REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 June 2024 |
for |
Tormore Distillery Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 June 2024 |
for |
Tormore Distillery Limited |
Tormore Distillery Limited (Registered number: SC688989) |
Contents of the Financial Statements |
for the Year Ended 30 June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Tormore Distillery Limited |
Company Information |
for the Year Ended 30 June 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
173 Cleveland Street |
London |
W1T 6QR |
Tormore Distillery Limited (Registered number: SC688989) |
Balance Sheet |
30 June 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Share premium | 7 |
Merger reserves | 7 |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
Tormore Distillery Limited (Registered number: SC688989) |
Notes to the Financial Statements |
for the Year Ended 30 June 2024 |
1. | STATUTORY INFORMATION |
Tormore Distillery Limited is a |
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. |
The company reviewed the transition to Financial Reporting Standard 102 from Financial Reporting Standard 101. No measurement or recognition of adjustments were necessary. |
Taxation |
Taxation for the year comprises current. Tax is recognised in the Income Statement. Current 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. |
Going concern |
At the Balance Sheet date, the company had an inter company balance due from its parent company and this loan is unsecured and recoverable. |
The directors are confident that the company will be able to meet its liabilities as they fall due fo the foreseeable future and accordingly the financial statements have been prepared on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
Debtors include amounts owed by group undertaking of £14,744 (2023: £51,946,215 due after more than one year) due less than one year. Debtors due less than one year are interest free and repayable on demand. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
Tormore Distillery Limited (Registered number: SC688989) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary Share | 1 | 4,891 | 4,891 |
Ordinary | 1 | 459,393 | - |
Share reduction | -1 | (464,184 | ) | - |
100 | 4,891 |
459,393 Ordinary shares of 1 each were allotted as fully paid |
The share capital of the company was reduced by cancelling 464,184 ordinary £1 shares. |
There is a single class of ordinary shares. The shares have attached to them full voting, dividend and capital distribution (including on winding up) rights and they do not confer any rights of redemption. |
7. | RESERVES |
Retained | Share | Merger |
earnings | premium | reserves | Totals |
£ | £ | £ | £ |
At 1 July 2023 | 51,580,302 |
Profit for the year |
SoCIE line item with acc967/31 | - | 45,479,907 | (45,939,300 | ) | (459,393 | ) |
Capital reduction | 48,899,901 | (48,435,717 | ) | - | 464,184 |
Dividends | (54,061,000 | ) | - | - | (54,061,000 | ) |
At 30 June 2024 | 14,644 |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | RELATED PARTY DISCLOSURES |
As the company was a wholly owned subsidiary of Elixir Distillers Ltd throughout the year, the company has taken advantage of the exemption contained in FRS 102.33 and has therefore not disclosed transactions on balances with entities which form part of the group headed by Elixir Group Holdings Limited. |
Tormore Distillery Limited (Registered number: SC688989) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
10. | ULTIMATE CONTROLLING PARTY |
Elixir Distillers Ltd, a company registered in England and Wales, is the company's immediate parent company. |
The ultimate parent undertaking and controlling party is Elixir Group Holdings Limited, a company also registered in England and Wales. |
These financial statements have been consolidated in the financial statement of Elixir Group Holdings Limited, which is the only group company in which the results of the company are consolidated. The consolidated financial statements can be obtained from Alchemy House, 45 Park Royal Road, London, England, NW10 7LQ. |