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REGISTERED NUMBER: SC322478 (Scotland)
















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

New Hall Stud Ltd.

New Hall Stud Ltd. (Registered number: SC322478)






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


New Hall Stud Ltd.

Company Information
for the Year Ended 30 November 2023







DIRECTOR: James Gordon Thom





SECRETARY: Vera Thom





REGISTERED OFFICE: Barbieston Paddocks
By Ayr
Ayr
KA6 7EF





REGISTERED NUMBER: SC322478 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
Westburn Business Centre
McNee Road
Prestwick
KA9 2PB

New Hall Stud Ltd. (Registered number: SC322478)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,590 257,812
Investment property 5 325,000 -
328,590 257,812

CURRENT ASSETS
Cash at bank 20,732 16,616

CREDITORS
Amounts falling due within one year 6 12,756 2,709
NET CURRENT ASSETS 7,976 13,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,566

271,719

PROVISIONS FOR LIABILITIES 13,568 -
NET ASSETS 322,998 271,719

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable fair value
reserve 7 57,844 -
Retained earnings 265,054 271,619
SHAREHOLDERS' FUNDS 322,998 271,719

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 director acknowledges his 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.

New Hall Stud Ltd. (Registered number: SC322478)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





James Gordon Thom - Director


New Hall Stud Ltd. (Registered number: SC322478)

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

1. STATUTORY INFORMATION

New Hall Stud Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Going concern
The director reviews the requirements of the company on a regular basis to ensure sufficient resources are available to meet commitments as they fall due. Having carried out this review the director is satisfied that the accounts may be prepared on a going concern basis.

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 - 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

Impairment of fixed assets
At each reporting date, the company reviews the carrying amounts of its tangible and intangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

New Hall Stud Ltd. (Registered number: SC322478)

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

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 December 2022 253,588 20,379 273,967
Reclassification (253,588 ) - (253,588 )
At 30 November 2023 - 20,379 20,379
DEPRECIATION
At 1 December 2022 - 16,155 16,155
Charge for year - 634 634
At 30 November 2023 - 16,789 16,789
NET BOOK VALUE
At 30 November 2023 - 3,590 3,590
At 30 November 2022 253,588 4,224 257,812

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 71,412
Reclassification 253,588
At 30 November 2023 325,000
NET BOOK VALUE
At 30 November 2023 325,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 71,412
Cost 253,588
325,000

Investment property was valued on an open market basis on 30 November 2023 by Galbraith Group. .

New Hall Stud Ltd. (Registered number: SC322478)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 954 989
Other creditors 11,802 1,720
12,756 2,709

7. RESERVES
Non-distributable
fair
value
reserve
£   
Revaluation adjustment 57,844

At 30 November 2023 57,844

8. RELATED PARTY DISCLOSURES

As at 30 November 2023 the company owed £428 (2022: £422) to the director. This loan is interest free,
unsecured and has no fixed repayment terms.

9. CONTROLLING PARTY

Mr and Mrs J G Thom are in control of the company by virtue of their 100% ownership of the issued share capital.