REGISTERED NUMBER: SC031395 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHARLES COUBROUGH AND COMPANY

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs H L Coubrough

M R Coubrough

S C Coubrough

SECRETARY:

Mrs H L Coubrough

REGISTERED OFFICE:

Tintoside

Symington

Biggar

Lanarkshire

ML12 6HX

REGISTERED NUMBER:

SC031395 (Scotland)

ACCOUNTANTS:

Galbraith Pritchards

Chartered Accountants

25 Bloomgate

Lanark

Lanarkshire

ML11 9ET

SOLICITORS:

Stodarts

95 Almada Street

Hamilton

ML3 0EY

FIXED ASSETS

Intangible assets

4

1,454

12,963

Tangible assets

5

5,019,499

5,057,771

Investments

6

3,115

3,115

5,024,068

5,073,849

CURRENT ASSETS

Stocks

186,547

178,211

Debtors

7

1,644,694

1,199,575

Cash at bank

318,081

389,980

2,149,322

1,767,766

CREDITORS

Amounts falling due within one year

8

543,489

356,784

NET CURRENT ASSETS

1,605,833

1,410,982

TOTAL ASSETS LESS CURRENT LIABILITIES

6,629,901

6,484,831

CREDITORS

Amounts falling due after more than one year

9

(478,000

)

(536,775

)

PROVISIONS FOR LIABILITIES

(174,996

)

(174,321

)

NET ASSETS

5,976,905

5,773,735

CAPITAL AND RESERVES

Called up share capital

21,000

21,000

Retained earnings

5,955,905

5,752,735

SHAREHOLDERS' FUNDS

5,976,905

5,773,735

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 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.

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 12 November 2025 and were signed on its behalf by:

Mrs H L Coubrough - Director

1.	STATUTORY INFORMATION

Charles Coubrough and Company 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 represents the total invoice value, excluding value added tax, of goods sold, services rendered and farm subsidies.

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.

Basic Payment entitlements are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery

-

20% on reducing balance, 5% on cost and 4% on cost

Motor vehicles

-

25% on reducing balance

Tractors

-

12.5% on reducing balance

Stocks

Livestock, other than mature animals on the herd basis, is valued at the lower of cost or net realisable value, cost calculated to include, where appropriate, cost of rearing. Animals on herd basis are valued at an estimated fair value. Other stocks are valued at the lower of cost or net realisable value.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Basic

Payment

entitlements

£

COST

At 1 April 2024

and 31 March 2025

57,544

AMORTISATION

At 1 April 2024

44,581

Amortisation for year

11,509

At 31 March 2025

56,090

NET BOOK VALUE

At 31 March 2025

1,454

At 31 March 2024

12,963

5.	TANGIBLE FIXED ASSETS

Land and

Plant and

Motor

buildings

machinery

vehicles

Tractors

Totals

£

£

£

£

£

COST

At 1 April 2024

4,795,178

880,273

153,465

202,650

6,031,566

Additions

-

74,400

38,875

-

113,275

Disposals

-

(23,500

)

-

-

(23,500

)

At 31 March 2025

4,795,178

931,173

192,340

202,650

6,121,341

DEPRECIATION

At 1 April 2024

397,007

437,909

53,519

85,360

973,795

Charge for year

43,521

67,342

24,986

14,661

150,510

Eliminated on disposal

-

(22,463

)

-

-

(22,463

)

At 31 March 2025

440,528

482,788

78,505

100,021

1,101,842

NET BOOK VALUE

At 31 March 2025

4,354,650

448,385

113,835

102,629

5,019,499

At 31 March 2024

4,398,171

442,364

99,946

117,290

5,057,771

6.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2024

and 31 March 2025

3,115

NET BOOK VALUE

At 31 March 2025

3,115

At 31 March 2024

3,115

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

919,230

368,003

Amounts owed by subsidiary

661,955

661,955

Directors' loan accounts

-

115,431

VAT

10,955

-

Prepayments

52,554

54,186

1,644,694

1,199,575

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

102,000

102,720

Trade creditors

62,040

38,854

Accruals and deferred income

94,880

92,675

Tax

279,954

103,903

Social security and other taxes

2,562

2,612

VAT

-

15,272

Directors' loan accounts

2,053

748

543,489

356,784

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans - 2-5 years

408,000

410,880

Bank loan - more than than 5

years

70,000

125,895

478,000

536,775

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank loans

580,000

639,495

The bank borrowings are secured by a bond and floating charge over all the property or undertaking of the company on 24 September 2014. In addition, security has been taken over the farm and land at Whelphill Farm, Crawford, Biggar.

11.	ULTIMATE CONTROLLING PARTY