Company registration number SC012977 (Scotland)
CULFARGIE ESTATES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
CULFARGIE ESTATES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 14
CULFARGIE ESTATES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
9
22,846,310
21,166,318
Breeding herd
10
167,557
175,244
Investments
11
6,983
6,817
23,020,850
21,348,379
Current assets
Stocks
12
956,948
692,083
Debtors
13
288,049
266,660
Cash at bank and in hand
9,182
175,916
1,254,179
1,134,659
Creditors: amounts falling due within one year
14
(393,365)
(241,029)
Net current assets
860,814
893,630
Total assets less current liabilities
23,881,664
22,242,009
Creditors: amounts falling due after more than one year
15
(350,000)
(350,000)
Provisions for liabilities
(3,811,172)
(3,387,537)
Net assets
19,720,492
18,504,472
Capital and reserves
Called up share capital
16
42,500
42,500
Revaluation reserve
14,880,863
13,720,141
Parent company loan
6,960,000
6,485,000
Profit and loss reserves
(2,162,871)
(1,743,169)
Total equity
19,720,492
18,504,472

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

CULFARGIE ESTATES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 5 September 2023 and are signed on its behalf by:
B W P Kaye
Director
Company Registration No. SC012977
CULFARGIE ESTATES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
Share capital
Revaluation reserve
Parent company loan
Profit and loss reserves
Total
£
£
£
£
£
Balance at 1 April 2021
42,500
13,720,141
6,060,000
(1,265,829)
18,556,812
Year ended 31 March 2022:
Loss and total comprehensive income for the year
-
-
-
(477,340)
(477,340)
Loan drawdown
-
-
425,000
-
425,000
Balance at 31 March 2022
42,500
13,720,141
6,485,000
(1,743,169)
18,504,472
Year ended 31 March 2023:
Loss and total comprehensive income for the year
-
(386,906)
-
(419,702)
(806,608)
Revaluation of tangible fixed assets
-
1,547,628
-
-
1,547,628
Loan drawdown
-
-
475,000
-
475,000
Balance at 31 March 2023
42,500
14,880,863
6,960,000
(2,162,871)
19,720,492
CULFARGIE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
1
Accounting policies
Company information

Culfargie Estates Limited is a private company limited by shares incorporated in Scotland. The registered office is Tarrylaw, Balbeggie, Perth, United Kingdom, PH2 6HJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis as an undertaking has been received from all directors of all group companies that they have no present intention of enforcing payment of the outstanding balances on their loan accounts. true

 

In addition, the parent company has confirmed that it will continue to provide financial assistance as is required to allow the company to trade for at least twelve months from the date that the financial statements are signed by the Board.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not depreciated
Plant and equipment
5% - 25% reducing balance
Motor vehicles
20% - 25% reducing balance

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.

CULFARGIE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 5 -

Depreciation is provided on leased assets to write off the value less estimated residual value over the lease periods on a reducing balance basis. No provision for depreciation is made for hertiable property. It is the company's policy to maintain its properties in good condition. Costs of repairs and maintenance are charged against revenue in the year in which they are incurred.

 

Heritable property is professionally valued with sufficient regularity and stated at fair value at the balance sheet date.

 

Biological assets are held at deemed cost, based on historical purchase prices. None of the herd held in fixed assets are depreciated as they are all deemed to have a constant value across their useful lives.

1.5
Fixed asset investments

Unquoted investments are included at cost less any provision for permanent diminution in value.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

Stocks are valued at a conservative market value. It is the opinion of the directors that the net realisable value is not less than this.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CULFARGIE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 6 -
1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention 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.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CULFARGIE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 7 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.14
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

CULFARGIE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 8 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover and other revenue

An analysis of the company's turnover is as follows:

2023
2022
£
£
Turnover analysed by class of business
Farming
2,263,981
2,026,098
Property Investments
176,050
188,102
2,440,031
2,214,200
2023
2022
£
£
Other revenue
Interest income
166
162
4
Operating (loss)/profit
2023
2022
Operating (loss)/profit for the year is stated after charging:
£
£
Auditor's remuneration - audit fees
13,840
12,900
Auditor's remuneration - non audit fees
3,850
6,200
Depreciation of owned tangible fixed assets
218,410
169,423
Loss/(profit) on disposal of tangible fixed assets
1,486
(60,506)
Government grants
(252,316)
(251,234)
5
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Office and management
2
2
Farm workers
9
9
Total
11
11
CULFARGIE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 9 -
6
Directors' remuneration

Three directors received emoluments totalling £27,472 (2022: £32,251) and the company contributed £nil (2022: £nil) to their pensions.

7
Interest payable and similar expenses
2023
2022
£
£
Interest on bank overdrafts and loans
16,666
9,720
Interest on finance leases and hire purchase contracts
1,911
2,395
18,577
12,115
8
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
(115,582)
(69,174)
Adjustments in respect of prior periods
1,233
-
0
Total current tax
(114,349)
(69,174)
Deferred tax
Origination and reversal of timing differences
423,635
897,811
Total tax charge
309,286
828,637
CULFARGIE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
8
Taxation
(Continued)
- 10 -

The actual charge for the year can be reconciled to the expected (credit)/charge for the year based on the profit or loss and the standard rate of tax as follows:

2023
2022
£
£
(Loss)/profit before taxation
(497,322)
351,297
Expected tax (credit)/charge based on the standard rate of corporation tax in the UK of 19.00% (2022: 19.00%)
(94,491)
66,746
Tax effect of expenses that are not deductible in determining taxable profit
20,961
3,361
Tax effect of income not taxable in determining taxable profit
-
0
(15,393)
Adjustments in respect of prior years
1,233
(1,233)
Group relief
115,582
67,942
Fixed asset differences
(14,139)
(37,855)
Remeasurement of deferred tax for changes in tax rates
101,673
813,009
2022 surrender to Tay and Torridon Estates Limited
-
0
(5,321)
2022 surrender to Teniwood Securities Limited
-
0
(62,619)
2023 surrender to Tay & Torridon Estates
(115,582)
-
0
Chargeable gains/(losses)
294,049
-
0
Taxation charge for the year
309,286
828,637
9
Tangible fixed assets
Heritable property
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2022
19,869,460
2,177,851
221,971
22,269,282
Additions
25,563
337,088
-
0
362,651
Disposals
-
0
(40,242)
-
0
(40,242)
Revaluation
1,547,628
-
0
-
0
1,547,628
At 31 March 2023
21,442,651
2,474,697
221,971
24,139,319
Depreciation and impairment
At 1 April 2022
-
0
922,544
180,420
1,102,964
Depreciation charged in the year
-
0
211,994
6,416
218,410
Eliminated in respect of disposals
-
0
(28,365)
-
0
(28,365)
At 31 March 2023
-
0
1,106,173
186,836
1,293,009
Carrying amount
At 31 March 2023
21,442,651
1,368,524
35,135
22,846,310
At 31 March 2022
19,869,460
1,255,307
41,551
21,166,318
CULFARGIE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
9
Tangible fixed assets
(Continued)
- 11 -

The company's heritable property was revalued on an open market basis by an independent firm of Chartered Surveyors as at 31 March 2023. There was an increase in value of £1,547,628 in the value of the property.

 

The historic cost of the land and buildings is £3,361,875 (2022 - £3,336,312).

 

The company's heritable property is considered to have a high residual value and a useful economic life in excess of fifty years. It is the directors' policy to maintain the buildings in a continual state of sound repair and accordingly the depreciation charge is considered immaterial and no charge has therefore been made.

 

An impairment review is carried out on all tangible fixed assets on an annual basis. Such a review has been performed and in the directors' opinion the market value and residual value of all tangible fixed assets is in excess of the carrying value and there is no impairment.

 

Biological assets are held at deemed cost, based on historical purchase prices. None of the herd held in the fixed assets are depreciated as they are all deemed to have a constant value across their useful lives.

 

Included in plant and equipment are assets financed under hire purchase with a net book value of £nil (2022: £59,851) and a depreciation charge of £nil (2022: £13,984).

10
Breeding Herd
2023
£
At 1 April 2022
175,244
(Decrease) in value
(7,687)
At 31 March 2023
167,557
11
Fixed asset investments
2023
2022
£
£
Other investments other than loans
6,983
6,817
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2022
6,817
Additions
166
At 31 March 2023
6,983
Carrying amount
At 31 March 2023
6,983
At 31 March 2022
6,817

No listed investments were held by the company at 31 March 2023 or 31 March 2022.

CULFARGIE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 12 -
12
Stocks
2023
2022
£
£
Cattle
281,940
211,780
Sheep
595
-
0
Crops
363,655
285,665
Sundry
310,758
194,638
956,948
692,083
13
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
13,419
11,954
Other debtors
132,914
159,443
Prepayments and accrued income
141,716
95,263
288,049
266,660
14
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
61,224
50,000
Obligations under finance leases
-
0
40,445
Trade creditors
181,889
135,047
Corporation tax
(115,582)
(69,174)
Other creditors
192,193
19,961
Accruals and deferred income
73,641
64,750
393,365
241,029
CULFARGIE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
14
Creditors: amounts falling due within one year
(Continued)
- 13 -

The company meets its working capital requirements through an overdraft facility, which is secured over all of the property and assets and is repayable on demand. The company is currently operating within an overdraft facility of £100,000, which is due for review on 1 September 2023. The current borrowing facilities consist of a £100,000 overdraft facility and a term loan of £600,000.

 

The term loan is repayable seven years after it was drawn down in 2017, with annual repayments of £50,000 followed by a final balances instralment due in 2024. At the year end, £400,000 (2022: £400,000) was outstanding and included in creditors. Bank borrowing is secured by a bond and floating charge over the assets of the company.

 

The directors are satisfied that the current facilities, when combined with support of other group companies, are at a sufficient level to allow the company to meet its short term liabilities for a period of at least twelve months from the date that the financial statements are signed by the Board. Bank borrowing is secured by a bond and floating charge over the assets of the company.

 

An undertaking has been recieved from directors of all group companies confirming that they have no present intention of enforcing repayment of the outstanding balances on their inter-company loan accounts for a period of at least twelve months from the date that the financial statements are signed by the Board.

15
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
350,000
350,000

The bank term loan is secured by a bond and floating charge over all of the assets of the company. The loan is repayable in June 2024.

16
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
42,500
42,500
42,500
42,500
17
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Nick Bennett ACA
Statutory Auditor:
Azets Audit Services
18
Capital commitments

The company had capital committments for property improvements of £nil (2022: £94,474).

CULFARGIE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 14 -
19
Related party transactions
Transactions with related parties

The parent company has advanced a loan for an indeterminate period of time at a nil rate of interest, repayable in part or in whole at the sole discretion of the company.

 

Under FRS 102, intercompany loans where the terms of the relationship between the company and its parent company resembles equity rather than debt, should be classified accordingly. The directors consider the substance of the loan agreement between the company and the parent company to be that of equity and have classified the loan as equity, rather than debt.

20
Parent company

The immediate and ultimate parent undertaking is Iowa Land Company Limited, a company incorporated in England. At the year end, and throughout the year, Iowa Land Company Limited owned all the share capital of the company. Group accounts for Iowa Land Company Limited are available to the public on payment of the appropriate fee, from Companies Registration Office, Companies House, Crown Way, Cardiff, CF14 3UZ.

 

The company has taken advantage of the exemption under FRS 102 Section 33 from the requirement to dislcose information of the transactions with the entities that are part of the group on the basis that consolidated group financial statements are publically available. true

2023-03-312022-04-01false06 September 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityThis audit opinion is unqualifiedB W P KayeN F McGowanE McLarenC CarnegieSC0129772022-04-012023-03-31SC0129772023-03-31SC0129772022-03-31SC012977core:LandBuildingscore:OwnedOrFreeholdAssets2023-03-31SC012977core:PlantMachinery2023-03-31SC012977core:MotorVehicles2023-03-31SC012977core:LandBuildingscore:OwnedOrFreeholdAssets2022-03-31SC012977core:PlantMachinery2022-03-31SC012977core:MotorVehicles2022-03-31SC012977core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-31SC012977core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-31SC012977core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-31SC012977core:Non-currentFinancialInstrumentscore:AfterOneYear2022-03-31SC012977core:CurrentFinancialInstruments2023-03-31SC012977core:CurrentFinancialInstruments2022-03-31SC012977core:ShareCapital2023-03-31SC012977core:ShareCapital2022-03-31SC012977core:RevaluationReserve2023-03-31SC012977core:RevaluationReserve2022-03-31SC012977core:OtherReservesSubtotal2023-03-31SC012977core:OtherReservesSubtotal2022-03-31SC012977core:RetainedEarningsAccumulatedLosses2023-03-31SC012977core:RetainedEarningsAccumulatedLosses2022-03-31SC012977core:ShareCapital2021-03-31SC012977core:RevaluationReserve2021-03-31SC012977core:OtherReservesSubtotal2021-03-31SC012977core:RetainedEarningsAccumulatedLosses2021-03-31SC0129772021-03-31SC012977core:RetainedEarningsAccumulatedLosses2021-04-012022-03-31SC0129772021-04-012022-03-31SC012977core:OtherReservesSubtotal2021-04-012022-03-31SC012977core:RevaluationReserve2022-04-012023-03-31SC012977core:RetainedEarningsAccumulatedLosses2022-04-012023-03-31SC012977core:OtherReservesSubtotal2022-04-012023-03-31SC012977core:LandBuildingscore:OwnedOrFreeholdAssets2022-04-012023-03-31SC012977core:PlantMachinery2022-04-012023-03-31SC012977core:MotorVehicles2022-04-012023-03-31SC012977core:UKTax2022-04-012023-03-31SC012977core:UKTax2021-04-012022-03-31SC01297712022-04-012023-03-31SC01297712021-04-012022-03-31SC01297722022-04-012023-03-31SC01297722021-04-012022-03-31SC01297732022-04-012023-03-31SC01297732021-04-012022-03-31SC01297742022-04-012023-03-31SC01297742021-04-012022-03-31SC01297752022-04-012023-03-31SC01297752021-04-012022-03-31SC01297762022-04-012023-03-31SC01297762021-04-012022-03-31SC012977core:LandBuildingscore:OwnedOrFreeholdAssets2022-03-31SC012977core:PlantMachinery2022-03-31SC012977core:MotorVehicles2022-03-31SC0129772022-03-31SC012977core:Non-currentFinancialInstruments2023-03-31SC012977core:Non-currentFinancialInstruments2022-03-31SC012977bus:PrivateLimitedCompanyLtd2022-04-012023-03-31SC012977bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC012977bus:FRS1022022-04-012023-03-31SC012977bus:Audited2022-04-012023-03-31SC012977bus:Director12022-04-012023-03-31SC012977bus:Director22022-04-012023-03-31SC012977bus:Director32022-04-012023-03-31SC012977bus:CompanySecretary12022-04-012023-03-31SC012977bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP