REGISTERED NUMBER: SC473332 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

CROSSBILL DISTILLING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A D B Shaw

SECRETARY:

J Roddison

REGISTERED OFFICE:

Unit 1

Baad

54 Calton Entry

Glasgow

Lanarkshire

G40 2SB

REGISTERED NUMBER:

SC473332 (Scotland)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

FIXED ASSETS

Intangible assets

4

1,462

1,755

Tangible assets

5

9,366

11,094

Investments

6

1

1

10,829

12,850

CURRENT ASSETS

Stocks

24,478

41,175

Debtors

7

161,007

161,954

Cash at bank and in hand

15,518

16,155

201,003

219,284

CREDITORS

Amounts falling due within one year

8

291,566

251,477

NET CURRENT LIABILITIES

(90,563

)

(32,193

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(79,734

)

(19,343

)

CREDITORS

Amounts falling due after more than one year

9

903,030

905,036

NET LIABILITIES

(982,764

)

(924,379

)

CAPITAL AND RESERVES

Called up share capital

3,442

3,442

Share premium

177,286

142,286

Retained earnings

(1,163,492

)

(1,070,107

)

SHAREHOLDERS' FUNDS

(982,764

)

(924,379

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 6 September 2025 and were signed by:

A D B Shaw - Director

1.	STATUTORY INFORMATION

Crossbill Distilling 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.

Turnover

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

Goodwill

Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Goodwill - 5 years straight line

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.

Intellectual Property are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Computer Equipment - 25% reducing balance

Fixtures & Fittings - 25% reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

25,000

2,925

27,925

AMORTISATION

At 1 January 2024

25,000

1,170

26,170

Charge for year

-

293

293

At 31 December 2024

25,000

1,463

26,463

NET BOOK VALUE

At 31 December 2024

-

1,462

1,462

At 31 December 2023

-

1,755

1,755

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

38,302

Additions

1,204

At 31 December 2024

39,506

DEPRECIATION

At 1 January 2024

27,208

Charge for year

2,932

At 31 December 2024

30,140

NET BOOK VALUE

At 31 December 2024

9,366

At 31 December 2023

11,094

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

2,931

5,586

Other debtors

158,076

156,368

161,007

161,954

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

13,603

14,809

Amounts owed to group undertakings

264,085

215,959

Taxation and social security

3,069

7,482

Other creditors

10,809

13,227

291,566

251,477

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

903,030

905,036

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

895,426

895,426

10.	ULTIMATE CONTROLLING PARTY

The controlling party is shareholders acting in concert, no one party has control.