REGISTERED NUMBER: SC333993 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

BEN ALDER ESTATE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Dick

U Kohli

REGISTERED OFFICE:

The Estate Office

Ben Alder Estate

Dalwhinnie

PH19 1AE

REGISTERED NUMBER:

SC333993 (Scotland)

ACCOUNTANTS:

Martin and Company

Two Brewers House

50 North Street

Thame

Oxfordshire

OX9 3BH

FIXED ASSETS

Tangible assets

4

4,616,214

4,715,360

CURRENT ASSETS

Stocks

111,459

95,984

Debtors

5

160,501

131,733

Cash in hand

608

1,700

272,568

229,417

CREDITORS

Amounts falling due within one year

6

152,927

207,397

NET CURRENT ASSETS

119,641

22,020

TOTAL ASSETS LESS CURRENT LIABILITIES

4,735,855

4,737,380

CREDITORS

Amounts falling due after more than one year

7

18,583,329

16,626,086

NET LIABILITIES

(13,847,474

)

(11,888,706

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(13,848,474

)

(11,889,706

)

(13,847,474

)

(11,888,706

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th September 2025 and were signed on its behalf by:

A D Dick - Director

1.	STATUTORY INFORMATION

Ben Alder 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 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.

The company is dependent for its working capital on funds provided to it by a company controlled by the shareholders. This company has confirmed that for at least 12 months from the date of approval of these financial statements it will continue to make available such funds as are needed by the company and in particular will not seek repayment of the amounts currently made available. The directors consider that this should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. As with any company placing reliance on other entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Stocks 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.

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 32 (2023 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2024

5,166,354

1,197,561

6,363,915

Additions

70,812

114,331

185,143

Disposals

-

(55,571

)

(55,571

)

At 31st December 2024

5,237,166

1,256,321

6,493,487

DEPRECIATION

At 1st January 2024

1,009,416

639,139

1,648,555

Charge for year

104,068

156,241

260,309

Eliminated on disposal

-

(31,591

)

(31,591

)

At 31st December 2024

1,113,484

763,789

1,877,273

NET BOOK VALUE

At 31st December 2024

4,123,682

492,532

4,616,214

At 31st December 2023

4,156,938

558,422

4,715,360

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

47,347

13,646

Other debtors

113,154

118,087

160,501

131,733

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

94,903

155,844

Other creditors

58,024

51,553

152,927

207,397

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

18,583,329

16,626,086

8.	OTHER FINANCIAL COMMITMENTS

As at 31 December 2024 the company was committed to making a payment of £33,000 (2023: £33,000) under non cancellable operating leases in the year to 31 December 2025.

9.	RELATED PARTY DISCLOSURES

During the year a company controlled by the shareholders, continued to provide a loan to the company. The total amount outstanding at 31 December 2024 was £18,583,329 (2023: £16,626,086). The loan has been provided interest free and will not be called up within the next 12 months. The amount is included within creditors falling due after more than one year.

During the year, Ben Alder Estate Limited paid rent of £33,000 (2023: £33,000) to Compania Financiera Waterville SA.

During the year a related party continued to act as an agent for the company. At the year end the company was owed £90,165, (2023: £87,767) and this is disclosed within 'other debtors' shown in note 5.

During the year the company paid an LLP, in which the director is also a partner, £12,000 (2023: £12,000) for services provided. These services were provided at market rates and under normal trading conditions.