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REGISTERED NUMBER: SC050185 (Scotland)










Unaudited Financial Statements

for the Year Ended 29 November 2024

for

Woodneuk Farm Ltd

Woodneuk Farm Ltd (Registered number: SC050185)






Contents of the Financial Statements
for the Year Ended 29 November 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Woodneuk Farm Ltd

Company Information
for the Year Ended 29 November 2024







DIRECTORS: W A M Thomson
Mrs E M Mitchell





SECRETARY: Mrs E M Mitchell





REGISTERED OFFICE: Woodneuk Farm
Hillside Road
Barrhead
GLASGOW
G78 1ES





REGISTERED NUMBER: SC050185 (Scotland)





ACCOUNTANTS: T B Dunn & Co
Ground Floor (part)
8000 Academy Business Park
51 Gower Street
GLASGOW
G51 1PR

Woodneuk Farm Ltd (Registered number: SC050185)

Abridged Balance Sheet
29 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,024,684 974,298
Investments 5 500 500
1,025,184 974,798

CURRENT ASSETS
Stocks 485,023 450,173
Debtors 10,711 48,272
Cash in hand 200 200
495,934 498,645
CREDITORS
Amounts falling due within one year 376,828 346,413
NET CURRENT ASSETS 119,106 152,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,144,290

1,127,030

CREDITORS
Amounts falling due after more than one
year

6

(100,975

)

(79,188

)

PROVISIONS FOR LIABILITIES (39,882 ) (60,069 )
NET ASSETS 1,003,433 987,773

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 8 740,783 740,783
Retained earnings 262,550 246,890
1,003,433 987,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 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.

Woodneuk Farm Ltd (Registered number: SC050185)

Abridged Balance Sheet - continued
29 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 August 2025 and were signed on its behalf by:





Mrs E M Mitchell - Director


Woodneuk Farm Ltd (Registered number: SC050185)

Notes to the Financial Statements
for the Year Ended 29 November 2024

1. STATUTORY INFORMATION

Woodneuk Farm Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - No depreciation
Improvements to property - 20% on cost
Plant and machinery - 10% on cost
Motor vehicles - 10% on cost
Computer equipment - 100% on cost, 33.33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

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.

Woodneuk Farm Ltd (Registered number: SC050185)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash and deposits with financial institutions repayable without penalty on notice of not more than twenty four hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 30 November 2023 1,166,264
Additions 68,907
Disposals (19,500 )
At 29 November 2024 1,215,671
DEPRECIATION
At 30 November 2023 191,966
Charge for year 18,521
Eliminated on disposal (19,500 )
At 29 November 2024 190,987
NET BOOK VALUE
At 29 November 2024 1,024,684
At 29 November 2023 974,298

Woodneuk Farm Ltd (Registered number: SC050185)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 30 November 2023 77,830
Additions 64,400
Transfer to ownership (77,830 )
At 29 November 2024 64,400
DEPRECIATION
At 30 November 2023 22,778
Charge for year 3,961
Transfer to ownership (22,778 )
At 29 November 2024 3,961
NET BOOK VALUE
At 29 November 2024 60,439
At 29 November 2023 55,052

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Trade investments 500 500

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank Loan more than 5 years 28,846 32,437

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 158,675 169,959
Bank loans 83,626 97,874
Hire purchase contracts 42,010 9,301
284,311 277,134

The company has granted standard securities and bond and floating charges in favour of Lloyds TSB Bank.

Woodneuk Farm Ltd (Registered number: SC050185)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2024

8. RESERVES
Other
reserves
£   
At 30 November 2023
and 29 November 2024 740,783

9. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 10,332 -

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Woodneuk Farm Ltd

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 Abridged 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 Woodneuk Farm Ltd for the year ended 29 November 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Woodneuk Farm Ltd, 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 Woodneuk Farm Ltd and state those matters that we have agreed to state to the Board of Directors of Woodneuk Farm Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/gb/en/technical-activities/technical-resources-
search/2009/october/factsheet-163-audit-exempt-companies.html.

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 Woodneuk Farm Ltd 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 Woodneuk Farm Ltd. You consider that Woodneuk Farm Ltd 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 Woodneuk Farm Ltd. 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.






T B Dunn & Co
Ground Floor (part)
8000 Academy Business Park
51 Gower Street
GLASGOW
G51 1PR


25 August 2025