Silverfin false false 31/01/2025 01/02/2024 31/01/2025 The Earl Of Dalhousie 11/04/1995 Alan Johnston 23/11/2020 Lord Ramsay 13/09/2017 16 May 2025 The principal activity of the company during the financial year was the running of a garden centre and coffee shop. SC154663 2025-01-31 SC154663 bus:Director1 2025-01-31 SC154663 bus:Director2 2025-01-31 SC154663 bus:Director3 2025-01-31 SC154663 2024-01-31 SC154663 core:CurrentFinancialInstruments 2025-01-31 SC154663 core:CurrentFinancialInstruments 2024-01-31 SC154663 core:Non-currentFinancialInstruments 2025-01-31 SC154663 core:Non-currentFinancialInstruments 2024-01-31 SC154663 core:ShareCapital 2025-01-31 SC154663 core:ShareCapital 2024-01-31 SC154663 core:SharePremium 2025-01-31 SC154663 core:SharePremium 2024-01-31 SC154663 core:CapitalRedemptionReserve 2025-01-31 SC154663 core:CapitalRedemptionReserve 2024-01-31 SC154663 core:RetainedEarningsAccumulatedLosses 2025-01-31 SC154663 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC154663 core:LandBuildings 2024-01-31 SC154663 core:PlantMachinery 2024-01-31 SC154663 core:Vehicles 2024-01-31 SC154663 core:LandBuildings 2025-01-31 SC154663 core:PlantMachinery 2025-01-31 SC154663 core:Vehicles 2025-01-31 SC154663 core:CurrentFinancialInstruments core:Secured 2025-01-31 SC154663 2023-01-31 SC154663 bus:OrdinaryShareClass1 2025-01-31 SC154663 2024-02-01 2025-01-31 SC154663 bus:FilletedAccounts 2024-02-01 2025-01-31 SC154663 bus:SmallEntities 2024-02-01 2025-01-31 SC154663 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 SC154663 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC154663 bus:Director1 2024-02-01 2025-01-31 SC154663 bus:Director2 2024-02-01 2025-01-31 SC154663 bus:Director3 2024-02-01 2025-01-31 SC154663 core:LandBuildings core:TopRangeValue 2024-02-01 2025-01-31 SC154663 core:PlantMachinery core:TopRangeValue 2024-02-01 2025-01-31 SC154663 core:Vehicles core:TopRangeValue 2024-02-01 2025-01-31 SC154663 2023-02-01 2024-01-31 SC154663 core:LandBuildings 2024-02-01 2025-01-31 SC154663 core:PlantMachinery 2024-02-01 2025-01-31 SC154663 core:Vehicles 2024-02-01 2025-01-31 SC154663 core:CurrentFinancialInstruments 2024-02-01 2025-01-31 SC154663 core:Non-currentFinancialInstruments 2024-02-01 2025-01-31 SC154663 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 SC154663 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC154663 (Scotland)

BRECHIN CASTLE CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH THE REGISTRAR

BRECHIN CASTLE CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025

Contents

BRECHIN CASTLE CENTRE LIMITED

BALANCE SHEET

AS AT 31 JANUARY 2025
BRECHIN CASTLE CENTRE LIMITED

BALANCE SHEET (continued)

AS AT 31 JANUARY 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 1,208,599 1,164,603
1,208,599 1,164,603
Current assets
Stocks 622,869 579,561
Debtors 4 94,608 602,472
Cash at bank and in hand 213,863 235,559
931,340 1,417,592
Creditors: amounts falling due within one year 5 ( 282,847) ( 268,902)
Net current assets 648,493 1,148,690
Total assets less current liabilities 1,857,092 2,313,293
Creditors: amounts falling due after more than one year 6 ( 20,309) ( 90,309)
Provision for liabilities 7, 8 ( 45,063) ( 54,844)
Net assets 1,791,720 2,168,140
Capital and reserves
Called-up share capital 9 1,114 1,114
Share premium account 399,478 399,478
Capital redemption reserve 137 137
Profit and loss account 1,390,991 1,767,411
Total shareholders' funds 1,791,720 2,168,140

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Brechin Castle Centre Limited (registered number: SC154663) were approved and authorised for issue by the Board of Directors on 16 May 2025. They were signed on its behalf by:

The Earl Of Dalhousie
Director
BRECHIN CASTLE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
BRECHIN CASTLE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Brechin Castle Centre Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Dalhousie Estate Office West Lodge, Maulesden, Brechin, DD9 6RL, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover represents garden centre and coffee shop sales net of VAT and trade discounts.

Revenue from the sale of garden centre and coffee shop goods is recognised on a cash basis at the point of sale.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 30 years straight line
Plant and machinery 5 years straight line
Vehicles 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 64 62

3. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 February 2024 2,818,697 444,542 28,695 3,291,934
Additions 185,814 19,654 0 205,468
At 31 January 2025 3,004,511 464,196 28,695 3,497,402
Accumulated depreciation
At 01 February 2024 1,827,882 280,648 18,801 2,127,331
Charge for the financial year 101,415 53,808 6,249 161,472
At 31 January 2025 1,929,297 334,456 25,050 2,288,803
Net book value
At 31 January 2025 1,075,214 129,740 3,645 1,208,599
At 31 January 2024 990,815 163,894 9,894 1,164,603

4. Debtors

2025 2024
£ £
Trade debtors 29,366 38,901
Other debtors 65,242 563,571
94,608 602,472

5. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans and overdrafts (secured) 70,000 92,842
Trade creditors 45,384 37,088
Taxation and social security 88,647 71,935
Other creditors 78,816 67,037
282,847 268,902

The bank loan is secured by a floating charge over the properties.

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans (secured) 17,500 87,500
Other creditors 2,809 2,809
20,309 90,309

The bank loan is secured by a floating charge over the properties.

7. Provision for liabilities

2025 2024
£ £
Deferred tax 45,063 54,844

8. Deferred tax

2025 2024
£ £
At the beginning of financial year ( 54,844) ( 51,800)
Credited/(charged) to the Profit and Loss Account 9,781 ( 3,044)
At the end of financial year ( 45,063) ( 54,844)

9. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
111,346 Ordinary shares of £ 0.01 each 1,113 1,113

10. Financial commitments

Commitments

Capital commitments are as follows:

2025 2024
£ £
Contracted for but not provided for:
Tangible fixed assets 343,374 0

11. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Amount owed by directors 0 443,536

Advances

Advances totalling £0 were made in this period and £443,536 was repaid. Interest of £7,382 has been charged on this loan at a rate of 2.25%. The above loan was unsecured and has been repaid in full in this period.