IRIS Accounts Production v25.4.0.155 SC487793 director 1.10.23 30.9.24 30.9.24 false true false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC487793 2023-09-30 SC487793 2024-09-30 SC487793 2023-10-01 2024-09-30 SC487793 2022-09-30 SC487793 2022-10-01 2023-09-30 SC487793 2023-09-30 SC487793 ns15:Scotland 2023-10-01 2024-09-30 SC487793 ns14:PoundSterling 2023-10-01 2024-09-30 SC487793 ns10:Director1 2023-10-01 2024-09-30 SC487793 ns10:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC487793 ns10:SmallEntities 2023-10-01 2024-09-30 SC487793 ns10:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC487793 ns10:SmallCompaniesRegimeForDirectorsReport 2023-10-01 2024-09-30 SC487793 ns10:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC487793 ns10:FullAccounts 2023-10-01 2024-09-30 SC487793 1 2023-10-01 2024-09-30 SC487793 ns10:OrdinaryShareClass1 2023-10-01 2024-09-30 SC487793 ns10:RegisteredOffice 2023-10-01 2024-09-30 SC487793 ns5:CurrentFinancialInstruments 2024-09-30 SC487793 ns5:CurrentFinancialInstruments 2023-09-30 SC487793 ns5:Non-currentFinancialInstruments 2024-09-30 SC487793 ns5:Non-currentFinancialInstruments 2023-09-30 SC487793 ns5:ShareCapital 2024-09-30 SC487793 ns5:ShareCapital 2023-09-30 SC487793 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 SC487793 ns5:RetainedEarningsAccumulatedLosses 2023-09-30 SC487793 ns5:IntangibleAssetsOtherThanGoodwill 2023-10-01 2024-09-30 SC487793 ns5:PatentsTrademarksLicencesConcessionsSimilar 2023-10-01 2024-09-30 SC487793 ns5:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 SC487793 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-09-30 SC487793 ns5:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 SC487793 ns5:FurnitureFittings 2023-09-30 SC487793 ns5:ComputerEquipment 2023-09-30 SC487793 ns5:FurnitureFittings 2023-10-01 2024-09-30 SC487793 ns5:ComputerEquipment 2023-10-01 2024-09-30 SC487793 ns5:FurnitureFittings 2024-09-30 SC487793 ns5:ComputerEquipment 2024-09-30 SC487793 ns5:FurnitureFittings 2023-09-30 SC487793 ns5:ComputerEquipment 2023-09-30 SC487793 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 SC487793 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-09-30 SC487793 ns5:WithinOneYear 2024-09-30 SC487793 ns5:WithinOneYear 2023-09-30 SC487793 ns5:BetweenOneFiveYears 2024-09-30 SC487793 ns5:BetweenOneFiveYears 2023-09-30 SC487793 ns5:AllPeriods 2024-09-30 SC487793 ns5:AllPeriods 2023-09-30 SC487793 ns5:DeferredTaxation 2023-09-30 SC487793 ns5:DeferredTaxation 2023-10-01 2024-09-30 SC487793 ns5:DeferredTaxation 2024-09-30 SC487793 ns10:OrdinaryShareClass1 2024-09-30 SC487793 ns10:Director2 2023-10-01 2024-09-30 SC487793 ns10:Director2 2 2023-09-30 SC487793 ns10:Director2 2 2022-09-30 SC487793 ns10:Director2 2 2023-10-01 2024-09-30 SC487793 ns10:Director2 2 2022-10-01 2023-09-30 SC487793 ns10:Director2 2 2024-09-30 SC487793 ns10:Director2 2 2023-09-30

REGISTERED NUMBER: SC487793 (Scotland)

| Unaudited Financial Statements |

| for the Year Ended 30 September 2024 |

| for |

| Skene Scotch Whisky Ltd |

| Skene Scotch Whisky Ltd (Registered number: SC487793) |

Contents of the Financial Statements

for the Year Ended 30 September 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Skene Scotch Whisky Ltd |

Company Information

for the Year Ended 30 September 2024

| DIRECTOR: | S Marayana

| REGISTERED OFFICE: | 11 Marischal Place

| Edinburgh

| EH4 3NF

| REGISTERED NUMBER: | SC487793 (Scotland)

| ACCOUNTANTS: | A H & Co Ltd

| Chartered Accountants

| 6 Logie Mill

| Edinburgh

| Lothian

| EH7 4HG

| Skene Scotch Whisky Ltd (Registered number: SC487793) |

Balance Sheet

30 September 2024

| 30.9.24 | 30.9.23 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 65 |  | 249 |  |

Tangible assets | 5 | 822 |  | 2,170 |  |

887 |  | 2,419 |  |

CURRENT ASSETS

Stocks | 40,238 |  | 160,164 |  |

Debtors | 6 | 521,176 |  | 509,267 |  |

Cash in hand | 300 |  | 300 |  |

561,714 |  | 669,731 |  |

CREDITORS

Amounts falling due within one year | 7 | 372,214 |  | 445,466 |  |

NET CURRENT ASSETS | 189,500 |  | 224,265 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 190,387 |  | 226,684 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (102,343 | ) | (226,106 | ) |

PROVISIONS FOR LIABILITIES | 10 | (206 | ) | (478 | ) |

NET ASSETS | 87,838 |  | 100 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Retained earnings | 87,738 |  | - |  |

SHAREHOLDERS' FUNDS | 87,838 |  | 100 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

| Skene Scotch Whisky Ltd (Registered number: SC487793) |

Balance Sheet - continued

30 September 2024

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2025 and were signed by:

S Marayana - Director

| Skene Scotch Whisky Ltd (Registered number: SC487793) |

Notes to the Financial Statements

for the Year Ended 30 September 2024

1. | STATUTORY INFORMATION

| Skene Scotch Whisky 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 under the historical cost convention.

| The accounts have been prepared on the going concern basis, the acceptability of which is dependent on the continuing support of the creditors and directors.

| 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, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

| Computer equipment - 20% on cost

| Fixture and Fittings - 20% on cost

| Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

| Turnover

| Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the services provided to date based on the stage of completion of the contract activity at the balance sheet date.

| Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

| 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.

| Patents and licences are being amortised evenly over their estimated useful life of five years.

| Stocks

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

| Basic financial instruments

| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

| Skene Scotch Whisky Ltd (Registered number: SC487793) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

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

| Provisions

| Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

| Exemption from preparing a cash flow statement

| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. | EMPLOYEES AND DIRECTORS

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

4. | INTANGIBLE FIXED ASSETS

| Patents

| and

| licences

£ |

| COST

| At 1 October 2023

| and 30 September 2024 | 919 |  |

| AMORTISATION

| At 1 October 2023 | 670 |  |

| Amortisation for year | 184 |  |

| At 30 September 2024 | 854 |  |

| NET BOOK VALUE

| At 30 September 2024 | 65 |  |

| At 30 September 2023 | 249 |  |

| Skene Scotch Whisky Ltd (Registered number: SC487793) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 October 2023

| and 30 September 2024 | 6,529 |  | 1,572 |  | 8,101 |  |

| DEPRECIATION

| At 1 October 2023 | 4,513 |  | 1,418 |  | 5,931 |  |

| Charge for year | 1,250 |  | 98 |  | 1,348 |  |

| At 30 September 2024 | 5,763 |  | 1,516 |  | 7,279 |  |

| NET BOOK VALUE

| At 30 September 2024 | 766 |  | 56 |  | 822 |  |

| At 30 September 2023 | 2,016 |  | 154 |  | 2,170 |  |

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

| 30.9.24 |  | 30.9.23

| as restated |

£ | £ |

| Trade debtors | 170,963 |  | 168,243 |  |

| Other debtors | 350,213 |  | 341,024 |  |

521,176 |  | 509,267 |  |

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

| 30.9.24 |  | 30.9.23

| as restated |

£ | £ |

| Bank loans and overdrafts | 49,940 |  | 37,862 |  |

| Trade creditors | 47,713 |  | 185,851 |  |

| Taxation and social security | 60,276 |  | 29,635 |  |

| Other creditors | 214,285 |  | 192,118 |  |

372,214 |  | 445,466 |  |

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

| 30.9.24 |  | 30.9.23

| as restated |

£ | £ |

| Other creditors | 102,343 |  | 226,106 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 30.9.24 |  | 30.9.23

| as restated |

£ | £ |

| Within one year | 7,212 |  | - |  |

| Between one and five years | 1,202 |  | - |  |

8,414 |  | - |  |

| Skene Scotch Whisky Ltd (Registered number: SC487793) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

10. | PROVISIONS FOR LIABILITIES

| 30.9.24 |  | 30.9.23

| as restated |

£ | £ |

| Deferred tax | 206 |  | 478 |  |

| Deferred |

| tax |

£ |

| Balance at 1 October 2023 | 478 |  |

| Provided during year | (272 | ) |

| Balance at 30 September 2024 | 206 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.9.24 |  | 30.9.23

| value: |  | as restated |

£ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

| 30.9.24 |  | 30.9.23

| as restated |

£ | £ |

| A G C Skene

| Balance outstanding at start of year | 97,367 |  | 43,588 |  |

| Amounts advanced | 105,906 |  | 130,152 |  |

| Amounts repaid | (73,582 | ) | (76,373 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 129,691 |  | 97,367 |  |

13. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £42,947 (2023 - £34,666) were paid to the director .

| Skene Scotch Whisky Ltd (Registered number: SC487793) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

13. | RELATED PARTY DISCLOSURES - continued

| During the year, total dividends of £41,264 (2023 - £33,308) were paid to a family member of the director.

| Transactions with related parties during the year and balances outstanding at the year end were as follows:

| Related Party |  | Type of Transaction |  | Value of transactions in year 30.9.24 |  | Balance receivable from/(payable to) by related party as at 30.9.24 |  | Value of transactions in year 30.9.23 | Balance receivable from/(payable to) by related party as at 30.9.23 |

| Spirit of Scotland Pte Limited |  | Loan |  | 21,000 |  | 170,022 |  | 12,000 |  | 149,022

| Black Tartan Limited |  | Loan |  | Nil |  | Nil |  | (38,450) |  | Nil

| Finzean Whisky Ltd |  | Purchases |  | 5,643 |  | (1,091) |  | 5,643 |  | Nil

|  | Sales |  | 1,872 |  | Nil |  | Nil |  | Nil

|  | Loan |  | (5,500) |  | 1,083 |  | (3,000) |  | 6,583

| Shareholder |  | Loan |  | (41,264) |  | Nil |  | (8,781) |  | 41,264

| The director of Skene Scotch Whisky Limited is also a former director of Spirit of Scotland Pte Limited.

| The director of Skene Scotch Whisky Limited is also a director of Black Tartan Limited.

| The director of Skene Scotch Whisky Limited is also a shareholder of Finzean Whisky Ltd.

14. | ULTIMATE CONTROLLING PARTY

| The controlling party is A G C Skene.