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REGISTERED NUMBER: SC202873 (Scotland)















Financial Statements

for the Year Ended

31st January 2024

for

Falconers Family Butchers Limited

Falconers Family Butchers Limited (Registered number: SC202873)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Falconers Family Butchers Limited

Company Information
for the Year Ended 31st January 2024







DIRECTOR: Mr K Falconer





REGISTERED OFFICE: 193 High Street
Arbroath
Angus
DD11 1DY





REGISTERED NUMBER: SC202873 (Scotland)





ACCOUNTANTS: AWH
Chartered Certified Accountants
Fort Street House
63 Fort Street
Broughty Ferry
Dundee
Angus
DD5 2AB

Falconers Family Butchers Limited (Registered number: SC202873)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,361 71,583
Investment property 5 177,490 174,010
250,851 245,593

CURRENT ASSETS
Stocks 9,205 9,100
Debtors 6 9,272 23,955
Cash at bank and in hand 23,095 29,554
41,572 62,609
CREDITORS
Amounts falling due within one year 7 53,229 50,858
NET CURRENT (LIABILITIES)/ASSETS (11,657 ) 11,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,194

257,344

CREDITORS
Amounts falling due after more than one
year

8

(24,049

)

(33,543

)

PROVISIONS FOR LIABILITIES (6,712 ) (6,051 )
NET ASSETS 208,433 217,750

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserve 9 28,613 25,794
Retained earnings 179,819 191,955
SHAREHOLDERS' FUNDS 208,433 217,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Falconers Family Butchers Limited (Registered number: SC202873)

Balance Sheet - continued
31st January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd October 2024 and were signed by:





Mr K Falconer - Director


Falconers Family Butchers Limited (Registered number: SC202873)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Falconers Family Butchers Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Falconers Family Butchers Limited (Registered number: SC202873)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st February 2023 56,486 4,086 241,892
Additions - 10,290 -
At 31st January 2024 56,486 14,376 241,892
DEPRECIATION
At 1st February 2023 19,086 1,747 211,788
Charge for year 1,130 1,895 5,052
At 31st January 2024 20,216 3,642 216,840
NET BOOK VALUE
At 31st January 2024 36,270 10,734 25,052
At 31st January 2023 37,400 2,339 30,104

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st February 2023 10,072 43,145 355,681
Additions - - 10,290
At 31st January 2024 10,072 43,145 365,971
DEPRECIATION
At 1st February 2023 8,333 43,144 284,098
Charge for year 435 - 8,512
At 31st January 2024 8,768 43,144 292,610
NET BOOK VALUE
At 31st January 2024 1,304 1 73,361
At 31st January 2023 1,739 1 71,583

Falconers Family Butchers Limited (Registered number: SC202873)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023 174,010
Revaluations 3,480
At 31st January 2024 177,490
NET BOOK VALUE
At 31st January 2024 177,490
At 31st January 2023 174,010

Fair value at 31st January 2024 is represented by:
£   
Valuation in 2021 142,165
Valuation in 2022 28,433
Valuation in 2023 3,412
Valuation in 2024 3,480
177,490

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 601
Other debtors 9,272 23,354
9,272 23,955

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 35,807 24,132
Taxation and social security 14,571 23,806
Other creditors 2,851 2,920
53,229 50,858

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 24,049 33,543

Falconers Family Butchers Limited (Registered number: SC202873)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

9. RESERVES
Non-distributable
reserve
£   
At 1st February 2023 25,794
Current Year 2,819

At 31st January 2024 28,613

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Falconers Family Butchers Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Falconers Family Butchers Limited for the year ended 31st January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Falconers Family Butchers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Falconers Family Butchers Limited and state those matters that we have agreed to state to the director of Falconers Family Butchers Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Falconers Family Butchers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Falconers Family Butchers Limited. You consider that Falconers Family Butchers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Falconers Family Butchers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






AWH
Chartered Certified Accountants
Fort Street House
63 Fort Street
Broughty Ferry
Dundee
Angus
DD5 2AB


23rd October 2024