REGISTERED NUMBER: SC395319 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

TEUCHTERS (EDINBURGH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R G Arnott

K M Doyle

P A Knight

J A D Tindal

REGISTERED OFFICE:

46 Charlotte Square

Edinburgh

EH2 4HQ

REGISTERED NUMBER:

SC395319 (Scotland)

AUDITORS:

S&W Audit

Statutory Auditor

Chartered Accountants

Q Court

3 Quality Street

Edinburgh

EH4 5BP

FIXED ASSETS

Intangible assets

4

68,333

88,333

Tangible assets

5

1,539,704

1,566,888

1,608,037

1,655,221

CURRENT ASSETS

Stocks

75,219

80,478

Debtors

6

123,911

130,035

Cash at bank and in hand

460,131

102,508

659,261

313,021

CREDITORS

Amounts falling due within one year

7

(704,204

)

(657,715

)

NET CURRENT LIABILITIES

(44,943

)

(344,694

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,563,094

1,310,527

CREDITORS

Amounts falling due after more than one year

8

-

(85,426

)

PROVISIONS FOR LIABILITIES

9

(14,135

)

(19,830

)

NET ASSETS

1,548,959

1,205,271

CAPITAL AND RESERVES

Called up share capital

10

4

4

Retained earnings

1,548,955

1,205,267

SHAREHOLDERS' FUNDS

1,548,959

1,205,271

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2026 and were signed on its behalf by:

R G Arnott - Director

1.	STATUTORY INFORMATION

Teuchters (Edinburgh) Limited 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.

During the year the company made a profit of £503,688 and increased its cash balances from £102,508 to £460,131. The Directors have prepared projections for the next 12 months and are satisfied the company has adequate cash resources to meet all liabilities as they fall due. The Directors have therefore prepared the financial statements on a going concern basis.

TURNOVER

Turnover represents amounts chargeable, net of valued added tax, in respect of the sale of food and drink to customers and is recognised at the point of sale. Discounts received, which is also included within turnover, is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliability measured.

GOODWILL

Goodwill relates to the difference between the consideration paid and the fair value of assets acquired on acquisition. In the absence of a readily ascertainable useful life, goodwill is amortised on a straight line basis over ten years.

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.

TANGIBLE FIXED ASSETS

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

Heritable property

-

over 50 years

Fixtures and fittings

-

over 7 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

STOCKS

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

FINANCIAL INSTRUMENTS

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. lf objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's, carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. lf a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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.

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 72 (2024 - 68 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

200,000

AMORTISATION

At 1 November 2024

111,667

Amortisation for year

20,000

At 31 October 2025

131,667

NET BOOK VALUE

At 31 October 2025

68,333

At 31 October 2024

88,333

5.	TANGIBLE FIXED ASSETS

Fixtures

Heritable

and

property

fittings

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

1,491,634

159,451

1,651,085

DEPRECIATION

At 1 November 2024

16,966

67,231

84,197

Charge for year

4,406

22,778

27,184

At 31 October 2025

21,372

90,009

111,381

NET BOOK VALUE

At 31 October 2025

1,470,262

69,442

1,539,704

At 31 October 2024

1,474,668

92,220

1,566,888

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

59,545

68,585

Other debtors

64,366

61,450

123,911

130,035

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

12,472

Trade creditors

257,503

248,304

Taxation and social security

388,209

343,222

Other creditors

58,492

53,717

704,204

657,715

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

5,426

Other creditors

-

80,000

-

85,426

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

14,135

19,830

Deferred

tax

£

Balance at 1 November 2024

19,830

Provided during year

(5,695

)

Balance at 31 October 2025

14,135

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary Class A

1

2

2

2

Ordinary Class B

1

2

2

4

4

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

The Report of the Auditors was unqualified.

Craig Hunter (Senior Statutory Auditor)

for and on behalf of S&W Audit

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.