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Registration number: SC196630

Shand Marketing (Scotland) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Shand Marketing (Scotland) Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 9

Shand Marketing (Scotland) Limited

Company Information

Directors | C M Shand R A Shand S A Shand

Registered office | St Ninian's House Balgavies Forfar DD8 2TH

Accountants | Deans Accountants And Business Advisors Ltd 27 North Bridge Street Hawick Scottish Borders TD9 9BD

DEANS
Chartered Accountants
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Shand Marketing (Scotland) Limited for the Year Ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Shand Marketing (Scotland) Limited for the year ended 31 August 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland (ICAS), we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/ethics/icas-code-of-ethics.

This report is made solely to the Board of Directors of Shand Marketing (Scotland) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Shand Marketing (Scotland) Limited and state those matters that we have agreed to state to the Board of Directors of Shand Marketing (Scotland) Limited, as a body, in this report in accordance with ICAS guidance (www.icas.com/accountsprep/guidance). To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shand Marketing (Scotland) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Shand Marketing (Scotland) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Shand Marketing (Scotland) Limited. You consider that Shand Marketing (Scotland) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Shand Marketing (Scotland) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Deans Accountants And Business Advisors Ltd
27 North Bridge Street
Hawick
Scottish Borders
TD9 9BD

20 January 2026

Shand Marketing (Scotland) Limited

(Registration number: SC196630)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 290,039 | 290,039
Investments | 5 | 431,403 | 478,880
|  | 721,442 | 768,919
Current assets |  |  |
Debtors | 6 | 6,669 | 13,095
Cash at bank and in hand |  | 8,208 | -
|  | 14,877 | 13,095
Creditors: Amounts falling due within one year | 7 | (7,327) | (11,863)
Net current assets |  | 7,550 | 1,232
Total assets less current liabilities |  | 728,992 | 770,151
Creditors: Amounts falling due after more than one year | 7 | (298,146) | (322,395)
Provisions for liabilities |  | (9,070) | (9,070)
Net assets |  | 421,776 | 438,686
Capital and reserves |  |  |
Called up share capital | 8 | 2 | 2
Revaluation reserve |  | 326,347 | 365,324
Retained earnings |  | 95,427 | 73,360
Shareholders' funds |  | 421,776 | 438,686

For the financial year ending 31 August 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 Profit and Loss Account.

Approved and authorised by the Board on 20 January 2026 and signed on its behalf by:

......................................... C M Shand Director

Shand Marketing (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

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

The address of its registered office is:
St Ninian's House
Balgavies
Forfar
DD8 2TH
Scotland

The principal place of business is:
St Ninian's House
Balgavies
Forfar
DD8 2TH
Scotland

These financial statements were authorised for issue by the Board on 20 January 2026.

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.

The company is not directly impacted by Brexit.

The company has suffered financially from the pandemic. Where appropriate, government support in the forms of grants and loans were used to mitigate the impact of lockdowns etc. The directors will continue to assess the impact of the pandemic and make decisions accordingly.

The accounts are presented in £GBP and are rounded to the nearest £1.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced for goods and services provided during the year. Other operating income represents rental amounts charged during the year. The company is not registered for VAT.

Tax

The tax expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profits for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing issues at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing differences.

Shand Marketing (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment loss. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increases accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until its expected that fair value will be reliably measurable on an on-going basis.

Investments

Investments in associates accounted for in accordance with the fair value model are initially recorded at the cost price. At each reporting date, the investments are measured at fair value based on the net asset value of the investee companies, with changes in fair value recognised in other comprehensive income.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Shand Marketing (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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 it’s liabilities.
Recognition and measurement
Where shares are issued, any component that creates, a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expenses in the profit and loss account.
Impairment
At the end of each reporting period financial instruments measured at fair value are assessed for objective evidence of impairment. The impairment loss is recognised in the profit and loss account.

3 | Staff numbers

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

4 | Investment properties

| 2025 £
At 1 September | 290,039
At 31 August | 290,039

The company's land and buildings comprise investment properties for commercial rent. The original cost of these properties was £223,374 (2024: £223,374) which is also the carrying value of the investment properties if held under the historic cost basis. The company's directors review the valuations of the investment properties each year. The directors previously revalued the company's investment properties on an open market basis, and a surplus of £66,667 arising from revaluations reflected in a revaluation reserve. There is no surplus or deficit arising based on the directors 2025 revaluation.

There has been no valuation of investment property by an independent valuer.

Shand Marketing (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5 | Investments

| 2025 £ | 2024 £
Investments in associates | 431,403 | 478,880

Associates | £
Cost
At 1 September 2024 | 478,880
Revaluation | (38,977)
Disposals | (8,500)
At 31 August 2025 | 431,403
Provision
Carrying amount
At 31 August 2025 | 431,403
At 31 August 2024 | 478,880

6 | Debtors

| 2025 £ | 2024 £
Other debtors | 6,669 | 13,095
| 6,669 | 13,095

Shand Marketing (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | - | 6,060
Taxation and social security |  | 5,293 | 3,926
Accruals and deferred income |  | 2,034 | 1,877
|  | 7,327 | 11,863

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 298,146 | 322,395

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £0.01 (2024 - £1) each | 200 | 2 | 2 | 2

Shand Marketing (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

9 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on revaluation of other assets | (38,977) | (38,977)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on revaluation of other assets | 45,958 | 45,958

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 298,146 | 322,395

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | - | 6,060