Silverfin false false 31/01/2025 01/02/2024 31/01/2025 Lord Ramsay 20/04/2017 28 May 2025 The principal activity of the Company during the financial year was that of operating a restaurant and shop and developing a brewery business. SC563796 2025-01-31 SC563796 bus:Director1 2025-01-31 SC563796 2024-01-31 SC563796 core:CurrentFinancialInstruments 2025-01-31 SC563796 core:CurrentFinancialInstruments 2024-01-31 SC563796 core:Non-currentFinancialInstruments 2025-01-31 SC563796 core:Non-currentFinancialInstruments 2024-01-31 SC563796 core:ShareCapital 2025-01-31 SC563796 core:ShareCapital 2024-01-31 SC563796 core:RetainedEarningsAccumulatedLosses 2025-01-31 SC563796 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC563796 core:LandBuildings 2024-01-31 SC563796 core:OtherPropertyPlantEquipment 2024-01-31 SC563796 core:LandBuildings 2025-01-31 SC563796 core:OtherPropertyPlantEquipment 2025-01-31 SC563796 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-01-31 SC563796 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-01-31 SC563796 2023-01-31 SC563796 bus:OrdinaryShareClass1 2025-01-31 SC563796 bus:OrdinaryShareClass2 2025-01-31 SC563796 2024-02-01 2025-01-31 SC563796 bus:FilletedAccounts 2024-02-01 2025-01-31 SC563796 bus:SmallEntities 2024-02-01 2025-01-31 SC563796 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 SC563796 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC563796 bus:Director1 2024-02-01 2025-01-31 SC563796 core:LandBuildings core:BottomRangeValue 2024-02-01 2025-01-31 SC563796 core:LandBuildings core:TopRangeValue 2024-02-01 2025-01-31 SC563796 core:OtherPropertyPlantEquipment core:BottomRangeValue 2024-02-01 2025-01-31 SC563796 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-02-01 2025-01-31 SC563796 2023-02-01 2024-01-31 SC563796 core:LandBuildings 2024-02-01 2025-01-31 SC563796 core:OtherPropertyPlantEquipment 2024-02-01 2025-01-31 SC563796 core:CurrentFinancialInstruments 2024-02-01 2025-01-31 SC563796 core:Non-currentFinancialInstruments 2024-02-01 2025-01-31 SC563796 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 SC563796 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 SC563796 bus:OrdinaryShareClass2 2024-02-01 2025-01-31 SC563796 bus:OrdinaryShareClass2 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC563796 (Scotland)

ANGUS BREWING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH THE REGISTRAR

ANGUS BREWING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025

Contents

ANGUS BREWING LIMITED

BALANCE SHEET

AS AT 31 JANUARY 2025
ANGUS BREWING LIMITED

BALANCE SHEET (continued)

AS AT 31 JANUARY 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 662,103 683,894
662,103 683,894
Current assets
Stocks 59,398 52,846
Debtors 4 6,009 100,336
Cash at bank and in hand 100,295 19,557
165,702 172,739
Creditors: amounts falling due within one year 5 ( 92,527) ( 97,585)
Net current assets 73,175 75,154
Total assets less current liabilities 735,278 759,048
Creditors: amounts falling due after more than one year 6 ( 3,334) ( 13,333)
Provision for liabilities 7, 8 ( 1,277) ( 2,046)
Net assets 730,667 743,669
Capital and reserves
Called-up share capital 9 730,001 730,001
Profit and loss account 666 13,668
Total shareholder's funds 730,667 743,669

For the financial year ending 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:

The financial statements of Angus Brewing Limited (registered number: SC563796) were approved and authorised for issue by the Director on 28 May 2025. They were signed on its behalf by:

Lord Ramsay
Director
ANGUS BREWING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
ANGUS BREWING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Angus Brewing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is West Lodge Dalhousie Estate Office, Maulsden, Brechin, DD9 6RL, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised net of VAT and trade discount and represents restaurant and shop sales. Revenue is recognised on a cash basis.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 0 - 30 years straight line
Plant and machinery etc. 5 - 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 20 23

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 February 2024 785,480 98,850 884,330
Additions 0 7,409 7,409
Disposals 0 ( 80,982) ( 80,982)
At 31 January 2025 785,480 25,277 810,757
Accumulated depreciation
At 01 February 2024 110,733 89,703 200,436
Charge for the financial year 18,300 10,683 28,983
Disposals 0 ( 80,765) ( 80,765)
At 31 January 2025 129,033 19,621 148,654
Net book value
At 31 January 2025 656,447 5,656 662,103
At 31 January 2024 674,747 9,147 683,894

4. Debtors

2025 2024
£ £
Trade debtors 133 0
Other debtors 5,876 100,336
6,009 100,336

5. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 10,000 10,000
Trade creditors 49,598 49,866
Amounts owed to related parties 4,860 8,385
Taxation and social security 5,721 5,032
Other creditors 22,348 24,302
92,527 97,585

Included within Bank loans are amounts advanced to the company under the Bounce Back Loan Scheme. This loan is fully backed by a government guarantee.

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 3,334 13,333

Included within Bank loans are amounts advanced to the company under the Bounce Back Loan Scheme. This loan is fully backed by a government guarantee.

7. Provision for liabilities

2025 2024
£ £
Deferred tax 1,277 2,046

8. Deferred tax

2025 2024
£ £
At the beginning of financial year ( 2,046) 0
Credited/(charged) to the Profit and Loss Account 769 ( 2,046)
At the end of financial year ( 1,277) ( 2,046)

9. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary. shares of £ 0.01 each 1 1
730,000 Ordinary shares of £ 1.00 each 730,000 730,000
730,001 730,001

10. Related party transactions

Transactions with the entity's director

2025 2024
£ £
Amounts Owed by Directors 0 46,427
Amounts owed to Directors 9 0

Advances totalling £0 were made in this period and £47,209 was repaid. Interest of £773 has been charged on this loan at a rate of 2.25%. The above loan was unsecured and has been repaid in full in this period.