REGISTERED NUMBER: SC383924 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SCOTCH WHISKY AUCTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Gardiner

Ms A Job

REGISTERED OFFICE:

Unit C

139 Lancefield Street

Glasgow

G3 8HZ

REGISTERED NUMBER:

SC383924 (Scotland)

ACCOUNTANTS:

Henry Brown & Co

Chartered Accountants

26 Portland Road

Kilmarnock

Ayrshire

KA1 2EB

FIXED ASSETS

Intangible assets

4

2,845

5,690

Tangible assets

5

240,050

285,466

Investments

6

-

253,255

242,895

544,411

CURRENT ASSETS

Stocks

-

10,000

Debtors

7

188,019

123,831

Cash at bank

39,257

199,127

227,276

332,958

CREDITORS

Amounts falling due within one year

8

266,741

270,914

NET CURRENT (LIABILITIES)/ASSETS

(39,465

)

62,044

TOTAL ASSETS LESS CURRENT LIABILITIES

203,430

606,455

CREDITORS

Amounts falling due after more than one year

9

(27,155

)

(35,851

)

PROVISIONS FOR LIABILITIES

(48,526

)

(48,526

)

NET ASSETS

127,749

522,078

CAPITAL AND RESERVES

Called up share capital

30,002

30,001

Capital redemption reserve

30,001

30,001

Other reserves

1

1

Retained earnings

67,745

462,075

SHAREHOLDERS' FUNDS

127,749

522,078

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

The members have not required the company to obtain an audit of its financial statements for the year 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 23 December 2025 and were signed on its behalf by:

T Gardiner - Director

1.	STATUTORY INFORMATION

Scotch Whisky Auctions 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements relate to a single company.

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.

In order to meet it's day to day working capital requirements the Company requires the support of the directors, it is expected that this support will continue for a period of at least one year and as such the accounts are prepared on the going concern basis.

Turnover

Turnover represents the value of goods sold and commissions earned through the Company's online whisky auction website.

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.

Improvements to property

-

10% on cost

Motor vehicles

-

25% on reducing balance

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.

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

28,451

AMORTISATION

At 1 April 2024

22,761

Charge for year

2,845

At 31 March 2025

25,606

NET BOOK VALUE

At 31 March 2025

2,845

At 31 March 2024

5,690

5.	TANGIBLE FIXED ASSETS

Improvements

to

Motor

property

vehicles

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

31,271

479,647

510,918

DEPRECIATION

At 1 April 2024

27,732

197,720

225,452

Charge for year

3,127

42,289

45,416

At 31 March 2025

30,859

240,009

270,868

NET BOOK VALUE

At 31 March 2025

412

239,638

240,050

At 31 March 2024

3,539

281,927

285,466

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

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

53,759

DEPRECIATION

At 1 April 2024

13,440

Charge for year

6,048

At 31 March 2025

19,488

NET BOOK VALUE

At 31 March 2025

34,271

At 31 March 2024

40,319

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

253,255

Impairments

(253,255

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

253,255

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

114,229

50,041

Other debtors

73,790

73,790

188,019

123,831

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

116,410

122,221

Hire purchase contracts (see note 10)

8,697

8,697

Trade creditors

58,526

39,065

Taxation and social security

18,283

51,525

Other creditors

64,825

49,406

266,741

270,914

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 10)

27,155

35,851

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

8,697

8,697

Between one and five years

27,155

35,851

35,852

44,548

The company currently have entered into an operating lease which will cost the company £528,184 over a 6 year period.

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

35,852

44,548

12.	ULTIMATE CONTROLLING PARTY

The controlling party is T Gardiner.