Acorah Software Products - Accounts Production 16.8.200 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC281584 S B Smith Castlebank Hotels & Restaurants Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC281584 2023-12-31 SC281584 2024-12-31 SC281584 2024-01-01 2024-12-31 SC281584 frs-core:CurrentFinancialInstruments 2024-12-31 SC281584 frs-core:Non-currentFinancialInstruments 2024-12-31 SC281584 frs-core:ComputerEquipment 2024-12-31 SC281584 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC281584 frs-core:ComputerEquipment 2023-12-31 SC281584 frs-core:FurnitureFittings 2024-12-31 SC281584 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC281584 frs-core:FurnitureFittings 2023-12-31 SC281584 frs-core:PlantMachinery 2024-12-31 SC281584 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC281584 frs-core:PlantMachinery 2023-12-31 SC281584 frs-core:ShareCapital 2024-12-31 SC281584 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC281584 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC281584 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC281584 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC281584 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC281584 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC281584 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC281584 frs-bus:OrdinaryShareClass1 2024-12-31 SC281584 1 2024-01-01 2024-12-31 SC281584 frs-bus:Director1 2024-01-01 2024-12-31 SC281584 frs-countries:Scotland 2024-01-01 2024-12-31 SC281584 2022-12-31 SC281584 2023-12-31 SC281584 2023-01-01 2023-12-31 SC281584 frs-core:CurrentFinancialInstruments 2023-12-31 SC281584 frs-core:Non-currentFinancialInstruments 2023-12-31 SC281584 frs-core:ShareCapital 2023-12-31 SC281584 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC281584 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: SC281584
Single Malts Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Infinity Partnership
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC281584
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,590 10,231
14,590 10,231
CURRENT ASSETS
Stocks 5 139,698 92,621
Debtors 6 235,453 33,684
Cash at bank and in hand 44,023 48,648
419,174 174,953
Creditors: Amounts Falling Due Within One Year 7 (1,286,904 ) (632,995 )
NET CURRENT ASSETS (LIABILITIES) (867,730 ) (458,042 )
TOTAL ASSETS LESS CURRENT LIABILITIES (853,140 ) (447,811 )
Creditors: Amounts Falling Due After More Than One Year 8 (6,400 ) (16,000 )
NET LIABILITIES (859,540 ) (463,811 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (860,540 ) (464,811 )
SHAREHOLDERS' FUNDS (859,540) (463,811)
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 22 December 2025 and were signed on its behalf by:
S B Smith
Director
22nd December 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Single Malts Limited is a private company, limited by shares, incorporated in Scotland, registered number SC281584 . The registered office is 28 Albyn Place, Aberdeen, AB10 1YL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Plant & Machinery 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.7. 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.
2.8. Pensions
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was 6 (2023: 4)
6 4
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 54,754 7,325 4,182 66,261
Additions - 4,550 195 4,745
As at 31 December 2024 54,754 11,875 4,377 71,006
Depreciation
As at 1 January 2024 54,754 440 836 56,030
Provided during the period - 380 6 386
As at 31 December 2024 54,754 820 842 56,416
Net Book Value
As at 31 December 2024 - 11,055 3,535 14,590
As at 1 January 2024 - 6,885 3,346 10,231
5. Stocks
2024 2023
£ £
Stock 139,698 92,621
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 151,152 1,781
Amounts owed by group undertakings 962 -
Other debtors 83,339 31,903
235,453 33,684
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 80,947 31,517
Bank loans and overdrafts 9,600 9,600
Amounts owed to group undertakings - 967
Amounts owed to participating interests 1,148,886 566,855
Other creditors 42,146 20,971
Taxation and social security 5,325 3,085
1,286,904 632,995
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,400 16,000
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9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 1.00 each 1,000 1,000
10. Ultimate Controlling Party
The controlling party are Castlebank Hotels & Restaurants Limited who own 100% of the share capital.
The ultimate controlling party is S Smith, director.
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