Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseNo description of principal activity55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC188304 2023-08-01 2024-07-31 SC188304 2022-08-01 2023-07-31 SC188304 2024-07-31 SC188304 2023-07-31 SC188304 c:CompanySecretary1 2023-08-01 2024-07-31 SC188304 c:Director1 2023-08-01 2024-07-31 SC188304 c:Director2 2023-08-01 2024-07-31 SC188304 c:RegisteredOffice 2023-08-01 2024-07-31 SC188304 c:Agent1 2023-08-01 2024-07-31 SC188304 d:Buildings 2023-08-01 2024-07-31 SC188304 d:Buildings 2024-07-31 SC188304 d:Buildings 2023-07-31 SC188304 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC188304 d:Buildings d:LongLeaseholdAssets 2023-08-01 2024-07-31 SC188304 d:Buildings d:LongLeaseholdAssets 2024-07-31 SC188304 d:Buildings d:LongLeaseholdAssets 2023-07-31 SC188304 d:PlantMachinery 2023-08-01 2024-07-31 SC188304 d:PlantMachinery 2024-07-31 SC188304 d:PlantMachinery 2023-07-31 SC188304 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC188304 d:MotorVehicles 2023-08-01 2024-07-31 SC188304 d:MotorVehicles 2024-07-31 SC188304 d:MotorVehicles 2023-07-31 SC188304 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC188304 d:FurnitureFittings 2023-08-01 2024-07-31 SC188304 d:FurnitureFittings 2024-07-31 SC188304 d:FurnitureFittings 2023-07-31 SC188304 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC188304 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC188304 d:CurrentFinancialInstruments 2024-07-31 SC188304 d:CurrentFinancialInstruments 2023-07-31 SC188304 d:Non-currentFinancialInstruments 2024-07-31 SC188304 d:Non-currentFinancialInstruments 2023-07-31 SC188304 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 SC188304 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC188304 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 SC188304 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 SC188304 d:ShareCapital 2024-07-31 SC188304 d:ShareCapital 2023-07-31 SC188304 d:RetainedEarningsAccumulatedLosses 2024-07-31 SC188304 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC188304 c:OrdinaryShareClass1 2023-08-01 2024-07-31 SC188304 c:OrdinaryShareClass1 2024-07-31 SC188304 c:OrdinaryShareClass1 2023-07-31 SC188304 c:FRS102 2023-08-01 2024-07-31 SC188304 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC188304 c:FullAccounts 2023-08-01 2024-07-31 SC188304 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC188304 6 2023-08-01 2024-07-31 SC188304 d:CurrentFinancialInstruments 7 2024-07-31 SC188304 d:CurrentFinancialInstruments 7 2023-07-31 SC188304 f:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC188304










LINDERTIS FARMS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
LINDERTIS FARMS LIMITED
 

COMPANY INFORMATION


Directors
Lord Colyton 
Lady Colyton 




Company secretary
Lady Colyton



Registered number
SC188304



Registered office
Drumleys
Lindertis

Kirriemuir

Angus

DD8 5NU




Accountants
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ




Solicitors
Thorntons Law LLP
Whitehall House

33 Yeaman Shore

Dundee

DD1 4BJ





 
LINDERTIS FARMS LIMITED
REGISTERED NUMBER: SC188304

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
  
1,369,740
1,426,705

Investments
  
200
200

  
1,369,940
1,426,905

CURRENT ASSETS
  

Stocks
  
333,331
746,014

Debtors: amounts falling due within one year
  
588,616
688,734

Cash at bank and in hand
  
174,855
(286,517)

  
1,096,802
1,148,231

Creditors: amounts falling due within one year
  
(653,591)
(773,947)

NET CURRENT ASSETS
  
 
 
443,211
 
 
374,284

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,813,151
1,801,189

Creditors: amounts falling due after more than one year
  
(559,057)
(704,994)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(135,621)
(118,983)

  
 
 
(135,621)
 
 
(118,983)

NET ASSETS
  
1,118,473
977,212


CAPITAL AND RESERVES
  

Called up share capital 
  
1
1

Profit and loss account
  
1,118,472
977,211

  
1,118,473
977,212


Page 1

 
LINDERTIS FARMS LIMITED
REGISTERED NUMBER: SC188304

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

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 27 March 2025.


Lord Colyton
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LINDERTIS FARMS LIMITED
 

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

1.


GENERAL INFORMATION

Lindertis Farms Limited is a private company, limited by shares, incorporated in Scotland with registration number SC188304. The registered office is Drumleys, Lindertis, Kirriemuir, Angus, DD8 5NU.
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

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:

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 3

 
LINDERTIS FARMS LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

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.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Land and buildings
-
5%
Straight line balance
Property improvements
-
20%
Reducing balance
Plant and machinery
-
13%
Reducing balance
Motor vehicles
-
20%
Reducing balance
Wind turbines
-
5%
Straight line balance

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.

 
2.4

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

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 5 (2023 - 5).

Page 4

 
LINDERTIS FARMS LIMITED
 

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

4.


TANGIBLE FIXED ASSETS





Land and buildings
Property improvements
Plant and machinery
Motor vehicles
Wind turbines
Total

£
£
£
£
£
£



COST OR VALUATION


At 1 August 2023
1,099,041
174,999
369,471
123,895
364,259
2,131,665


Additions
-
-
10,267
-
-
10,267


Disposals
-
-
(4,708)
-
-
(4,708)



At 31 July 2024

1,099,041
174,999
375,030
123,895
364,259
2,137,224



DEPRECIATION


At 1 August 2023
80,043
172,498
202,083
86,416
163,920
704,960


Charge for the year on owned assets
10,830
499
26,071
7,497
18,216
63,113


Disposals
-
-
(589)
-
-
(589)



At 31 July 2024

90,873
172,997
227,565
93,913
182,136
767,484



NET BOOK VALUE



At 31 July 2024
1,008,168
2,002
147,465
29,982
182,123
1,369,740



At 31 July 2023
1,018,998
2,501
167,388
37,479
200,339
1,426,705


5.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST OR VALUATION


At 1 August 2023
200



At 31 July 2024
200




Page 5

 
LINDERTIS FARMS LIMITED
 

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

6.


DEBTORS

2024
2023
£
£


Trade debtors
61,458
107,567

Amounts owed by group undertakings
486,028
531,344

Other debtors
40,001
46,703

Prepayments and accrued income
1,129
3,120

588,616
688,734



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
138,050
161,629

Trade creditors
56,487
177,272

Hire purchase liabilities
7,500
7,500

Other creditors
441,054
417,046

Accruals and deferred income
10,500
10,500

653,591
773,947


The bank overdraft and bank loans are secured by a bond and floating charge over the property and all the assets of the company. Hire purchase liabilities are secured over the assets to which they relate. 


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
275,046
413,483

Net obligations under finance leases and hire purchase contracts
7,690
15,190

Amounts owed to group undertakings
276,321
276,321

559,057
704,994


The bank overdraft and bank loans are secured by a bond and floating charge over the property and all the assets of the company. Hire purchase liabilities are secured over the assets to which they relate. 

Page 6

 
LINDERTIS FARMS LIMITED
 

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

9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



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



Page 7