REGISTERED NUMBER: SC483145 (Scotland)

Unaudited Financial Statements

for the Period

1 January 2024 to 31 March 2025

for

R&B Distillers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Dobbie

A Day

W E Dobbie

S Blues

REGISTERED OFFICE:

23 Manor Place

Edinburgh

EH3 7DX

REGISTERED NUMBER:

SC483145 (Scotland)

ACCOUNTANTS:

MacMillan Craig

Chartered Accountants

100 Brand Street

Glasgow

G51 1DG

FIXED ASSETS

Intangible assets

4

20,605

34,095

Tangible assets

5

12,061,319

11,261,569

Investments

6

51

52

12,081,975

11,295,716

CURRENT ASSETS

Stocks

4,755,203

3,829,014

Debtors

7

4,470,461

5,708,531

Cash at bank and in hand

329,813

1,180,550

9,555,477

10,718,095

CREDITORS

Amounts falling due within one year

8

1,236,686

1,120,498

NET CURRENT ASSETS

8,318,791

9,597,597

TOTAL ASSETS LESS CURRENT LIABILITIES

20,400,766

20,893,313

CREDITORS

Amounts falling due after more than one year

9

814,089

928,672

NET ASSETS

19,586,677

19,964,641

CAPITAL AND RESERVES

Called up share capital

18,411,490

18,411,490

Share premium

5,444,118

5,444,118

Retained earnings

(4,268,931

)

(3,890,967

)

SHAREHOLDERS' FUNDS

19,586,677

19,964,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 4 December 2025 and were signed on its behalf by:

W E Dobbie - Director

1.	STATUTORY INFORMATION

R&B Distillers 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

4% on cost and 2% on cost

Plant and machinery etc

-

25% on cost, 20% on cost, 10% on cost, 7% on cost and 5% on cost

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.

Cost includes all costs of purchase, costs of conversion and costs incurred in bringing the stock to its present location and condition.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants

Revenue grants are credited to income in the appropriate period to match the relevant expenditure. Capital grants are amortised in line with the depreciation of the relevant assets.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 44 (2023 - 44 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

113,543

Additions

16,500

At 31 March 2025

130,043

AMORTISATION

At 1 January 2024

79,448

Charge for period

29,990

At 31 March 2025

109,438

NET BOOK VALUE

At 31 March 2025

20,605

At 31 December 2023

34,095

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

9,371,626

4,338,237

13,709,863

Additions

809,216

597,426

1,406,642

At 31 March 2025

10,180,842

4,935,663

15,116,505

DEPRECIATION

At 1 January 2024

1,026,956

1,421,338

2,448,294

Charge for period

219,437

387,455

606,892

At 31 March 2025

1,246,393

1,808,793

3,055,186

NET BOOK VALUE

At 31 March 2025

8,934,449

3,126,870

12,061,319

At 31 December 2023

8,344,670

2,916,899

11,261,569

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 March 2025

165,422

DEPRECIATION

At 1 January 2024

11,028

Charge for period

13,785

At 31 March 2025

24,813

NET BOOK VALUE

At 31 March 2025

140,609

At 31 December 2023

154,394

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

52

Disposals

(1

)

At 31 March 2025

51

NET BOOK VALUE

At 31 March 2025

51

At 31 December 2023

52

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Trade debtors

360,823

750,473

Amounts owed by group undertakings

63,233

35,767

Other debtors

590,937

44,866

VAT

131,580

-

Called up share capital not paid

3,294,999

4,861,066

Prepayments

28,889

16,359

4,470,461

5,708,531

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Bank loans and overdrafts

6,443

1,551

Hire purchase contracts

40,067

39,669

Trade creditors

295,355

257,558

Amounts owed to group undertakings

41,033

63,393

Social security and other taxes

31,673

58,192

VAT

-

43,406

Other creditors

92,085

69,767

Directors' current accounts

-

4,538

Accruals and deferred income

730,030

582,424

1,236,686

1,120,498

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.12.23

£

£

Hire purchase contracts

90,133

125,619

Other creditors

723,956

803,053

814,089

928,672

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.12.23

£

£

Bank loans

6,443

1,551

Santander UK PLC holds a floating charge (the senior floating charge) over the whole of the property (including uncalled capital), as security for the loan granted.

11.	CAPITAL COMMITMENTS

31.3.25

31.12.23

£

£

Contracted but not provided for in the

financial statements

1,660,000

-

Capital commitments shown above are gross amounts before deduction of grant assistance of £380,000.

12.	RELATED PARTY DISCLOSURES

The ultimate controlling party is W Dobbie.

The company is a subsidiary of Chanrossa Group Limited, a company registered in Scotland.