Company No: SC034795 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	408,803		481,979
Biological assets	4	67,026		63,842
Investments	5	8,594		8,594
		484,423		554,415
Current assets
Stocks		58,239		107,041
Debtors	6	61,504		60,911
Cash at bank and in hand		338,980		331,174
		458,723		499,126
Creditors: amounts falling due within one year	7	( 164,819)		( 160,035)
Net current assets		293,904		339,091
Total assets less current liabilities		778,327		893,506
Creditors: amounts falling due after more than one year	8	0		( 20,000)
Provision for liabilities	9	( 69,634)		( 75,081)
Net assets		708,693		798,425
Capital and reserves
Called-up share capital	10	20,501		20,501
Capital redemption reserve		4,499		4,499
Profit and loss account		683,693		773,425
Total shareholders' funds		708,693		798,425

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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Allan Moore (Drummond) Limited (registered number: SC034795) were approved and authorised for issue by the Board of Directors on 24 November 2025. They were signed on its behalf by:

Alasdair Campbell Mcarthur Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Allan Moore (Drummond) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Drummond, Evanton, Dingwall, IV16 9UU, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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 fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 - 25 years straight line
Leasehold improvements	10 years straight line
Plant and machinery	10 % reducing balance
	3 years straight line
Vehicles	25.5 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Biological assets

The company breeds cattle and sheep and grows cereal crops to sell the agricultural produce harvested from such animals and plants. In accordance with FRS102, such breeding animals, non-breeding animals and cereal crops are defined as biological assets. The company measures all biological assets at cost less accumulated depreciation and accumulated impairment losses with the breeding animals included within fixed assets and the remainder of livestock and cereal crops included within stock.

In respect of agricultural produce harvested from a biological asset, this is measured at the point of harvest at the lower of cost and estimated selling price less costs to complete and sell. All such items are included within stock.

Depreciation is recognised so as to write off the cost or valuation of breeding animals less their residual values over their useful lives on the following bases:

Sheep - 0% straight line
Cattle - 0% straight line

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Fixed asset investments

Fixed asset investments are stated at cost less provision for diminution in value.

Stocks

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Land and buildings		Leasehold improve- ments		Plant and machinery		Vehicles		Total
	£		£		£		£		£
Cost
At 01 April 2024	241,402		351,814		369,772		259,114		1,222,102
Additions	0		0		7,205		0		7,205
At 31 March 2025	241,402		351,814		376,977		259,114		1,229,307
Accumulated depreciation
At 01 April 2024	140,062		312,957		239,947		47,157		740,123
Charge for the financial year	7,146		6,126		13,309		53,800		80,381
At 31 March 2025	147,208		319,083		253,256		100,957		820,504
Net book value
At 31 March 2025	94,194		32,731		123,721		158,157		408,803
At 31 March 2024	101,340		38,857		129,825		211,957		481,979

4. Biological assets

	2025
	£
Biological assets at cost	67,026

Assets held at cost:

	Beef		Sheep		Forage		Total
	£		£		£		£
Cost
At 01 April 2024	32,300		9,340		22,202		63,842
Increase from new crop costs	0		0		66,026		66,026
Decrease attributable to sales/ transfers out	( 32,300)		( 8,340)		0		( 40,640)
Decrease resulting from harvesting	0		0		( 22,202)		( 22,202)
At 31 March 2025	0		1,000		66,026		67,026
Net book value
At 31 March 2025	0		1,000		66,026		67,026
At 31 March 2024	32,300		9,340		22,202		63,842

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	8,594		8,594
At 31 March 2025	8,594		8,594
Carrying value at 31 March 2025	8,594		8,594
Carrying value at 31 March 2024	8,594		8,594

6. Debtors

	2025		2024
	£		£
Trade debtors	5,608		2,550
Corporation tax	0		18,091
Other debtors	55,896		40,270
	61,504		60,911

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	56,212		45,616
Other taxation and social security	( 1)		8,469
Obligations under finance leases and hire purchase contracts	20,000		20,000
Other creditors	88,608		85,950
	164,819		160,035

The obligations under hire purchase contracts totalling £4,784 (2024 £20,000) are secured over the assets which the agreement relate to.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	0		20,000

The obligations under hire purchase contracts totalling £NIL (2024 £20,000) are secured over the assets which the agreement relate to.

9. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 75,081)		( 57,282)
Credited/(charged) to the Profit and Loss Account	5,447		( 17,799)
At the end of financial year	( 69,634)		( 75,081)

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
20,501 Ordinary shares of £ 1.00 each	20,501		20,501