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REGISTERED NUMBER: SC301273 (Scotland)















Financial Statements for the Year Ended 30 April 2024

for

Formartine Partnership Limited

Formartine Partnership Limited (Registered number: SC301273)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Formartine Partnership Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M H T Andrew FRICS, FAAV
J K Loveday
B J Martin
A Sinclair
J Loder
Y Milne
D G F Hekelaar





SECRETARY: A Sinclair





REGISTERED OFFICE: Haddo Estate Office
Mains of Haddo
Tarves
Ellon
Aberdeenshire
AB41 7LD





REGISTERED NUMBER: SC301273 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Formartine Partnership Limited (Registered number: SC301273)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £   
CURRENT ASSETS
Debtors 5 56 55
Cash at bank and in hand 34,447 36,460
34,503 36,515
CREDITORS
Amounts falling due within one year 6 16,287 17,184
NET CURRENT ASSETS 18,216 19,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,216

19,331

RESERVES
Income and expenditure account 18,216 19,331
18,216 19,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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.

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 Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





J Loder - Director


Formartine Partnership Limited (Registered number: SC301273)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Formartine Partnership Limited is a private company, limited by guarantee , 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.

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

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

Fixed asset investments
Fixed Assets Investments have been measured at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 1,921
DEPRECIATION
At 1 May 2023
and 30 April 2024 1,921
NET BOOK VALUE
At 30 April 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Other debtors 56 55

Formartine Partnership Limited (Registered number: SC301273)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Taxation and social security - 200
Other creditors 16,287 16,984
16,287 17,184

7. RELATED PARTY DISCLOSURES

Formartine Partnership Limited holds a 20% share in Formartine Renewable Energy LLP.

During the year Formartine Partnership Limited received dividends of £34,000 (2023 - £22,000).

The board has agreed that this money will be donated to Formartine Rural Partnership which was set up in September 2019.

During the year donations of £34,720 (2023 - £10,000) had been transferred to Formartine Rural Partnership with a balance of £16,800 less administration charges of £2,016 still to be donated, these amounts are included within other creditors.

8. BREAKDOWN OF DIRECT EXPENSES

30/04/23 30/04/23
£ £

Food Bank Donations 1,250 0
Haddo Link 0 30,000
FRP Donation 36,172 10,720
37,422 40,720