IRIS Accounts Production v25.2.0.378 SC483834 director 1.9.23 31.8.24 31.8.24 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC483834 2023-08-31 SC483834 2024-08-31 SC483834 2023-09-01 2024-08-31 SC483834 2022-08-31 SC483834 2022-09-01 2023-08-31 SC483834 2023-08-31 SC483834 ns15:Scotland 2023-09-01 2024-08-31 SC483834 ns14:PoundSterling 2023-09-01 2024-08-31 SC483834 ns10:Director1 2023-09-01 2024-08-31 SC483834 ns10:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC483834 ns10:SmallEntities 2023-09-01 2024-08-31 SC483834 ns10:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC483834 ns10:SmallCompaniesRegimeForDirectorsReport 2023-09-01 2024-08-31 SC483834 ns10:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC483834 ns10:FullAccounts 2023-09-01 2024-08-31 SC483834 1 2023-09-01 2024-08-31 SC483834 ns10:RegisteredOffice 2023-09-01 2024-08-31 SC483834 ns5:CurrentFinancialInstruments 2024-08-31 SC483834 ns5:CurrentFinancialInstruments 2023-08-31 SC483834 ns5:Non-currentFinancialInstruments 2024-08-31 SC483834 ns5:Non-currentFinancialInstruments 2023-08-31 SC483834 ns5:ShareCapital 2024-08-31 SC483834 ns5:ShareCapital 2023-08-31 SC483834 ns5:RetainedEarningsAccumulatedLosses 2024-08-31 SC483834 ns5:RetainedEarningsAccumulatedLosses 2023-08-31 SC483834 ns5:IntangibleAssetsOtherThanGoodwill 2023-09-01 2024-08-31 SC483834 ns5:ComputerSoftware 2023-09-01 2024-08-31 SC483834 ns5:PlantMachinery 2023-09-01 2024-08-31 SC483834 ns5:IntangibleAssetsOtherThanGoodwill 2023-08-31 SC483834 ns5:IntangibleAssetsOtherThanGoodwill 2024-08-31 SC483834 ns5:IntangibleAssetsOtherThanGoodwill 2023-08-31 SC483834 ns5:PlantMachinery 2023-08-31 SC483834 ns5:PlantMachinery 2024-08-31 SC483834 ns5:PlantMachinery 2023-08-31 SC483834 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-08-31 SC483834 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-08-31

REGISTERED NUMBER: SC483834 (Scotland)

| Edinburgh Cashmere Ltd |

| Unaudited Financial Statements |

| for the Year Ended 31 August 2024 |

| Edinburgh Cashmere Ltd (Registered number: SC483834) |

Contents of the Financial Statements

for the Year Ended 31 August 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Edinburgh Cashmere Ltd |

Company Information

for the Year Ended 31 August 2024

| DIRECTOR: | D S Chalana

| REGISTERED OFFICE: | 21 Young Street

| Edinburgh

| EH2 4HU

| REGISTERED NUMBER: | SC483834 (Scotland)

| ACCOUNTANTS: | Whitelaw Wells

| 9 Ainslie Place

| Edinburgh

| Midlothian

| EH3 6AT

| BANKERS: | Starling Bank

| 7th Floor

| Norfolk House

| 31 St James's Square

| London

| SW1Y 4JR

| Edinburgh Cashmere Ltd (Registered number: SC483834) |

Balance Sheet

31 August 2024

| 2024 | 2023 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1,808 |  | 2,410 |  |

Tangible assets | 5 | 4,258 |  | 3,226 |  |

6,066 |  | 5,636 |  |

CURRENT ASSETS

Stocks | 420,650 |  | 400,000 |  |

Debtors | 6 | 301,691 |  | 255,829 |  |

Cash at bank and in hand | 44,317 |  | 179,468 |  |

766,658 |  | 835,297 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,662,396 |  | 1,608,451 |  |

NET CURRENT LIABILITIES | (895,738 | ) | (773,154 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (889,672 | ) | (767,518 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | 7,386 |  | 16,259 |  |

NET LIABILITIES | (897,058 | ) | (783,777 | ) |

| Edinburgh Cashmere Ltd (Registered number: SC483834) |

Balance Sheet - continued

31 August 2024

| 2024 | 2023 |

| as restated |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 25 |  | 25 |  |

Retained earnings | (897,083 | ) | (783,802 | ) |

(897,058 | ) | (783,777 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 July 2025 and were signed by:

D S Chalana - Director

| Edinburgh Cashmere Ltd (Registered number: SC483834) |

Notes to the Financial Statements

for the Year Ended 31 August 2024

1. | STATUTORY INFORMATION

| Edinburgh Cashmere Ltd 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 on the break up basis.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| 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.

| Computer software is being amortised evenly over its estimated useful life of five years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 20% on cost and 20% on reducing balance

| Stocks

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

| Edinburgh Cashmere Ltd (Registered number: SC483834) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Break-up basis

| The going concern basis has not been applied and these accounts are instead prepared on the break-up basis.This is due to the uncertainty surrounding the companies ability to generate enough income to settle it's liabilities.

| No modifications have been made in recognition of any asset or liability under the break-up basis as compared to the going concern basis.

| Provisions

| Provisions are recognised where the company has a present obligation as a result of a past event, it is probable that the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2023 - 2 ) .

| Edinburgh Cashmere Ltd (Registered number: SC483834) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2024

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 September 2023

| and 31 August 2024 | 3,013 |  |

| AMORTISATION

| At 1 September 2023 | 603 |  |

| Charge for year | 602 |  |

| At 31 August 2024 | 1,205 |  |

| NET BOOK VALUE

| At 31 August 2024 | 1,808 |  |

| At 31 August 2023 | 2,410 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 September 2023 | 4,545 |  |

| Additions | 2,241 |  |

| At 31 August 2024 | 6,786 |  |

| DEPRECIATION

| At 1 September 2023 | 1,319 |  |

| Charge for year | 1,209 |  |

| At 31 August 2024 | 2,528 |  |

| NET BOOK VALUE

| At 31 August 2024 | 4,258 |  |

| At 31 August 2023 | 3,226 |  |

| Edinburgh Cashmere Ltd (Registered number: SC483834) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| as | restated |

£ | £ |

| Other debtors | 301,691 |  | 255,829 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| as | restated |

£ | £ |

| Bank loans and overdrafts | 9,000 |  | 9,000 |  |

| Trade creditors | 1,414,713 |  | 1,310,731 |  |

| Taxation and social security | - |  | 348 |  |

| Other creditors | 238,683 |  | 288,372 |  |

1,662,396 |  | 1,608,451 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

| as | restated |

£ | £ |

| Bank loans | 7,386 |  | 16,259 |  |

| Edinburgh Cashmere Ltd (Registered number: SC483834) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2024

9. | RELATED PARTY DISCLOSURES

| At the year end the Company was due £107,116 (2023 - £106,807) to Edinburgh Lambswool Ltd, a related company.

| At the year end the Company was due £193,575 (2023 - £138,575) from DS Kilts & Souvenirs Wholesale Ltd, a related company.

| At the year end the Company was due £110,000 (2023 - £110,000) from Santorinia Investments Ltd, a related company.

| At the year end the Company was due £7,227 (2023 - £7,214) from DC Milan Ltd, a related company.

| At the year end the Company was due £13 (2023 - £13) from Edinburgh Since 1437 Cashmere Ltd, a related company.

| At the year end the Company was due £13 (2023 - £13) from Edinburgh Since 1437 Lambswool Ltd, a related company.

| At the year end the Company was due £47 (2023 - £13) from DC Tasty Ltd, a related company.

| At the year end the Company was due £13 (2023 - £nil) from Scott Cashmere Ltd, a related company.

| At the year end the Company was due £13 (2023 - £nil) from Clan Cashmere Ltd, a related company.