Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 Contract Farming 2024-04-01 false 4 4 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC535699 2024-04-01 2025-03-31 SC535699 2023-04-01 2024-03-31 SC535699 2025-03-31 SC535699 2024-03-31 SC535699 c:Director1 2024-04-01 2025-03-31 SC535699 d:PlantMachinery 2024-04-01 2025-03-31 SC535699 d:PlantMachinery 2025-03-31 SC535699 d:PlantMachinery 2024-03-31 SC535699 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC535699 d:CurrentFinancialInstruments 2025-03-31 SC535699 d:CurrentFinancialInstruments 2024-03-31 SC535699 d:Non-currentFinancialInstruments 2025-03-31 SC535699 d:Non-currentFinancialInstruments 2024-03-31 SC535699 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC535699 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC535699 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 SC535699 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC535699 d:ShareCapital 2025-03-31 SC535699 d:ShareCapital 2024-03-31 SC535699 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC535699 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC535699 c:OrdinaryShareClass1 2024-04-01 2025-03-31 SC535699 c:OrdinaryShareClass1 2025-03-31 SC535699 c:OrdinaryShareClass1 2024-03-31 SC535699 c:OrdinaryShareClass2 2024-04-01 2025-03-31 SC535699 c:OrdinaryShareClass2 2025-03-31 SC535699 c:OrdinaryShareClass2 2024-03-31 SC535699 c:FRS102 2024-04-01 2025-03-31 SC535699 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC535699 c:FullAccounts 2024-04-01 2025-03-31 SC535699 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC535699 6 2024-04-01 2025-03-31 SC535699 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: SC535699 C & S FARMING LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
C & S FARMING LIMITED CONTENTS
| Page
Balance Sheet | 1 - 2
Notes to the Financial Statements | 3 - 9
C & S FARMING LIMITED REGISTERED NUMBER: SC535699 BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 718,118 |  | 582,974
Investments | 5 |  | 50 |  | 50
|  |  | 718,168 |  | 583,024
Current assets |  |  |  |  |
Debtors | 6 | 119,299 |  | 153,157 |
Creditors: amounts falling due within one year | 7 | (281,204) |  | (261,089) |
Net current liabilities |  |  | (161,905) |  | (107,932)
Total assets less current liabilities |  |  | 556,263 |  | 475,092
Creditors: amounts falling due after more than one year | 8 |  | (192,359) |  | (160,460)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (90,257) |  | (71,064) |
|  |  | (90,257) |  | (71,064)
Net assets |  |  | 273,647 |  | 243,568
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 100 |  | 100
Profit and loss reserves |  |  | 273,547 |  | 243,468
|  |  | 273,647 |  | 243,568
Page 1
C & S FARMING LIMITED REGISTERED NUMBER: SC535699 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 December 2025.
James Carnegy-Arbuthnott
Director
Page 2
C & S FARMING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
C & S Farming Limited is a private company limited by shares incorporated in Scotland. The registered office is Farm Office, Balnamoon, Brechin, Angus, DD9 7RH. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
At the time of approving the financial statements, the directors are confident that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the finanical statements.
| 2.3 | Turnover
Turnover represents the amounts invoiced in respect of the provision of services and sale of goods during the year.
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 6-15 years straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 3
C & S FARMING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.7 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
|  | 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 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. Page 4
C & S FARMING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.8 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and ∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.9 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation. Increases in provisions are generally charged as an expense to profit or loss. Page 5
C & S FARMING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.10 | Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
| 2.11 | Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balanec sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability. Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
3. | Employees
| The average monthly number of employees, including directors, during the year was 4 (2024 - 4).
Page 6
C & S FARMING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Plant and machinery
|  | £
| Cost or valuation |
| At 1 April 2024 | 934,306
| Additions | 268,527
| Disposals | (127,150)
| At 31 March 2025 | 1,075,683
| Depreciation |
| At 1 April 2024 | 351,332
| Charge for the year on owned assets | 125,241
| Disposals | (119,008)
| At 31 March 2025 | 357,565
| Net book value |
| At 31 March 2025 | 718,118
| At 31 March 2024 | 582,974
5. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 1 April 2024 | 50
| At 31 March 2025 | 50
Page 7
C & S FARMING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 114,242 | 152,680
| Other debtors | 142 | 100
| Prepayments and accrued income | 4,915 | 377
|  | 119,299 | 153,157
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 87,948 | 137,825
| Trade creditors | 36,235 | 15,489
| Other taxation and social security | 26,105 | 19,082
| Obligations under finance lease and hire purchase contracts | 127,866 | 85,793
| Accruals and deferred income | 3,050 | 2,900
|  | 281,204 | 261,089
| Bank of Scotland plc hold a floating charge over the assets of the company.
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | 192,359 | 160,460
|  | 192,359 | 160,460
Page 8
C & S FARMING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 50 (2024 - 50) Ordinary A shares of £1.00 each | 50 | 50
|  | 50 (2024 - 50) Ordinary B shares of £1.00 each | 50 | 50
|  |  | 100 | 100
10. | Related party transactions
| The directors are of the opinion that related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
Page 9