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Registration number: SC619680

Oat Company Scotland Limited
Unaudited Financial Statements
31 January 2025

Oat Company Scotland Limited

Contents

Accountants' Report | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 4

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Oat Company Scotland Limited
for the Year Ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oat Company Scotland Limited for the year ended 31 January 2025 as set out on pages 2 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Oat Company Scotland Limited, as a body, in accordance with the terms of our engagement letter dated 27 November 2023. Our work has been undertaken solely to prepare for your approval the accounts of Oat Company Scotland Limited and state those matters that we have agreed to state to the Board of Directors of Oat Company Scotland Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oat Company Scotland Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Oat Company Scotland Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Oat Company Scotland Limited. You consider that Oat Company Scotland Limited 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 accounts of Oat Company Scotland Limited. 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 accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

26 September 2025

Oat Company Scotland Limited

(Registration number: SC619680)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,723,341 | 1,868,678
Current assets |  |  |
Stocks |  | 719,571 | 679,179
Debtors | 5 | 70,875 | 66,236
|  | 790,446 | 745,415
Creditors: Amounts falling due within one year | 6 | (1,833,234) | (1,830,210)
Net current liabilities |  | (1,042,788) | (1,084,795)
Total assets less current liabilities |  | 680,553 | 783,883
Creditors: Amounts falling due after more than one year | 6 | (1,430,562) | (1,581,789)
Net liabilities |  | (750,009) | (797,906)
Capital and reserves |  |  |
Allotted, called up and fully paid share capital |  | 2 | 2
Profit and loss account |  | (750,011) | (797,908)
Total equity |  | (750,009) | (797,906)

Oat Company Scotland Limited

(Registration number: SC619680)
Balance Sheet as at 31 January 2025 (continued)

For the financial year ending 31 January 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 September 2025 and signed on its behalf by:

......................................... C W Russell Director ......................................... D J Booth Director | ......................................... J M Russell Director | ......................................... A G Booth Director

Oat Company Scotland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Glenapp Manse
Glenapp Estate
Ballantrae
GIRVAN
KA26 0PG

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company has net liabilities at 31 January 2025 and meets its day to day working capital requirements through its bank overdraft facility which, in common with all such facilities, is repayable on demand. In addition the directors and shareholders have provided financial support by way of short term loans. On the basis of this support, the directors consider it appropriate to prepare the financial statements on the going concern basis.
However, should the company not have the support of its bankers and shareholders, and therefore be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets and long term liabilities as current assets and current liabilities.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Oat Company Scotland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

Other grants
Other grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets on a basis consistent with the depreciation policy.

Government grants
Grants relating to revenue are recognised in the profit and loss account on a systematic basis over the periods in which the related costs are recognised for which the grant is intended to compensate.
Grants for the purpose of giving immediate financial support with no future related costs to be incurred are recognised in the profit and loss account when the grant proceeds become receivable.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | Land not depreciated, buildings 2% straight line
Plant and equipment | 15% reducing balance

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Oat Company Scotland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account or Balance Sheet over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges, or where relating to costs directly attributable to the construction of an asset the interest charge has been capitalised.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Oat Company Scotland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

4 | Tangible assets

| Land and buildings £ | Plant and equipment £ | Total £
Cost or valuation
At 1 February 2024 | 870,087 | 1,623,779 | 2,493,866
Additions | - | 25,426 | 25,426
At 31 January 2025 | 870,087 | 1,649,205 | 2,519,292
Depreciation
At 1 February 2024 | 41,521 | 583,667 | 625,188
Charge for the year | 13,902 | 156,861 | 170,763
At 31 January 2025 | 55,423 | 740,528 | 795,951
Carrying amount
At 31 January 2025 | 814,664 | 908,677 | 1,723,341
At 31 January 2024 | 828,566 | 1,040,112 | 1,868,678

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 70,875 | 66,236
| 70,875 | 66,236

Oat Company Scotland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

6 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 396,555 | 379,072
Trade creditors |  | 620,819 | 624,545
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 749,998 | 749,998
Taxation and social security |  | 22,622 | 26,817
Other creditors |  | 43,240 | 49,778
|  | 1,833,234 | 1,830,210
Due after one year |  |  |
Loans and borrowings | 7 | 1,129,697 | 1,241,713
Other creditors |  | 300,865 | 340,076
|  | 1,430,562 | 1,581,789

| 2025 £ | 2024 £
After more than five years by instalments | 508,601 | 486,944
| 508,601 | 486,944

Oat Company Scotland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

7 | Loans and borrowings

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | 78,273 | 97,903
Bank overdrafts | 259,282 | 222,169
Finance lease liabilities | 59,000 | 59,000
| 396,555 | 379,072

Current loans and borrowings includes the following liabilities, on which security has been given by the company:

| 2025 £ | 2024 £
Bank borrowings | 78,273 | 97,903
Bank overdrafts | 259,282 | 222,169
Finance lease liabilities | 59,000 | 59,000
| 396,555 | 379,072

Bank borrowings and overdrafts are secured by fixed and floating charges over the company's assets.
Finance lease liabilities are secured on the assets to which they relate.

Oat Company Scotland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank borrowings | 760,947 | 813,963
Finance lease liabilities | 368,750 | 427,750
| 1,129,697 | 1,241,713

Non-current loans and borrowings includes the following liabilities, on which security has been given by the company:

| 2025 £ | 2024 £
Bank borrowings | 760,947 | 813,963
Finance lease liabilities | 368,750 | 427,750
| 1,129,697 | 1,241,713

Bank borrowings are secured by fixed and floating charges over the company's assets.
Finance lease liabilities are secured on the assets to which they relate.