Company Registration No. 02302862 (England and Wales)
Demball Limited
Financial statements
for the year ended 31 December 2025
Pages for filing with the registrar
Demball Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
Demball Limited
Statement of financial position
As at 31 December 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
1,014,650
1,014,650
Current assets
Debtors
4
1,021,362
1,028,507
Cash at bank and in hand
8,726
8,724
1,030,088
1,037,231
Creditors: amounts falling due within one year
5
(7,000)
(3,800)
Net current assets
1,023,088
1,033,431
Net assets
2,037,738
2,048,081
Capital and reserves
Called up share capital
6
2,000,000
2,000,000
Profit and loss reserves
37,738
48,081
Total equity
2,037,738
2,048,081

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 21 July 2026 and are signed on its behalf by:
Naoto Ono
Director
Company Registration No. 02302862
Demball Limited
Notes to the financial statements
For the year ended 31 December 2025
2
1
Accounting policies
Company information

Demball Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Charterhouse Square, Fc33, London, EC1M 6EU.

1.1
Accounting convention

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 subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure 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 a mounts in these financial statements are rounded to the nearest £.

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

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

The company has taken advantage of the exemption available in section 414B of the Companies Act 2006 not to prepare a Strategic Report.

1.2
Going concern

The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons.true

The company is a holding company which holds shares in Ben Nevis Distillery (Fort William) Limited and the company is dependent on the successful trading of its subsidiary.

The directors of Ben Nevis Distillery (Fort William) Limited have prepared forecasts for at least 12 months from the date of approval of these financial statements.

Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

1.4
Cash at bank and in hand

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.

Demball Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
3
1.5
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 its financial instruments.

Financial instruments are recognised in the company's statement of financial position 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 net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Employees

The average monthly number of persons employed by the company (excluding the directors) during the year was:

2025
2024
Number
Number
Total
0
0
Demball Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
4
3
Fixed asset investments
2025
2024
£
£
Investments
1,014,650
1,014,650
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 January 2025 and 31 December 2025
1,014,650
Carrying amount
At 31 December 2025
1,014,650
At 31 December 2024
1,014,650
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,021,361
1,028,506
Other debtors
1
1
1,021,362
1,028,507
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
7,000
3,800
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2,000,000
2,000,000
2,000,000
2,000,000
Demball Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
5
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Senior Statutory Auditor:
Matthew Allan
Statutory Auditors:
Azets Audit Services
8
Parent company

The company's immediate parent undertaking is The Nikka Whisky Distilling Co. Ltd, a company incorporated in Japan. The ultimate holding company and controlling party is The Asahi Group Holdings Limited, a company incorporated in Japan. Copies of the financial statements of The Asahi Group Holdings Limited may be obtained from 23-1 Azumabashi 1-Chome, Sumida-ku, Tokyo 130-8602, Japan.

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