Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false22023-02-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC243165 2023-02-01 2024-03-31 SC243165 2022-02-01 2023-01-31 SC243165 2024-03-31 SC243165 2023-01-31 SC243165 c:Director1 2023-02-01 2024-03-31 SC243165 c:Director2 2023-02-01 2024-03-31 SC243165 c:RegisteredOffice 2023-02-01 2024-03-31 SC243165 d:Buildings 2023-02-01 2024-03-31 SC243165 d:Buildings 2024-03-31 SC243165 d:Buildings 2023-01-31 SC243165 d:CurrentFinancialInstruments 2024-03-31 SC243165 d:CurrentFinancialInstruments 2023-01-31 SC243165 d:Non-currentFinancialInstruments 2024-03-31 SC243165 d:Non-currentFinancialInstruments 2023-01-31 SC243165 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC243165 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 SC243165 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC243165 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 SC243165 d:ShareCapital 2024-03-31 SC243165 d:ShareCapital 2023-01-31 SC243165 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC243165 d:RetainedEarningsAccumulatedLosses 2023-01-31 SC243165 c:OrdinaryShareClass1 2023-02-01 2024-03-31 SC243165 c:OrdinaryShareClass1 2024-03-31 SC243165 c:OrdinaryShareClass1 2023-01-31 SC243165 c:FRS102 2023-02-01 2024-03-31 SC243165 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-03-31 SC243165 c:FullAccounts 2023-02-01 2024-03-31 SC243165 c:PrivateLimitedCompanyLtd 2023-02-01 2024-03-31 SC243165 e:PoundSterling 2023-02-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC243165










INNES FARMS (SCOTLAND) LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
INNES FARMS (SCOTLAND) LIMITED
 

COMPANY INFORMATION


DIRECTORS
S O Innes 
N Innes 




REGISTERED NUMBER
SC243165



REGISTERED OFFICE
Cairnhill Office
Cairnhill

Huntly

Aberdeenshire

AB54 4RD




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
INNES FARMS (SCOTLAND) LIMITED
REGISTERED NUMBER: SC243165

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 January
2024
2023
£
£

FIXED ASSETS
  

Tangible assets
  
1,561,049
1,544,799

  
1,561,049
1,544,799

CURRENT ASSETS
  

Cash at bank and in hand
  
1,103
94,000

Debtors: amounts falling due within one year
  
40,764
-

  
41,867
94,000

Creditors: amounts falling due within one year
  
(1,522,548)
(1,649,421)

NET CURRENT LIABILITIES
  
 
 
(1,480,681)
 
 
(1,555,421)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
80,368
(10,622)

Creditors: amounts falling due after more than one year
  
(58,750)
-

  

NET ASSETS/(LIABILITIES)
  
21,618
(10,622)


CAPITAL AND RESERVES
  

Called up share capital 
  
2
2

Profit and loss account
  
21,616
(10,624)

  
21,618
(10,622)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2024.




S O Innes
N Innes
Page 1

 
INNES FARMS (SCOTLAND) LIMITED
REGISTERED NUMBER: SC243165

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

Director
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
INNES FARMS (SCOTLAND) LIMITED
 

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

1.


GENERAL INFORMATION

Innes Farms (Scotland) Limited is a private company, limited by shares, incorporated in Scotland with registration number SC243165. The registered office is Cairnhill Office, Cairnhill, Huntly, Aberdenshire, AB54 4RD.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
INNES FARMS (SCOTLAND) LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)


2.4
TANGIBLE FIXED ASSETS (CONTINUED)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).


4.


TANGIBLE FIXED ASSETS







Freehold property

£



COST OR VALUATION


At 1 February 2023
1,544,799


Additions
16,250



At 31 March 2024

1,561,049






NET BOOK VALUE



At 31 March 2024
1,561,049



At 31 January 2023
1,544,799


5.


DEBTORS

31 March
31 January
2024
2023
£
£


Other debtors
40,764
-

40,764
-


Page 4

 
INNES FARMS (SCOTLAND) LIMITED
 

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

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31 March
31 January
2024
2023
£
£

Bank loans
51,759
163,267

Trade creditors
-
1

Other creditors
1,469,289
1,485,293

Accruals and deferred income
1,500
860

1,522,548
1,649,421



7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31 March
31 January
2024
2023
£
£

Bank loans
58,750
-

58,750
-



8.


SHARE CAPITAL

31 March
31 January
2024
2023
£
£
AUTHORISED, ALLOTTED, CALLED UP AND FULLY PAID



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



Page 5