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Registration number: SC458270

Robert Watt (Butchers) Limited
Unaudited Financial Statements
for the Year Ended 30 September 2025

Robert Watt (Butchers) Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Robert Watt (Butchers) Limited

(Registration number: SC458270)
Statement of Financial Position as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 66,178 | 69,787
Current assets |  |  |
Stocks | 6 | 4,246 | 4,285
Debtors | 7 | 8,694 | 7,237
Cash at bank and in hand |  | 204,574 | 161,710
|  | 217,514 | 173,232
Creditors: Amounts falling due within one year | 8 | (185,975) | (184,348)
Net current assets/(liabilities) |  | 31,539 | (11,116)
Net assets |  | 97,717 | 58,671
Capital and reserves |  |  |
Called up share capital |  | 180 | 180
Retained earnings |  | 97,537 | 58,491
Shareholders' funds |  | 97,717 | 58,671

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Robert Watt (Butchers) Limited

(Registration number: SC458270)
Statement of Financial Position as at 30 September 2025

Approved and authorised by the Board on 11 January 2026 and signed on its behalf by:

......................................... Mr Kris Davidson Director

Robert Watt (Butchers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
69 North Street
Forfar
Angus
DD8 3BL
Scotland

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Robert Watt (Butchers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures, Fittings & Equipment | 15% Reducing Balance
Property | 2% Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% Straight Line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Robert Watt (Butchers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2024 - 3).

Robert Watt (Butchers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 October 2024 | 60,524 | 60,524
At 30 September 2025 | 60,524 | 60,524
Amortisation
At 1 October 2024 | 60,524 | 60,524
At 30 September 2025 | 60,524 | 60,524
Carrying amount
At 30 September 2025 | - | -

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 October 2024 | 61,384 | 14,507 | 7,995 | 83,886
At 30 September 2025 | 61,384 | 14,507 | 7,995 | 83,886
Depreciation
At 1 October 2024 | 2,917 | 10,016 | 1,166 | 14,099
Charge for the year | 1,228 | 674 | 1,707 | 3,609
At 30 September 2025 | 4,145 | 10,690 | 2,873 | 17,708
Carrying amount
At 30 September 2025 | 57,239 | 3,817 | 5,122 | 66,178
At 30 September 2024 | 58,467 | 4,491 | 6,829 | 69,787

Included within the net book value of land and buildings above is £57,240 (2024 - £58,468) in respect of freehold land and buildings.

Robert Watt (Butchers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 4,246 | 4,285

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 6,001 | 5,657
Prepayments | 1,086 | 1,053
Other debtors | 1,607 | 527
| 8,694 | 7,237

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 8,428 | 16,553
Taxation and social security | 43,245 | 25,790
Accruals and deferred income | 2,803 | 3,792
Other creditors | 131,499 | 138,213
| 185,975 | 184,348