Company registration number SC447344 (Scotland)
E G FARMING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
E G FARMING LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
E G FARMING LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF E G FARMING LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of E G Farming Limited for the year ended 30 April 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the b oard of d irectors of E G Farming Limited, as a body, in accordance with the terms of our engagement letter dated 21 December 2022. Our work has been undertaken solely to prepare for your approval the financial statements of E G Farming Limited and state those matters that we have agreed to state to the b oard of d irectors of E G Farming Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than E G Farming Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that E G Farming Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of E G Farming Limited. You consider that E G Farming Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of E G Farming Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

A J B Scholes Ltd
Chartered Accountants
8 Albert Street
Kirkwall
Orkney
KW15 1HP
15 January 2026
E G FARMING LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
324,618
205,736
Current assets
Stocks
119,870
119,090
Debtors
5
47,175
66,069
Cash at bank and in hand
162,642
82,827
329,687
267,986
Creditors: amounts falling due within one year
6
(203,162)
(203,608)
Net current assets
126,525
64,378
Total assets less current liabilities
451,143
270,114
Creditors: amounts falling due after more than one year
7
(21,001)
(14,032)
Provisions for liabilities
8
(81,123)
(51,402)
Net assets
349,019
204,680
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
348,919
204,580
Total equity
349,019
204,680
E G FARMING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 3 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 January 2026 and are signed on its behalf by:
Mr EJ Graham
Director
Company registration number SC447344 (Scotland)
E G FARMING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
1
Accounting policies
Company information

E G Farming Limited is a private company limited by shares incorporated in Scotland. The registered office is Gremista Farm, Gremista, Lerwick, Shetland, ZE1 0PT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis.true

1.3
Turnover

Turnover represents amounts receivable for livestock and other produce sold in the period, net of VAT (where applicable), and subsidy entitlements accruing in the period.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Over the term of the lease
Plant and equipment
20% reducing balance basis
Computers
20% straight line
Motor vehicles
25% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. A reversal of an impairment loss is recognised immediately in profit or loss.

E G FARMING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct costs of purchase or rearing the animals and any overheads incurred in raising the animals to their present state and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

E G FARMING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 6 -
1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account.

1.11
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 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.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
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 balance 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.

E G FARMING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 May 2024
27,000
434,101
461,101
Additions
-
0
203,127
203,127
Disposals
-
0
(94,459)
(94,459)
At 30 April 2025
27,000
542,769
569,769
Depreciation and impairment
At 1 May 2024
27,000
228,365
255,365
Depreciation charged in the year
-
0
42,392
42,392
Eliminated in respect of disposals
-
0
(52,606)
(52,606)
At 30 April 2025
27,000
218,151
245,151
Carrying amount
At 30 April 2025
-
0
324,618
324,618
At 30 April 2024
-
0
205,736
205,736
E G FARMING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 8 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
6,130
32,639
Other debtors
41,045
33,430
47,175
66,069
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,440
10,183
Trade creditors
66,958
54,857
Taxation and social security
17,002
641
Other creditors
108,762
137,927
203,162
203,608

Amounts included in other creditors include HP finance liabilities due within one year £17,667 (2024: £nil) which is secured against the equipment financed.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,334
14,032
Other creditors
17,667
-
0
21,001
14,032

Amounts included in other creditors include HP finance liabilities due after one year £17,667 (2024: £nil), which is secured against the equipment financed.

8
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
81,123
51,402
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
2025-04-30 2024-05-01 false false false 15 January 2026 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr Eric J Graham Mr Sean W Graham SC447344 2024-05-01 2025-04-30 SC447344 2025-04-30 SC447344 2024-04-30 SC447344 core:LandBuildings 2025-04-30 SC447344 core:OtherPropertyPlantEquipment 2025-04-30 SC447344 core:LandBuildings 2024-04-30 SC447344 core:OtherPropertyPlantEquipment 2024-04-30 SC447344 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 SC447344 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 SC447344 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-30 SC447344 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 SC447344 core:CurrentFinancialInstruments 2025-04-30 SC447344 core:CurrentFinancialInstruments 2024-04-30 SC447344 core:Non-currentFinancialInstruments 2025-04-30 SC447344 core:Non-currentFinancialInstruments 2024-04-30 SC447344 core:ShareCapital 2025-04-30 SC447344 core:ShareCapital 2024-04-30 SC447344 core:RetainedEarningsAccumulatedLosses 2025-04-30 SC447344 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC447344 core:ShareCapitalOrdinaryShareClass1 2025-04-30 SC447344 core:ShareCapitalOrdinaryShareClass1 2024-04-30 SC447344 bus:Director1 2024-05-01 2025-04-30 SC447344 core:LeaseholdImprovements 2024-05-01 2025-04-30 SC447344 core:PlantMachinery 2024-05-01 2025-04-30 SC447344 core:ComputerEquipment 2024-05-01 2025-04-30 SC447344 core:MotorVehicles 2024-05-01 2025-04-30 SC447344 2023-05-01 2024-04-30 SC447344 core:LandBuildings 2024-04-30 SC447344 core:OtherPropertyPlantEquipment 2024-04-30 SC447344 2024-04-30 SC447344 core:LandBuildings 2024-05-01 2025-04-30 SC447344 core:OtherPropertyPlantEquipment 2024-05-01 2025-04-30 SC447344 core:WithinOneYear 2025-04-30 SC447344 core:WithinOneYear 2024-04-30 SC447344 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 SC447344 bus:OrdinaryShareClass1 2025-04-30 SC447344 bus:OrdinaryShareClass1 2024-04-30 SC447344 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC447344 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC447344 bus:FRS102 2024-05-01 2025-04-30 SC447344 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 SC447344 bus:Director2 2024-05-01 2025-04-30 SC447344 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP