Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC192048 Mr Harry Radford Mr Timothy Radford Ms India Radford Mrs Nicola Radford Turcan Connell Company Secretaries Limited Timothy Piers Radford true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC192048 2023-12-31 SC192048 2024-12-31 SC192048 2024-01-01 2024-12-31 SC192048 frs-core:CurrentFinancialInstruments 2024-12-31 SC192048 frs-core:Non-currentFinancialInstruments 2024-12-31 SC192048 frs-core:ComputerEquipment 2024-12-31 SC192048 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC192048 frs-core:ComputerEquipment 2023-12-31 SC192048 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 SC192048 frs-core:FurnitureFittings 2024-12-31 SC192048 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC192048 frs-core:FurnitureFittings 2023-12-31 SC192048 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 SC192048 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC192048 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC192048 frs-core:MotorVehicles 2024-12-31 SC192048 frs-core:MotorVehicles 2024-01-01 2024-12-31 SC192048 frs-core:MotorVehicles 2023-12-31 SC192048 frs-core:OtherResidualIntangibleAssets 2024-12-31 SC192048 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 SC192048 frs-core:OtherResidualIntangibleAssets 2023-12-31 SC192048 frs-core:PlantMachinery 2024-12-31 SC192048 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC192048 frs-core:PlantMachinery 2023-12-31 SC192048 frs-core:ShareCapital 2024-12-31 SC192048 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC192048 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC192048 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC192048 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC192048 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC192048 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC192048 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC192048 frs-bus:OrdinaryShareClass1 2024-12-31 SC192048 frs-bus:PreferenceShareClass1 2024-01-01 2024-12-31 SC192048 frs-bus:PreferenceShareClass1 2024-12-31 SC192048 1 2024-01-01 2024-12-31 SC192048 frs-core:ListedExchangeTraded 2024-12-31 SC192048 frs-core:ListedExchangeTraded 2023-12-31 SC192048 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 SC192048 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-12-31 SC192048 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-12-31 SC192048 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-12-31 SC192048 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 SC192048 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 SC192048 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 SC192048 frs-bus:Director1 2024-01-01 2024-12-31 SC192048 frs-bus:Director1 2023-12-31 SC192048 frs-bus:Director1 2024-12-31 SC192048 frs-bus:Director2 2024-01-01 2024-12-31 SC192048 frs-bus:Director3 2024-01-01 2024-12-31 SC192048 frs-bus:Director4 2024-01-01 2024-12-31 SC192048 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 SC192048 1 2024-01-01 2024-12-31 SC192048 frs-core:CurrentFinancialInstruments 1 2024-12-31 SC192048 frs-core:Non-currentFinancialInstruments 1 2024-12-31 SC192048 frs-core:CurrentFinancialInstruments 2 2024-12-31 SC192048 frs-core:Non-currentFinancialInstruments 2 2024-12-31 SC192048 frs-countries:Scotland 2024-01-01 2024-12-31 SC192048 2022-12-31 SC192048 2023-12-31 SC192048 2023-01-01 2023-12-31 SC192048 frs-core:CurrentFinancialInstruments 2023-12-31 SC192048 frs-core:Non-currentFinancialInstruments 2023-12-31 SC192048 frs-core:WithinOneYear 2023-12-31 SC192048 frs-core:ShareCapital 2023-12-31 SC192048 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC192048 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC192048 frs-bus:PreferenceShareClass1 2023-01-01 2023-12-31 SC192048 1 2023-01-01 2023-12-31 SC192048 frs-core:CurrentFinancialInstruments 1 2023-12-31 SC192048 frs-core:Non-currentFinancialInstruments 1 2023-12-31 SC192048 frs-core:CurrentFinancialInstruments 2 2023-12-31 SC192048 frs-core:Non-currentFinancialInstruments 2 2023-12-31
Registered number: SC192048
Benmore Estate Limited
Financial Statements
For The Year Ended 31 December 2024
Gillespie's
Chartered Accountants
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: SC192048
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 16,325 9,113
Tangible Assets 5 19,098,603 14,944,343
Investments 6 2,645,143 7,095,588
21,760,071 22,049,044
CURRENT ASSETS
Stocks 7 25,696 6,286
Debtors 8 577,642 454,760
Cash at bank and in hand 399,488 321,512
1,002,826 782,558
Creditors: Amounts Falling Due Within One Year 9 (1,066,342 ) (675,858 )
NET CURRENT ASSETS (LIABILITIES) (63,516 ) 106,700
TOTAL ASSETS LESS CURRENT LIABILITIES 21,696,555 22,155,744
Creditors: Amounts Falling Due After More Than One Year 10 (1,721,459 ) (3,842,490 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 13 (1,430,278 ) (986,548 )
NET ASSETS 18,544,818 17,326,706
CAPITAL AND RESERVES
Called up share capital 14 15,000,000 13,000,000
Profit and Loss Account 3,544,818 4,326,706
SHAREHOLDERS' FUNDS 18,544,818 17,326,706
Page 1
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Timothy Radford
Director
12th May 2025
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Benmore Estate Limited is a private company, limited by shares, incorporated in Scotland, registered number SC192048 . The registered office is Princes Exchange, 1 Earl Grey Street, Edinburgh, Midlothian, EH3 9EE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from property rental, the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to Website costs. These are amortised to profit and loss account over their estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 
Land and buildings are not in general depreciated, however the Hydro Scheme installation which in total cost £2,594,532; Hatchery costs of £1,028,265; Island Pods costs of £1,084,456; Coffee Pod costs £16,995 and Knock Water Supply costs £37,565 are being depreciated on a 5% Straight Line basis.
New Bridge costs at Rhoal £160,334, SLT Glenforsa £109,000 and Glenforsa £246,748, and roadworks £72,300 are being depreciated at 10% reducing balance.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold see note
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% straight line
Roads & Fencing 10% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Sales, marketing and distribution 8 13
Directors 4 4
14 19
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4. Intangible Assets
Other
£
Cost
As at 1 January 2024 20,030
Additions 10,239
As at 31 December 2024 30,269
Amortisation
As at 1 January 2024 10,917
Provided during the period 3,027
As at 31 December 2024 13,944
Net Book Value
As at 31 December 2024 16,325
As at 1 January 2024 9,113
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 15,168,969 1,434,897 349,207 896,962
Additions 4,274,017 28,656 145,414 422,879
Disposals (205,868 ) - (2,130 ) -
As at 31 December 2024 19,237,118 1,463,553 492,491 1,319,841
Depreciation
As at 1 January 2024 1,676,056 747,264 180,109 302,263
Provided during the period 239,943 107,443 78,579 131,984
Disposals - - (1,826 ) -
As at 31 December 2024 1,915,999 854,707 256,862 434,247
Net Book Value
As at 31 December 2024 17,321,119 608,846 235,629 885,594
As at 1 January 2024 13,492,913 687,633 169,098 594,699
Roads & Fencing Total
£ £
Cost
As at 1 January 2024 - 17,850,035
Additions 52,683 4,923,649
Disposals - (207,998 )
As at 31 December 2024 52,683 22,565,686
Depreciation
As at 1 January 2024 - 2,905,692
...CONTINUED
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Provided during the period 5,268 563,217
Disposals - (1,826 )
As at 31 December 2024 5,268 3,467,083
Net Book Value
As at 31 December 2024 47,415 19,098,603
As at 1 January 2024 - 14,944,343
6. Investments
Listed
£
Cost
As at 1 January 2024 7,095,588
Additions 100,750
Disposals (4,481,617 )
Revaluations (69,578 )
As at 31 December 2024 2,645,143
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 2,645,143
As at 1 January 2024 7,095,588
Investments relate to shares held within Investment Portfolios managed by Mr T P Radford. Revaluation reflects the unrealised gains/losses between original purchase price at cost and market value at the period end.
7. Stocks
2024 2023
£ £
Finished goods 25,696 6,286
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 63,895 45,504
Prepayments and accrued income 311,966 299,734
VAT 201,781 109,522
577,642 454,760
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9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,152
Trade creditors 592,006 292,997
Corporation tax - 27,780
Other taxes and social security - 1,377
Other creditors 306 -
Credit card balance 9,962 5,743
AMC loans <1 year 82,982 88,466
Accrued expenses 335,631 211,888
Coronavirus Business Interruption Loan within one year 45,455 45,455
1,066,342 675,858
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Loan from Mr T. P. Radford 605,612 2,603,694
AMC Loan Hydro 1,100,696 1,174,402
Coronavirus Business Interruption Loan after one year 15,151 64,394
1,721,459 3,842,490
11. Secured Creditors
Agricultural Mortgage Corporation plc held both a floating charge over the property and undertakings of the company and a standard security over the property known as Benmore Forest Estate, both in regards to the mortgages from AMC plc. Glen Forsa Forest, part of this property undertaking, was released on 11 July 2023 and no longer forms part of the charge.
On 12 January 2022, the Bank of Scotland was granted a floating charge over the company assets.
Of the creditors falling due within and after more than one year the following amounts are secured.
Bank Loan - Coronavirus Business Interruption Loan
Other Creditor - Agricultural Mortgage Corporation plc
2024 2023
£ £
Bank loans and overdrafts 60,606 109,848
Other Creditors 1,183,678 1,262,868
12. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 2,152
13. Deferred Taxation
The provision for deferred taxation is due to timing effect of accelerated capital allowances
2024 2023
£ £
Other timing differences 1,430,278 986,548
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14. Share Capital
2024 2023
Allotted, called up and fully paid £ £
7,000,000 Ordinary Shares of £ 1.000 each 7,000,000 7,000,000
Preference Shares
2024 2023
Allotted, called up and fully paid £ £
8,000,000 Preference Shares of £ 1.000 each 8,000,000 6,000,000
During the year the company issued 2,000,000 Preference Shares of £1 each and an aggregate nominal value of £2,000,000. These shares were allotted as capitalisation of a loan.  These shares carry no right to a dividend nor a right to vote; rank equally with Ordinary Shares on distribution of assets and are redeemable in full on giving notice to the company.
15. Directors Advances, Credits and Guarantees
Included within creditors is the following loan from a director:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Timothy Radford 2,603,694 282,028 2,280,110 - 605,612
The above loan is unsecured, interest free and repayable on demand.
16. Related Party Transactions
During the years ended 31 December 2024, Benmore Estate Limited paid management fees of £72,000 (2023 - £72,000) to T P Radford, the Managing Director and sole shareholder of Benmore Estate Limited.
17. Ultimate Controlling Party
The company's controlling party is Timothy Piers Radford by virtue of his ownership of 100% of the issued share capital in the company.
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