Silverfin false false 31/03/2025 01/04/2024 31/03/2025 W J Garnock 09/04/2018 J A P Wild 02/07/2018 29 September 2025 The principal activity of the Company during the financial year was the development and production of non-alcoholic distilled spirit. SC593850 2025-03-31 SC593850 bus:Director1 2025-03-31 SC593850 bus:Director2 2025-03-31 SC593850 2024-03-31 SC593850 core:CurrentFinancialInstruments 2025-03-31 SC593850 core:CurrentFinancialInstruments 2024-03-31 SC593850 core:Non-currentFinancialInstruments 2025-03-31 SC593850 core:Non-currentFinancialInstruments 2024-03-31 SC593850 core:ShareCapital 2025-03-31 SC593850 core:ShareCapital 2024-03-31 SC593850 core:SharePremium 2025-03-31 SC593850 core:SharePremium 2024-03-31 SC593850 core:OtherCapitalReserve 2025-03-31 SC593850 core:OtherCapitalReserve 2024-03-31 SC593850 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC593850 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC593850 core:OtherResidualIntangibleAssets 2024-03-31 SC593850 core:OtherResidualIntangibleAssets 2025-03-31 SC593850 core:LandBuildings 2024-03-31 SC593850 core:OtherPropertyPlantEquipment 2024-03-31 SC593850 core:LandBuildings 2025-03-31 SC593850 core:OtherPropertyPlantEquipment 2025-03-31 SC593850 bus:OrdinaryShareClass1 2025-03-31 SC593850 2024-04-01 2025-03-31 SC593850 bus:FilletedAccounts 2024-04-01 2025-03-31 SC593850 bus:SmallEntities 2024-04-01 2025-03-31 SC593850 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC593850 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC593850 bus:Director1 2024-04-01 2025-03-31 SC593850 bus:Director2 2024-04-01 2025-03-31 SC593850 core:OtherResidualIntangibleAssets core:BottomRangeValue 2024-04-01 2025-03-31 SC593850 core:OtherResidualIntangibleAssets core:TopRangeValue 2024-04-01 2025-03-31 SC593850 core:LandBuildings 2024-04-01 2025-03-31 SC593850 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 SC593850 2023-04-01 2024-03-31 SC593850 core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 SC593850 core:CurrentFinancialInstruments 2024-04-01 2025-03-31 SC593850 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 SC593850 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC593850 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC593850 (Scotland)

# INCHARVIE GROUP LIMITED

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

INCHARVIE GROUP LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

INCHARVIE GROUP LIMITED

## BALANCE SHEET

AS AT 31 MARCH 2025
INCHARVIE GROUP LIMITED

## BALANCE SHEET (continued)

AS AT 31 MARCH 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 10,609 |  | 35,947
Tangible assets | 4 | 24,802 |  | 31,805
|  | 35,411 |  | 67,752
Current assets |  |  |  |
Stocks |  | 73,145 |  | 154,358
Debtors | 5 | 76,141 |  | 119,535
Cash at bank and in hand |  | 93,615 |  | 294,860
|  | 242,901 |  | 568,753
Creditors: amounts falling due within one year | 6 | ( 67,078) |  | ( 62,203)
Net current assets |  | 175,823 |  | 506,550
Total assets less current liabilities |  | 211,234 |  | 574,302
Creditors: amounts falling due after more than one year | 7 | ( 33,000) |  | ( 19,500)
Net assets |  | 178,234 |  | 554,802
Capital and reserves |  |  |  |
Called-up share capital | 8 | 206 |  | 206
Share premium account |  | 2,397,857 |  | 2,397,857
Other reserves |  | 9 |  | 0
Profit and loss account |  | ( 2,219,838 ) |  | ( 1,843,261 )
Total shareholders' funds |  | 178,234 |  | 554,802

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.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Incharvie Group Limited (registered number: SC593850) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

W J Garnock Director |  | J A P Wild Director

INCHARVIE GROUP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
INCHARVIE GROUP 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

Incharvie Group 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 Lahill, Upper Largo, Leven, KY8 6JE, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due 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.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for sale of the non-alcoholic spirit products provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### 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.

##### Intangible assets

Intangible assets are stated at cost, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets | 3 - 5 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings | 20 % reducing balance
Plant and machinery etc. | 20 - 25 % reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis.

##### Impairment of assets

Assets, other 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. No impairments were noticed this year.

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

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price.
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. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

##### Government grants

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 5 |  | 5

#### 3. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 118,493 |  | 118,493
At 31 March 2025 | 118,493 |  | 118,493
Accumulated amortisation |  |  |
At 01 April 2024 | 82,546 |  | 82,546
Charge for the financial year | 25,338 |  | 25,338
At 31 March 2025 | 107,884 |  | 107,884
Net book value |  |  |
At 31 March 2025 | 10,609 |  | 10,609
At 31 March 2024 | 35,947 |  | 35,947

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 6,377 |  | 40,313 |  | 46,690
At 31 March 2025 | 6,377 |  | 40,313 |  | 46,690
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 1,884 |  | 13,001 |  | 14,885
Charge for the financial year | 898 |  | 6,105 |  | 7,003
At 31 March 2025 | 2,782 |  | 19,106 |  | 21,888
Net book value |  |  |  |  |
At 31 March 2025 | 3,595 |  | 21,207 |  | 24,802
At 31 March 2024 | 4,493 |  | 27,312 |  | 31,805

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 59,292 |  | 101,109
Other debtors | 16,849 |  | 18,426
| 76,141 |  | 119,535

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 27,776 |  | 11,642
Other taxation and social security | 1,790 |  | 9,911
Other creditors | 37,512 |  | 40,650
| 67,078 |  | 62,203

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

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 33,000 |  | 19,500

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

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
20,563 Ordinary shares of £ 0.01 each | 206 |  | 206

#### 9. Financial commitments

Other financial commitments

| 2025 |  | 2024
| £ |  | £
Total commitments under non-cancellable operating leases not provided for in the accounts | 0 |  | 19,000