Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-052023-04-05falseNo description of principal activity2022-04-0668truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC029499 2022-04-06 2023-04-05 SC029499 2021-04-06 2022-04-05 SC029499 2023-04-05 SC029499 2022-04-05 SC029499 c:CompanySecretary1 2022-04-06 2023-04-05 SC029499 c:Director1 2022-04-06 2023-04-05 SC029499 c:Director3 2022-04-06 2023-04-05 SC029499 c:Director4 2022-04-06 2023-04-05 SC029499 c:Director5 2022-04-06 2023-04-05 SC029499 c:Director6 2022-04-06 2023-04-05 SC029499 c:Director7 2022-04-06 2023-04-05 SC029499 c:RegisteredOffice 2022-04-06 2023-04-05 SC029499 d:PlantMachinery 2022-04-06 2023-04-05 SC029499 d:PlantMachinery 2023-04-05 SC029499 d:PlantMachinery 2022-04-05 SC029499 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 SC029499 d:MotorVehicles 2022-04-06 2023-04-05 SC029499 d:MotorVehicles 2023-04-05 SC029499 d:MotorVehicles 2022-04-05 SC029499 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 SC029499 d:FurnitureFittings 2022-04-06 2023-04-05 SC029499 d:FurnitureFittings 2023-04-05 SC029499 d:FurnitureFittings 2022-04-05 SC029499 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 SC029499 d:OtherPropertyPlantEquipment 2022-04-06 2023-04-05 SC029499 d:OtherPropertyPlantEquipment 2023-04-05 SC029499 d:OtherPropertyPlantEquipment 2022-04-05 SC029499 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 SC029499 d:OwnedOrFreeholdAssets 2022-04-06 2023-04-05 SC029499 d:CurrentFinancialInstruments 2023-04-05 SC029499 d:CurrentFinancialInstruments 2022-04-05 SC029499 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 SC029499 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-05 SC029499 d:ShareCapital 2023-04-05 SC029499 d:ShareCapital 2022-04-05 SC029499 d:RetainedEarningsAccumulatedLosses 2023-04-05 SC029499 d:RetainedEarningsAccumulatedLosses 2022-04-05 SC029499 c:OrdinaryShareClass1 2022-04-06 2023-04-05 SC029499 c:OrdinaryShareClass1 2023-04-05 SC029499 c:OrdinaryShareClass1 2022-04-05 SC029499 c:OrdinaryShareClass2 2022-04-06 2023-04-05 SC029499 c:OrdinaryShareClass2 2023-04-05 SC029499 c:OrdinaryShareClass2 2022-04-05 SC029499 c:FRS102 2022-04-06 2023-04-05 SC029499 c:AuditExempt-NoAccountantsReport 2022-04-06 2023-04-05 SC029499 c:FullAccounts 2022-04-06 2023-04-05 SC029499 c:PrivateLimitedCompanyLtd 2022-04-06 2023-04-05 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC029499










DUNDEE FARMING COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

 
DUNDEE FARMING COMPANY LIMITED
 

COMPANY INFORMATION


Directors
The Earl of Dundee 
Lady Flora Scrymgeour 
Lady Lavinia Scrymgeour 
David Llewellyn 
Lord Henry Scrymgeour 
Lady Marina Scrymgeour 




Company secretary
The Earl of Dundee



Registered number
SC029499



Registered office
Birkhill Estate Office
Birkhill

Cupar

Fife

KY15 4QP




Accountants
EQ Accountants LLP
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
DUNDEE FARMING COMPANY LIMITED
REGISTERED NUMBER:SC029499

STATEMENT OF FINANCIAL POSITION
AS AT 5 APRIL 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
397,318
339,107

Investments
 5 
50
50

  
397,368
339,157

Current assets
  

Stocks
  
8,000
8,000

Debtors: amounts falling due within one year
 6 
40,478
42,939

Cash at bank and in hand
  
14,027
80,320

  
62,505
131,259

Creditors: amounts falling due within one year
 7 
(184,733)
(113,019)

Net current (liabilities)/assets
  
 
 
(122,228)
 
 
18,240

Total assets less current liabilities
  
275,140
357,397

Provisions for liabilities
  

Deferred tax
  
(51,264)
(42,077)

  
 
 
(51,264)
 
 
(42,077)

Net assets
  
223,876
315,320


Capital and reserves
  

Called up share capital 
 8 
10,100
10,100

Profit And Loss Account
  
213,776
305,220

  
223,876
315,320


Page 1

 
DUNDEE FARMING COMPANY LIMITED
REGISTERED NUMBER:SC029499

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 5 APRIL 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 October 2023.




The Earl of Dundee
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DUNDEE FARMING COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1.


General information

The company is limited by shares and incorporated in Scotland. The address of the registered office is Birkhill Estate Office, Birkhill, Cupar, Fife, KY15 4QP.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
DUNDEE FARMING COMPANY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
12.5% reducing balance
Motor vehicles
-
20% reducing balance
Fixtures and fittings
-
20% reducing balance
Tenant's improvements
-
5% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 8).

Page 4

 
DUNDEE FARMING COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Tenant's improvements
Total

£
£
£
£
£



Cost or valuation


At 6 April 2022
144,423
59,981
52,581
524,830
781,815


Additions
6,676
1,000
-
89,419
97,095



At 5 April 2023

151,099
60,981
52,581
614,249
878,910



Depreciation


At 6 April 2022
80,576
49,700
46,909
265,523
442,708


Charge for the year on owned assets
8,816
2,256
1,133
26,679
38,884



At 5 April 2023

89,392
51,956
48,042
292,202
481,592



Net book value



At 5 April 2023
61,707
9,025
4,539
322,047
397,318



At 5 April 2022
63,847
10,281
5,672
259,307
339,107


5.


Fixed asset investments





Trade investments

£





At 6 April 2022
50





6.


Debtors

2023
2022
£
£


Trade debtors
7,161
17,096

Prepayments and accrued income
13,548
18,856

Other debtors
13,365
6,987

Tax recoverable
6,404
-

40,478
42,939


Page 5

 
DUNDEE FARMING COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
58,753
19,491

Accruals and deferred income
55,685
12,951

Other taxation and social security
3,674
12,493

Other creditors
36,621
36,191

Obligations under finance lease and hire purchase contracts
-
1,893

Other loans
30,000
30,000

184,733
113,019



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) ordinary shares of £1.00 each
100
100
10,000 (2022 - 10,000) 7% cumulative preference shares of £1.00 each
10,000
10,000

10,100

10,100


Page 6