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REGISTERED NUMBER: SC785535 (Scotland)








































Milne Graden Limited

Unaudited Financial Statements

for the period

10th October 2023 to 31st October 2024






Milne Graden Limited (Registered number: SC785535)






Contents of the Financial Statements
for the period 10th October 2023 to 31st October 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


Milne Graden Limited

Company Information
for the period 10th October 2023 to 31st October 2024







Directors: N Peachey
R Fay





Secretary: Brodies Secretarial Services Limited





Registered office: Milne Graden House
Milne Graden Estate
Coldstream
TD12 4HE





Registered number: SC785535 (Scotland)





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

Milne Graden Limited (Registered number: SC785535)

Balance Sheet
31st October 2024

Notes £    £   
Fixed assets
Intangible assets 4 15,458
Tangible assets 5 715,733
731,191

Current assets
Stocks 125,543
Debtors 6 133,160
Investments 7 50
Cash at bank 86,553
345,306
Creditors
Amounts falling due within one year 8 214,780
Net current assets 130,526
Total assets less current liabilities 861,717

Creditors
Amounts falling due after more than one
year

9

1,080,307
Net liabilities (218,590 )

Capital and reserves
Called up share capital 1
Retained earnings (218,591 )
(218,590 )

Milne Graden Limited (Registered number: SC785535)

Balance Sheet - continued
31st October 2024


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 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.

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 Board of Directors and authorised for issue on 2nd July 2025 and were signed on its behalf by:




N Peachey - Director



R Fay - Director


Milne Graden Limited (Registered number: SC785535)

Notes to the Financial Statements
for the period 10th October 2023 to 31st October 2024

1. Statutory information

Milne Graden 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 represents the total invoice value, excluding value added tax, of sales made during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised over the life of the contract as the performance obligations are satisfied.

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

BPS entitlements bought in the year ended 31st October 2024 will be amortised over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property improvements - not provided
Fixtures and fittings - 20% on reducing balance
Equipment - 20% on reducing balance
Tractors - 20% on reducing balance

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.

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

Trade debtors, trade creditors, other loans and accruals 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.


Milne Graden Limited (Registered number: SC785535)

Notes to the Financial Statements - continued
for the period 10th October 2023 to 31st October 2024

2. Accounting policies - continued
Taxation
Taxation for the period 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.

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 period 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
The continued trading of the company is dependent on the future support of the ultimate controlling party through their loan account. They have made a commitment not to seek repayment of the loan within the foreseeable future and the accounts have therefore been prepared on the going concern basis.

3. Employees and directors

The average number of employees during the period was 6 .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
Additions 15,458
At 31st October 2024 15,458
Net book value
At 31st October 2024 15,458

Milne Graden Limited (Registered number: SC785535)

Notes to the Financial Statements - continued
for the period 10th October 2023 to 31st October 2024

5. Tangible fixed assets
Fixtures
Property and
improvements fittings Equipment Tractors Totals
£    £    £    £    £   
Cost
Additions 379,583 171,347 71,824 102,145 724,899
At 31st October 2024 379,583 171,347 71,824 102,145 724,899
Depreciation
Charge for period - 1,669 684 6,813 9,166
At 31st October 2024 - 1,669 684 6,813 9,166
Net book value
At 31st October 2024 379,583 169,678 71,140 95,332 715,733

6. Debtors: amounts falling due within one year
£   
Trade debtors 69,238
Other debtors 63,922
133,160

7. Current asset investments
£   
Unlisted investments 50

8. Creditors: amounts falling due within one year
£   
Trade creditors 208,280
Other creditors 6,500
214,780

9. Creditors: amounts falling due after more than one year
£   
Other creditors 1,080,307