Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Active Infrastructures S.L. 19/04/2023 Mr S D Lang 30/09/2022 Mrs S L Lang 19/04/2023 02 June 2025 The principal activity of the Company during the financial year was pre trade preparations for operating a distillery. SC745933 2024-12-31 SC745933 bus:Director1 2024-12-31 SC745933 bus:Director2 2024-12-31 SC745933 bus:Director3 2024-12-31 SC745933 2023-12-31 SC745933 core:CurrentFinancialInstruments 2024-12-31 SC745933 core:CurrentFinancialInstruments 2023-12-31 SC745933 core:ShareCapital 2024-12-31 SC745933 core:ShareCapital 2023-12-31 SC745933 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC745933 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC745933 core:ImmediateParent core:CurrentFinancialInstruments 2024-12-31 SC745933 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 SC745933 bus:OrdinaryShareClass1 2024-12-31 SC745933 2024-01-01 2024-12-31 SC745933 bus:FilletedAccounts 2024-01-01 2024-12-31 SC745933 bus:SmallEntities 2024-01-01 2024-12-31 SC745933 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC745933 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC745933 bus:Director1 2024-01-01 2024-12-31 SC745933 bus:Director2 2024-01-01 2024-12-31 SC745933 bus:Director3 2024-01-01 2024-12-31 SC745933 2022-09-30 2023-12-31 SC745933 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 SC745933 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC745933 bus:OrdinaryShareClass1 2022-09-30 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC745933 (Scotland)

THE GRAHAMSLAW DISTILLERY COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

THE GRAHAMSLAW DISTILLERY COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

THE GRAHAMSLAW DISTILLERY COMPANY LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2024
THE GRAHAMSLAW DISTILLERY COMPANY LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 31.12.2024 31.12.2023
£ £
Current assets
Stocks 3 168,000 168,000
Debtors 4 3,079 760
171,079 168,760
Creditors: amounts falling due within one year 5 ( 225,410) ( 176,385)
Net current liabilities (54,331) (7,625)
Total assets less current liabilities (54,331) (7,625)
Net liabilities ( 54,331) ( 7,625)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 54,431 ) ( 7,725 )
Total shareholder's deficit ( 54,331) ( 7,625)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Grahamslaw Distillery Company Limited (registered number: SC745933) were approved and authorised for issue by the Board of Directors on 02 June 2025. They were signed on its behalf by:

Mr S D Lang
Director
THE GRAHAMSLAW DISTILLERY COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
THE GRAHAMSLAW DISTILLERY COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
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 period, unless otherwise stated.

General information and basis of accounting

The Grahamslaw Distillery Company 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 C/O Johnston Carmichael, 7-11 Melville Street, Edinburgh, EH3 7PE, 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £54,331. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met 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.

Reporting period length

The prior year financial statements cover the period from the date of incorporation on 30 September 2022 until 31 December 2023. The current financial statements cover a 12-month period and are therefore not wholly comparable.

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.

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 and directly attributable costs.

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. No impairments have been noted in this period.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. Employees

Year ended
31.12.2024
Period from
30.09.2022 to
31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 2

3. Stocks

31.12.2024 31.12.2023
£ £
Stocks 168,000 168,000

4. Debtors

31.12.2024 31.12.2023
£ £
Other debtors 3,079 760

5. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Trade creditors 0 526
Amounts owed to Parent undertakings 220,118 171,796
Other taxation and social security 1,228 0
Other creditors 4,064 4,063
225,410 176,385

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

6. Called-up share capital

31.12.2024 31.12.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with owners holding a participating interest in the entity

31.12.2024 31.12.2023
£ £
The Grahamslaw Distillery Hold Co Limited 220,118 171,396

8. Ultimate controlling party

Parent Company:

The Grahamslaw Distillery Hold Co Limited
C/O Johnston Carmichael
7-11 Melville Street
Edinburgh
Scotland
EH3 7PE