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REGISTERED NUMBER: SC688989 (Scotland)















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: Sukhinder Singh Sawhney
Rajbir Singh Sawhney





REGISTERED OFFICE: Tormore Distillery
Richardson Road
Advie
Granton-on-Spey
PH26 3LR





REGISTERED NUMBER: SC688989 (Scotland)





AUDITORS: Shah Dodhia & Co
173 Cleveland Street
London
W1T 6QR

Tormore Distillery Limited (Registered number: SC688989)

Balance Sheet
30 June 2024

2024 2023
Notes £ £
CURRENT ASSETS
Debtors 4 14,744 51,946,215

CREDITORS
Amounts falling due within one year 5 - 361,022
NET CURRENT ASSETS 14,744 51,585,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,744

51,585,193

CAPITAL AND RESERVES
Called up share capital 6 100 4,891
Share premium 7 - 2,955,810
Merger reserves 7 - 45,939,300
Retained earnings 7 14,644 2,685,192
SHAREHOLDERS' FUNDS 14,744 51,585,193

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 20 March 2025 and were signed on its behalf by:





Sukhinder Singh Sawhney - Director


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 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

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 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings 14,744 51,946,215

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 - 349,022
Other creditors - 12,000
- 361,022

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: £ £
4,891 Ordinary Share 1 4,891 4,891
459,393 Ordinary 1 459,393 -
464,184 Share reduction -1 (464,184 ) -
100 4,891

459,393 Ordinary shares of 1 each were allotted as fully paid at a premium of £99 per share during the year.

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 2,685,192 2,955,810 45,939,300 51,580,302
Profit for the year 2,490,551 2,490,551
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 - - 14,644

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

The Report of the Auditors was unqualified.

Satishchandra Baburaj Shah (Senior Statutory Auditor)
for and on behalf of Shah Dodhia & Co

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.