Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2false2023-05-01No description of principal activity2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC065042 2023-05-01 2024-04-30 SC065042 2022-05-01 2023-04-30 SC065042 2024-04-30 SC065042 2023-04-30 SC065042 c:Director1 2023-05-01 2024-04-30 SC065042 c:Director2 2023-05-01 2024-04-30 SC065042 c:RegisteredOffice 2023-05-01 2024-04-30 SC065042 d:Buildings 2023-05-01 2024-04-30 SC065042 d:Buildings 2024-04-30 SC065042 d:Buildings 2023-04-30 SC065042 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC065042 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 SC065042 d:Buildings d:LongLeaseholdAssets 2024-04-30 SC065042 d:Buildings d:LongLeaseholdAssets 2023-04-30 SC065042 d:PlantMachinery 2023-05-01 2024-04-30 SC065042 d:PlantMachinery 2024-04-30 SC065042 d:PlantMachinery 2023-04-30 SC065042 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC065042 d:OfficeEquipment 2023-05-01 2024-04-30 SC065042 d:OfficeEquipment 2024-04-30 SC065042 d:OfficeEquipment 2023-04-30 SC065042 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC065042 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC065042 d:FreeholdInvestmentProperty 2024-04-30 SC065042 d:FreeholdInvestmentProperty 2023-04-30 SC065042 d:FreeholdInvestmentProperty 2 2023-05-01 2024-04-30 SC065042 d:CurrentFinancialInstruments 2024-04-30 SC065042 d:CurrentFinancialInstruments 2023-04-30 SC065042 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC065042 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC065042 d:ShareCapital 2024-04-30 SC065042 d:ShareCapital 2023-04-30 SC065042 d:RevaluationReserve 2024-04-30 SC065042 d:RevaluationReserve 2023-04-30 SC065042 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC065042 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC065042 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC065042 c:OrdinaryShareClass1 2024-04-30 SC065042 c:OrdinaryShareClass1 2023-04-30 SC065042 c:FRS102 2023-05-01 2024-04-30 SC065042 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC065042 c:FullAccounts 2023-05-01 2024-04-30 SC065042 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC065042 5 2023-05-01 2024-04-30 SC065042 6 2023-05-01 2024-04-30 SC065042 f:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC065042










GREENMYRE MUSHROOM FARM LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
GREENMYRE MUSHROOM FARM LIMITED
 

COMPANY INFORMATION


Directors
Mr R E Mitusch 
Mrs C J Mitusch 




Registered number
SC065042



Registered office
4 Auchtermuchty Road

Dunshalt

Fife

KY14 7ET




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
GREENMYRE MUSHROOM FARM LIMITED
REGISTERED NUMBER: SC065042

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
42,788
42,942

Investments
 5 
213,786
192,397

Investment property
 6 
257,500
237,500

  
514,074
472,839

Current assets
  

Debtors: amounts falling due within one year
 7 
9,289
8,071

Cash at bank and in hand
  
60,348
48,411

  
69,637
56,482

Creditors: amounts falling due within one year
 8 
(136,141)
(115,882)

Net current liabilities
  
 
 
(66,504)
 
 
(59,400)

Total assets less current liabilities
  
447,570
413,439

Provisions for liabilities
  

Deferred tax
  
(12,163)
(12,163)

  
 
 
(12,163)
 
 
(12,163)

Net assets
  
435,407
401,276


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account - non distributable
  
105,853
85,853

Profit and loss account
  
328,554
314,423

  
435,407
401,276


Page 1

 
GREENMYRE MUSHROOM FARM LIMITED
REGISTERED NUMBER: SC065042

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 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 comprehensive income 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 23 October 2024.




Mr R E Mitusch
Director


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GREENMYRE MUSHROOM FARM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Greenmyre Mushroom Farm Limited is a private Company, limited by shares and incorporated in Scotland, registration number SC065042. The registered office address is 4 Auchtermuchty Road, Dunshalt, Fife, KY14 7ET.
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

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year in respect of rent and related charges.

 
2.4

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 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 
GREENMYRE MUSHROOM FARM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance basis..

Depreciation is provided on the following basis:

Property (excluding land)
-
25% reducing balance and 5% straight line
Leasehold property
-
between 10% and 15% straight line
Plant and machinery
-
25% reducing balance
Office equipment
-
25% reducing balance

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.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

  
2.7

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.8

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 
GREENMYRE MUSHROOM FARM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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


4.


Tangible fixed assets





Freehold property
Leasehold property
Plant and machinery
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
547,964
168,503
121,979
23,847
862,293



At 30 April 2024

547,964
168,503
121,979
23,847
862,293



Depreciation


At 1 May 2023
505,246
168,503
121,887
23,715
819,351


Charge for the year on owned assets
98
-
23
33
154



At 30 April 2024

505,344
168,503
121,910
23,748
819,505



Net book value



At 30 April 2024
42,620
-
69
99
42,788



At 30 April 2023
42,718
-
92
132
42,942

Included in freehold property is freehold land at valuation of £40,000 (2023 - £40,000) which is not depreciated.

Page 5

 
GREENMYRE MUSHROOM FARM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 May 2023
192,397


Additions
40,655


Disposals
(25,931)


Revaluations
6,665



At 30 April 2024
213,786





6.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
237,500


Surplus on revaluation
20,000



At 30 April 2024
257,500

The 2024 valuations were made by the directors, on an open market value for existing use basis.





7.


Debtors

2024
2023
£
£


Other debtors
9,289
8,071


Page 6

 
GREENMYRE MUSHROOM FARM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
7,573
6,557

Other creditors
124,653
105,440

Accruals and deferred income
3,915
3,885

136,141
115,882


Other creditors of £124,653 (2023 - £105,440) relates to a loan advanced from a director of the Company.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



Page 7