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REGISTERED NUMBER: SC311933 (Scotland)











Unaudited Financial Statements for the Year Ended 30th November 2024

for

EWG (Scotland) Limited

EWG (Scotland) Limited (Registered number: SC311933)






Contents of the Financial Statements
for the Year Ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Report of the Accountants 6

EWG (Scotland) Limited

Company Information
for the Year Ended 30th November 2024







DIRECTOR: R W Glatt



SECRETARY: R W Glatt



REGISTERED OFFICE: Hearthstanes Estate
Tweedsmuir
Biggar
Lanarkshire
ML12 6QN



REGISTERED NUMBER: SC311933 (Scotland)



ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ



SOLICITORS: Shepherd & Wedderburn
1 Exchange Crescent
Conference Square
Edinburgh
EH3 8UL

EWG (Scotland) Limited (Registered number: SC311933)

Balance Sheet
30th November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 897,920 969,490

CURRENT ASSETS
Stocks 151,610 123,225
Debtors 5 212,743 204,768
Cash at bank and in hand 38,915 352,906
403,268 680,899
CREDITORS
Amounts falling due within one year 6 194,725 89,256
NET CURRENT ASSETS 208,543 591,643
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,106,463

1,561,133

CREDITORS
Amounts falling due after more than one year 7 1,658,280 1,693,094
NET LIABILITIES (551,817 ) (131,961 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (552,817 ) (132,961 )
SHAREHOLDERS' FUNDS (551,817 ) (131,961 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th April 2025 and were signed by:





R W Glatt - Director


EWG (Scotland) Limited (Registered number: SC311933)

Notes to the Financial Statements
for the Year Ended 30th November 2024

1. STATUTORY INFORMATION

EWG (Scotland) 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 directors consider that in the preparation of these financial statements they have taken into account all information that could reasonably be expected to be available. On this basis they consider that it is appropriate to prepare financial statements on a going concern basis. This assumes that the parent company, Terrateres (Scotland) Limited, will continue its financial support of the company.

The financial statements are prepared in respect of the individual company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable from farming, 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.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and 10% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value. The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 makes contributions into a recognised UK defined contribution pension scheme. Contributions payable to this scheme are charged to the income statement in the period to which they relate.

Grants
Grants are credited to the profit and loss account in the accounting period in which they are received.

EWG (Scotland) Limited (Registered number: SC311933)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2023 2,791,472
Additions 87,207
Disposals (31,283 )
At 30th November 2024 2,847,396
DEPRECIATION
At 1st December 2023 1,821,982
Charge for year 145,372
Eliminated on disposal (17,878 )
At 30th November 2024 1,949,476
NET BOOK VALUE
At 30th November 2024 897,920
At 30th November 2023 969,490

EWG (Scotland) Limited (Registered number: SC311933)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 212,743 202,822
Other debtors - 1,946
212,743 204,768

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 167,576 73,309
Taxation and social security 22,796 11,644
Other creditors 4,353 4,303
194,725 89,256

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,658,280 1,693,094

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

The hire purchase creditors are secured on the assets on which the finance is actually outstanding.

9. RELATED PARTY DISCLOSURES

Directors Loan

At 30th November 2024, the company owed the sum of £3 (2023 - £3) to Mr R W Glatt by way of a director's current account. This sum is repayable on demand and no interest is charged on the sum advanced.


Related Parties

The company has an inter-company loan account with its parent company Terrateres (Scotland) Limited. At 30th November 2024, EWG (Scotland) Limited owed to the parent company the sum of £1,658,280 (2023 - £1,693,094). There were no transactions between the two companies in the year under review, the difference in the loan balance being represented by transfers of funds between the two companies.

10. ULTIMATE CONTROLLING PARTY

The controlling party is R W Glatt.

ULTIMATE PARENT COMPANY

The company is a 100% owned subsidiary of Terrateres (Scotland) Limited

EWG (Scotland) Limited

Report of the Accountants to the Director of
EWG (Scotland) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th November 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ


16th April 2025