ACCOUNTS - Final Accounts

Registered number: SC029373

STRATHRAY FARMS LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

STRATHRAY FARMS LIMITED

COMPANY INFORMATION

Directors	Mr J D Still (resigned 23 January 2025)
	Mr I Still


Company secretary	Mr I Still


Registered number	SC029373


Registered office	Strathray Farm
	Kintore
	Aberdeenshire
	AB51 0XE


Accountants	EQ Accountants Limited
	Chartered Accountants
	Westby
	64 West High Street
	Forfar
	Angus
	DD8 1BJ

STRATHRAY FARMS LIMITED

REGISTERED NUMBER: SC029373

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
		£		£

FIXED ASSETS
Tangible assets	3		76,118		76,439
Investments	4		305		305
			76,423		76,744

Creditors: amounts falling due within one year	5	(55,396)		(54,646)
NET CURRENT LIABILITIES			(55,396)		(54,646)
TOTAL ASSETS LESS CURRENT LIABILITIES			21,027		22,098

NET ASSETS			21,027		22,098

CAPITAL AND RESERVES
Called up share capital	15,002	15,002
Capital redemption reserve	1,998	1,998
Profit and loss account	4,027	5,098
	21,027	22,098

For the period ended 31 March 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period 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 statement of income and retained earnings 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 28 November 2025.

Mr I Still

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

STRATHRAY FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

Strathray Farms Limited is a private company, limited by shares, incorporated in Scotland with registration number SC029373.. The registered office is Strathray, Kintore, Aberdeenshire, AB51 0XE.

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.

2.2

COMPANY'S BUSINESS

The company's business is farming through participation in the farming partnership of Strathray Farms.
Income comprises the company's share in the partnership profits or losses each year. The book value of its interest in the partnership comprises the balance standing to its credit or debit on the current accounts in the books of that business.

2.3

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:

Buildings

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 2

STRATHRAY FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

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 instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

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.

3.	TANGIBLE FIXED ASSETS

		Land and buildings
		£
	COST OR VALUATION
	At 1 April 2024	83,401
	At 31 March 2025	83,401
	DEPRECIATION
	At 1 April 2024	6,962
	Charge for the period on owned assets	321
	At 31 March 2025	7,283
	NET BOOK VALUE
	At 31 March 2025	76,118
	At 31 March 2024	76,439

4.	FIXED ASSET INVESTMENTS

		Unlisted investments
		£
	COST OR VALUATION
	At 1 April 2024	305
	At 31 March 2025	305

Page 3

STRATHRAY FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Amounts owed to other participating interests	54,556	53,806
Other creditors	840	840
	55,396	54,646

6.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

15,002 (2024 - 15,002) Ordinary shares of £1.00 each	15,002	15,002

Page 4