Silverfin false false 30/06/2025 17/06/2024 30/06/2025 John Wallace Hendrie 17/06/2024 William Graeme Kilpatrick 17/06/2024 01 October 2025 The principal activity of the company is that of a dairy farm.
The company was incorporated on 17 June 2024 and commenced trading on 01 July 2024. SC813750 2025-06-30 SC813750 bus:Director1 2025-06-30 SC813750 bus:Director2 2025-06-30 SC813750 core:CurrentFinancialInstruments 2025-06-30 SC813750 core:ShareCapital 2025-06-30 SC813750 core:RetainedEarningsAccumulatedLosses 2025-06-30 SC813750 core:OtherPropertyPlantEquipment 2024-06-16 SC813750 2024-06-16 SC813750 core:OtherPropertyPlantEquipment 2025-06-30 SC813750 2024-06-17 2025-06-30 SC813750 bus:FilletedAccounts 2024-06-17 2025-06-30 SC813750 bus:SmallEntities 2024-06-17 2025-06-30 SC813750 bus:AuditExemptWithAccountantsReport 2024-06-17 2025-06-30 SC813750 bus:PrivateLimitedCompanyLtd 2024-06-17 2025-06-30 SC813750 bus:Director1 2024-06-17 2025-06-30 SC813750 bus:Director2 2024-06-17 2025-06-30 SC813750 core:OtherPropertyPlantEquipment 2024-06-17 2025-06-30 iso4217:GBP xbrli:pure

Company No: SC813750 (Scotland)

# CRAIGIE MAINS DAIRY LTD

### Unaudited Financial Statements
For the financial period from 17 June 2024 to 30 June 2025
Pages for filing with the registrar

CRAIGIE MAINS DAIRY LTD

## Unaudited Financial Statements

For the financial period from 17 June 2024 to 30 June 2025

Contents

CRAIGIE MAINS DAIRY LTD

## BALANCE SHEET

As at 30 June 2025
CRAIGIE MAINS DAIRY LTD

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 30.06.2025
|  | £
Fixed assets |  |
Tangible assets | 4 | 5,007
|  | 5,007
Current assets |  |
Stocks |  | 56,642
Debtors | 5 | 145,641
Cash at bank and in hand |  | 82,265
|  | 284,548
Creditors: amounts falling due within one year | 6 | ( 266,844)
Net current assets |  | 17,704
Total assets less current liabilities |  | 22,711
Provision for liabilities |  | ( 951)
Net assets |  | 21,760
Capital and reserves |  |
Called-up share capital |  | 1,000
Profit and loss account |  | 20,760
Total shareholders' funds |  | 21,760

For the financial period ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial period 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Craigie Mains Dairy Ltd (registered number: SC813750) were approved and authorised for issue by the Board of Directors on 01 October 2025. They were signed on its behalf by:

John Wallace Hendrie Director |  | William Graeme Kilpatrick Director

CRAIGIE MAINS DAIRY LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 17 June 2024 to 30 June 2025
CRAIGIE MAINS DAIRY LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 17 June 2024 to 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

##### General information and basis of accounting

Craigie Mains Dairy Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 3 Station Road, Galston, KA4 8HS, United Kingdom.
The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Reporting period length

This is the company's first reporting period since incorporation on the 17th June 2024.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for produce provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Subsidies are recognised once all conditions in relation to the grants have been met.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost can either be the total cost to purchase the complete item, or the cost to produce the item, including direct materials, fertilisers, feeding, veterinary care and those overheads that have been incurred in bringing the stocks to their present location 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.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments 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. Amounts 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.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

#### 3. Employees

| Period from 17.06.2024 to 30.06.2025
| Number
Monthly average number of persons employed by the Company during the period, including directors | 2

#### 4. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 17 June 2024 | 0 |  | 0
Additions | 5,700 |  | 5,700
At 30 June 2025 | 5,700 |  | 5,700
Accumulated depreciation |  |  |
At 17 June 2024 | 0 |  | 0
Charge for the financial period | 693 |  | 693
At 30 June 2025 | 693 |  | 693
Net book value |  |  |
At 30 June 2025 | 5,007 |  | 5,007

#### 5. Debtors

| 30.06.2025
| £
Trade debtors | 89,375
Other debtors | 56,266
| 145,641

#### 6. Creditors: amounts falling due within one year

| 30.06.2025
| £
Trade creditors | 213,878
Taxation and social security | 5,409
Other creditors | 47,557
| 266,844