Silverfin false false 30/11/2025 01/12/2024 30/11/2025 Josh Barton 18/11/2019 Thomas Dale 12/04/2024 17 August 2026 The principal activity of the company during the year continued to be that of the production of oat drink. SC647407 2025-11-30 SC647407 bus:Director1 2025-11-30 SC647407 bus:Director2 2025-11-30 SC647407 2024-11-30 SC647407 core:CurrentFinancialInstruments 2025-11-30 SC647407 core:CurrentFinancialInstruments 2024-11-30 SC647407 core:Non-currentFinancialInstruments 2025-11-30 SC647407 core:Non-currentFinancialInstruments 2024-11-30 SC647407 core:ShareCapital 2025-11-30 SC647407 core:ShareCapital 2024-11-30 SC647407 core:SharePremium 2025-11-30 SC647407 core:SharePremium 2024-11-30 SC647407 core:RetainedEarningsAccumulatedLosses 2025-11-30 SC647407 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC647407 core:OtherResidualIntangibleAssets 2024-11-30 SC647407 core:OtherResidualIntangibleAssets 2025-11-30 SC647407 core:PlantMachinery 2024-11-30 SC647407 core:ComputerEquipment 2024-11-30 SC647407 core:PlantMachinery 2025-11-30 SC647407 core:ComputerEquipment 2025-11-30 SC647407 bus:OrdinaryShareClass1 2025-11-30 SC647407 2024-12-01 2025-11-30 SC647407 bus:FilletedAccounts 2024-12-01 2025-11-30 SC647407 bus:SmallEntities 2024-12-01 2025-11-30 SC647407 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 SC647407 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 SC647407 bus:Director1 2024-12-01 2025-11-30 SC647407 bus:Director2 2024-12-01 2025-11-30 SC647407 core:OtherResidualIntangibleAssets core:TopRangeValue 2024-12-01 2025-11-30 SC647407 core:OtherResidualIntangibleAssets 2024-12-01 2025-11-30 SC647407 core:PlantMachinery 2024-12-01 2025-11-30 SC647407 core:ComputerEquipment core:TopRangeValue 2024-12-01 2025-11-30 SC647407 2023-12-01 2024-11-30 SC647407 core:ComputerEquipment 2024-12-01 2025-11-30 SC647407 core:CurrentFinancialInstruments 2024-12-01 2025-11-30 SC647407 core:Non-currentFinancialInstruments 2024-12-01 2025-11-30 SC647407 bus:OrdinaryShareClass1 2024-12-01 2025-11-30 SC647407 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC647407 (Scotland)

# OAT SCOTLAND LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH THE REGISTRAR

OAT SCOTLAND LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025

Contents

OAT SCOTLAND LTD

## BALANCE SHEET

AS AT 30 NOVEMBER 2025
OAT SCOTLAND LTD

## BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 1,783 |  | 2,080
Tangible assets | 4 | 111,916 |  | 123,246
|  | 113,699 |  | 125,326
Current assets |  |  |  |
Stocks |  | 20,895 |  | 17,104
Debtors | 5 | 14,502 |  | 11,859
Cash at bank and in hand |  | 452 |  | 13,998
|  | 35,849 |  | 42,961
Creditors: amounts falling due within one year | 6 | ( 420,866) |  | ( 224,615)
Net current liabilities |  | (385,017) |  | (181,654)
Total assets less current liabilities |  | (271,318) |  | (56,328)
Creditors: amounts falling due after more than one year | 7 | ( 115,333) |  | ( 116,041)
Net liabilities |  | ( 386,651) |  | ( 172,369)
Capital and reserves |  |  |  |
Called-up share capital | 8 | 300 |  | 300
Share premium account |  | 164,927 |  | 164,927
Profit and loss account |  | ( 551,878 ) |  | ( 337,596 )
Total shareholders' deficit |  | ( 386,651) |  | ( 172,369)

For the financial year ending 30 November 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Oat Scotland Ltd (registered number: SC647407) were approved and authorised for issue by the Board of Directors on 17 August 2026. They were signed on its behalf by:

Josh Barton Director |

OAT SCOTLAND LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025
OAT SCOTLAND LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Oat Scotland Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is The Mart, Station Road, East Linton, EH40 3DN, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £386,651. The Company is supported through loans from the directors and shareholders. The directors and shareholders have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of the oat drinks is recognised when the goods are physically delivered to the customer.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost of each asset over its expected useful life as follows:

Other intangible assets | 10 years straight line

###### Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 25 % reducing balance
Computer equipment | 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and includes cash in hand and deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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 and cash and bank balances, 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.
A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 10 |  | 8

#### 3. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 December 2024 | 2,972 |  | 2,972
At 30 November 2025 | 2,972 |  | 2,972
Accumulated amortisation |  |  |
At 01 December 2024 | 892 |  | 892
Charge for the financial year | 297 |  | 297
At 30 November 2025 | 1,189 |  | 1,189
Net book value |  |  |
At 30 November 2025 | 1,783 |  | 1,783
At 30 November 2024 | 2,080 |  | 2,080

#### 4. Tangible assets

| Plant and machinery |  | Computer equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 December 2024 | 153,178 |  | 2,191 |  | 155,369
Additions | 21,601 |  | 0 |  | 21,601
At 30 November 2025 | 174,779 |  | 2,191 |  | 176,970
Accumulated depreciation |  |  |  |  |
At 01 December 2024 | 30,348 |  | 1,775 |  | 32,123
Charge for the financial year | 32,717 |  | 214 |  | 32,931
At 30 November 2025 | 63,065 |  | 1,989 |  | 65,054
Net book value |  |  |  |  |
At 30 November 2025 | 111,714 |  | 202 |  | 111,916
At 30 November 2024 | 122,830 |  | 416 |  | 123,246

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 8,277 |  | 6,912
Other debtors | 6,225 |  | 4,947
| 14,502 |  | 11,859

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 94,016 |  | 42,676
Other taxation and social security | 25,955 |  | 12,184
Obligations under finance leases and hire purchase contracts (secured) | 15,840 |  | 13,515
Other creditors | 285,055 |  | 156,240
| 420,866 |  | 224,615

Obligations under hire purchase contracts are secured over the assets to which they relate.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts (secured) | 49,597 |  | 65,208
Other creditors | 65,736 |  | 50,833
| 115,333 |  | 116,041

Obligations under hire purchase contracts are secured over the assets to which they relate.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
300 Ordinary shares of £ 1.00 each | 300 |  | 300

#### 9. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 20,959 |  | 30,316

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to directors | 74,780 |  | 22,300

The above transactions are interest free and have no fixed terms of repayment.

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts owed to shareholders | 198,925 |  | 97,842

The above transactions are interest free and have no fixed terms of repayment.