REGISTERED NUMBER: SC424589 (Scotland)

Financial Statements for the Year Ended 31 December 2025

for

John O'Groats Brewery Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A W Mowat

S G Cottam

A Farquhar

J B Mainprize

J Mainprize

REGISTERED OFFICE:

Seaview Hotel

John O'Groats

Wick

Caithness

KW1 4YR

REGISTERED NUMBER:

SC424589 (Scotland)

ACCOUNTANTS:

Reid & Fraser

Chartered Accountants

15 Princes Street

Thurso

Caithness

KW14 7BQ

FIXED ASSETS

Tangible assets

4

116,849

130,683

CURRENT ASSETS

Stocks

45,759

38,191

Debtors

5

1,701

13,563

Cash at bank and in hand

78,118

37,729

125,578

89,483

CREDITORS

Amounts falling due within one year

6

(71,853

)

(74,791

)

NET CURRENT ASSETS

53,725

14,692

TOTAL ASSETS LESS CURRENT LIABILITIES

170,574

145,375

CREDITORS

Amounts falling due after more than one year

7

(40,934

)

(63,356

)

PROVISIONS FOR LIABILITIES

(24,236

)

(15,241

)

ACCRUALS AND DEFERRED INCOME

(26,419

)

(25,954

)

NET ASSETS

78,985

40,824

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

78,885

40,724

SHAREHOLDERS' FUNDS

78,985

40,824

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 25 May 2026 and were signed on its behalf by:

J B Mainprize - Director

1.	STATUTORY INFORMATION

John O'Groats Brewery Ltd 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.

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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Plant and machinery

-

15% reducing balance

Motor vehicles

-

25% reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

233,287

27,170

260,457

Additions

11,895

380

12,275

At 31 December 2025

245,182

27,550

272,732

DEPRECIATION

At 1 January 2025

122,981

6,793

129,774

Charge for year

20,920

5,189

26,109

At 31 December 2025

143,901

11,982

155,883

NET BOOK VALUE

At 31 December 2025

101,281

15,568

116,849

At 31 December 2024

110,306

20,377

130,683

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

Motor

vehicles

£

COST

At 1 January 2025

and 31 December 2025

27,170

DEPRECIATION

At 1 January 2025

6,793

Charge for year

5,094

At 31 December 2025

11,887

NET BOOK VALUE

At 31 December 2025

15,283

At 31 December 2024

20,377

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,519

554

Other debtors

182

13,009

1,701

13,563

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

7,187

7,187

Trade creditors

-

1

Other creditors

64,666

67,603

71,853

74,791

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

26,247

31,483

Hire purchase contracts

7,187

14,373

Other creditors

7,500

17,500

40,934

63,356