Mossneuk Farm (Foreside) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC223005 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Mossneuk Farm (Foreside) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Archibald Pollock

Mrs Myra Pollock

Lewis Pollock

SECRETARY:

Mrs Myra Pollock

REGISTERED OFFICE:

Mossneuk Estate

Gleniffer Braes

By Neilston

G78 3AL

REGISTERED NUMBER:

SC223005 (Scotland)

ACCOUNTANTS:

WALLACE BARRON

CHARTERED ACCOUNTANTS

15 Sandpiper Road

Lochwinnoch

PA12 4NB

BANKERS:

Bank of Scotland

112 Main Street

Barrhead

G78 1RD

FIXED ASSETS

Tangible assets

4

909,187

905,938

CURRENT ASSETS

Stocks

170,850

221,500

Debtors

5

17,109

12,823

187,959

234,323

CREDITORS

Amounts falling due within one year

6

138,377

161,944

NET CURRENT ASSETS

49,582

72,379

TOTAL ASSETS LESS CURRENT
LIABILITIES

958,769

978,317

CREDITORS

Amounts falling due after more than one year

7

(447,747

)

(481,060

)

PROVISIONS FOR LIABILITIES

9

(9,857

)

(11,115

)

NET ASSETS

501,165

486,142

CAPITAL AND RESERVES

Called up share capital

10

1,000

Retained earnings

500,165

485,142

SHAREHOLDERS' FUNDS

501,165

486,142

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 15 September 2025 and were signed on its behalf by:

Archibald Pollock - Director

Mrs Myra Pollock - Director

1.	STATUTORY INFORMATION

Mossneuk Farm (Foreside) 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 invoiced sales of livestock together with livestock grants and subsidies received.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Slurry storage tank - 4% on cost

Other plant & equipment - 25% on reducing balance

-

Stocks

Stock is valued at the lower of cost and net realisable value.

Taxation

Taxation for the year 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 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 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant &

property

equipment

Totals

£

COST

At 1 January 2024

847,439

185,860

1,033,299

Additions

9,871

-

9,871

At 31 December 2024

857,310

185,860

1,043,170

DEPRECIATION

At 1 January 2024

-

127,361

Charge for year

-

6,622

At 31 December 2024

-

133,983

NET BOOK VALUE

At 31 December 2024

857,310

51,877

909,187

At 31 December 2023

847,439

58,499

905,938

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

10,020

11,561

VAT

7,089

1,262

17,109

12,823

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

76,288

97,503

Hire purchase contracts

1,291

5,220

Trade creditors

22,797

26,325

Corporation tax

13,529

9,824

Social security and other taxes

14,037

16,382

Accrued expenses

10,435

6,690

138,377

161,944

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans - 2-5 years

28,884

39,080

Bank loans more 5 yr by instal

96,905

103,105

Other loans

13,327

-

Hire purchase contracts

-

1,291

Directors loans

308,631

337,584

447,747

481,060

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

96,905

103,105

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank overdrafts

59,892

66,034

Bank loans

142,185

173,654

Hire purchase contracts

1,291

6,511

203,368

246,199

Bank borrowings are secured by a Standard Security over land owned by the company. Hire purchase liabilities are secured by the assets concerned.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

9,857

11,115

Deferred

tax

£

Balance at 1 January 2024

11,115

Provided during year

(1,258

)

Balance at 31 December 2024

9,857

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

1,000

Ordinary

£1

1,000

11.	RELATED PARTY DISCLOSURES

The Company is under the control of one of the Directors, Mr Archibald Pollock.

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 Mossneuk Farm (Foreside) Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Mossneuk Farm (Foreside) 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 Mossneuk Farm (Foreside) Limited and state those matters that we have agreed to state to the Board of Directors of Mossneuk Farm (Foreside) Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. 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 Mossneuk Farm (Foreside) 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 Mossneuk Farm (Foreside) Limited. You consider that Mossneuk Farm (Foreside) 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 Mossneuk Farm (Foreside) 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.

WALLACE BARRON

CHARTERED ACCOUNTANTS

15 Sandpiper Road

Lochwinnoch

PA12 4NB

Date: ................ September 2025