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Registered number: SC171409










LEGASTON FARMING COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

 
LEGASTON FARMING COMPANY LIMITED
 

COMPANY INFORMATION


Directors
Mr B D Reekie 
Mrs T F Hayes 




Registered number
SC171409



Registered office
20 Victoria Street

Arbroath

Angus

DD11 2BP




Accountants
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
LEGASTON FARMING COMPANY LIMITED
REGISTERED NUMBER: SC171409

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
247,648
247,648

Cash at bank and in hand
  
2
2

  
247,650
247,650

Total assets less current liabilities
  
 
 
247,650
 
 
247,650

  

Net assets
  
247,650
247,650


Capital and reserves
  

Called up share capital 
  
277,002
277,002

Profit and loss account
  
(29,352)
(29,352)

  
247,650
247,650


For the year ended 30 November 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 income statement 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 20 February 2025.




Mr B D Reekie
Director

The notes on page 2 form part of these financial statements.

Page 1

 
LEGASTON FARMING COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Legaston Farming Company  Limited is a limited company incorporated in Scotland. The registered office and principle place of business is 20 Victoria Street, Arbroath, Angus, DD11 2BP.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

  
2.2

Company's business

The company's business is farming through its participation in the partnership of Messrs B D Reekie. Income comprises of the company's share in the partnership profits and losses each year.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
246,898
246,898

Other debtors
750
750

247,648
247,648


Page 2