REGISTERED NUMBER: SC835181 (Scotland)

WHISKY VAULTS PROPCO LTD

Financial Statements for the Period 23 January 2025 to 31 January 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R de Sylva

J Doherty

REGISTERED OFFICE:

3/1 84 Miller Street

Glasgow

G1 1DT

REGISTERED NUMBER:

SC835181 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Tangible assets

4

718,711

CURRENT ASSETS

Cash at bank

19,882

CREDITORS

Amounts falling due within one year

5

22,758

NET CURRENT LIABILITIES

(2,876

)

TOTAL ASSETS LESS CURRENT LIABILITIES

715,835

CREDITORS

Amounts falling due after more than one year

6

466,036

NET ASSETS

249,799

CAPITAL AND RESERVES

Called up share capital

200

Share premium

228,711

Retained earnings

20,888

249,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2026 and were signed on its behalf by:

J R de Sylva - Director

J Doherty - Director

1.	STATUTORY INFORMATION

Whisky Vaults Propco Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

10% depreciation on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

The company is not registered for VAT.

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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

Additions

389,138

329,573

718,711

At 31 January 2026

389,138

329,573

718,711

NET BOOK VALUE

At 31 January 2026

389,138

329,573

718,711

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

21,798

Other creditors

960

22,758

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

465,146

Other creditors

890

466,036

7.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

486,944

The Royal Bank of Scotland PLC hold a charge over all and whole the subjects formerly known as the Rockport Hotel, Tweeddale Street, Oban, PA34 5DD now known as the Whisky Vaults Hotel, 3 Tweeddale Street, Oban, PA34 5D

8.	RELATED PARTY DISCLOSURES

Included within creditors falling due after one year are balances due to the directors totalling £890. There are no fixed repayment terms and no interest is charged on the balance.

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.