Company Registration No. SC027258 (Scotland)
BROTHERTON ESTATES LIMITED.
Unaudited accounts
for the year ended 31 March 2024
BROTHERTON ESTATES LIMITED.
Unaudited accounts
Contents
BROTHERTON ESTATES LIMITED.
Company Information
for the year ended 31 March 2024
Director
CHARLES DAVID ALEXANDER
Secretary
BURNETT & REID LLP
Company Number
SC027258 (Scotland)
Registered Office
SUITE A, GROUND FLOOR
9 QUEENS ROAD
ABERDEEN
AB15 4YL
SCOTLAND
Accountants
Brand Jamieson & Co Ltd
2 Victoria Place
Rutherglen
Glasgow
G73 2JP
BROTHERTON ESTATES LIMITED.
Statement of financial position
as at 31 March 2024
Tangible assets
16,122,826
15,779,922
Inventories
64,771
114,169
Cash at bank and in hand
240,776
380,923
Creditors: amounts falling due within one year
(168,319)
(123,332)
Net current assets
162,606
487,285
Total assets less current liabilities
16,285,432
16,267,207
Creditors: amounts falling due after more than one year
(40,668)
(106,198)
Provisions for liabilities
Deferred tax
(3,438,965)
(3,438,965)
Net assets
12,805,799
12,722,044
Called up share capital
276,125
276,125
Share premium
65,025
65,025
Revaluation reserve
10,316,895
10,316,895
Profit and loss account
2,147,754
2,063,999
Shareholders' funds
12,805,799
12,722,044
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 August 2024 and were signed on its behalf by
CHARLES DAVID ALEXANDER
Director
Company Registration No. SC027258
BROTHERTON ESTATES LIMITED.
Notes to the Accounts
for the year ended 31 March 2024
BROTHERTON ESTATES LIMITED. is a private company, limited by shares, registered in Scotland, registration number SC027258. The registered office is SUITE A, GROUND FLOOR, 9 QUEENS ROAD, ABERDEEN, AB15 4YL, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance.
Motor vehicles
25% reducing balance.
This relates to the acquisition of a Single Farm Payment Entitlement which was due to finish in December 2012.
The cost was set off against the income received over the original period on the SFPE.
4
Intangible fixed assets
Other
BROTHERTON ESTATES LIMITED.
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
15,706,159
142,086
115,192
15,963,437
Additions
674,319
22,981
6,300
703,600
Disposals
(338,161)
-
-
(338,161)
At 31 March 2024
16,042,317
165,067
121,492
16,328,876
At 1 April 2023
-
106,462
77,053
183,515
Charge for the year
2,759
8,791
10,985
22,535
At 31 March 2024
2,759
115,253
88,038
206,050
At 31 March 2024
16,039,558
49,814
33,454
16,122,826
At 31 March 2023
15,706,159
35,624
38,139
15,779,922
Amounts falling due within one year
7
Investments held as current assets
2024
2023
Unlisted investments
2,482
2,482
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
59,000
52,000
Obligations under finance leases and hire purchase contracts
5,507
11,013
Trade creditors
20,105
13,281
Taxes and social security
22,071
25,014
Loans from directors
38,523
(1,477)
BROTHERTON ESTATES LIMITED.
Notes to the Accounts
for the year ended 31 March 2024
9
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
5,507
10
Transactions with related parties
The director has loaned money to the company with no fixed date for repayment.
At the year end the loan amounted to £38,523 . ( 2023 £1477 overdrawn , now fully repaid).
There is no ultimate controlling single party but 100% of the issued share capital is under the control of the Alexander family.
12
Average number of employees
During the year the average number of employees was 3 (2023: 4).