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REGISTERED NUMBER: SC124137 (Scotland)











Financial Statements for the Year Ended 31st December 2024

for

Moorbrock Estate Limited

Moorbrock Estate Limited (Registered number: SC124137)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Moorbrock Estate Limited

Company Information
for the Year Ended 31st December 2024







DIRECTOR: T Enggaard





REGISTERED OFFICE: Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA





REGISTERED NUMBER: SC124137 (Scotland)





AUDITORS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Moorbrock Estate Limited (Registered number: SC124137)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 50,236,324 50,152,999
Investments 5 5,000 -
50,241,324 50,152,999

CURRENT ASSETS
Inventories 25,000 23,000
Debtors 6 2,077,694 182,867
Cash at bank 88,937 1,062,307
2,191,631 1,268,174
CREDITORS
Amounts falling due within one year 7 826,499 324,906
NET CURRENT ASSETS 1,365,132 943,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,606,456

51,096,267

PROVISIONS FOR LIABILITIES 11,949,183 11,949,183
NET ASSETS 39,657,273 39,147,084

CAPITAL AND RESERVES
Called up share capital 1,698,000 1,698,000
Revaluation reserve 8 35,713,016 35,713,016
Retained earnings 2,246,257 1,736,068
39,657,273 39,147,084

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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th June 2025 and were signed by:





T Enggaard - Director


Moorbrock Estate Limited (Registered number: SC124137)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Moorbrock Estate 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 the 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, other than land & buildings which are carried at valuation.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on reducing balance and 10% on reducing balance

Land & buildings are carried at valuation. No depreciation is charged as the director is of the opinion that the realisable value is at least equal to the carrying value. Regular repairs and improvements are made to property to maintain the quality.

Amounts written off each other asset over the estimated useful life represent cost less residual value.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

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

Stocks
Inventories 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.

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.

Moorbrock Estate Limited (Registered number: SC124137)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2024 49,973,621 373,296 50,346,917
Additions - 115,430 115,430
At 31st December 2024 49,973,621 488,726 50,462,347
DEPRECIATION
At 1st January 2024 - 193,918 193,918
Charge for year - 32,105 32,105
At 31st December 2024 - 226,023 226,023
NET BOOK VALUE
At 31st December 2024 49,973,621 262,703 50,236,324
At 31st December 2023 49,973,621 179,378 50,152,999

Moorbrock Estate Limited (Registered number: SC124137)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 5,000
At 31st December 2024 5,000
NET BOOK VALUE
At 31st December 2024 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 141,701 182,867
Amounts owed by group undertakings 1,924,002 -
Other debtors 11,991 -
2,077,694 182,867

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,724 5,207
Taxation and social security 186,567 204,714
Other creditors 635,208 114,985
826,499 324,906

8. RESERVES
Revaluation
reserve
£   
At 1st January 2024
and 31st December 2024 35,713,016

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gerald McGill (Senior Statutory Auditor)
for and on behalf of Farries Kirk & McVean