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REGISTERED NUMBER: SC395319 (Scotland)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

TEUCHTERS (EDINBURGH) LIMITED

TEUCHTERS (EDINBURGH) LIMITED (REGISTERED NUMBER: SC395319)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TEUCHTERS (EDINBURGH) LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: R G Arnott
K H M Doyle
P A Knight
J A D Tindal





REGISTERED OFFICE: 46 Charlotte Square
Edinburgh
EH2 4HQ





REGISTERED NUMBER: SC395319 (Scotland)





AUDITORS: Haines Watts Scotland
Business Advisors, Accountants and
Statutory Auditors
Q Court
3 Quality Street
Edinburgh
EH4 5BP

TEUCHTERS (EDINBURGH) LIMITED (REGISTERED NUMBER: SC395319)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 88,333 108,333
Tangible assets 5 1,566,888 1,594,072
1,655,221 1,702,405

CURRENT ASSETS
Stocks 80,478 70,932
Debtors 6 130,035 120,173
Cash at bank and in hand 102,508 265,609
313,021 456,714
CREDITORS
Amounts falling due within one year 7 657,715 929,607
NET CURRENT LIABILITIES (344,694 ) (472,893 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,310,527

1,229,512

CREDITORS
Amounts falling due after more than one
year

8

(85,426

)

(275,396

)

PROVISIONS FOR LIABILITIES 9 (19,830 ) (21,677 )
NET ASSETS 1,205,271 932,439

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 1,205,267 932,435
SHAREHOLDERS' FUNDS 1,205,271 932,439

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:





R G Arnott - Director


TEUCHTERS (EDINBURGH) LIMITED (REGISTERED NUMBER: SC395319)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Teuchters (Edinburgh) 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.

At the year end the company had net current liabilities of £344,694 (2023 - £472,893). The company relies on the financial support of one of its shareholders, who provided loan funding to the company and is owed £80,000 by the company at the year end.

The Directors have confirmed this support is in place and have prepared projections for at least the next 12 months which show that the company has adequate cash resources to meet all liabilities as they fall due. The Directors have therefore prepared the financial statements on the going concern basis.

TURNOVER
Turnover represents amounts chargeable, net of valued added tax, in respect of the sale of food and drink to customers and is recognised at the point of sale. Discounts received, which is also included within turnover, is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliability measured.

GOODWILL
Goodwill relates to the difference between the consideration paid and the fair value of assets acquired on acquisition. In the absence of a readily ascertainable useful life, goodwill is amortised on a straight line basis over ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Heritable property - over 50 years
Fixtures and fittings - over 7 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


TEUCHTERS (EDINBURGH) LIMITED (REGISTERED NUMBER: SC395319)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

DIVIDENDS
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2023 - 64 ) .

TEUCHTERS (EDINBURGH) LIMITED (REGISTERED NUMBER: SC395319)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 200,000
AMORTISATION
At 1 November 2023 91,667
Amortisation for year 20,000
At 31 October 2024 111,667
NET BOOK VALUE
At 31 October 2024 88,333
At 31 October 2023 108,333

5. TANGIBLE FIXED ASSETS
Fixtures
Heritable and
property fittings Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 1,491,634 159,451 1,651,085
DEPRECIATION
At 1 November 2023 12,560 44,453 57,013
Charge for year 4,406 22,778 27,184
At 31 October 2024 16,966 67,231 84,197
NET BOOK VALUE
At 31 October 2024 1,474,668 92,220 1,566,888
At 31 October 2023 1,479,074 114,998 1,594,072

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 68,585 68,036
Other debtors 61,450 52,137
130,035 120,173

TEUCHTERS (EDINBURGH) LIMITED (REGISTERED NUMBER: SC395319)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,472 5,000
Trade creditors 248,304 347,254
Taxation and social security 343,222 299,081
Other creditors 53,717 278,272
657,715 929,607

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,426 25,371
Other creditors 80,000 250,025
85,426 275,396

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after more than
five years - 5,371
- 5,371

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 19,830 21,677

Deferred
tax
£   
Balance at 1 November 2023 21,677
Provided during year (1,847 )
Balance at 31 October 2024 19,830

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary Class A 1 2 2
2 Ordinary Class B 1 2 2
4 4

TEUCHTERS (EDINBURGH) LIMITED (REGISTERED NUMBER: SC395319)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

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

The Report of the Auditors was unqualified.

Craig Hunter (Senior Statutory Auditor)
for and on behalf of Haines Watts Scotland

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.