Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31false2022-07-18falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC738624 2022-07-17 SC738624 2022-07-18 2023-07-31 SC738624 2021-07-18 2022-07-17 SC738624 2023-07-31 SC738624 c:CompanySecretary1 2022-07-18 2023-07-31 SC738624 c:Director1 2022-07-18 2023-07-31 SC738624 c:Director1 2023-07-31 SC738624 c:Director2 2022-07-18 2023-07-31 SC738624 c:Director2 2023-07-31 SC738624 c:RegisteredOffice 2022-07-18 2023-07-31 SC738624 d:Buildings 2022-07-18 2023-07-31 SC738624 d:Buildings 2023-07-31 SC738624 d:Buildings d:OwnedOrFreeholdAssets 2022-07-18 2023-07-31 SC738624 d:PlantMachinery 2022-07-18 2023-07-31 SC738624 d:PlantMachinery 2023-07-31 SC738624 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-18 2023-07-31 SC738624 d:OwnedOrFreeholdAssets 2022-07-18 2023-07-31 SC738624 d:CurrentFinancialInstruments 2023-07-31 SC738624 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC738624 d:ShareCapital 2023-07-31 SC738624 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC738624 c:FRS102 2022-07-18 2023-07-31 SC738624 c:AuditExemptWithAccountantsReport 2022-07-18 2023-07-31 SC738624 c:FullAccounts 2022-07-18 2023-07-31 SC738624 c:PrivateLimitedCompanyLtd 2022-07-18 2023-07-31 SC738624 e:PoundSterling 2022-07-18 2023-07-31 iso4217:GBP xbrli:pure
Registered number: SC738624










ASHBROOK FARM LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

 
ASHBROOK FARM LIMITED
 

COMPANY INFORMATION


DIRECTORS
Catherine Elizabeth Stott (appointed 18 July 2022)
Stephen Alexander Stott (appointed 18 July 2022)




COMPANY SECRETARY
No company secretary



REGISTERED NUMBER
SC738624



REGISTERED OFFICE
Ashbrook House
Maryculter

Aberdeen

AB12 5GR




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
ASHBROOK FARM LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ASHBROOK FARM LIMITED
FOR THE PERIOD ENDED 31 JULY 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ashbrook Farm Limited for the period ended 31 July 2023 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Ashbrook Farm Limited, as a body, in accordance with the terms of our engagement letter dated 20 March 2024Our work has been undertaken solely to prepare for your approval the financial statements of Ashbrook Farm Limited and state those matters that we have agreed to state to the Board of directors of Ashbrook Farm Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashbrook Farm Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Ashbrook Farm Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ashbrook Farm Limited. You consider that Ashbrook Farm Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Ashbrook Farm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



EQ Accountants Limited
 
Chartered Accountants
  
Westby
64 West High Street
Forfar
Angus
DD8 1BJ
12 April 2024
Page 1

 
ASHBROOK FARM LIMITED
REGISTERED NUMBER: SC738624

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
£

FIXED ASSETS
  

Tangible assets
 4 
81,334

  
81,334

CURRENT ASSETS
  

Stocks
  
3,156

Debtors: amounts falling due within one year
 5 
12,037

Cash at bank and in hand
  
11,645

  
26,838

Creditors: amounts falling due within one year
 6 
(110,297)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(83,459)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(2,125)

  

NET (LIABILITIES)/ASSETS
  
(2,125)


CAPITAL AND RESERVES
  

Called up share capital 
  
2

Profit and loss account
  
(2,127)

  
(2,125)


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 period 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 11 April 2024.




Catherine Elizabeth Stott
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ASHBROOK FARM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


GENERAL INFORMATION

Ashbrook Farm Limited is limited by shares and incorporated in Scotland. The company's registered office and principle place of business is Ashbrook House, Maryculter, Aberdeen, Scotland, AB12 5GR.
The financial statements are presented in Sterling which is the functional currency of the company and are rounded to the nearest £. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
ASHBROOK FARM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
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

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:

Property improvements
-
4.0%
reducing balance
Plant and machinery
-
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.

 
2.5

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.

  
2.6

EU SUPPORT SCHEME

Income from the Basic Payment Scheme is not recognised until 31 December of the relevant scheme year, when all conditions of the sheme have been complied with. 


3.


EMPLOYEES




The average monthly number of employees, including directors, during the period was 2.

Page 4

 
ASHBROOK FARM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

4.


TANGIBLE FIXED ASSETS





Property Improvements
Plant and machinery
Total

£
£
£



COST OR VALUATION


Additions
84,090
695
84,785



At 31 July 2023

84,090
695
84,785



DEPRECIATION


Charge for the period on owned assets
3,364
87
3,451



At 31 July 2023

3,364
87
3,451



NET BOOK VALUE



At 31 July 2023
80,726
608
81,334


5.


DEBTORS

2023
£


Other debtors
12,037

12,037



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
£

Trade creditors
3,280

Other creditors
105,017

Accruals and deferred income
2,000

110,297



Page 5