Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31false2022-08-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC456867 2022-08-01 2023-07-31 SC456867 2021-08-01 2022-07-31 SC456867 2023-07-31 SC456867 2022-07-31 SC456867 c:Director1 2022-08-01 2023-07-31 SC456867 c:Director2 2022-08-01 2023-07-31 SC456867 c:RegisteredOffice 2022-08-01 2023-07-31 SC456867 d:Buildings 2022-08-01 2023-07-31 SC456867 d:Buildings 2023-07-31 SC456867 d:Buildings 2022-07-31 SC456867 d:CurrentFinancialInstruments 2023-07-31 SC456867 d:CurrentFinancialInstruments 2022-07-31 SC456867 d:Non-currentFinancialInstruments 2023-07-31 SC456867 d:Non-currentFinancialInstruments 2022-07-31 SC456867 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC456867 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 SC456867 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 SC456867 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 SC456867 d:ShareCapital 2023-07-31 SC456867 d:ShareCapital 2022-07-31 SC456867 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC456867 d:RetainedEarningsAccumulatedLosses 2022-07-31 SC456867 c:OrdinaryShareClass1 2022-08-01 2023-07-31 SC456867 c:OrdinaryShareClass1 2023-07-31 SC456867 c:OrdinaryShareClass1 2022-07-31 SC456867 c:FRS102 2022-08-01 2023-07-31 SC456867 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 SC456867 c:FullAccounts 2022-08-01 2023-07-31 SC456867 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC456867 6 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC456867










BALMIRMER FARMS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

 
BALMIRMER FARMS LIMITED
 

COMPANY INFORMATION


DIRECTORS
D M Fairlie 
C E Fairlie 




REGISTERED NUMBER
SC456867



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
BALMIRMER FARMS LIMITED
REGISTERED NUMBER: SC456867

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
£
£

FIXED ASSETS
  

Tangible assets
 4 
53,341
53,341

Investments
 5 
50
50

  
53,391
53,391

CURRENT ASSETS
  

Debtors
 6 
1,229,663
1,275,351

Cash at bank and in hand
  
2,793
4,792

  
1,232,456
1,280,143

Creditors: amounts falling due within one year
 7 
(65,410)
(69,992)

NET CURRENT ASSETS
  
 
 
1,167,046
 
 
1,210,151

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,220,437
1,263,542

Creditors: amounts falling due after more than one year
 8 
(422,700)
(476,529)

  

NET ASSETS
  
797,737
787,013


CAPITAL AND RESERVES
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
796,737
786,013

  
797,737
787,013


Page 1

 
BALMIRMER FARMS LIMITED
REGISTERED NUMBER: SC456867

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

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 7 February 2024.



D M Fairlie
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BALMIRMER FARMS LIMITED
 

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

1.


GENERAL INFORMATION

Balmirmer Farms Limited is a private company, limited by shares, incorporated in Scotland with the registration number SC456867. The registered office is Westby, 64 West High Street, Forfar, Tayside, DD8 1BJ.  The principal trading address is West Balmirmer, Arbroath, Angus, DD11 2PN.
The financial statements are presented in Sterling, which is the functional currency of the Company and 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 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

COMPANY'S BUSINESS

The company's business is farming through participation in the partnership of Balmirmer Farms.
Income comprises the company's share in the partnership profits each year. The book value of the company's interest in the partnership comprises the balance standing 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

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, as follows.

Depreciation is provided on the following basis:

Heritable property
-
0%

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.

Page 3

 
BALMIRMER FARMS LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

VALUATION OF INVESTMENTS

Investments held as fixed assets are shown at cost less provision for impairment.

 
2.6

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.

 
2.7

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 2 (2022 - 2).


4.


TANGIBLE FIXED ASSETS





Heritable property

£



COST OR VALUATION


At 1 August 2022
53,341



At 31 July 2023

53,341






NET BOOK VALUE



At 31 July 2023
53,341



At 31 July 2022
53,341

Page 4

 
BALMIRMER FARMS LIMITED
 

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

5.


FIXED ASSET INVESTMENTS





Investments in associates

£



COST OR VALUATION


At 1 August 2022
50



At 31 July 2023
50





6.


DEBTORS

2023
2022
£
£

DUE AFTER MORE THAN ONE YEAR

Due from participating interests
459,153
522,585

Capital account balance in related partnership of Balmirmer Farms
670,000
625,000

1,129,153
1,147,585

DUE WITHIN ONE YEAR

Amounts owed by participating interests
98,453
127,414

Current account balance in related partnership of Balmirmer Farms
2,057
352

1,229,663
1,275,351



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
59,768
65,708

Other creditors
49
97

Accruals and deferred income
5,593
4,187

65,410
69,992


The bank loan is secured in favour of HSBC bank who hold a bond and floating charge over the land held in the related partnership of Balmirmer Farms.

Page 5

 
BALMIRMER FARMS LIMITED
 

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

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
422,700
476,529

422,700
476,529


The bank loan is secured in favour of HSBC bank who hold a bond and floating charge over the land held in the related partnership of Balmirmer Farms.


9.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



Page 6