IRIS Accounts Production v25.1.3.33 SC501047 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5010472023-05-31SC5010472024-05-31SC5010472023-06-012024-05-31SC5010472022-05-31SC5010472022-06-012023-05-31SC5010472023-05-31SC501047ns15:Scotland2023-06-012024-05-31SC501047ns14:PoundSterling2023-06-012024-05-31SC501047ns10:Director12023-06-012024-05-31SC501047ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31SC501047ns10:SmallEntities2023-06-012024-05-31SC501047ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-31SC501047ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-31SC501047ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-31SC501047ns10:FullAccounts2023-06-012024-05-31SC50104712023-06-012024-05-31SC501047ns10:Director22023-06-012024-05-31SC501047ns10:Director32023-06-012024-05-31SC501047ns10:RegisteredOffice2023-06-012024-05-31SC501047ns5:CurrentFinancialInstruments2024-05-31SC501047ns5:CurrentFinancialInstruments2023-05-31SC501047ns5:Non-currentFinancialInstruments2024-05-31SC501047ns5:Non-currentFinancialInstruments2023-05-31SC501047ns5:ShareCapital2024-05-31SC501047ns5:ShareCapital2023-05-31SC501047ns5:RetainedEarningsAccumulatedLosses2024-05-31SC501047ns5:RetainedEarningsAccumulatedLosses2023-05-31SC501047ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-31SC501047ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-06-012024-05-31SC501047ns5:LandBuildings2023-06-012024-05-31SC501047ns5:PlantMachinery2023-06-012024-05-31SC501047ns5:IntangibleAssetsOtherThanGoodwill2023-05-31SC501047ns5:IntangibleAssetsOtherThanGoodwill2024-05-31SC501047ns5:IntangibleAssetsOtherThanGoodwill2023-05-31SC501047ns5:LandBuildings2023-05-31SC501047ns5:PlantMachinery2023-05-31SC501047ns5:LandBuildings2024-05-31SC501047ns5:PlantMachinery2024-05-31SC501047ns5:LandBuildings2023-05-31SC501047ns5:PlantMachinery2023-05-31SC501047ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-31SC501047ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-012024-05-31SC501047ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-05-31SC501047ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-31SC501047ns5:CostValuation2023-05-31SC501047ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-31SC501047ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31SC501047ns5:Secured2024-05-31SC501047ns5:Secured2023-05-31
REGISTERED NUMBER: SC501047 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

C J GRANT & PARTNER LIMITED

C J GRANT & PARTNER LIMITED (REGISTERED NUMBER: SC501047)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C J GRANT & PARTNER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: C J Grant
C Grant
J M Clyne





REGISTERED OFFICE: Kindrought
Strichen
Fraserburgh
Aberdeenshire
AB43 6RJ





REGISTERED NUMBER: SC501047 (Scotland)

C J GRANT & PARTNER LIMITED (REGISTERED NUMBER: SC501047)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 1,000 1,000
Tangible assets 6 2,206,258 1,572,836
Investments 7 500 500
2,207,758 1,574,336

CURRENT ASSETS
Stocks 394,843 610,245
Debtors 8 372,493 478,534
Biological current assets 9 838,727 859,243
1,606,063 1,948,022
CREDITORS
Amounts falling due within one year 10 1,646,881 1,980,550
NET CURRENT LIABILITIES (40,818 ) (32,528 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,166,940

1,541,808

CREDITORS
Amounts falling due after more than one
year

11

(643,696

)

(744,530

)

PROVISIONS FOR LIABILITIES (139,594 ) (111,874 )
NET ASSETS 1,383,650 685,404

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,383,450 685,204
SHAREHOLDERS' FUNDS 1,383,650 685,404

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

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

The directors acknowledge their 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.

C J GRANT & PARTNER LIMITED (REGISTERED NUMBER: SC501047)

BALANCE SHEET - continued
31 MAY 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 Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





C J Grant - Director


C J GRANT & PARTNER LIMITED (REGISTERED NUMBER: SC501047)

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

1. STATUTORY INFORMATION

C J Grant & Partner 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 4% on cost
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

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

C J GRANT & PARTNER LIMITED (REGISTERED NUMBER: SC501047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. ACCOUNTING POLICIES - continued

Biological assets
The company owns laying poultry, feeding cattle and growing crops.

In accordance with FRS102, these assets are defined as biological assets. They are all held at fair value less costs to sell. Any changes in fair value are recognised in the profit and loss account.

In determining fair value the company has considered the active market in its present location and condition and the quoted price in that market. Where an active market does not exist, the most recent market transaction price, market price for similar assets and sector benchmarks have been considered.

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
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 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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

C J GRANT & PARTNER LIMITED (REGISTERED NUMBER: SC501047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 1,000
NET BOOK VALUE
At 31 May 2024 1,000
At 31 May 2023 1,000

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 1,182,626 788,162 1,970,788
Additions 485,345 273,297 758,642
Disposals - (18,717 ) (18,717 )
At 31 May 2024 1,667,971 1,042,742 2,710,713
DEPRECIATION
At 1 June 2023 88,026 309,926 397,952
Charge for year 12,434 101,956 114,390
Eliminated on disposal - (7,887 ) (7,887 )
At 31 May 2024 100,460 403,995 504,455
NET BOOK VALUE
At 31 May 2024 1,567,511 638,747 2,206,258
At 31 May 2023 1,094,600 478,236 1,572,836

C J GRANT & PARTNER LIMITED (REGISTERED NUMBER: SC501047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023 153,500
Additions 9,950
At 31 May 2024 163,450
DEPRECIATION
At 1 June 2023 7,025
Charge for year 28,369
At 31 May 2024 35,394
NET BOOK VALUE
At 31 May 2024 128,056
At 31 May 2023 146,475

7. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 500
NET BOOK VALUE
At 31 May 2024 500
At 31 May 2023 500

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 257,458 344,430
Other debtors 115,035 134,104
372,493 478,534

C J GRANT & PARTNER LIMITED (REGISTERED NUMBER: SC501047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. BIOLOGICAL ASSETS

Livestock Crops Totals
£ £ £
COST
At 1 June 2023 1,073,439 124,496 1,197,935
Increase resulting from purchases 1,016,914 206,975 1,223,889
Decrease attributable to sales (872,665 ) - (872,665 )
Movements due to physical changes (101,150 ) (191,137 ) (292,287 )
At 31 May 2024 1,116,538 140,334 1,256,872

DEPRECIATION
At 1 June 2023 338,692 - 338,692
Movement in year 79,453 - 79,453
At 31 May 2024 418,145 - 418,145

CARRYING AMOUNT
At 31 May 2024 698,393 140,334 838,727
At 31 May 2023 734,747 124,496 859,243

Livestock Crops Totals
£ £ £
Carrying amount at 31 May 2024 classified as:
Current assets 698,393 140,334 838,727
698,393 140,334 838,727

Carrying amount at 31 May 2023 classified as:
Current assets 734,747 124,496 859,243
734,747 124,496 859,243

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 717,879 727,397
Hire purchase contracts 24,311 30,856
Trade creditors 409,203 921,286
Taxation and social security 146,672 34,916
Other creditors 348,816 266,095
1,646,881 1,980,550

C J GRANT & PARTNER LIMITED (REGISTERED NUMBER: SC501047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 469,385 549,530
Hire purchase contracts 24,311 45,000
Other creditors 150,000 150,000
643,696 744,530

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 299,200 319,190

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 546,385 623,286

The bank loan is secured by means of a floating charge over the land and property of the company.

13. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their 100% shareholding.