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Registered Number: SC355617
Scotland

 

 

 

OBAN ALES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 February 2024

End date: 31 January 2025
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Oban Ales Limited for the year ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oban Ales Limited for the year ended 31 January 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of Oban Ales Limited, as a body, in accordance with the terms of our engagement letter.

Our work has been undertaken solely to prepare for your approval the accounts of Oban Ales Limited and state those matters that we have agreed to state to the Board of Directors of Oban Ales Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oban Ales Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Oban Ales Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Oban Ales Limited. You consider that Oban Ales Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Oban Ales Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the year ended 31 January 2025. 






....................................................

Chawton Hector

2 Maules Gardens
Bristol
Avon
BS34 8AN

11 April 2025
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 1,723,800    1,725,068 
1,723,800    1,725,068 
Current assets      
Debtors 197    2,110 
Cash at bank and in hand 51,467    70,445 
51,664    72,555 
Creditors: amount falling due within one year (51,351)   (54,020)
Net current assets 313    18,535 
 
Total assets less current liabilities 1,724,113    1,743,603 
Creditors: amount falling due after more than one year (4,633)   (14,633)
Net assets 1,719,480    1,728,970 
 

Capital and reserves
     
Called up share capital 1    1 
Reserves 4 687,948    687,948 
Profit and loss account 1,031,531    1,041,021 
Shareholders' funds 1,719,480    1,728,970 
 


For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 11 April 2025 and were signed by:


-------------------------------
John Trew
Director
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General Information
Oban Ales Limited is a private company, limited by shares, registered in Scotland, registration number SC355617, registration address 9 Mamore Road, Kinlochleven, PH50 4QP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average numbers of employees

Average number of employees during the year was 2 (2024 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Investment properties   Total
  £   £   £   £   £
At 01 February 2024 32,500    27,871    35,868    1,720,000    1,816,239 
Additions        
Disposals        
At 31 January 2025 32,500    27,871    35,868    1,720,000    1,816,239 
Depreciation
At 01 February 2024 31,700    25,762    33,709      91,171 
Charge for year 200    528    540      1,268 
On disposals        
At 31 January 2025 31,900    26,290    34,249      92,439 
Net book values
Closing balance as at 31 January 2025 600    1,581    1,619    1,720,000    1,723,800 
Opening balance as at 01 February 2024 800    2,109    2,159    1,720,000    1,725,068 

Investment property
The last valuation was carried out in January 2023. In the directors' opinion the value of investment properties has not changed significantly, therefore no fair value adjustment has been made in the current period under review.

3