Arisaig Farms Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC477477 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ARISAIG FARMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J R Colston

SECRETARY:

Brodies Secretarial Services Limited

REGISTERED OFFICE:

15 Atholl Crescent

Edinburgh

EH3 8HA

REGISTERED NUMBER:

SC477477 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

FIXED ASSETS

Tangible assets

4

2,276,524

2,213,726

Investments

5

3,120

2,279,644

2,216,846

CURRENT ASSETS

Stocks

104,815

135,925

Debtors

6

49,983

40,576

Prepayments and accrued income

17,451

17,703

Cash at bank

35,555

73,350

207,804

267,554

CREDITORS

Amounts falling due within one year

7

468,683

361,829

NET CURRENT LIABILITIES

(260,879

)

(94,275

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,018,765

2,122,571

CREDITORS

Amounts falling due after more than one
year

8

426,082

436,233

NET ASSETS

1,592,683

1,686,338

CAPITAL AND RESERVES

Called up share capital

1

Share premium

1,846,945

Retained earnings

(254,263

)

(160,608

)

SHAREHOLDERS' FUNDS

1,592,683

1,686,338

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 2 December 2025 and were signed by:

J R Colston - Director

1.	STATUTORY INFORMATION

Arisaig Farms 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

in accordance with the property

Plant and machinery

-

20% on reducing balance and 6.67% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

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

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 April 2024

2,063,003

34,307

220,025

Additions

-

76,756

27,628

Disposals

(1,000

)

-

(7,508

)

At 31 March 2025

2,062,003

111,063

240,145

DEPRECIATION

At 1 April 2024

-

145,382

Charge for year

-

18,450

Eliminated on disposal

-

At 31 March 2025

-

163,832

NET BOOK VALUE

At 31 March 2025

2,062,003

111,063

76,313

At 31 March 2024

2,063,003

34,307

74,643

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

5,150

83,283

1,627

2,407,395

Additions

-

104,384

Disposals

-

(39,529

)

-

(48,037

)

At 31 March 2025

5,150

43,754

1,627

2,463,742

DEPRECIATION

At 1 April 2024

2,413

45,000

874

193,669

Charge for year

274

5,998

66

24,788

Eliminated on disposal

-

(31,239

)

-

(31,239

)

At 31 March 2025

2,687

19,759

940

187,218

NET BOOK VALUE

At 31 March 2025

2,463

23,995

687

2,276,524

At 31 March 2024

2,737

38,283

753

2,213,726

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 April 2024

and 31 March 2025

28,500

36,048

64,548

DEPRECIATION

At 1 April 2024

10,260

7,210

17,470

Charge for year

3,648

5,768

9,416

At 31 March 2025

13,908

12,978

26,886

NET BOOK VALUE

At 31 March 2025

14,592

23,070

37,662

At 31 March 2024

18,240

28,838

47,078

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

3,120

NET BOOK VALUE

At 31 March 2025

3,120

At 31 March 2024

3,120

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

5,638

Other debtors

49,983

34,938

49,983

40,576

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

8,750

10,000

Trade creditors

2,629

22,679

Taxation and social security

928

1,187

Other creditors

456,376

327,963

468,683

361,829

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Hire purchase contracts

5,000

13,750

Other creditors

421,082

422,483

426,082

436,233

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Loan parent company

408,784