REGISTERED NUMBER: SC457301 (Scotland)

Unaudited Financial Statements For The Year Ended 31 August 2025

for

Mike Anderson Farming Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Anderson

Ms C M Stott

REGISTERED OFFICE:

Sonnenalm

Dufftown

Keith

AB55 4BU

REGISTERED NUMBER:

SC457301 (Scotland)

ACCOUNTANTS:

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

BANKERS:

Virgin Money

161 Mid Street

Keith

Moray

AB55 5BL

FIXED ASSETS

Tangible assets

4

55,381

175,867

Investments

5

100

100

55,481

175,967

CURRENT ASSETS

Stocks

54,828

63,328

Debtors

6

101,898

158,779

Cash at bank

81,920

154,822

238,646

376,929

CREDITORS

Amounts falling due within one year

7

229,831

262,273

NET CURRENT ASSETS

8,815

114,656

TOTAL ASSETS LESS CURRENT LIABILITIES

64,296

290,623

CREDITORS

Amounts falling due after more than one year

8

(23,013

)

(25,235

)

PROVISIONS FOR LIABILITIES

9

-

(24,329

)

NET ASSETS

41,283

241,059

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

41,183

240,959

SHAREHOLDERS' FUNDS

41,283

241,059

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 13 January 2026 and were signed on its behalf by:

Mr M Anderson - Director

1.	STATUTORY INFORMATION

Mike Anderson Farming Ltd 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.

Tenants improvements

-

20% on cost

Equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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

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 7 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Tenants

and

improvements

Equipment

fittings

£

£

£

COST

At 1 September 2024

88,669

223,648

208

Additions

-

90,508

-

Disposals

-

(250,450

)

-

At 31 August 2025

88,669

63,706

208

DEPRECIATION

At 1 September 2024

73,709

67,898

22

Charge for year

14,960

42,926

46

Eliminated on disposal

-

(97,726

)

-

At 31 August 2025

88,669

13,098

68

NET BOOK VALUE

At 31 August 2025

-

50,608

140

At 31 August 2024

14,960

155,750

186

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

5,400

5,293

323,218

Additions

-

1,522

92,030

Disposals

-

-

(250,450

)

At 31 August 2025

5,400

6,815

164,798

DEPRECIATION

At 1 September 2024

4,679

1,043

147,351

Charge for year

181

1,679

59,792

Eliminated on disposal

-

-

(97,726

)

At 31 August 2025

4,860

2,722

109,417

NET BOOK VALUE

At 31 August 2025

540

4,093

55,381

At 31 August 2024

721

4,250

175,867

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2024

and 31 August 2025

100

NET BOOK VALUE

At 31 August 2025

100

At 31 August 2024

100

6.

DEBTORS

31.8.25

31.8.24

£

£

Amounts falling due within one year:

Trade debtors

8,230

76,008

Other debtors

37,346

16,423

45,576

92,431

Amounts falling due after more than one year:

Other debtors

56,322

66,348

Aggregate amounts

101,898

158,779

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

6,119

10,000

Hire purchase contracts

-

15,503

Trade creditors

175,110

96,447

Taxation and social security

5,527

66,573

Other creditors

43,075

73,750

229,831

262,273

Hire purchase contracts include amounts of £nil (2024 - £15,503) which are secured against the assets to which they relate.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

23,013

25,235

9.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

-

24,329

Deferred

tax

£

Balance at 1 September 2024

24,329

Provided during year

(24,329

)

Balance at 31 August 2025

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

9,985

Ordinary

0.01

100

100

15

A Ordinary

0.01

-

-

100

100

11.

RESERVES

Retained

earnings

£

At 1 September 2024

240,959

Deficit for the year

(116,776

)

Dividends

(83,000

)

At 31 August 2025

41,183

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £83,000 (2024 - £68,500) were paid to the directors .

At 31 August 2024 the company owed the director £378. During the year the director met expenses on behalf of the company totalling £30,332 and the company met expenses on behalf of the director totalling £39,026. At 31 August 2025 the director owed the company £8,316. This loan is interest free and has no fixed terms of repayment.

At 31 August 2024 Porkies Scotland Ltd, a company under common control owed the company £66,348. During the year Porkies Scotland Ltd repaid £10,026. At 31 August 2025 Porkies Scotland Ltd owed the company £56,322. This loan is interest free and has no fixed terms of repayment.

At 31 August 2024 the company owed Happy Hog Ltd, a company under common control £37,806. During the year the company met expenses on behalf of Happy Hog Ltd totalling £239. At 31 August 2025 the company owed Happy Hog Ltd £37,567. This loan is interest free and has no fixed terms of repayment.