GILI PICKLE LTD


Director	RANDALL, Margaret Diana Rowland


Registered Address	Whitmuir Farm
	Whitmuir
	West Linton
	EH46 7BB


Registered Number	SC808296 (Scotland)

Balance Sheet as at
30 April 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		-		32,404
			-		32,404
Current assets
Stocks		30,000		30,000
Debtors		-		30,644
Cash at bank and on hand		267		2,150
		30,267		62,794
Creditors amounts falling due within one year	4	(1,500)		(3,555)
Net current assets (liabilities)			28,767		59,239
Total assets less current liabilities			28,767		91,643
Creditors amounts falling due after one year	5		(82,402)		(145,278)
Net assets			(53,635)		(53,635)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(53,735)		(53,735)
Shareholders' funds			(53,635)		(53,635)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 29 June 2026, and are signed on its behalf by:

RANDALL, Margaret Diana Rowland
Director
Registered Company No. SC808296

GILI PICKLE LTD

Notes to the Financial Statements
for the year ended 30 April 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Related parties
	The company was dormant throughout the financial year. All trading activities were transferred to Whitmuir Farm with effect from 1 May 2025. The shop, being located on the farm, has since been incorporated into the wider trading operations of the farm and café. All equipment previously held by the company was transferred as part of this transition. The Monzo bank account previously held by the company has been accounted for within the Whitmuir Farm financial statements from 1 May 2025 onwards, as all transactions relating to the business occurred after the transfer date and form part of Whitmuir Farm’s trading activities. Accordingly, these transactions have not been reflected in the records of Gili Pickle Limited. No dividends were declared during the financial year. All liabilities and creditors of the company will be settled by the remaining shareholder and director, Margaret Randall.

Related parties

The company was dormant throughout the financial year. All trading activities were transferred to Whitmuir Farm with effect from 1 May 2025. The shop, being located on the farm, has since been incorporated into the wider trading operations of the farm and café. All equipment previously held by the company was transferred as part of this transition.

The Monzo bank account previously held by the company has been accounted for within the Whitmuir Farm financial statements from 1 May 2025 onwards, as all transactions relating to the business occurred after the transfer date and form part of Whitmuir Farm’s trading activities. Accordingly, these transactions have not been reflected in the records of Gili Pickle Limited.

No dividends were declared during the financial year. All liabilities and creditors of the company will be settled by the remaining shareholder and director, Margaret Randall.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		3

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 May 25	43,205	43,205
Disposals	(43,205)	(43,205)
Depreciation and impairment
At 01 May 25	10,801	10,801
On disposals	(10,801)	(10,801)
Net book value
At 30 April 26	-	-
At 30 April 25	32,404	32,404

4.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	-	2,055
Accrued liabilities and deferred income	1,500	1,500
Total	1,500	3,555

5.	Creditors: amounts due after one year

	2026	2025
	£	£
Amounts owed to related parties	82,402	145,278
Total	82,402	145,278