Raer Scotch Whisky Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08021995 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 December 2024

for

Raer Scotch Whisky Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

J.H. Kean

J Kean

Miss J Kean

Miss C E Kean

REGISTERED OFFICE:

12 The Courtyard

Buntsford Drive

Bromsgrove

Worcestershire

B60 3DJ

REGISTERED NUMBER:

08021995 (England and Wales)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

3,687,452

3,694,973

CURRENT ASSETS

Stock & WIP

4,973,628

3,722,797

Debtors

5

237,813

809,928

Cash at bank

13,237

153,984

5,224,678

4,686,709

CREDITORS

Amounts falling due within one year

6

2,967,961

2,318,514

NET CURRENT ASSETS

2,256,717

2,368,195

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,944,169

6,063,168

PROVISIONS FOR LIABILITIES

147,921

133,447

NET ASSETS

5,796,248

5,929,721

CAPITAL AND RESERVES

Called up share capital

200,103

Retained earnings

5,596,145

5,729,618

SHAREHOLDERS' FUNDS

5,796,248

5,929,721

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 directors acknowledge their 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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

J.H. Kean - Director

1.	STATUTORY INFORMATION

Raer Scotch Whisky Ltd is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost, 20% on reducing balance, 15% on cost and 10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

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

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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.

Going concern

The accounts have been prepared on the going concern basis as the directors have confirmed that all liabilities will be met.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST

At 1 January 2024

2,501,840

2,031,350

-

Additions

49,306

8,751

20,913

At 31 December 2024

2,551,146

2,040,101

20,913

DEPRECIATION

At 1 January 2024

18,440

852,212

-

Charge for year

19,426

55,876

3,137

At 31 December 2024

37,866

908,088

3,137

NET BOOK VALUE

At 31 December 2024

2,513,280

1,132,013

17,776

At 31 December 2023

2,483,400

1,179,138

-

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

63,333

3,449

4,599,972

Additions

-

78,970

At 31 December 2024

63,333

3,449

4,678,942

DEPRECIATION

At 1 January 2024

32,045

2,302

904,999

Charge for year

7,822

230

86,491

At 31 December 2024

39,867

2,532

991,490

NET BOOK VALUE

At 31 December 2024

23,466

917

3,687,452

At 31 December 2023

31,288

1,147

3,694,973

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

91,758

126,088

Other debtors

146,055

683,840

237,813

809,928

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

64,528

1,296,351

Taxation and social security

4,309

5,127

Other creditors

2,899,124

1,017,036

2,967,961

2,318,514

7.	RELATED PARTY DISCLOSURES

Within other loans is the following balance due to a company who shares common ownership with this company:

Jackton Estates Ltd - £794,528 (2023: £619.5k)

Within other loans is the following balance due to a company who shares common officers with this company:

Kean Construction Scotland Ltd - £230,541(2023: £169.7k)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Raer Scotch Whisky Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Raer Scotch Whisky Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Raer Scotch Whisky Ltd and state those matters that we have agreed to state to the Board of Directors of Raer Scotch Whisky Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Raer Scotch Whisky Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Raer Scotch Whisky Ltd. You consider that Raer Scotch Whisky Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Raer Scotch Whisky Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

30 September 2025