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REGISTERED NUMBER: SC039354 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

STRAID FARMS LIMITED

STRAID FARMS LIMITED (REGISTERED NUMBER: SC039354)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STRAID FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Miss C E Drummond





REGISTERED OFFICE: Straid Farm
Lendalfoot
Girvan
Ayrshire
KA26 0JF





REGISTERED NUMBER: SC039354 (Scotland)





ACCOUNTANTS: Galbraith Pritchards
20 Barns Street
Ayr
Ayrshire
KA7 1XA

STRAID FARMS LIMITED (REGISTERED NUMBER: SC039354)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,019,338 594,429
Investments 5 25 25
1,019,363 594,454

CURRENT ASSETS
Stocks 119,669 132,724
Debtors 6 176,080 144,271
Investments 7 4,880,619 5,013,328
Cash at bank 98,694 189,925
5,275,062 5,480,248
CREDITORS
Amounts falling due within one year 8 389,489 462,042
NET CURRENT ASSETS 4,885,573 5,018,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,904,936

5,612,660

PROVISIONS FOR LIABILITIES 176,682 82,576
NET ASSETS 5,728,254 5,530,084

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Revaluation reserve 9 39,079 39,079
Retained earnings 5,669,175 5,471,005
5,728,254 5,530,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

STRAID FARMS LIMITED (REGISTERED NUMBER: SC039354)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 23 August 2024 and were signed by:





Miss C E Drummond - Director


STRAID FARMS LIMITED (REGISTERED NUMBER: SC039354)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Straid Farms 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 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.
Freehold property - not provided
Improvements to property - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Tractors and combines - 20% on 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.

FINANCIAL INSTRUMENTS
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

STRAID FARMS LIMITED (REGISTERED NUMBER: SC039354)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

INVESTMENTS
Investments are valued at fair value. The gain or loss is taken to the profit and loss account. Income from investments is accounted for on the date which it falls due for receipt.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 70,862 762,852 1,452,760
Additions - 55,850 516,100
Disposals - - (17,335 )
At 31 March 2024 70,862 818,702 1,951,525
DEPRECIATION
At 1 April 2023 - 604,095 1,150,572
Charge for year - 5,297 121,589
Eliminated on disposal - - (9,643 )
At 31 March 2024 - 609,392 1,262,518
NET BOOK VALUE
At 31 March 2024 70,862 209,310 689,007
At 31 March 2023 70,862 158,757 302,188

STRAID FARMS LIMITED (REGISTERED NUMBER: SC039354)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures Tractors
and Motor and
fittings vehicles combines Totals
£    £    £    £   
COST
At 1 April 2023 5,464 64,251 150,956 2,507,145
Additions - - - 571,950
Disposals - - - (17,335 )
At 31 March 2024 5,464 64,251 150,956 3,061,760
DEPRECIATION
At 1 April 2023 4,222 37,934 115,893 1,912,716
Charge for year 187 5,263 7,013 139,349
Eliminated on disposal - - - (9,643 )
At 31 March 2024 4,409 43,197 122,906 2,042,422
NET BOOK VALUE
At 31 March 2024 1,055 21,054 28,050 1,019,338
At 31 March 2023 1,242 26,317 35,063 594,429

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 25
NET BOOK VALUE
At 31 March 2024 25
At 31 March 2023 25

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 110,049 88,268
Other debtors 66,031 56,003
176,080 144,271

7. CURRENT ASSET INVESTMENTS
31/3/24 31/3/23
£    £   
Corporate bond funds 4,880,619 5,013,328

STRAID FARMS LIMITED (REGISTERED NUMBER: SC039354)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 404,888 48,041
Taxation and social security (64,495 ) 119,727
Other creditors 49,096 294,274
389,489 462,042

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 39,079