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REGISTERED NUMBER: SC334280 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

FORTHLAND (UK) LTD

FORTHLAND (UK) LTD (REGISTERED NUMBER: SC334280)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORTHLAND (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTOR: I Wilson





SECRETARY: Mrs E K Wilson





REGISTERED OFFICE: Balnoon
Forgue
Huntly
Aberdeenshire
AB54 6DH





REGISTERED NUMBER: SC334280 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
71 Charleston Road North
Cove
Aberdeen
Aberdeenshire
AB12 3SZ

FORTHLAND (UK) LTD (REGISTERED NUMBER: SC334280)

BALANCE SHEET
30 NOVEMBER 2022

30.11.22 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 406,236 404,981

CURRENT ASSETS
Stocks 2,400 4,600
Debtors 5 2,830 2,478
Cash at bank 3,628 3,822
8,858 10,900
CREDITORS
Amounts falling due within one year 6 461,871 429,092
NET CURRENT LIABILITIES (453,013 ) (418,192 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,777

)

(13,211

)

CREDITORS
Amounts falling due after more than one
year

7

146,626

172,360
NET LIABILITIES (193,403 ) (185,571 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (193,405 ) (185,573 )
SHAREHOLDERS' FUNDS (193,403 ) (185,571 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FORTHLAND (UK) LTD (REGISTERED NUMBER: SC334280)

BALANCE SHEET - continued
30 NOVEMBER 2022


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 director and authorised for issue on 13 November 2023 and were signed by:





I Wilson - Director


FORTHLAND (UK) LTD (REGISTERED NUMBER: SC334280)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1. STATUTORY INFORMATION

Forthland (UK) 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.
Land and buildings - not provided
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.

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 year 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 year was 1 (2021 - 1 ) .

FORTHLAND (UK) LTD (REGISTERED NUMBER: SC334280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2021 383,183 66,906 450,089
Additions - 2,400 2,400
At 30 November 2022 383,183 69,306 452,489
DEPRECIATION
At 1 December 2021 - 45,108 45,108
Charge for year - 1,145 1,145
At 30 November 2022 - 46,253 46,253
NET BOOK VALUE
At 30 November 2022 383,183 23,053 406,236
At 30 November 2021 383,183 21,798 404,981

The Bank of Scotland holds a standard security over the property at Drakemyre Farm, Forgue, Huntly.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Trade debtors - 99
Other debtors 2,830 2,379
2,830 2,478

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Bank loans and overdrafts 30,564 30,564
Hire purchase contracts 185 2,410
Trade creditors 429,717 394,713
Taxation and social security 142 142
Other creditors 1,263 1,263
461,871 429,092

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.22 30.11.21
£    £   
Bank loans 146,626 172,360

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 24,370 50,104