Registration number: SC063488

Blair Drummond Farms Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6
Accountants' Report	7

Blair Drummond Farms Limited

Company Information

Directors

Mr James Francis Muir Mr William Anthony Nathaniel Muir Mr John Alexander Hector Muir

Company secretary

Mr James Francis Muir

Registered office

C/o Scottish African Safari Park Ltd Blairdrummond Stirling FK9 4UR

Accountants

EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

Blair Drummond Farms Limited

(Registration number: SC063488)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	5,005,044	5,001,365
Current assets
Stocks	5	2,000	2,000
Debtors	6	27,835	31,053
Cash at bank and in hand		49,696	33,377
		79,531	66,430
Creditors: Amounts falling due within one year	7	(67,089)	(55,567)
Net current assets		12,442	10,863
Total assets less current liabilities		5,017,486	5,012,228
Creditors: Amounts falling due after more than one year	7	(104,447)	(135,425)
Provisions for liabilities		(340,489)	(338,459)
Net assets		4,572,550	4,538,344
Capital and reserves
Called up share capital		151,515	151,515
Share premium reserve		163,743	163,743
Revaluation reserve		3,238,518	3,238,518
Retained earnings		1,018,774	984,568
Shareholders' funds		4,572,550	4,538,344

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 August 2025 and signed on its behalf by:
 

......................................... Mr James Francis Muir Company secretary and director

Blair Drummond Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Blair Drummond Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Asset class	Depreciation method and rate
Land and buildings	not depreciated
Plant and machinery	25% reducing balance
Fixtures and fittings	25% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Blair Drummond Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	4,995,862	55,437	31,212	5,082,511
Additions	-	5,485	567	6,052
At 31 March 2025	4,995,862	60,922	31,779	5,088,563
Depreciation
At 1 April 2024	-	52,308	28,838	81,146
Charge for the year	-	1,696	677	2,373
At 31 March 2025	-	54,004	29,515	83,519
Carrying amount
At 31 March 2025	4,995,862	6,918	2,264	5,005,044
At 31 March 2024	4,995,862	3,129	2,374	5,001,365

Included within the net book value of land and buildings above is £4,995,862 (2024 - £4,995,862) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	2,000	2,000

6

Debtors

Current	2025 £	2024 £
Trade debtors	13,574	1,073
Prepayments	4,598	4,176
Other debtors	9,663	25,804
	27,835	31,053

Blair Drummond Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	30,329	16,275
Trade creditors		264	169
Taxation and social security		2,007	1,524
Other creditors		34,489	37,599
		67,089	55,567

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	104,447	135,425

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	104,447	135,425

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	30,329	16,275

9	Related party transactions

Included in Other Debtors is an amount £Nil (2024: £73) which is owed from a related party, Blair Drummond Caravan Parks Ltd, in which James Francis Muir is a director.

Included in Other Creditors is an amount of £1,538 (2023: Other Debtor: £160) which is owed to a related party, Blair Drummond Estates, in which James Francis Muir is the proprietor.

Also included in Other Creditors is an amount of £284 (2023: Other Debtor: £13,299) which is owed to a related party, Scottish African Safari Park Ltd, in which James Francis Muir is also a director.


 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Blair Drummond Farms Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Blair Drummond Farms Limited for the year ended 31 March 2025 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Blair Drummond Farms Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Blair Drummond Farms Limited and state those matters that we have agreed to state to the Board of Directors of Blair Drummond Farms Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blair Drummond Farms Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Blair Drummond Farms Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Blair Drummond Farms Limited. You consider that Blair Drummond Farms 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 accounts of Blair Drummond Farms 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 accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

20 August 2025