Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01trueNo description of principal activityfalse23trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC152365 2023-03-01 2024-02-29 SC152365 2022-03-01 2023-02-28 SC152365 2024-02-29 SC152365 2023-02-28 SC152365 c:CompanySecretary1 2023-03-01 2024-02-29 SC152365 c:Director1 2023-03-01 2024-02-29 SC152365 c:Director2 2023-03-01 2024-02-29 SC152365 c:Director2 2024-02-29 SC152365 c:Director3 2023-03-01 2024-02-29 SC152365 c:Director3 2024-02-29 SC152365 c:RegisteredOffice 2023-03-01 2024-02-29 SC152365 c:Agent1 2023-03-01 2024-02-29 SC152365 d:Buildings d:LongLeaseholdAssets 2023-03-01 2024-02-29 SC152365 d:Buildings d:LongLeaseholdAssets 2024-02-29 SC152365 d:Buildings d:LongLeaseholdAssets 2023-02-28 SC152365 d:PlantMachinery 2023-03-01 2024-02-29 SC152365 d:PlantMachinery 2024-02-29 SC152365 d:PlantMachinery 2023-02-28 SC152365 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC152365 d:MotorVehicles 2023-03-01 2024-02-29 SC152365 d:MotorVehicles 2024-02-29 SC152365 d:MotorVehicles 2023-02-28 SC152365 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC152365 d:FurnitureFittings 2023-03-01 2024-02-29 SC152365 d:FurnitureFittings 2024-02-29 SC152365 d:FurnitureFittings 2023-02-28 SC152365 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC152365 d:OfficeEquipment 2023-03-01 2024-02-29 SC152365 d:OfficeEquipment 2024-02-29 SC152365 d:OfficeEquipment 2023-02-28 SC152365 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC152365 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC152365 d:CurrentFinancialInstruments 2024-02-29 SC152365 d:CurrentFinancialInstruments 2023-02-28 SC152365 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 SC152365 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 SC152365 d:ShareCapital 2024-02-29 SC152365 d:ShareCapital 2023-02-28 SC152365 d:RetainedEarningsAccumulatedLosses 2024-02-29 SC152365 d:RetainedEarningsAccumulatedLosses 2023-02-28 SC152365 c:OrdinaryShareClass1 2023-03-01 2024-02-29 SC152365 c:OrdinaryShareClass1 2024-02-29 SC152365 c:OrdinaryShareClass1 2023-02-28 SC152365 c:FRS102 2023-03-01 2024-02-29 SC152365 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC152365 c:FullAccounts 2023-03-01 2024-02-29 SC152365 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC152365 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC152365










TULCHAN OF GLENISLA FOREST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

 
TULCHAN OF GLENISLA FOREST LIMITED
 

COMPANY INFORMATION


DIRECTORS
D L Laird 
Ms E M Barr (resigned 21 August 2023)
F N M Kuehnle (appointed 21 August 2023)




COMPANY SECRETARY
Thorntons Law LLP



REGISTERED NUMBER
SC152365



REGISTERED OFFICE
Whitehall House
33 Yeaman Shore

Dundee

DD1 4BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ




BANKERS
The Royal Bank of Scotland PLC
3 High Street

Dundee

DD1 9LY





 
TULCHAN OF GLENISLA FOREST LIMITED
REGISTERED NUMBER: SC152365

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
653,522
678,016

  
653,522
678,016

CURRENT ASSETS
  

Stocks
  
1,661
1,501

Debtors: amounts falling due within one year
 5 
101,072
111,354

Cash at bank and in hand
  
230,261
320,667

  
332,994
433,522

Creditors: amounts falling due within one year
 6 
(1,347,406)
(1,543,695)

NET CURRENT LIABILITIES
  
 
 
(1,014,412)
 
 
(1,110,173)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(360,890)
(432,157)

  

NET LIABILITIES
  
(360,890)
(432,157)


CAPITAL AND RESERVES
  

Called up share capital 
  
1
1

Profit and loss account
  
(360,891)
(432,158)

  
(360,890)
(432,157)


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 22 November 2024.


F N M Kuehnle
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
TULCHAN OF GLENISLA FOREST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


GENERAL INFORMATION

Tulchan of Glenisla is limited by shares and incorporated in Scotland. The address of the registered office is Whitehall House, 33 Yeaman Shore, Dundee, DD1 4BJ and the company's registration number is SC152365. The company's place of business is the same as the registered office.                      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

GOING CONCERN

These accounts have been prepared under the going concern basis. The company has net liabilities and is dependent on the continued support of the Kuhnle family and the Forest Property Trust.The Kuhnle family and the Forest Property Trust have confirmed that they will continue to provide support for the foreseeable future.

 
2.3

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:

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.

 
2.4

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.

Page 2

 
TULCHAN OF GLENISLA FOREST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 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, as follows.

Depreciation is provided on the following basis:

Property improvements
-
4% reducing balance
Plant and machinery
-
15% reducing balance
Tractors and vehicles
-
25% reducing balance
Furniture and fittings
-
15% reducing balance
Hydro Scheme
-
4% 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.

 
2.6

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 2 (2023 - 3).

Page 3

 


 
TULCHAN OF GLENISLA FOREST LIMITED


 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


4.


TANGIBLE FIXED ASSETS









Property improvements
Plant and machinery
Tractors and vehicles
Furniture and fittings
Hydro Scheme
Total

£
£
£
£
£
£



COST OR VALUATION


At 1 March 2023
3,803
143,209
35,387
83,663
888,979
1,155,041


Additions
-
10,630
33,915
2,292
-
46,837


Disposals
-
-
(18,495)
-
-
(18,495)



At 29 February 2024

3,803
153,839
50,807
85,955
888,979
1,183,383



DEPRECIATION


At 1 March 2023
1,472
58,179
28,362
80,517
308,495
477,025


Charge for the year on owned assets
93
14,349
9,773
816
44,449
69,480


Disposals
-
-
(16,644)
-
-
(16,644)



At 29 February 2024

1,565
72,528
21,491
81,333
352,944
529,861



NET BOOK VALUE



At 29 February 2024
2,238
81,311
29,316
4,622
536,035
653,522



At 28 February 2023
2,331
85,030
7,025
3,146
580,484
678,016

Page 4

 
TULCHAN OF GLENISLA FOREST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


DEBTORS

29 February
28 February
2024
2023
£
£


Other debtors
99,630
96,090

Prepayments and accrued income
1,442
15,264

101,072
111,354



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29 February
28 February
2024
2023
£
£

Other loans
1,311,101
1,398,780

Trade creditors
3,170
90,860

Other taxation and social security
1,017
12,805

Accruals and deferred income
32,118
41,250

1,347,406
1,543,695



7.


SHARE CAPITAL

29 February
28 February
2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2023 - 1) Ordinary share of £1.00
1
1



Page 5