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REGISTERED NUMBER: SC017235 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Brisbane Glen Estate Company, Limited

Brisbane Glen Estate Company, Limited (Registered number: SC017235)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brisbane Glen Estate Company, Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: O R Wardrop
H M Wardrop





SECRETARY: O R Wardrop





REGISTERED OFFICE: North Drummilling
West Kilbride
Ayrshire
KA23 9PR





REGISTERED NUMBER: SC017235 (Scotland)





ACCOUNTANTS: MacMillan Craig
Chartered Accountants
100 Brand Street
Glasgow
G51 1DG

Brisbane Glen Estate Company, Limited (Registered number: SC017235)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 904,360 995,925
Investments 5 92,152 92,152
996,512 1,088,077

CURRENT ASSETS
Stocks 459,820 428,490
Debtors 6 40,288 152,328
Cash at bank and in hand 283,316 328,163
783,424 908,981
CREDITORS
Amounts falling due within one year 7 339,051 321,559
NET CURRENT ASSETS 444,373 587,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,440,885

1,675,499

PROVISIONS FOR LIABILITIES 102,000 117,000
NET ASSETS 1,338,885 1,558,499

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Capital redemption reserve 258,043 258,043
Retained earnings 1,060,842 1,280,456
SHAREHOLDERS' FUNDS 1,338,885 1,558,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Brisbane Glen Estate Company, Limited (Registered number: SC017235)

Balance Sheet - continued
30 November 2023


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 16 August 2024 and were signed on its behalf by:





H M Wardrop - Director


Brisbane Glen Estate Company, Limited (Registered number: SC017235)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Brisbane Glen Estate Company, Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Turnover
Turnover represents sales of livestock and farm produce and related subsidies.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 20% on cost and over 25 years

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
The company receives grants and subsidies as assistance towards its trading activities. These are credited to the profit & loss account.

Brisbane Glen Estate Company, Limited (Registered number: SC017235)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Group accounts
Consolidated accounts for the company and its subsidiary, Carlung Estate Company Limited, have not been prepared as, in the opinion of the directors the company is entitled to the exemption from preparing group financial statements conferred by the provisions of the Companies Act 2006.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 608,321 1,979,737 2,588,058
Additions - 67,210 67,210
Disposals - (15,525 ) (15,525 )
At 30 November 2023 608,321 2,031,422 2,639,743
DEPRECIATION
At 1 December 2022 228,652 1,363,481 1,592,133
Charge for year 12,167 146,608 158,775
Eliminated on disposal - (15,525 ) (15,525 )
At 30 November 2023 240,819 1,494,564 1,735,383
NET BOOK VALUE
At 30 November 2023 367,502 536,858 904,360
At 30 November 2022 379,669 616,256 995,925

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 92,152
NET BOOK VALUE
At 30 November 2023 92,152
At 30 November 2022 92,152

Brisbane Glen Estate Company, Limited (Registered number: SC017235)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 33,780 99,514
VAT 763 44,095
Prepayments and accrued income 5,745 8,719
40,288 152,328

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 4,991 23,150
Amounts owed to group undertakings 300,273 260,273
Tax - 3,510
Social security and other taxes 939 615
Directors' current accounts 12,125 12,125
Accrued expenses 20,723 21,886
339,051 321,559

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, O and H Wardrop.

10. GOVERNMENT GRANTS

Government subsidies and grants credited to profit and loss account amounted to £278,575 (2022 £280,585).