Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3112023-04-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC649944 2023-04-01 2024-03-31 SC649944 2022-04-01 2023-03-31 SC649944 2024-03-31 SC649944 2023-03-31 SC649944 c:CompanySecretary1 2023-04-01 2024-03-31 SC649944 c:Director1 2023-04-01 2024-03-31 SC649944 c:RegisteredOffice 2023-04-01 2024-03-31 SC649944 d:PlantMachinery 2023-04-01 2024-03-31 SC649944 d:PlantMachinery 2024-03-31 SC649944 d:PlantMachinery 2023-03-31 SC649944 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC649944 d:CurrentFinancialInstruments 2024-03-31 SC649944 d:CurrentFinancialInstruments 2023-03-31 SC649944 d:Non-currentFinancialInstruments 2024-03-31 SC649944 d:Non-currentFinancialInstruments 2023-03-31 SC649944 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC649944 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC649944 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC649944 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC649944 d:ShareCapital 2024-03-31 SC649944 d:ShareCapital 2023-03-31 SC649944 d:OtherMiscellaneousReserve 2024-03-31 SC649944 d:OtherMiscellaneousReserve 2023-03-31 SC649944 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC649944 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC649944 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC649944 c:OrdinaryShareClass1 2024-03-31 SC649944 c:OrdinaryShareClass1 2023-03-31 SC649944 c:FRS102 2023-04-01 2024-03-31 SC649944 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC649944 c:FullAccounts 2023-04-01 2024-03-31 SC649944 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC649944 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC649944










ARDOVIE FARMS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
ARDOVIE FARMS LIMITED
 

COMPANY INFORMATION


DIRECTOR
James A F Hair 




COMPANY SECRETARY
James A F Hair



REGISTERED NUMBER
SC649944



REGISTERED OFFICE
Mains Of Ardovie

Brechin

Angus

DD9 6ST




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
ARDOVIE FARMS LIMITED
REGISTERED NUMBER: SC649944

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
  
816,310
-

  
816,310
-

CURRENT ASSETS
  

Stocks
  
222,046
133,932

Debtors: amounts falling due within one year
  
259,404
263,442

Cash at bank and in hand
  
131,790
8,044

  
613,240
405,418

Creditors: amounts falling due within one year
  
(886,706)
(95,452)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(273,466)
 
 
309,966

Creditors: amounts falling due after more than one year
  
(35,002)
-

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(187,763)
-

  
 
 
(187,763)
 
 
-

NET ASSETS
  
320,079
309,966


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Distributable Trasf'd Reserves
  
173,495
173,495

Profit and loss account
  
146,484
136,371

  
320,079
309,966



 
ARDOVIE FARMS LIMITED
REGISTERED NUMBER: SC649944

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

The director considers 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 director acknowledges his 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 17 October 2024.




James A F Hair
Director

The notes on  form part of these financial statements.


 
ARDOVIE FARMS LIMITED
 

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

1.


GENERAL INFORMATION

Ardovie Farms Limited is a private company, limited by shares, incorporated in Scotland with registration number SC649944. The registered office is Mains of Ardovie, Brechin, DD9 6ST.
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

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, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
15% 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.


 
ARDOVIE FARMS LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


EMPLOYEES




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


TANGIBLE FIXED ASSETS





Plant and machinery

£



COST OR VALUATION


Additions
960,367



At 31 March 2024

960,367



DEPRECIATION


Charge for the year on owned assets
144,057



At 31 March 2024

144,057



NET BOOK VALUE



At 31 March 2024
816,310



At 31 March 2023
-


5.


DEBTORS

2024
2023
£
£


Trade debtors
219,055
41,026

Other debtors
40,349
222,416

259,404
263,442



 
ARDOVIE FARMS LIMITED
 

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

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
113,980
65,126

Obligations under finance lease and hire purchase contracts
22,189
-

Other creditors
747,537
27,326

Accruals and deferred income
3,000
3,000

886,706
95,452



7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
35,002
-

35,002
-



8.


SHARE CAPITAL

2024
2023
£
£
AUTHORISED, ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares shares of £1.00 each
100
100



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