Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC101676 Mr Alexander Mitchell Mrs Jacqueline Mitchell Mr Ross Mitchell Mr Neil Armstrong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC101676 2023-12-31 SC101676 2024-12-31 SC101676 2024-01-01 2024-12-31 SC101676 frs-core:CurrentFinancialInstruments 2024-12-31 SC101676 frs-core:Non-currentFinancialInstruments 2024-12-31 SC101676 frs-core:FurnitureFittings 2024-12-31 SC101676 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC101676 frs-core:FurnitureFittings 2023-12-31 SC101676 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 SC101676 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC101676 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC101676 frs-core:MotorVehicles 2024-12-31 SC101676 frs-core:MotorVehicles 2024-01-01 2024-12-31 SC101676 frs-core:MotorVehicles 2023-12-31 SC101676 frs-core:PlantMachinery 2024-12-31 SC101676 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC101676 frs-core:PlantMachinery 2023-12-31 SC101676 frs-core:RevaluationReserve 2023-12-31 SC101676 frs-core:RevaluationReserve 2024-12-31 SC101676 frs-core:ShareCapital 2024-12-31 SC101676 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC101676 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC101676 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC101676 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC101676 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC101676 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC101676 frs-bus:Director1 2024-01-01 2024-12-31 SC101676 frs-bus:Director2 2024-01-01 2024-12-31 SC101676 frs-bus:Director3 2024-01-01 2024-12-31 SC101676 frs-bus:Director4 2024-01-01 2024-12-31 SC101676 frs-core:CurrentFinancialInstruments 1 2024-12-31 SC101676 frs-countries:Scotland 2024-01-01 2024-12-31 SC101676 2022-12-31 SC101676 2023-12-31 SC101676 2023-01-01 2023-12-31 SC101676 frs-core:CurrentFinancialInstruments 2023-12-31 SC101676 frs-core:Non-currentFinancialInstruments 2023-12-31 SC101676 frs-core:RevaluationReserve 2023-12-31 SC101676 frs-core:ShareCapital 2023-12-31 SC101676 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC101676 frs-core:CurrentFinancialInstruments 1 2023-12-31 SC101676 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: SC101676
Tulchan Estates Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Harleys Bookkeeping & Tax Returns LTd
Dalgety Bay Business Centre
Sybrig House
Ridge Way
Dalgety Bay
KY11 9JN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC101676
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,033,310 4,953,421
5,033,310 4,953,421
CURRENT ASSETS
Debtors 5 68 68
Cash at bank and in hand 8,673 50,173
8,741 50,241
Creditors: Amounts Falling Due Within One Year 7 (477,172 ) (457,681 )
NET CURRENT ASSETS (LIABILITIES) (468,431 ) (407,440 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,564,879 4,545,981
Creditors: Amounts Falling Due After More Than One Year 8 (669,150 ) (723,514 )
NET ASSETS 3,895,729 3,822,467
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 2,860,979 2,860,979
Profit and Loss Account 1,034,650 961,388
SHAREHOLDERS' FUNDS 3,895,729 3,822,467
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alexander Mitchell
Director
29/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tulchan Estates Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC101676 . The registered office is 16 Clarence Street, Edinburgh, EH3 5AF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation charged
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 10% Reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2024 4,935,299 16,876 10,450 117,712 5,080,337
Additions 81,004 - - 1,378 82,382
As at 31 December 2024 5,016,303 16,876 10,450 119,090 5,162,719
Depreciation
As at 1 January 2024 - 14,637 9,069 103,210 126,916
Provided during the period - 560 345 1,588 2,493
As at 31 December 2024 - 15,197 9,414 104,798 129,409
Net Book Value
As at 31 December 2024 5,016,303 1,679 1,036 14,292 5,033,310
As at 1 January 2024 4,935,299 2,239 1,381 14,502 4,953,421
5. Debtors
2024 2023
£ £
Due within one year
Other taxes and social security 68 68
6. Current Asset Investments
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,108
Bank loans and overdrafts 81,771 81,771
Corporation tax 40,590 19,134
Other creditors 9,372 14,844
Balmule Huts Ltd 25,857 31,844
JNM Credit Balance - 34,067
Accruals and deferred income 1,654 18,525
Directors' loan accounts 317,928 256,388
477,172 457,681
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 669,150 723,514
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation Reserve
£
As at 1 January 2024 2,860,979
As at 31 December 2024 2,860,979
Page 5