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REGISTERED NUMBER: SC465221 (Scotland)

Unaudited Financial Statements

for the Period 1st May 2024 to 31st March 2025

for

Kirkpatrick Farming Limited

| Kirkpatrick Farming Limited (Registered number: SC465221) |

Contents of the Financial Statements

for the Period 1st May 2024 to 31st March 2025

| Page |

| Company Information | 1 |

| Balance Sheet | 2 |  | to |  | 3

| Notes to the Financial Statements | 4 |  | to |  | 6

| Kirkpatrick Farming Limited |

Company Information

for the Period 1st May 2024 to 31st March 2025

| DIRECTORS: | D C Kirkpatrick

| Mrs J W Kirkpatrick

| Mrs L Kirkpatrick

| REGISTERED OFFICE: | c/o Farries Kirk & McVean

| Dumfries Enterprise Park

| Heathhall

| Dumfries

| DUMFRIESSHIRE

| DG1 3SJ

| REGISTERED NUMBER: | SC465221 (Scotland)

| ACCOUNTANTS: | Farries Kirk & McVean

| Dumfries Enterprise Park

| Heathhall

| Dumfries

| DUMFRIESSHIRE

| DG1 3SJ

| Kirkpatrick Farming Limited (Registered number: SC465221) |

Balance Sheet

31st March 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 43,750 |  | 52,140 |  |

Investment property | 5 | 294,362 |  | 294,362 |  |

338,112 |  | 346,502 |  |

CURRENT ASSETS

Stocks | 107,690 |  | 142,870 |  |

Debtors | 6 | 43,900 |  | 9,818 |  |

Cash at bank | 52,368 |  | 29,514 |  |

203,958 |  | 182,202 |  |

CREDITORS

Amounts falling due within one year | 7 | (476,237 | ) | (438,410 | ) |

NET CURRENT LIABILITIES | (272,279 | ) | (256,208 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 65,833 |  | 90,294 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (25,926 | ) | (31,019 | ) |

PROVISIONS FOR LIABILITIES | (8,313 | ) | (9,907 | ) |

NET ASSETS | 31,594 |  | 49,368 |  |

CAPITAL AND RESERVES

Called up share capital | 1,100 |  | 1,100 |  |

Retained earnings | 30,494 |  | 48,268 |  |

SHAREHOLDERS' FUNDS | 31,594 |  | 49,368 |  |

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 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.

| Kirkpatrick Farming Limited (Registered number: SC465221) |

Balance Sheet - continued

31st March 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 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 11th November 2025 and were signed on its behalf by:

D C Kirkpatrick - Director

| Kirkpatrick Farming Limited (Registered number: SC465221) |

Notes to the Financial Statements

for the Period 1st May 2024 to 31st March 2025

1. | STATUTORY INFORMATION

| Kirkpatrick Farming 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 trading address of the company is Auchenbainzie, Penpont, Thornhill, DG3 4ND.

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 net invoiced sales of livestock and associated by-products during the year, excluding value added tax, together with any related subsidies

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

| Amounts written off each asset over the estimated useful life represent cost less residual value.

| The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

| 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.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Pension costs and other post-retirement benefits

| The company makes contributions into a recognised UK defined contribution pension scheme. Contributions payable to this scheme are charged to the income statement in the period to which they relate.

| Kirkpatrick Farming Limited (Registered number: SC465221) |

Notes to the Financial Statements - continued

for the Period 1st May 2024 to 31st March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Cash and cash equivalents

| Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| Trade debtors

| Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

| Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

| Trade creditors

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

| Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

| Borrowings

| Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

| Provisions and contingencies

| Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 2 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1st May 2024

| and 31st March 2025 | 173,570 |  |

| DEPRECIATION

| At 1st May 2024 | 121,430 |  |

| Charge for period | 8,390 |  |

| At 31st March 2025 | 129,820 |  |

| NET BOOK VALUE

| At 31st March 2025 | 43,750 |  |

| At 30th April 2024 | 52,140 |  |

| Kirkpatrick Farming Limited (Registered number: SC465221) |

Notes to the Financial Statements - continued

for the Period 1st May 2024 to 31st March 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st May 2024

| and 31st March 2025 | 294,362 |  |

| NET BOOK VALUE

| At 31st March 2025 | 294,362 |  |

| At 30th April 2024 | 294,362 |  |

| Investment property is included at cost price . The directors do not believe the market value at 31st March 2025 will be materially different.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 14,758 |  | 8,255 |  |

| Other debtors | 29,142 |  | 1,563 |  |

43,900 |  | 9,818 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 5,556 |  | 5,556 |  |

| Trade creditors | 18,571 |  | 14,217 |  |

| Taxation and social security | 10,108 |  | 12,442 |  |

| Other creditors | 442,002 |  | 406,195 |  |

476,237 |  | 438,410 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 25,926 |  | 31,019 |  |

9. | RELATED PARTY DISCLOSURES

| During the period, total dividends of £52,000 (2024 - £16,500) were paid to the directors .

| The company operates a directors' current account. As at 31st March 2025, the company owed the sum of £438,002 (2024 - £387,064). This sum is interest free and repayable on demand.