Gin Bothy Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Gin Bothy Limited is a private company, limited by shares, incorporated in Scotland, registered number SC501575 . The registered office is Bothy Distillery, Glen Prosen, Angus, DD8 4SD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

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 usefule life. The estimated useful lives range as follows:

Patents - 10 years
Other intangible assets - 10 years

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Leasehold	0%
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

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Gin Bothy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.8. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 18 (2024: 19)

4. Intangible Assets

	Other	Intellectual Property	Total
	£	£	£
Cost
As at 1 January 2025	9,700	34,976	44,676

As at 31 December 2025	9,700	34,976	44,676

Amortisation
As at 1 January 2025	6,548	21,872	28,420
Provided during the period	970	3,325	4,295

As at 31 December 2025	7,518	25,197	32,715

Net Book Value
As at 31 December 2025	2,182	9,779	11,961

As at 1 January 2025	3,152	13,104	16,256

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Gin Bothy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2025	14,219	77,183	19,695	60,023
Additions	-	2,117	-	3,270

As at 31 December 2025	14,219	79,300	19,695	63,293

Depreciation
As at 1 January 2025	-	39,993	11,387	43,592
Provided during the period	-	9,827	2,077	4,811

As at 31 December 2025	-	49,820	13,464	48,403

Net Book Value
As at 31 December 2025	14,219	29,480	6,231	14,890

As at 1 January 2025	14,219	37,190	8,308	16,431


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2025	16,792	187,912
Additions	4,488	9,875

As at 31 December 2025	21,280	197,787

Depreciation
As at 1 January 2025	10,972	105,944
Provided during the period	1,673	18,388

As at 31 December 2025	12,645	124,332

Net Book Value
As at 31 December 2025	8,635	73,455

As at 1 January 2025	5,820	81,968

6. Stocks

	2025	2024
	£	£
Work in progress	302,205	253,844

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Gin Bothy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	31,044	34,299
Other debtors	51,195	26,451

	82,239	60,750
Due after more than one year
Other debtors	10,819	-

	93,058	60,750

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	3,233	10,658
Trade creditors	33,943	89,408
Bank loans and overdrafts	11,736	57,237
Other creditors	3,130	3,231
Taxation and social security	34,491	7,975

	86,533	168,509

The bank loan is secured by a floating charge covering all the property or undertaking of the company.

Obligations under hire purchase contracts are secured against the related asset.

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	28,610	37,700
Amounts owed to group undertakings	935,610	531,192

	964,220	568,892

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	3,233	10,658

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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Gin Bothy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Miss Kim Cameron	5,009	32,055	-	-	37,064

The above loan is unsecured, interest free and repayable on demand.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		11,961		16,256
Tangible Assets	5		73,455		81,968

			85,416		98,224
CURRENT ASSETS
Stocks	6	302,205		253,844
Debtors	7	93,058		60,750
Cash at bank and in hand		42,210		29,507

		437,473		344,101
Creditors: Amounts Falling Due Within One Year	8	(86,533 )		(168,509 )

NET CURRENT ASSETS (LIABILITIES)			350,940		175,592

TOTAL ASSETS LESS CURRENT LIABILITIES			436,356		273,816

Creditors: Amounts Falling Due After More Than One Year	9		(964,220 )		(568,892 )

NET LIABILITIES			(527,864 )		(295,076 )

CAPITAL AND RESERVES
Called up share capital	11		1		1
Profit and Loss Account			(527,865 )		(295,077 )

SHAREHOLDERS' FUNDS			(527,864)		(295,076)