC720612 c:Director2 2023-01-01 2024-03-31 SC720612 c:Director2 2024-03-31 SC720612 c:Director3 2023-01-01 2024-03-31 SC720612 c:Director3 2024-03-31 SC720612 c:RegisteredOffice 2023-01-01 2024-03-31 SC720612 d:OfficeEquipment 2023-01-01 2024-03-31 SC720612 d:OfficeEquipment 2024-03-31 SC720612 d:OfficeEquipment 2022-12-31 SC720612 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 SC720612 d:CurrentFinancialInstruments 2024-03-31 SC720612 d:CurrentFinancialInstruments 2022-12-31 SC720612 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC720612 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC720612 d:ShareCapital 2024-03-31 SC720612 d:ShareCapital 2022-12-31 SC720612 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC720612 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC720612 c:OrdinaryShareClass1 2023-01-01 2024-03-31 SC720612 c:OrdinaryShareClass1 2024-03-31 SC720612 c:OrdinaryShareClass1 2022-12-31 SC720612 c:FRS102 2023-01-01 2024-03-31 SC720612 c:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 SC720612 c:FullAccounts 2023-01-01 2024-03-31 SC720612 c:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 SC720612 e:PoundSterling 2023-01-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC720612










SALTIRE RARE MALT LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
SALTIRE RARE MALT LIMITED
 

COMPANY INFORMATION


Directors
Mr K T Rennie 
Ms M Kurihara (appointed 9 December 2023)
Ms E C Rennie (appointed 9 December 2023)




Registered number
SC720612



Registered office
Old Town House
High Street

Falkland

Cupar

Fife

KY15 7BU




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
SALTIRE RARE MALT LIMITED
REGISTERED NUMBER: SC720612

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 December
2024
2022
£
£

Fixed assets
  

Tangible assets
 4 
1,610
-

  
1,610
-

Current assets
  

Stocks
  
111,093
-

Debtors: amounts falling due within one year
 5 
12,195
12,001

Bank and cash balances
  
14,726
1,689

  
138,014
13,690

Creditors: amounts falling due within one year
 6 
(233,255)
(16,689)

Net current liabilities
  
 
 
(95,241)
 
 
(2,999)

Total assets less current liabilities
  
(93,631)
(2,999)

  

Net liabilities
  
(93,631)
(2,999)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
(93,633)
(3,001)

  
(93,631)
(2,999)


Page 1

 
SALTIRE RARE MALT LIMITED
REGISTERED NUMBER: SC720612

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr K T Rennie
Director

Date: 20 November 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SALTIRE RARE MALT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Saltire Rare Malt Limited is a private Company, limited by shares, in Scotland with registration number SC720612. The registered office is Old Town House, High Street, Falkland, Scotland, KY15 7BU.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.
The company extended its year end to 31 March 2024 and consequently, these financial statements cover the 15 month period ended 31 March 2024.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, notwithstanding, the company has net liabilities of £93,631. The company is reliant upon the continued support of the parent company and based on this, the directors believs the company has sufficient working capital to continue trading for at least 12 months from the date the financial statements are approved.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Office equipment
-
50%
Straight line

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 last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
SALTIRE RARE MALT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2022 - 1).


4.


Tangible fixed assets







Office equipment

£



Cost or valuation


Additions
1,712



At 31 March 2024

1,712



Depreciation


Charge for the period on owned assets
102



At 31 March 2024

102



Net book value



At 31 March 2024
1,610



At 31 December 2022
-

Page 4

 
SALTIRE RARE MALT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Debtors

31 March
31 December
2024
2022
£
£


Other debtors
12,195
301

Prepayments and accrued income
-
11,700

12,195
12,001



6.


Creditors: Amounts falling due within one year

31 March
31 December
2024
2022
£
£

Trade creditors
29,217
1,440

Amounts owed to group undertakings
195,100
14,349

Accruals and deferred income
8,938
900

233,255
16,689



7.


Share capital

31 March
31 December
2024
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



8.


Controlling party

The immediate parent company is Saltire Corporation Limited, a company incorporated in Scotland; Registered number: SC601269. The registered office is The Old Town House, High Street, Falkland, Scotland, KY15 7BZ. 


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