Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302022-05-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC285355 2022-05-01 2023-04-30 SC285355 2021-05-01 2022-04-30 SC285355 2023-04-30 SC285355 2022-04-30 SC285355 c:CompanySecretary1 2022-05-01 2023-04-30 SC285355 c:Director1 2022-05-01 2023-04-30 SC285355 c:Director2 2022-05-01 2023-04-30 SC285355 c:RegisteredOffice 2022-05-01 2023-04-30 SC285355 d:PlantMachinery 2022-05-01 2023-04-30 SC285355 d:PlantMachinery 2023-04-30 SC285355 d:PlantMachinery 2022-04-30 SC285355 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 SC285355 d:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 SC285355 d:OtherPropertyPlantEquipment 2023-04-30 SC285355 d:OtherPropertyPlantEquipment 2022-04-30 SC285355 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 SC285355 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 SC285355 d:CurrentFinancialInstruments 2023-04-30 SC285355 d:CurrentFinancialInstruments 2022-04-30 SC285355 d:Non-currentFinancialInstruments 2023-04-30 SC285355 d:Non-currentFinancialInstruments 2022-04-30 SC285355 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC285355 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 SC285355 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 SC285355 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 SC285355 d:ShareCapital 2023-04-30 SC285355 d:ShareCapital 2022-04-30 SC285355 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC285355 d:RetainedEarningsAccumulatedLosses 2022-04-30 SC285355 c:FRS102 2022-05-01 2023-04-30 SC285355 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 SC285355 c:FullAccounts 2022-05-01 2023-04-30 SC285355 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure
Registered number: SC285355










PRETTYCUR FARMS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

 
PRETTYCUR FARMS LIMITED
 

COMPANY INFORMATION


DIRECTORS
A N Sanger 
Mrs W V J Sanger 




COMPANY SECRETARY
Mrs W V J Sanger



REGISTERED NUMBER
SC285355



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants LLP
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
PRETTYCUR FARMS LIMITED
REGISTERED NUMBER: SC285355

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
£
£

FIXED ASSETS
  

Tangible assets
 4 
377,640
352,263

Investments
 5 
50
50

  
377,690
352,313

CURRENT ASSETS
  

Debtors
 6 
101,034
22,170

Cash at bank and in hand
  
17,225
15,708

  
118,259
37,878

Creditors: amounts falling due within one year
 7 
(281,055)
(244,653)

NET CURRENT LIABILITIES
  
 
 
(162,796)
 
 
(206,775)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
214,894
145,538

Creditors: amounts falling due after more than one year
 8 
(27,536)
(16,045)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(36,290)
(38,688)

  
 
 
(36,290)
 
 
(38,688)

NET ASSETS
  
151,068
90,805


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
150,968
90,705

  
151,068
90,805


Page 1

 
PRETTYCUR FARMS LIMITED
REGISTERED NUMBER: SC285355

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 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 income and retained earnings 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 September 2023.




A N Sanger
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PRETTYCUR FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


GENERAL INFORMATION

The company Prettycur Farms Limited by shares and incorporated in Scotland. The address of the registered office is Westby, 64 West High Street, Forfar, Tayside, DD8 1BJ and the company registration number is SC285355. The company's place of business is Prettycur Farm, Hillside, By Montrose, Angus, DD10 9EG. The company's functional and presentational currency is GBP.

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.

 
2.2

REVENUE

Revenue 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. Revenue 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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
PRETTYCUR FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
12.5% reducing balance
Tractors
-
12.5% reducing balance

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.

Page 4

 
PRETTYCUR FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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.

 
2.7

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position 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.

 
2.8

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 5

 
PRETTYCUR FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


TANGIBLE FIXED ASSETS





Plant & machinery
Tractors
Total

£
£
£



COST OR VALUATION


At 1 May 2022
254,350
202,500
456,850


Additions
5,250
198,500
203,750


Disposals
-
(162,500)
(162,500)



At 30 April 2023

259,600
238,500
498,100



DEPRECIATION


At 1 May 2022
57,125
47,462
104,587


Charge for the year on owned assets
25,319
28,641
53,960


Disposals
-
(38,087)
(38,087)



At 30 April 2023

82,444
38,016
120,460



NET BOOK VALUE



At 30 April 2023
177,156
200,484
377,640



At 30 April 2022
197,225
155,038
352,263


5.


FIXED ASSET INVESTMENTS





Trade investments

£





At 1 May 2022
50





6.


DEBTORS

2023
2022
£
£



Trade debtors
8,537
19,620

Other debtors
89,492
-

Prepayments and accrued income
3,005
2,550

101,034
22,170


Page 6

 
PRETTYCUR FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
2,652
1,186

Other taxation and social security
3,469
4,670

Obligations under finance lease and hire purchase contracts
14,241
3,617

Other creditors
258,893
233,580

Accruals and deferred income
1,800
1,600

281,055
244,653



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
21,250
3,617

Other creditors
6,286
12,428

27,536
16,045



Page 7