Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activity1true2022-04-01false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC241496 2022-04-01 2023-03-31 SC241496 2021-04-01 2022-03-31 SC241496 2023-03-31 SC241496 2022-03-31 SC241496 c:CompanySecretary1 2022-04-01 2023-03-31 SC241496 c:Director1 2022-04-01 2023-03-31 SC241496 c:RegisteredOffice 2022-04-01 2023-03-31 SC241496 d:CurrentFinancialInstruments 2023-03-31 SC241496 d:CurrentFinancialInstruments 2022-03-31 SC241496 d:Non-currentFinancialInstruments 2023-03-31 SC241496 d:Non-currentFinancialInstruments 2022-03-31 SC241496 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC241496 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC241496 d:ShareCapital 2023-03-31 SC241496 d:ShareCapital 2022-03-31 SC241496 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC241496 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC241496 c:FRS102 2022-04-01 2023-03-31 SC241496 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC241496 c:FullAccounts 2022-04-01 2023-03-31 SC241496 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: SC241496










TEMPLETON FARMS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
TEMPLETON FARMS LIMITED
 

COMPANY INFORMATION


DIRECTOR
WJR Knox 




COMPANY SECRETARY
Mrs O G Knox



REGISTERED NUMBER
SC241496



REGISTERED OFFICE
Westby
64 West High Street

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants LLP

Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
TEMPLETON FARMS LIMITED
REGISTERED NUMBER: SC241496

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£

  

Current assets
  

Debtors
 4 
645,300
574,534

  
645,300
574,534

Creditors: amounts falling due within one year
 5 
(17,498)
(14,624)

Net current assets
  
 
 
627,802
 
 
559,910

Total assets less current liabilities
  
627,802
559,910

  

Net assets
  
627,802
559,910


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
627,702
559,810

  
627,802
559,910


The director considers 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 director acknowledges his 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 23 November 2023.




WJR Knox
Director

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

Page 1

 
TEMPLETON FARMS LIMITED
 

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

1.


GENERAL INFORMATION

Templeton farm Limited, is a private company, limited by shares, incorporated in Scotland with registration number SC241496. The registered office is Westby, 64 West High Street, Forfar, Angus, DD8 1BJ.

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

Turnover

Turnover 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. Turnover 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

Turnover 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

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

 
TEMPLETON FARMS 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.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


DEBTORS

2023
2022
£
£

Due after more than one year

Capital account in related partnership of WJR & OG Knox
600,000
530,000

600,000
530,000

Due within one year

Current account in related partnership of WJR & OG Knox
45,300
44,534

645,300
574,534



5.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
16,933
14,059

Other creditors
565
565

17,498
14,624



Page 3