Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activitytruefalse2022-04-0122trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC256439 2022-04-01 2023-03-31 SC256439 2021-04-01 2022-03-31 SC256439 2023-03-31 SC256439 2022-03-31 SC256439 c:CompanySecretary1 2022-04-01 2023-03-31 SC256439 c:Director1 2022-04-01 2023-03-31 SC256439 c:Director2 2022-04-01 2023-03-31 SC256439 c:RegisteredOffice 2022-04-01 2023-03-31 SC256439 d:CurrentFinancialInstruments 2023-03-31 SC256439 d:CurrentFinancialInstruments 2022-03-31 SC256439 d:Non-currentFinancialInstruments 2023-03-31 SC256439 d:Non-currentFinancialInstruments 2022-03-31 SC256439 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC256439 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC256439 d:ShareCapital 2023-03-31 SC256439 d:ShareCapital 2022-03-31 SC256439 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC256439 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC256439 c:OrdinaryShareClass1 2022-04-01 2023-03-31 SC256439 c:OrdinaryShareClass1 2023-03-31 SC256439 c:OrdinaryShareClass1 2022-03-31 SC256439 c:FRS102 2022-04-01 2023-03-31 SC256439 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC256439 c:FullAccounts 2022-04-01 2023-03-31 SC256439 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC256439










BRAKE FARM (DUNINO) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
BRAKE FARM (DUNINO) LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr C N Raeside 
Mrs F M R Raeside 




COMPANY SECRETARY
Mrs F M R Raeside



REGISTERED NUMBER
SC256439



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





 
BRAKE FARM (DUNINO) LIMITED
REGISTERED NUMBER: SC256439

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due after more than one year
 3 
187,181
175,672

  
187,181
175,672

Creditors: amounts falling due within one year
 4 
(4,099)
(3,154)

NET CURRENT ASSETS
  
 
 
183,082
 
 
172,518

TOTAL ASSETS LESS CURRENT LIABILITIES
  
183,082
172,518

  

NET ASSETS
  
183,082
172,518


CAPITAL AND RESERVES
  

Called up share capital 
 5 
2
2

Profit and loss account
  
183,080
172,516

  
183,082
172,518


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 13 November 2023.




Mr C N Raeside
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
BRAKE FARM (DUNINO) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


GENERAL INFORMATION

Brake Farm (Dunino) Limited is a company limited by shares and is registered in Scotland. The registered office is Westby, 64 West High Street, Forfar, DD8 1BJ and the principal place of business is Brake Farm, Dunino, St Andrews, KY16 8LZ.

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

COMANY'S BUSINESS

The company's business is farming through its participation in the partnership Messrs C N Raeside. Income comprises of the company's share in the partnerships profits and losses each year. The book value of interest in the partnership comprises of the balance to its credit on the current and capital accounts in the books of that business.

 
2.3

TAXATION

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

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.

Page 2

 
BRAKE FARM (DUNINO) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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.


DEBTORS


DUE AFTER MORE THAN ONE YEAR

Due from participating interests
187,181
175,672

187,181
175,672



4.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Other creditors
2,839
1,894

Accruals and deferred income
1,260
1,260

4,099
3,154



5.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



Page 3