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REGISTERED NUMBER: SC305469 (Scotland)











































Edgerston Trading (2006) Limited

Unaudited Financial Statements

for the Year Ended 31st March 2023






Edgerston Trading (2006) Limited (Registered number: SC305469)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Edgerston Trading (2006) Limited

Company Information
for the year ended 31st March 2023







Directors: J A De Gier
Mrs A K De Gier
I H J M Van Waesberghe





Registered office: Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL





Business address: Edgerston House
Camptown
Jedburgh
Roxburghshire
TD8 6NF





Registered number: SC305469 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Edgerston Trading (2006) Limited (Registered number: SC305469)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 2,076,333 2,076,709
Investments 6 51 51
2,076,384 2,076,760

Current assets
Stocks 223,970 242,440
Debtors 7 22,008 23,494
Cash at bank 39,006 48,889
284,984 314,823
Creditors
Amounts falling due within one year 8 6,206,073 5,804,043
Net current liabilities (5,921,089 ) (5,489,220 )
Total assets less current liabilities (3,844,705 ) (3,412,460 )

Creditors
Amounts falling due after more than one
year

9

1,952,244

1,952,244
Net liabilities (5,796,949 ) (5,364,704 )

Capital and reserves
Called up share capital 2 2
Retained earnings (5,796,951 ) (5,364,706 )
Shareholders' funds (5,796,949 ) (5,364,704 )

Edgerston Trading (2006) Limited (Registered number: SC305469)

Balance Sheet - continued
31st March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th October 2023 and were signed on its behalf by:





J A De Gier - Director


Edgerston Trading (2006) Limited (Registered number: SC305469)

Notes to the Financial Statements
for the year ended 31st March 2023

1. Statutory information

Edgerston Trading (2006) Limited 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year. Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Basic payment entitlements have been fully amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Woodlands - not provided
Land - not provided
Property improvements - 25% on cost and 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Tractor - 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, loans, accruals and directors' loans.

The loan is initially measured at the undiscounted amount of the cash expected to be paid. Due to the fact that there are no fixed repayment terms a discounting rate has not been applied.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


Edgerston Trading (2006) Limited (Registered number: SC305469)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings 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.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern
The continued trading of the company is dependent on the future support of one of the directors through his loan account. The director has confirmed that he will continue to support the company throughout the coming year. The accounts have therefore been prepared on the going concern basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

4. Intangible fixed assets
Basic
payment
entitlements
£   
Cost
At 1st April 2022
and 31st March 2023 101,146
Amortisation
At 1st April 2022
and 31st March 2023 101,146
Net book value
At 31st March 2023 -
At 31st March 2022 -

Edgerston Trading (2006) Limited (Registered number: SC305469)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

5. Tangible fixed assets
Property
Woodlands Land improvements
£    £    £   
Cost
At 1st April 2022 312,885 1,350,000 209,745
Additions - - -
Disposals - - -
At 31st March 2023 312,885 1,350,000 209,745
Depreciation
At 1st April 2022 - - 24,674
Charge for year - - 13,190
Eliminated on disposal - - -
At 31st March 2023 - - 37,864
Net book value
At 31st March 2023 312,885 1,350,000 171,881
At 31st March 2022 312,885 1,350,000 185,071

Plant and Motor
machinery vehicles Tractor Totals
£    £    £    £   
Cost
At 1st April 2022 317,158 96,259 132,350 2,418,397
Additions 41,029 34,275 - 75,304
Disposals (16,750 ) (14,375 ) - (31,125 )
At 31st March 2023 341,437 116,159 132,350 2,462,576
Depreciation
At 1st April 2022 199,055 32,842 85,117 341,688
Charge for year 20,809 6,242 19,465 59,706
Eliminated on disposal (7,963 ) (7,188 ) - (15,151 )
At 31st March 2023 211,901 31,896 104,582 386,243
Net book value
At 31st March 2023 129,536 84,263 27,768 2,076,333
At 31st March 2022 118,103 63,417 47,233 2,076,709

6. Fixed asset investments
Other
investments
£   
Cost
At 1st April 2022
and 31st March 2023 51
Net book value
At 31st March 2023 51
At 31st March 2022 51

Edgerston Trading (2006) Limited (Registered number: SC305469)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 10,141 10,141
Other debtors 11,867 13,353
22,008 23,494

8. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 3,155 1,000
Other creditors 6,202,918 5,803,043
6,206,073 5,804,043

9. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 1,952,244 1,952,244

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Trust loan 1,952,244 1,952,244