Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-052024-04-052023-04-06falsetruefalseNo description of principal activity66trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC029499 2023-04-06 2024-04-05 SC029499 2022-04-06 2023-04-05 SC029499 2024-04-05 SC029499 2023-04-05 SC029499 c:CompanySecretary1 2023-04-06 2024-04-05 SC029499 c:Director1 2023-04-06 2024-04-05 SC029499 c:Director3 2023-04-06 2024-04-05 SC029499 c:Director3 2024-04-05 SC029499 c:Director4 2023-04-06 2024-04-05 SC029499 c:Director4 2024-04-05 SC029499 c:Director5 2023-04-06 2024-04-05 SC029499 c:Director6 2023-04-06 2024-04-05 SC029499 c:Director7 2023-04-06 2024-04-05 SC029499 c:Director7 2024-04-05 SC029499 c:RegisteredOffice 2023-04-06 2024-04-05 SC029499 d:PlantMachinery 2023-04-06 2024-04-05 SC029499 d:PlantMachinery 2024-04-05 SC029499 d:PlantMachinery 2023-04-05 SC029499 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 SC029499 d:MotorVehicles 2023-04-06 2024-04-05 SC029499 d:MotorVehicles 2024-04-05 SC029499 d:MotorVehicles 2023-04-05 SC029499 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 SC029499 d:FurnitureFittings 2023-04-06 2024-04-05 SC029499 d:FurnitureFittings 2024-04-05 SC029499 d:FurnitureFittings 2023-04-05 SC029499 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 SC029499 d:OtherPropertyPlantEquipment 2023-04-06 2024-04-05 SC029499 d:OtherPropertyPlantEquipment 2024-04-05 SC029499 d:OtherPropertyPlantEquipment 2023-04-05 SC029499 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 SC029499 d:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 SC029499 d:CurrentFinancialInstruments 2024-04-05 SC029499 d:CurrentFinancialInstruments 2023-04-05 SC029499 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-05 SC029499 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 SC029499 d:ShareCapital 2024-04-05 SC029499 d:ShareCapital 2023-04-05 SC029499 d:RetainedEarningsAccumulatedLosses 2024-04-05 SC029499 d:RetainedEarningsAccumulatedLosses 2023-04-05 SC029499 c:OrdinaryShareClass1 2023-04-06 2024-04-05 SC029499 c:OrdinaryShareClass1 2024-04-05 SC029499 c:OrdinaryShareClass1 2023-04-05 SC029499 c:OrdinaryShareClass2 2023-04-06 2024-04-05 SC029499 c:OrdinaryShareClass2 2024-04-05 SC029499 c:OrdinaryShareClass2 2023-04-05 SC029499 c:FRS102 2023-04-06 2024-04-05 SC029499 c:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 SC029499 c:FullAccounts 2023-04-06 2024-04-05 SC029499 c:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 SC029499 e:PoundSterling 2023-04-06 2024-04-05 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC029499










DUNDEE FARMING COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

 
DUNDEE FARMING COMPANY LIMITED
 

COMPANY INFORMATION


Directors
The Earl of Dundee 
Lady Flora Scrymgeour (resigned 15 February 2024)
Lady Lavinia Scrymgeour (resigned 15 February 2024)
David Llewellyn 
Lord Henry Scrymgeour 
Lady Marina Scrymgeour (resigned 15 February 2024)




Company secretary
The Earl of Dundee



Registered number
SC029499



Registered office
Birkhill Estate Office
Birkhill

Cupar

Fife

KY15 4QP




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
DUNDEE FARMING COMPANY LIMITED
REGISTERED NUMBER:SC029499

STATEMENT OF FINANCIAL POSITION
AS AT 5 APRIL 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
616,295
397,318

Investments
 5 
50
50

  
616,345
397,368

CURRENT ASSETS
  

Stocks
  
8,000
8,000

Debtors: amounts falling due within one year
 6 
47,756
40,474

Cash at bank and in hand
  
(125,429)
14,027

  
(69,673)
62,501

Creditors: amounts falling due within one year
 7 
(390,006)
(184,733)

NET CURRENT LIABILITIES
  
 
 
(459,679)
 
 
(122,232)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
156,666
275,136

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(46,594)
(51,264)

  
 
 
(46,594)
 
 
(51,264)

NET ASSETS
  
110,072
223,872


CAPITAL AND RESERVES
  

Called up share capital 
 8 
10,100
10,100

Profit And Loss Account
  
99,972
213,772

  
110,072
223,872

Page 1

 
DUNDEE FARMING COMPANY LIMITED
REGISTERED NUMBER:SC029499

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 5 APRIL 2024

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 year 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 12 September 2024.




The Earl of Dundee
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DUNDEE FARMING COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


GENERAL INFORMATION

The company is a private company, limited by shares, incorporated in Scotland with registration number SC029499. The address of the registered office is Birkhill Estate Office, Birkhill, Cupar, Fife, KY15 4QP.
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:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
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

 
DUNDEE FARMING COMPANY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.4
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
12.5% reducing balance
Motor vehicles
-
20% reducing balance
Fixtures and fittings
-
20% reducing balance
Tenant's improvements
-
5% straight line

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.

 
2.5

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 4

 
DUNDEE FARMING COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Fixtures and fittings
Tenant's improvements
Total

£
£
£
£
£



COST OR VALUATION


At 6 April 2023
151,099
60,981
52,581
614,249
878,910


Additions
3,000
-
-
266,799
269,799



At 5 April 2024

154,099
60,981
52,581
881,048
1,148,709



DEPRECIATION


At 6 April 2023
89,392
51,956
48,042
292,202
481,592


Charge for the year on owned assets
8,091
1,805
907
40,019
50,822



At 5 April 2024

97,483
53,761
48,949
332,221
532,414



NET BOOK VALUE



At 5 April 2024
56,616
7,220
3,632
548,827
616,295



At 5 April 2023
61,707
9,025
4,539
322,047
397,318


5.


FIXED ASSET INVESTMENTS





Trade investments

£





At 6 April 2023
50





6.


DEBTORS

2024
2023
£
£


Trade debtors
14,961
7,161

Prepayments and accrued income
15,839
13,548

Other debtors
16,956
19,765

47,756
40,474

Page 5

 
DUNDEE FARMING COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
53,424
58,753

Accruals and deferred income
98,545
55,685

Other taxation and social security
2,266
3,674

Other creditors
205,771
36,621

Other loans
30,000
30,000

390,006
184,733



8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) ordinary shares of £1.00 each
100
100
10,000 (2023 - 10,000) 7% cumulative preference shares of £1.00 each
10,000
10,000

10,100

10,100


The preference shares are entitled to a fixed cumulative dividend of 7% per annum. The preference shareholders have no rights of notice of, or attendance at, the Annual General Meeting, unless the dividends are more than 10 years in arrears. On winding up, the preference shareholders have rights to repayment of capital and payment of arrears of dividends ahead of the Ordinary shareholders but have no right to the residual assets or profits. 
The dividend on the preference shares is in arrears to the extend of £55,283 (2023 - £54,583) excluding advance corporation tax, being in arrears since 1953.

Page 6