Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.222023-04-01falseNo description of principal activitytruetruefalse SC076306 2023-04-01 2024-03-31 SC076306 2022-04-01 2023-03-31 SC076306 2024-03-31 SC076306 2023-03-31 SC076306 c:CompanySecretary1 2023-04-01 2024-03-31 SC076306 c:Director1 2023-04-01 2024-03-31 SC076306 c:Director2 2023-04-01 2024-03-31 SC076306 c:RegisteredOffice 2023-04-01 2024-03-31 SC076306 d:Buildings 2023-04-01 2024-03-31 SC076306 d:Buildings 2024-03-31 SC076306 d:Buildings 2023-03-31 SC076306 d:CurrentFinancialInstruments 2024-03-31 SC076306 d:CurrentFinancialInstruments 2023-03-31 SC076306 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC076306 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC076306 d:ShareCapital 2024-03-31 SC076306 d:ShareCapital 2023-03-31 SC076306 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC076306 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC076306 c:FRS102 2023-04-01 2024-03-31 SC076306 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC076306 c:FullAccounts 2023-04-01 2024-03-31 SC076306 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC076306 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: SC076306










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

 
BALCATHIE FARMS LIMITED
 

COMPANY INFORMATION


DIRECTORS
J G Henderson 
Mrs A M Henderson 




COMPANY SECRETARY
Mrs A M Henderson



REGISTERED NUMBER
SC076306



REGISTERED OFFICE
Balcathie Farm

By Arbroath

DD11 2PD




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
BALCATHIE FARMS LIMITED
REGISTERED NUMBER: SC076306

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
345,072
345,072

  
345,072
345,072

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
1,565,734
1,521,299

  
1,565,734
1,521,299

Creditors: amounts falling due within one year
 6 
(14,867)
(23,937)

NET CURRENT ASSETS
  
 
 
1,550,867
 
 
1,497,362

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,895,939
1,842,434

  

NET ASSETS
  
1,895,939
1,842,434


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
1,895,839
1,842,334

  
1,895,939
1,842,434


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 31 October 2024.




J G Henderson
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
BALCATHIE FARMS LIMITED
 

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

1.


GENERAL INFORMATION

Balcathie Farms Limited is a private company, limited by shares, incorporated in Scotland with registration number SC076306.  The registered office is Balcathie Farm, By Arbroath, Angus, DD11 2PD.
The Company's functional and presentational currency is GBP.

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

REVENUE RECOGNITION

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.

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.

Page 2

 
BALCATHIE FARMS LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

TAXATION

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Heritable property
-
0%

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 year was 2 (2023 - 2).

Page 3

 
BALCATHIE FARMS LIMITED
 

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

4.


TANGIBLE FIXED ASSETS





Heritable property

£



COST OR VALUATION


At 1 April 2023
345,072



At 31 March 2024

345,072






NET BOOK VALUE



At 31 March 2024
345,072



At 31 March 2023
345,072


5.


DEBTORS

2024
2023
£
£


Capital and current account in related partnership of J G Henderson
1,565,734
1,521,299

1,565,734
1,521,299



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other creditors
14,207
23,277

Accruals and deferred income
660
660

14,867
23,937



Page 4