Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302025-05-222023-12-01falseNo description of principal activity32falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC159564 2023-12-01 2024-11-30 SC159564 2022-12-01 2023-11-30 SC159564 2024-11-30 SC159564 2023-11-30 SC159564 c:Director1 2023-12-01 2024-11-30 SC159564 c:Director1 2024-11-30 SC159564 c:Director2 2023-12-01 2024-11-30 SC159564 c:RegisteredOffice 2023-12-01 2024-11-30 SC159564 d:Buildings 2023-12-01 2024-11-30 SC159564 d:Buildings 2024-11-30 SC159564 d:Buildings 2023-11-30 SC159564 d:Buildings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC159564 d:PlantMachinery 2023-12-01 2024-11-30 SC159564 d:PlantMachinery 2024-11-30 SC159564 d:PlantMachinery 2023-11-30 SC159564 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC159564 d:MotorVehicles 2023-12-01 2024-11-30 SC159564 d:MotorVehicles 2024-11-30 SC159564 d:MotorVehicles 2023-11-30 SC159564 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC159564 d:OfficeEquipment 2023-12-01 2024-11-30 SC159564 d:OfficeEquipment 2024-11-30 SC159564 d:OfficeEquipment 2023-11-30 SC159564 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC159564 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC159564 d:CurrentFinancialInstruments 2024-11-30 SC159564 d:CurrentFinancialInstruments 2023-11-30 SC159564 d:Non-currentFinancialInstruments 2024-11-30 SC159564 d:Non-currentFinancialInstruments 2023-11-30 SC159564 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 SC159564 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 SC159564 d:ShareCapital 2024-11-30 SC159564 d:ShareCapital 2023-11-30 SC159564 d:RetainedEarningsAccumulatedLosses 2024-11-30 SC159564 d:RetainedEarningsAccumulatedLosses 2023-11-30 SC159564 c:OrdinaryShareClass1 2023-12-01 2024-11-30 SC159564 c:OrdinaryShareClass1 2024-11-30 SC159564 c:OrdinaryShareClass1 2023-11-30 SC159564 c:FRS102 2023-12-01 2024-11-30 SC159564 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC159564 c:FullAccounts 2023-12-01 2024-11-30 SC159564 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC159564 e:PoundSterling 2023-12-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC159564










WESTER BRAIKIE FARMS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

 
WESTER BRAIKIE FARMS LIMITED
 

COMPANY INFORMATION


Directors
R W Nicoll (resigned 12 December 2024)
A S Geddes 




Registered number
SC159564



Registered office
14 City Quay

Dundee

DD1 3JA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
WESTER BRAIKIE FARMS LIMITED
REGISTERED NUMBER: SC159564

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 5 
778,492
-

Investments
 6 
60
-

  
778,552
-

Current assets
  

Stocks
  
200,595
-

Debtors
 7 
85,698
768,764

Cash at bank and in hand
  
263,101
-

  
549,394
768,764

Creditors: amounts falling due within one year
 8 
(377,920)
(2,151)

Net current assets
  
 
 
171,474
 
 
766,613

Total assets less current liabilities
  
950,026
766,613

Provisions for liabilities
  

Deferred tax
  
(78,902)
-

  
 
 
(78,902)
 
 
-

Net assets
  
871,124
766,613


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
871,024
766,513

  
871,124
766,613


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 22 May 2025.


Page 1

 
WESTER BRAIKIE FARMS LIMITED
REGISTERED NUMBER: SC159564

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2024



A S Geddes
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
WESTER BRAIKIE FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

The company is limited by shares and incorporated in Scotland. The address of the registered office is 14 City Quay, Dundee, DD1 3JA.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Company's business

The company's business was farming through participation in the partnership of Wester Braikie Farms up to 29 February 2024. From 1 March 2024 the trade transferred to the company and it is now farming in its own right. 


3.


Agricultural support schemes

Income from the Basic Payment Scheme is not recognised until 31 December of the relevant scheme year, when all conditions of the scheme have been complied with.  

 
3.1

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
3.2

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
WESTER BRAIKIE FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
3.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
3.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.


Plant and machinery
-
12.5 %
Motor vehicles
-
25%
Office equipment
-
12.5%

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.

Page 4

 
WESTER BRAIKIE FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
3.5

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.

 
3.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

Page 5
 


 
WESTER BRAIKIE FARMS LIMITED


 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


5.


TANGIBLE FIXED ASSETS






Property Improvements
Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


Additions
340,643
513,819
4,663
2,839
861,964


Disposals
-
(37,689)
-
-
(37,689)



At 30 November 2024

340,643
476,130
4,663
2,839
824,275



Depreciation


Charge for the year on owned assets
-
44,640
875
268
45,783



At 30 November 2024

-
44,640
875
268
45,783



Net book value



At 30 November 2024
340,643
431,490
3,788
2,571
778,492



At 30 November 2023
-
-
-
-
-

Page 6
 
WESTER BRAIKIE FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Fixed asset investments





Trade investments

£





Additions
60



At 30 November 2024
60





7.


Debtors

2024
2023
£
£

Due after more than one year

Trade debtors
61,203
-

Amounts owed by joint ventures and associated undertakings
-
700,000

61,203
700,000

Due within one year

Amounts owed by joint ventures and associated undertakings
-
68,764

Other debtors
22,459
-

Prepayments and accrued income
2,036
-

85,698
768,764


Page 7

 
WESTER BRAIKIE FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
24,398
-

Other taxation and social security
5,000
1,476

Obligations under finance lease and hire purchase contracts
51,012
-

Other creditors
289,671
-

Accruals and deferred income
7,839
675

377,920
2,151



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) ordinary shares of £1.00 each
100
100



Page 8