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Strathdon Ranch Limited

Financial Statements for the Year Ended 31 October 2023






Strathdon Ranch Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: A J Wagg
K Wagg





REGISTERED OFFICE: Culquoich House
Glenkindie
Aberdeenshire
AB33 8SU





REGISTERED NUMBER: SC644921 (Scotland)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Strathdon Ranch Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Strathdon Ranch Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Strathdon Ranch Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Strathdon Ranch Limited and state those matters that we have agreed to state to the Board of Directors of Strathdon Ranch Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Strathdon Ranch Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Strathdon Ranch 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 profit of Strathdon Ranch Limited. You consider that Strathdon Ranch Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Strathdon Ranch 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.






BPU Limited
Chartered Accountants


30 July 2024

Strathdon Ranch Limited (Registered number: SC644921)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 831,702 3,501,336

CURRENT ASSETS
Stocks 83,200 76,500
Debtors 4 25,951 1,093
Cash at bank 342,497 347,585
451,648 425,178
CREDITORS
Amounts falling due within one year 5 962,769 1,047,026
NET CURRENT LIABILITIES (511,121 ) (621,848 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,581

2,879,488

CREDITORS
Amounts falling due after more than
one year

6

26,199

2,832,387
NET ASSETS 294,382 47,101

CAPITAL AND RESERVES
Called up share capital 400 400
Revaluation reserve 8 74,611 -
Retained earnings 219,371 46,701
294,382 47,101

Strathdon Ranch Limited (Registered number: SC644921)

Balance Sheet - continued
31 October 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





A J Wagg - Director


Strathdon Ranch Limited (Registered number: SC644921)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Strathdon Ranch Limited (Registered number: SC644921)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


1. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 November 2022 3,420,016 56,991 21,388 26,500 3,524,895
Additions - 1,867 - - 1,867
Disposals (2,720,211 ) - - (18,500 ) (2,738,711 )
Revaluations 74,611 - - - 74,611
Reclassification/transfer 25,584 (32,655 ) - - (7,071 )
At 31 October 2023 800,000 26,203 21,388 8,000 855,591
DEPRECIATION
At 1 November 2022 - 9,374 8,482 5,703 23,559
Charge for year - 8,148 2,581 1,875 12,604
Eliminated on disposal - - - (5,203 ) (5,203 )
Reclassification/transfer - (7,071 ) - - (7,071 )
At 31 October 2023 - 10,451 11,063 2,375 23,889
NET BOOK VALUE
At 31 October 2023 800,000 15,752 10,325 5,625 831,702
At 31 October 2022 3,420,016 47,617 12,906 20,797 3,501,336

Strathdon Ranch Limited (Registered number: SC644921)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


3. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 October 2023 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2023 74,611 - - - 74,611
Cost 725,389 26,203 21,388 8,000 780,980
800,000 26,203 21,388 8,000 855,591

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors & prepayments 25,951 1,093

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,649 9,707
Trade creditors 13,984 10,578
Taxes & social security costs 81,099 17,140
Other creditors & accruals 857,037 1,009,601
962,769 1,047,026

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 26,199 2,832,387

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan - 2,800,000

Strathdon Ranch Limited (Registered number: SC644921)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


8. RESERVES
Revaluation
reserve
£   
Transfer of reserve 74,611

At 31 October 2023 74,611