IRIS Accounts Production v25.1.4.42 SC716438 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC716438 2024-01-31 SC716438 2025-01-31 SC716438 2024-02-01 2025-01-31 SC716438 2023-01-31 SC716438 2023-02-01 2024-01-31 SC716438 2024-01-31 SC716438 ns15:Scotland 2024-02-01 2025-01-31 SC716438 ns14:PoundSterling 2024-02-01 2025-01-31 SC716438 ns10:Director1 2024-02-01 2025-01-31 SC716438 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC716438 ns10:SmallEntities 2024-02-01 2025-01-31 SC716438 ns10:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 SC716438 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 SC716438 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC716438 ns10:FullAccounts 2024-02-01 2025-01-31 SC716438 1 2024-02-01 2025-01-31 SC716438 ns10:Director2 2024-02-01 2025-01-31 SC716438 ns10:RegisteredOffice 2024-02-01 2025-01-31 SC716438 ns5:CurrentFinancialInstruments 2025-01-31 SC716438 ns5:CurrentFinancialInstruments 2024-01-31 SC716438 ns5:ShareCapital 2025-01-31 SC716438 ns5:ShareCapital 2024-01-31 SC716438 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 SC716438 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 SC716438 ns5:NetGoodwill 2024-02-01 2025-01-31 SC716438 ns5:IntangibleAssetsOtherThanGoodwill 2024-02-01 2025-01-31 SC716438 ns5:PlantMachinery 2024-02-01 2025-01-31 SC716438 ns5:FurnitureFittings 2024-02-01 2025-01-31 SC716438 ns5:ComputerEquipment 2024-02-01 2025-01-31 SC716438 ns5:NetGoodwill 2024-01-31 SC716438 ns5:NetGoodwill 2025-01-31 SC716438 ns5:NetGoodwill 2024-01-31 SC716438 ns5:PlantMachinery 2024-01-31 SC716438 ns5:FurnitureFittings 2024-01-31 SC716438 ns5:ComputerEquipment 2024-01-31 SC716438 ns5:PlantMachinery 2025-01-31 SC716438 ns5:FurnitureFittings 2025-01-31 SC716438 ns5:ComputerEquipment 2025-01-31 SC716438 ns5:PlantMachinery 2024-01-31 SC716438 ns5:FurnitureFittings 2024-01-31 SC716438 ns5:ComputerEquipment 2024-01-31 SC716438 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 SC716438 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31

REGISTERED NUMBER: SC716438 (Scotland)

| Unaudited Financial Statements |

| For The Year Ended 31 January 2025 |

| for |

| City Farm Scotland Limited |

| City Farm Scotland Limited (Registered number: SC716438) |

Contents of the Financial Statements

For The Year Ended 31 January 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 8 |

| City Farm Scotland Limited |

Company Information

For The Year Ended 31 January 2025

| DIRECTORS: | G Ritchie (Jnr)

| Ms C M Owens

| REGISTERED OFFICE: | 1 Cambuslang Court

| Cambuslang

| Glasgow

| Strathclyde

| G32 8FH

| REGISTERED NUMBER: | SC716438 (Scotland)

| ACCOUNTANTS: | Atkinson Donnelly LLP

| 1 Cambuslang Court

| Cambuslang

| Glasgow

| Strathclyde

| G32 8FH

| City Farm Scotland Limited (Registered number: SC716438) |

Balance Sheet

31 January 2025

| 31.1.25 | 31.1.24 |

| Notes | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 536,031 |  | 612,607 |  |

Tangible assets | 5 | 55,018 |  | 38,606 |  |

Investment property | 6 | 414,024 |  | 414,024 |  |

1,005,073 |  | 1,065,237 |  |

CURRENT ASSETS

Debtors | 7 | 13,604 |  | 18,733 |  |

Cash at bank | 116,985 |  | 83,863 |  |

130,589 |  | 102,596 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,229,516 |  | 1,247,363 |  |

NET CURRENT LIABILITIES | (1,098,927 | ) | (1,144,767 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (93,854 | ) | (79,530 | ) |

PROVISIONS FOR LIABILITIES | 10,454 |  | - |  |

NET LIABILITIES | (104,308 | ) | (79,530 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (104,408 | ) | (79,630 | ) |

(104,308 | ) | (79,530 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

| City Farm Scotland Limited (Registered number: SC716438) |

Balance Sheet - continued

31 January 2025

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 2 October 2025 and were signed on its behalf by:

Ms C M Owens - Director

| City Farm Scotland Limited (Registered number: SC716438) |

Notes to the Financial Statements

For The Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| City Farm Scotland 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 20% on cost

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Financial instruments

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Cash and Bank Balances

| Cash and bank balances are measured at the transaction price.

| City Farm Scotland Limited (Registered number: SC716438) |

Notes to the Financial Statements - continued

For The Year Ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

| Going concern

| The company is dependent on continuing support from its directors and other lenders. The directors are committed to continue to provide financial support for the foreseeable future. Accordingly the financial statements has been prepared on a going concern basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 2 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 765,759 |  |

| AMORTISATION

| At 1 February 2024 | 153,152 |  |

| Charge for year | 76,576 |  |

| At 31 January 2025 | 229,728 |  |

| NET BOOK VALUE

| At 31 January 2025 | 536,031 |  |

| At 31 January 2024 | 612,607 |  |

| City Farm Scotland Limited (Registered number: SC716438) |

Notes to the Financial Statements - continued

For The Year Ended 31 January 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 February 2024 | 58,865 |  | - |  | 1,687 |  | 60,552 |  |

| Additions | - |  | 28,257 |  | 229 |  | 28,486 |  |

| At 31 January 2025 | 58,865 |  | 28,257 |  | 1,916 |  | 89,038 |  |

| DEPRECIATION

| At 1 February 2024 | 21,609 |  | - |  | 337 |  | 21,946 |  |

| Charge for year | 7,451 |  | 4,239 |  | 384 |  | 12,074 |  |

| At 31 January 2025 | 29,060 |  | 4,239 |  | 721 |  | 34,020 |  |

| NET BOOK VALUE

| At 31 January 2025 | 29,805 |  | 24,018 |  | 1,195 |  | 55,018 |  |

| At 31 January 2024 | 37,256 |  | - |  | 1,350 |  | 38,606 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 February 2024

| and 31 January 2025 | 414,024 |  |

| NET BOOK VALUE

| At 31 January 2025 | 414,024 |  |

| At 31 January 2024 | 414,024 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Amounts owed by group undertakings | 12,830 |  | 11,880 |  |

| Other debtors | 774 |  | 6,853 |  |

13,604 |  | 18,733 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Amounts owed to group undertakings | 1,209,809 |  | 1,233,997 |  |

| Taxation and social security | 17,115 |  | 11,044 |  |

| Other creditors | 2,592 |  | 2,322 |  |

1,229,516 |  | 1,247,363 |  |

| City Farm Scotland Limited (Registered number: SC716438) |

Notes to the Financial Statements - continued

For The Year Ended 31 January 2025

9. | RELATED PARTY DISCLOSURES

| At 31/01/2025, G&C Maintenance and servicing Ltd was owes a balance of £12,830 (2024 - £11,880) to City Farm Scotland Ltd. These companies share directors.

| At 31/01/2025, City Farm Scotland Ltd owes a balance of £9,078 (2024 - £9,078) to George Ritchie Son Ltd. These companies share directors.

| At 31/01/2025, City Farm Scotland Ltd owes a balance of £1,200,732 (2024 - £1,224,920) to George Ritchie & Son Holdings Ltd. These companies share directors.

| These loans are interest free and have no repayment terms.

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

City Farm Scotland Limited

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 City Farm Scotland Limited for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 City Farm Scotland 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 City Farm Scotland Limited and state those matters that we have agreed to state to the Board of Directors of City Farm Scotland 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 City Farm Scotland 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 loss of City Farm Scotland Limited. You consider that City Farm Scotland 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 City Farm Scotland 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.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

2 October 2025