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REGISTERED NUMBER: SC407077 (Scotland)








































Croc Mhor Farms Limited

Unaudited Financial Statements

for the year ended

30th September 2024






Croc Mhor Farms Limited (Registered number: SC407077)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 5


Croc Mhor Farms Limited

Company Information
for the year ended 30th September 2024







Director: Mrs N McClung





Registered office: Glenburnie
Eden Grove
Gordon
Berwickshire
TD3 6JU





Registered number: SC407077 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Croc Mhor Farms Limited (Registered number: SC407077)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 21,744 23,277

Current assets
Stocks 43,565 49,840
Debtors 5 279,809 307,640
Cash at bank 64,384 90,824
387,758 448,304
Creditors
Amounts falling due within one year 6 5,974 14,415
Net current assets 381,784 433,889
Total assets less current liabilities 403,528 457,166

Capital and reserves
Called up share capital 186 186
Share premium 553,341 553,341
Capital redemption reserve 101 101
Retained earnings (150,100 ) (96,462 )
Shareholders' funds 403,528 457,166

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 19th June 2025 and were signed by:





Mrs N McClung - Director


Croc Mhor Farms Limited (Registered number: SC407077)

Notes to the Financial Statements
for the year ended 30th September 2024

1. Statutory information

Croc Mhor Farms 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.

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

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land - Nil
Plant and machinery - 15% on reducing balance
Office equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

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

Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stocks to completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade creditors, accruals, other loans and directors' loans.

Directors' loans (being repayable on demand) ,other loans, accruals and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Croc Mhor Farms Limited (Registered number: SC407077)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

2. Accounting policies - continued
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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
Although the company has made a loss in the year, the director has considered the company's financial position for a period of 12 months from the date of signing these financial statements and has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, she continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was NIL (2023 - 1 ).

4. Tangible fixed assets
Plant and Office
Land machinery equipment Totals
£    £    £    £   
Cost
At 1st October 2023
and 30th September 2024 13,055 20,037 541 33,633
Depreciation
At 1st October 2023 - 9,815 541 10,356
Charge for year - 1,533 - 1,533
At 30th September 2024 - 11,348 541 11,889
Net book value
At 30th September 2024 13,055 8,689 - 21,744
At 30th September 2023 13,055 10,222 - 23,277

5. Debtors
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 219,455 235,296

Croc Mhor Farms Limited (Registered number: SC407077)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

5. Debtors - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 60,354 72,344

Aggregate amounts 279,809 307,640

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 988 5,215
Taxation and social security 873 5,087
Other creditors 4,113 4,113
5,974 14,415

7. Director's advances, credits and guarantees

The following advances and credits to director subsisted during the years ended 30 September 2024 and 30 September 2023:

20242023
££
Director 1
Balance outstanding at start of year219,242256,134
Amounts advanced27,95412,802
Amounts repaid(40,972)(49,694)
Balance outstanding at end of year206,224219,242

These loans are unsecured and repayable on demand. Interest is charged by the company at the official rate published by HMRC.