Company Registration No. SC205148 (Scotland)
Hyndshillend Farm Ltd
Unaudited accounts
for the year ended 31 March 2024
Hyndshillend Farm Ltd
Unaudited accounts
Contents
Hyndshillend Farm Ltd
Company Information
for the year ended 31 March 2024
Directors
M E Still
Mrs D A Still
Company Number
SC205148 (Scotland)
Registered Office
Hyndshawland Farm
Elsrickle
Biggar
South Lanarkshire
ML12 6RD
Accountants
Rosebery Accountants & Business Advisors
23 Melville Street
Edinburgh
EH3 7PE
Hyndshillend Farm Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
144,779
76,543
Cash at bank and in hand
304,749
215,922
Creditors: amounts falling due within one year
(65,937)
(44,348)
Net current assets
276,495
229,868
Total assets less current liabilities
421,274
306,411
Provisions for liabilities
Deferred tax
(35,975)
(14,176)
Net assets
385,299
292,235
Called up share capital
2
2
Profit and loss account
385,297
292,233
Shareholders' funds
385,299
292,235
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 directors acknowledge their 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 of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by
M E Still
Director
Company Registration No. SC205148
Hyndshillend Farm Ltd
Notes to the Accounts
for the year ended 31 March 2024
Hyndshillend Farm Ltd is a private company, limited by shares, registered in Scotland, registration number SC205148. The registered office is Hyndshawland Farm, Elsrickle, Biggar, South Lanarkshire, ML12 6RD.
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:
Land & buildings
Buildings - 4% straight line; Land - nil.
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
41,605
237,336
42,426
321,367
Additions
-
20,000
93,867
113,867
At 31 March 2024
41,605
257,336
136,293
435,234
At 1 April 2023
40,804
161,594
42,426
244,824
Charge for the year
801
26,056
18,774
45,631
At 31 March 2024
41,605
187,650
61,200
290,455
At 31 March 2024
-
69,686
75,093
144,779
At 31 March 2023
801
75,742
-
76,543
Hyndshillend Farm Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
28,937
10,778
Accrued income and prepayments
10,000
7,786
Other debtors
(1,254)
(270)
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
(1,319)
4,405
Taxes and social security
75,360
40,845
Loans from directors
(9,325)
(2,365)
The director's loan account was repaid in full within nine months of the end of the financial year.
8
Transactions with related parties
During the year the company paid rent of £7,500 (2023 - £7,500) to Mr M E Still. In addition, the company charged rent of £35,886 (2023 - £27,386) to Hyndshawland Farm Stables Ltd, a business jointly owned by Mr and Mrs Still.
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).