IRIS Accounts Production v24.3.2.46 SC662844 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6628442023-03-31SC6628442024-03-31SC6628442023-04-012024-03-31SC6628442022-03-31SC6628442022-04-012023-03-31SC6628442023-03-31SC662844ns15:Scotland2023-04-012024-03-31SC662844ns14:PoundSterling2023-04-012024-03-31SC662844ns10:Director12023-04-012024-03-31SC662844ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC662844ns10:SmallEntities2023-04-012024-03-31SC662844ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC662844ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC662844ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC662844ns10:FullAccounts2023-04-012024-03-31SC662844ns10:OrdinaryShareClass12023-04-012024-03-31SC662844ns10:RegisteredOffice2023-04-012024-03-31SC662844ns5:CurrentFinancialInstruments2024-03-31SC662844ns5:CurrentFinancialInstruments2023-03-31SC662844ns5:Non-currentFinancialInstruments2024-03-31SC662844ns5:Non-currentFinancialInstruments2023-03-31SC662844ns5:ShareCapital2024-03-31SC662844ns5:ShareCapital2023-03-31SC662844ns5:RetainedEarningsAccumulatedLosses2024-03-31SC662844ns5:RetainedEarningsAccumulatedLosses2023-03-31SC662844ns5:LeaseholdImprovements2023-04-012024-03-31SC662844ns5:PlantMachinery2023-04-012024-03-31SC662844ns5:MotorVehicles2023-04-012024-03-31SC662844ns5:LeaseholdImprovements2023-03-31SC662844ns5:PlantMachinery2023-03-31SC662844ns5:MotorVehicles2023-03-31SC662844ns5:ComputerEquipment2023-03-31SC662844ns5:ComputerEquipment2023-04-012024-03-31SC662844ns5:LeaseholdImprovements2024-03-31SC662844ns5:PlantMachinery2024-03-31SC662844ns5:MotorVehicles2024-03-31SC662844ns5:ComputerEquipment2024-03-31SC662844ns5:LeaseholdImprovements2023-03-31SC662844ns5:PlantMachinery2023-03-31SC662844ns5:MotorVehicles2023-03-31SC662844ns5:ComputerEquipment2023-03-31SC662844ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC662844ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31SC662844ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: SC662844 (Scotland)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

East Tillypronie Sporting Limited

East Tillypronie Sporting Limited (Registered number: SC662844)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


East Tillypronie Sporting Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr P W Turner





REGISTERED OFFICE: Tillypronie House
Tarland
Aboyne
Aberdeenshire
AB34 4XX





REGISTERED NUMBER: SC662844 (Scotland)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

East Tillypronie Sporting Limited (Registered number: SC662844)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 343,975 269,114

CURRENT ASSETS
Debtors 5 27,401 82,310
Cash at bank 32,818 -
60,219 82,310
CREDITORS
Amounts falling due within one year 6 1,125,329 934,020
NET CURRENT LIABILITIES (1,065,110 ) (851,710 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(721,135

)

(582,596

)

CREDITORS
Amounts falling due after more than one
year

7

42,901

-
NET LIABILITIES (764,036 ) (582,596 )

CAPITAL AND RESERVES
Called up share capital 8 50 50
Retained earnings (764,086 ) (582,646 )
SHAREHOLDERS' FUNDS (764,036 ) (582,596 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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.

East Tillypronie Sporting Limited (Registered number: SC662844)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 18 February 2025 and were signed by:





Mr P W Turner - Director


East Tillypronie Sporting Limited (Registered number: SC662844)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

East Tillypronie Sporting Limited is a private company, limited by shares , 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.

The financial statements for the period under review have been prepared on a going concern basis. Tillypronie Estate has confirmed that it will not withdraw its loan if it would render the company unable to pay its liabilities as they fall due, for at least twelve months beyond the approval date of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - Straight line over 20 years
Plant and machinery - 25% reducing balance basis
Motor vehicles - 25% reducing balance basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

East Tillypronie Sporting Limited (Registered number: SC662844)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor Computer
improvements machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 219,137 63,763 64,244 420 347,564
Additions - 114,012 - - 114,012
At 31 March 2024 219,137 177,775 64,244 420 461,576
DEPRECIATION
At 1 April 2023 21,366 31,074 25,905 105 78,450
Charge for year 9,888 19,573 9,585 105 39,151
At 31 March 2024 31,254 50,647 35,490 210 117,601
NET BOOK VALUE
At 31 March 2024 187,883 127,128 28,754 210 343,975
At 31 March 2023 197,771 32,689 38,339 315 269,114

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,540 -
VAT - 3,949
Accrued income - 76,440
Prepayments 5,861 1,921
27,401 82,310

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 3,954
Hire purchase contracts 24,520 -
Trade creditors 26,669 43,216
VAT 2,945 -
Tillypronie Estate 1,058,595 874,250
Accrued expenses 12,600 12,600
1,125,329 934,020

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 42,901 -

East Tillypronie Sporting Limited (Registered number: SC662844)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary 1 50 50

9. RELATED PARTY DISCLOSURES

Tillypronie Estate

A business in which Mr R Turner is sole proprietor. At the balance sheet date the amount owing to Tillypronie Estate is £1,058,595 (2023: £874,250).

10. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of Mr R Turner by virtue of his controlling shareholding in the company.