Registration number: SC174706

Derculich (Strathtay) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Derculich (Strathtay) Limited

Company Information

Director

W N Jackson

Company secretary

P Prendergast

Registered office

Derculich House By Strathtay Pitlochry Perthshire PH9 0LR

Derculich (Strathtay) Limited

(Registration number: SC174706)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	588,481	605,867
Investments	5	25	25
		588,506	605,892
Current assets
Stocks	6	199,558	185,315
Debtors	7	778,231	782,441
Cash at bank and in hand		465,109	941,810
		1,442,898	1,909,566
Creditors: Amounts falling due within one year	8	(235,459)	(815,485)
Net current assets		1,207,439	1,094,081
Total assets less current liabilities		1,795,945	1,699,973
Provisions for liabilities		(13,528)	(16,612)
Net assets		1,782,417	1,683,361
Capital and reserves
Called up share capital	9	1,000	1,000
Share premium reserve		495,039	495,039
Retained earnings		1,286,378	1,187,322
Shareholders' funds		1,782,417	1,683,361

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.

Director's 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 Director acknowledges 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 Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2025
 

......................................... W N Jackson Director

Derculich (Strathtay) 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 and the company registration number is SC174706.

The address of its registered office is:
Derculich House
By Strathtay
Pitlochry
Perthshire
PH9 0LR

These financial statements cover the individual entity Derculich (Strathtay) Limited.

These financial statements were authorised for issue by the director on 26 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

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.

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Basis Payment Scheme is received in respect of calendar years. Receipt is contingent upon meeting certain eligiblity criteria. Once the criteria have been met the income is recognised on a time apportionment basis over the calendar year to which it relates.

Derculich (Strathtay) Limited

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

Tax

The tax expense for the period comprises current and 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Asset class	Depreciation method and rate
Buildings and improvements to property	5% reducing balance basis
Plant and machinery	15% reducing balance basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Entitlements	3 years straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

The basis of valuation is as follows:-

Raw materials and consumables are stated at the lower of cost or net realisable value.

Livestock is valued at the lower of cost or net reallisable value.

The basis of valuation is consistent with previous years.

Derculich (Strathtay) Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all the employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recoginised as employee benefit expense when they are due. If contribution payments exceed the contribuition due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 3 (2024 - 4).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	734,173	300,238	15,192	1,049,603
Disposals	-	(63,333)	(15,192)	(78,525)
At 31 March 2025	734,173	236,905	-	971,078
Depreciation
At 1 April 2024	194,753	233,971	15,012	443,736
Charge for the year	5,049	9,515	-	14,564
Eliminated on disposal	-	(60,691)	(15,012)	(75,703)
At 31 March 2025	199,802	182,795	-	382,597
Carrying amount
At 31 March 2025	534,371	54,110	-	588,481
At 31 March 2024	539,420	66,267	180	605,867

5	Investments

	2025 £	2024 £
Interest in other participating interests	25	25