REGISTERED NUMBER: SC558566 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LOST ORCHARDS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A J Husband

A K Morrison

SECRETARY:

I S R Baird

REGISTERED OFFICE:

East Adamson Farm

Muirhead

Dundee

DD2 5QX

REGISTERED NUMBER:

SC558566 (Scotland)

ACCOUNTANTS:

Thomas Barrie & Co LLP

Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

FIXED ASSETS

Intangible assets

4

8,047

9,869

Tangible assets

5

50,773

30,500

58,820

40,369

CURRENT ASSETS

Stocks

47,537

68,260

Debtors

6

55,229

75,799

Cash at bank

92,241

83,974

195,007

228,033

CREDITORS

Amounts falling due within one year

7

(463,570

)

(504,330

)

NET CURRENT LIABILITIES

(268,563

)

(276,297

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(209,743

)

(235,928

)

CREDITORS

Amounts falling due after more than one year

8

(6,250

)

(25,000

)

NET LIABILITIES

(215,993

)

(260,928

)

CAPITAL AND RESERVES

Called up share capital

118

118

Share premium

4,218

4,218

Fair value reserve

10

29,830

-

Retained earnings

(250,159

)

(265,264

)

(215,993

)

(260,928

)

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 30 December 2025 and were signed on its behalf by:

A K Morrison - Director

A J Husband - Director

1.	STATUTORY INFORMATION

Lost Orchards Limited is a private company, limited by shares, registered in Scotland, registration number SC558566. The registered office is East Adamston Farm, Muirhead, Dundee, Scotland, DD2 5QX .

The principal activity of the company is the production of cider.

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 presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates

In preparing these financial statements, the directors are required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

The following judgements and estimates have had the most significant effects on amounts recognised in the financial statements:

Plant and equipment

The estimates and assumptions made to determine asset lives require judgements to be made as regards useful lives and residual values. The useful lives and residual values of the company's financial assets are determined by management at the time the asset is acquired and reviewed annually for appropriateness. The lives are based on management experience with similar assets.

Stock

Stock value is based on a price per litre being applied to the number of litres held at the year end. The price per litre is estimated using the directors' methodology as outlined in the "Stock" policy later in these notes.

Turnover

Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

Sale of goods

Revenue is recognised when the significant risks and rewards of ownership have been transferred to the customer, recovery of the consideration is probable, the associated costs and possible return of goods can be estimated reliably, there is no continuing management involvement with the goods, and the amount of revenue can be measured reliably.

Government grants

Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

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.

Brand IP costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 10% on cost

The carrying values of tangible fixed assets are reviewed for impairment if events or changes in circumstances indicate the carrying values may not be reasonable.

Stocks

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

The stock valuation is based on cost per litre, where costs are those that are incurred in getting the cider to the stage of completion at the year end, which includes an element of overheads.

Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances, including bank overdrafts that are payable on demand and form an integral part of the company's cash management.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

18,220

AMORTISATION

At 1 April 2024

8,351

Charge for year

1,822

At 31 March 2025

10,173

NET BOOK VALUE

At 31 March 2025

8,047

At 31 March 2024

9,869

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

75,385

Additions

29,831

At 31 March 2025

105,216

DEPRECIATION

At 1 April 2024

44,885

Charge for year

9,558

At 31 March 2025

54,443

NET BOOK VALUE

At 31 March 2025

50,773

At 31 March 2024

30,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,308

35,829

Other debtors

36,921

39,970

55,229

75,799

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

18,750

18,750

Other loans

145,770

145,770

Trade creditors

7,469

23,409

VAT

18,335

5,654

Directors' loan accounts

270,878

181,549

Accrued expenses

2,368

129,198

463,570

504,330

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

6,250

18,750

Bank loans - 2-5 years

-

6,250

6,250

25,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

25,000

43,750

The company has granted a floating charge over all assets and undertaking of the company in favour of HSBC UK Bank plc.

10.

RESERVES

Fair

value

reserve

£

Increase in year

29,830

At 31 March 2025

29,830