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REGISTERED NUMBER: SC364803 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Bachlaw Limited

Bachlaw Limited (Registered number: SC364803)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 10

Bachlaw Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs S L Davis
H W McLeay
J S McLeay
J W McLeay





SECRETARY: Mrs S L Davis





REGISTERED OFFICE: Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB





BUSINESS ADDRESS: The Brighter Horizons Centre
Institution Street
MACDUFF
AB44 1UT





REGISTERED NUMBER: SC364803 (Scotland)





ACCOUNTANTS: Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB

Bachlaw Limited (Registered number: SC364803)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 17,116 18,808
Tangible assets 5 1,613,015 1,664,035
Investments 6 10,240 10,240
Investment property 7 370,000 370,000
2,010,371 2,063,083

CURRENT ASSETS
Stocks 5,985 5,865
Debtors 8 2,529,196 2,454,336
Cash at bank and in hand 431,706 400,530
2,966,887 2,860,731
CREDITORS
Amounts falling due within one
year

9

(328,544

)

(363,185

)
NET CURRENT ASSETS 2,638,343 2,497,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,648,714

4,560,629

PROVISIONS FOR LIABILITIES (92,835 ) (95,978 )
NET ASSETS 4,555,879 4,464,651

CAPITAL AND RESERVES
Called up share capital 73 73
Capital redemption reserve 27 27
Fair value reserve 11 6,594 6,594
Retained earnings 4,549,185 4,457,957
SHAREHOLDERS' FUNDS 4,555,879 4,464,651

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Bachlaw Limited (Registered number: SC364803)

Balance Sheet - continued
30 September 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 23 June 2025 and were signed on its behalf by:




H W McLeay - Director Mrs S L Davis - Director




J S McLeay - Director J W McLeay - Director


Bachlaw Limited (Registered number: SC364803)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Bachlaw 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable for services rendered during the year.

Fishing licence
The fishing licence is being amortised evenly over its estimated useful life of 15 years.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Structures - 2% on cost
Improvements to property - 10% on cost
Boat - Straight line over 15 years
Farming equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.


Bachlaw Limited (Registered number: SC364803)

Notes to the Financial Statements - continued
for the Year Ended 30 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Fishing
licence
£   
COST
At 1 October 2023
and 30 September 2024 33,600
AMORTISATION
At 1 October 2023 14,792
Amortisation for year 1,692
At 30 September 2024 16,484
NET BOOK VALUE
At 30 September 2024 17,116
At 30 September 2023 18,808

The intangible asset relates to an entitlement for a registered vessel of 4.1 tonnes, 97kws, licence to have a shellfish entitlement.

Bachlaw Limited (Registered number: SC364803)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property Structures Horses property
£    £    £    £   
COST
At 1 October 2023 742,170 792,637 19,697 481,316
Additions - - 524 7,322
Disposals - - (14,697 ) -
At 30 September
2024

742,170

792,637

5,524

488,638
DEPRECIATION
At 1 October 2023 146,943 143,340 4,951 427,333
Charge for year 14,845 15,853 276 9,850
Eliminated on disposal - - (3,701 ) -
At 30 September
2024

161,788

159,193

1,526

437,183
NET BOOK VALUE
At 30 September
2024

580,382

633,444

3,998

51,455
At 30 September
2023

595,227

649,297

14,746

53,983

Farming Motor
Boat equipment vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 97,740 205,561 215,581 100,649 2,655,351
Additions - - 57,340 24,955 90,141
Disposals - - (34,828 ) (1,133 ) (50,658 )
At 30 September
2024

97,740

205,561

238,093

124,471

2,694,834
DEPRECIATION
At 1 October 2023 42,949 94,860 76,781 54,159 991,316
Charge for year 6,520 16,606 46,970 10,671 121,591
Eliminated on disposal - - (26,563 ) (824 ) (31,088 )
At 30 September
2024

49,469

111,466

97,188

64,006

1,081,819
NET BOOK VALUE
At 30 September
2024

48,271

94,095

140,905

60,465

1,613,015
At 30 September
2023

54,791

110,701

138,800

46,490

1,664,035

Bachlaw Limited (Registered number: SC364803)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 10,240
NET BOOK VALUE
At 30 September 2024 10,240
At 30 September 2023 10,240

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 370,000
NET BOOK VALUE
At 30 September 2024 370,000
At 30 September 2023 370,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2020 6,594
Cost 363,406
370,000

If investment properties had not been revalued it would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 386,602 386,602
Aggregate depreciation (74,828 ) (67,096 )

Investment properties were valued on an open market basis on 30 September 2020 by DM Hall Chartered Surveyors .

The investment properties were not re-valued by an independent valuer at the balance sheet date, in the opinion of the directors the value of the investment properties has not altered since the last independent valuation in September 2020.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 135,534 179,873
Loans 2,364,761 2,211,869
Directors' loan accounts 900 900
Prepayments 28,001 61,694
2,529,196 2,454,336

Bachlaw Limited (Registered number: SC364803)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 43,785 25,680
Tax 112,041 29,072
PAYE 37,719 40,256
Prepaid income 106,447 243,082
Accrued expenses 28,552 25,095
328,544 363,185

10. SECURED DEBTS

Royal Bank of Scotland plc hold the following security:

A Bond and Floating charge over the assets of the company.

A standard security over the property at Upper Seaview, Glenbarry, Cornhill, Banff.

A standard security over the property at "Milden", 28 Seafield Street, Banff.

11. RESERVES
Fair
value
reserve
£   
At 1 October 2023
and 30 September 2024 6,594

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.9.24 30.9.23
£    £   
J W McLeay
Balance outstanding at start of year 900 900
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 900 900

Advances and repayments during the year have been summarised. The above loan is unsecured, interest free and repayable on demand.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £200,000 were paid to the directors .

Bachlaw Limited (Registered number: SC364803)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

13. RELATED PARTY DISCLOSURES - continued

During the year the company increased the amount loaned to Brighter Horizons (Bachlaw) Limited (a not-for-profit company limited by guarantee) by £27,050 leaving a balance of £257,016 (2023 £229,966). This loan is unsecured, interest free and repayable on demand.

There was no movement in the loan to Home Bakery (Macduff) Ltd (100% subsidiary) during the year. The balance in 2024 and 2023 was £624,790 and this loan is unsecured, interest free and repayable on demand.


During the year the company increased the amount loaned to the Fife Lodge Hotel Ltd (100% subsidiary) by £57,257 leaving a balance of £1,014,706 (2023 £957,449). This loan is unsecured, interest free and repayable on demand.


Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bachlaw Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bachlaw Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Bachlaw Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bachlaw Limited and state those matters that we have agreed to state to the Board of Directors of Bachlaw Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bachlaw Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bachlaw Limited. You consider that Bachlaw Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bachlaw Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/publicinterest/memberregulations.






Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB


27 June 2025