Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr S D Lang 19/08/2022 02 June 2025 The principal activity of the Company during the financial year continued to be that of purchasing of casks, whisky and other spirits with the intention of sale in the future. SC741884 2025-03-31 SC741884 bus:Director1 2025-03-31 SC741884 2024-03-31 SC741884 core:CurrentFinancialInstruments 2025-03-31 SC741884 core:CurrentFinancialInstruments 2024-03-31 SC741884 core:ShareCapital 2025-03-31 SC741884 core:ShareCapital 2024-03-31 SC741884 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC741884 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC741884 bus:OrdinaryShareClass1 2025-03-31 SC741884 2024-04-01 2025-03-31 SC741884 bus:FilletedAccounts 2024-04-01 2025-03-31 SC741884 bus:SmallEntities 2024-04-01 2025-03-31 SC741884 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC741884 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC741884 bus:Director1 2024-04-01 2025-03-31 SC741884 2023-04-01 2024-03-31 SC741884 core:CurrentFinancialInstruments 2024-04-01 2025-03-31 SC741884 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC741884 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC741884 (Scotland)

THE GRAHAMSLAW ESTATE CASK TRADING COMPANY LIMITED

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

THE GRAHAMSLAW ESTATE CASK TRADING COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

THE GRAHAMSLAW ESTATE CASK TRADING COMPANY LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025
THE GRAHAMSLAW ESTATE CASK TRADING COMPANY LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2025
Note 2025 2024
£ £
Current assets
Stocks 696,387 692,692
Debtors 3 198 383
Cash at bank and in hand 2,450 1,706
699,035 694,781
Creditors: amounts falling due within one year 4 ( 714,465) ( 705,974)
Net current liabilities (15,430) (11,193)
Total assets less current liabilities (15,430) (11,193)
Net liabilities ( 15,430) ( 11,193)
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account ( 15,431 ) ( 11,194 )
Total shareholder's deficit ( 15,430) ( 11,193)

For the financial year ending 31 March 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 The Grahamslaw Estate Cask Trading Company Limited (registered number: SC741884) were approved and authorised for issue by the Director on 02 June 2025. They were signed on its behalf by:

Mr S D Lang
Director
THE GRAHAMSLAW ESTATE CASK TRADING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
THE GRAHAMSLAW ESTATE CASK TRADING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 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

The Grahamslaw Estate Cask Trading 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 principal place of business is Stamford Hall, Goose Green Road, Gullane, EH31 2BA.

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 notes that the business has net liabilities of £15,430. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes 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.

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.

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.

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.

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 cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price. 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2025 2024
£ £
Other debtors 198 383

4. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 0 1,187
Other creditors 714,465 704,787
714,465 705,974

There are no amounts included above in respect of which any security has been given by the entity.

Amount owed to the director is repayable on demand and does not bear interest. The director has confirmed that he will not seek repayment of this loan to the detriment of the company's ability to continue trading.

5. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 0.01 each 1 1