IRIS Accounts Production v26.1.10.61 SC128163 Board of Directors 1.1.25 31.12.25 31.12.25 16.6.2026 0 0 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC128163 2024-12-31 SC128163 2025-12-31 SC128163 2025-01-01 2025-12-31 SC128163 2024-03-31 SC128163 2024-04-01 2024-12-31 SC128163 2024-12-31 SC128163 ns15:Scotland 2025-01-01 2025-12-31 SC128163 ns14:PoundSterling 2025-01-01 2025-12-31 SC128163 ns10:Director1 2025-01-01 2025-12-31 SC128163 ns10:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 SC128163 ns10:SmallEntities 2025-01-01 2025-12-31 SC128163 ns10:Audited 2025-01-01 2025-12-31 SC128163 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 SC128163 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC128163 ns10:FullAccounts 2025-01-01 2025-12-31 SC128163 ns10:Director2 2025-01-01 2025-12-31 SC128163 ns10:Director4 2025-01-01 2025-12-31 SC128163 ns10:Director6 2025-01-01 2025-12-31 SC128163 ns10:Director7 2025-01-01 2025-12-31 SC128163 ns10:RegisteredOffice 2025-01-01 2025-12-31 SC128163 ns5:CurrentFinancialInstruments 2025-12-31 SC128163 ns5:CurrentFinancialInstruments 2024-12-31 SC128163 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 SC128163 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC128163 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 SC128163 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31

REGISTERED NUMBER: SC128163 (Scotland)

| Scottish Quality Salmon Limited |

| Financial Statements |

| for the Year Ended 31 December 2025 |

| Scottish Quality Salmon Limited (Registered number: SC128163) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Scottish Quality Salmon Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | C I Blair

| S M Cox

| M McAleese

| M Clark

| C Kimpflin

| REGISTERED OFFICE: | Shepherd and Wedderburn LLP

| Floor 3

| 1 West Regent Street

| Glasgow

| G2 1RW

| REGISTERED NUMBER: | SC128163 (Scotland)

| AUDITORS: | The A9 Partnership Limited

| 47 Commercial Road

| Lerwick

| Shetland Isles

| ZE1 0NJ

| Scottish Quality Salmon Limited (Registered number: SC128163) |

Balance Sheet

31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 67,771 |  | 41,792 |  |

Cash at bank | 63,937 |  | 97,927 |  |

131,708 |  | 139,719 |  |

CREDITORS

Amounts falling due within one year | 5 | 27,921 |  | 34,562 |  |

NET CURRENT ASSETS | 103,787 |  | 105,157 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 103,787 |  | 105,157 |  |

RESERVES

Income and expenditure account | 103,787 |  | 105,157 |  |

103,787 |  | 105,157 |  |

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 16 June 2026 and were signed on its behalf by:

S M Cox - Director

| Scottish Quality Salmon Limited (Registered number: SC128163) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Scottish Quality Salmon Limited is a private company, limited by guarantee , 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 FRS 102 "The financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies of the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applies other than where additional closure is required to show a true and fair view.

| The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| The financial statements have been prepared under the historical cost convention. The principal accounting policies are set out below.

| Turnover

| Turnover comprises the fair value of the promotion of Scottish Quality Salmon members at the heart of the Scottish economy.

| The income is recognised in the financial statement in the period that the membership relates to.

| Government grants

| Government grants relating to revenue are recognised in the period that the expenditure is charged to profit and loss account.

| Financial instruments

| The company has elected to apply the provisions of section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of it's financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes

| party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a new basis or to realise the asset and settle the liability simultaneously.

| Scottish Quality Salmon Limited (Registered number: SC128163) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Going concern

| The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future. The directors have no concerns that the company will continue to trade for at least 12 months from the signing of these financial statements.

| Scottish Quality Salmon Limited (Registered number: SC128163) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Provisions

| Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

| Income and expenditure

| Income and expenses are included in the financial statements as they become receivable or due. The income shown in the profit and loss account represents the amounts invoiced during the year, exclusive of Value Added Tax, adjusted for opening and closing deferred and accrued income.

3. | EMPLOYEES AND DIRECTORS

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

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 7,744 |  | - |  |

| Other debtors | 60,027 |  | 41,792 |  |

67,771 |  | 41,792 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 3,767 |  | 21,976 |  |

| Taxation and social security | 11,884 |  | 5,909 |  |

| Other creditors | 12,270 |  | 6,677 |  |

27,921 |  | 34,562 |  |

6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Mrs Jayne Anderson (Senior Statutory Auditor)

| for and on behalf of The A9 Partnership Limited

| Scottish Quality Salmon Limited (Registered number: SC128163) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

7. | MEMBERS' LIABILITY

| The company is limited by guarantee, not having a share capital and consequently the liability of the members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

8. | FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

| The company has granted a bond and floating charge over all assets of the company in favour of The Royal Bank of Scotland Group for any sums that may become due to the bank.