Acorah Software Products - Accounts Production 16.8.310 false true true false 10 June 2024 30 November 2025 30 November 2025 SC813118 Mrs J Squires Mr A Stirling Mrs A Stirling Mr J Stirling Miss H Stirling false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC813118 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2025-11-30 SC813118 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2025-11-30 SC813118 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2025-11-30 SC813118 2024-06-09 SC813118 2025-11-30 SC813118 2024-06-10 2025-11-30 SC813118 frs-core:CurrentFinancialInstruments 2025-11-30 SC813118 frs-core:Non-currentFinancialInstruments 2025-11-30 SC813118 frs-core:FurnitureFittings 2025-11-30 SC813118 frs-core:FurnitureFittings 2024-06-10 2025-11-30 SC813118 frs-core:FurnitureFittings 2024-06-09 SC813118 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-11-30 SC813118 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-10 2025-11-30 SC813118 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-09 SC813118 frs-core:PlantMachinery 2025-11-30 SC813118 frs-core:PlantMachinery 2024-06-10 2025-11-30 SC813118 frs-core:PlantMachinery 2024-06-09 SC813118 frs-core:WithinOneYear 2025-11-30 SC813118 frs-core:ShareCapital 2025-11-30 SC813118 frs-core:RetainedEarningsAccumulatedLosses 2025-11-30 SC813118 frs-bus:PrivateLimitedCompanyLtd 2024-06-10 2025-11-30 SC813118 frs-bus:FilletedAccounts 2024-06-10 2025-11-30 SC813118 frs-bus:SmallEntities 2024-06-10 2025-11-30 SC813118 frs-bus:AuditExemptWithAccountantsReport 2024-06-10 2025-11-30 SC813118 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-10 2025-11-30 SC813118 frs-bus:OrdinaryShareClass1 2024-06-10 2025-11-30 SC813118 frs-bus:OrdinaryShareClass1 2025-11-30 SC813118 1 2024-06-10 2025-11-30 SC813118 frs-core:DeferredTaxation 2024-06-10 2025-11-30 SC813118 frs-core:DeferredTaxation 2025-11-30 SC813118 frs-bus:Director1 2024-06-10 2025-11-30 SC813118 frs-bus:Director1 2024-06-09 SC813118 frs-bus:Director1 2025-11-30 SC813118 frs-bus:Director2 2024-06-10 2025-11-30 SC813118 frs-bus:Director2 2024-06-09 SC813118 frs-bus:Director2 2025-11-30 SC813118 frs-bus:Director3 2024-06-10 2025-11-30 SC813118 frs-bus:Director3 2024-06-09 SC813118 frs-bus:Director3 2025-11-30 SC813118 frs-bus:Director4 2024-06-10 2025-11-30 SC813118 frs-bus:Director4 2024-06-09 SC813118 frs-bus:Director4 2025-11-30 SC813118 frs-bus:Director5 2024-06-10 2025-11-30 SC813118 frs-bus:Director5 2024-06-09 SC813118 frs-bus:Director5 2025-11-30 SC813118 frs-countries:Scotland 2024-06-10 2025-11-30
Registered number: SC813118
AJ Stirling Limited
Unaudited Financial Statements
For the Period 10 June 2024 to 30 November 2025
Nuvo Scotland Limited
AJ Stirling Limited
Contents
Contents

| Page
--- | ---
Accountants' Report | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—9

Page 1
AJ Stirling Limited
Accountants' Report
For the Period 10 June 2024 to 30 November 2025
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of AJ Stirling Limited for the period 10 June 2024 to 30 November 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AJ Stirling Limited which comprise the Profit and Loss Account, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of AJ Stirling Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of AJ Stirling Limited and state those matters that we have agreed to state to the directors of AJ Stirling Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AJ Stirling Limited and its directors as a body for our work or for this report.
It is your duty to ensure that AJ Stirling Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of AJ Stirling Limited . You consider that AJ Stirling Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of AJ Stirling 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 financial statements.

9 March 2026

Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
Page 1
Page 2
AJ Stirling Limited
Balance Sheet
As At 30 November 2025
Balance Sheet
Registered number: SC813118

| 30 November 2025
--- | ---
| Notes | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 8,447,007
|  |  | 8,447,007
CURRENT ASSETS
Stocks | 6 | 24,450 |
Debtors | 7 | 795,863 |
Cash at bank and in hand |  | 167 |
|  | 820,480 |
Creditors: Amounts Falling Due Within One Year | 8 | (2,231,071 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (1,410,591 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 7,036,416
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (3,159,087 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (55,466 )
NET ASSETS |  |  | 3,821,863
CAPITAL AND RESERVES
Called up share capital | 14 |  | 3,973,303
Profit and Loss Account |  |  | (151,440 )
SHAREHOLDERS' FUNDS |  |  | 3,821,863

Page 2
Page 3
AJ Stirling Limited
Balance Sheet (continued)
As At 30 November 2025
For the period ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mrs A Stirling Director
9 March 2026

The notes on pages 4 to 9 form part of these financial statements.
Page 3
Page 4
AJ Stirling Limited
Notes to the Financial Statements
For the Period 10 June 2024 to 30 November 2025
Notes to the Financial Statements
1. General Information
AJ Stirling Limited is a private company, limited by shares, incorporated in Scotland, registered number SC813118 . The registered office is Upper Dysart Farm, Montrose, DD10 9TQ.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Statement of Compliance
The financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
3. Accounting Policies
3.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
3.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis on the confirmation from the director that the
company will continue to trade for a period of no less than 12 months from the date of this report.
The directors acknowledge the loss making position for the period end and associated impact on balance sheet position. After consideration, the directors have given assurance that the company will continue to be supported by loans from associated companies under their common control in order for it to meet it's obligations as they fall due. Additionally, loans due to associates are agreed to not be called on for repayment until the company is in such a position to be able to make repayments.
3.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
3.4. Tangible Fixed Assets and Depreciation
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Assets held under finance leases are depreciated in the same way as owned assets.
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | 50 Years Straight Line
Plant & Machinery | 5 Years Straight Line
Fixtures & Fittings | 5 Years Straight Line

Land included within property & buildings is not depreciated.
3.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Page 4
Page 5
AJ Stirling Limited
Notes to the Financial Statements (continued)
For the Period 10 June 2024 to 30 November 2025
3.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3.7. Financial Instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.
Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.
Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.
Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.
Financial liabilities are derecognised when the company's contractual obligations are discharged.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
3.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
Page 5
Page 6
AJ Stirling Limited
Notes to the Financial Statements (continued)
For the Period 10 June 2024 to 30 November 2025
4. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
5. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Fixtures & Fittings | Total
| £ | £ | £ | £
Cost
As at 10 June 2024 | - | - | - | -
Additions | 8,238,005 | 174,697 | 102,336 | 8,515,038
As at 30 November 2025 | 8,238,005 | 174,697 | 102,336 | 8,515,038
Depreciation
As at 10 June 2024 | - | - | - | -
Provided during the period | 12,862 | 34,702 | 20,467 | 68,031
As at 30 November 2025 | 12,862 | 34,702 | 20,467 | 68,031
Net Book Value
As at 30 November 2025 | 8,225,143 | 139,995 | 81,869 | 8,447,007
As at 10 June 2024 | - | - | - | -

Land with a net book value of £6,705,000 included in Freehold property & buildings is not depreciated.
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 30 November 2025
--- | ---
| £
Plant & Machinery | 28,952

6. Stocks

| 30 November 2025
--- | ---
| £
Stock | 24,450

7. Debtors

| 30 November 2025
--- | ---
| £
Due within one year
Trade debtors | 22,764
Prepayments and accrued income | 500,000
Other debtors | 28,902
VAT | 47,727
Directors' loan accounts | 196,470
| 795,863

Page 6
Page 7
AJ Stirling Limited
Notes to the Financial Statements (continued)
For the Period 10 June 2024 to 30 November 2025
8. Creditors: Amounts Falling Due Within One Year

| 30 November 2025
--- | ---
| £
Net obligations under finance lease and hire purchase contracts | 5,837
Trade creditors | 116,997
Bank loans and overdrafts | 149,460
Other creditors | 19,865
Amounts owed to associates | 1,938,912
| 2,231,071

9. Creditors: Amounts Falling Due After More Than One Year

| 30 November 2025
--- | ---
| £
Bank loans | 3,159,087

Of the creditors falling due after more than one year the following amounts are due after more than five years.

| 30 November 2025
--- | ---
| £
Bank loans | 2,185,334

10. Secured Creditors
Of the creditors the following amounts are secured.

| 30 November 2025
--- | ---
| £
Bank loans and overdrafts | 3,240,699

The company has granted a standard security over land at Upper Dysart Farm in favour of The Agricultural Mortgage Corporation PLC.
The company has granted standard security over whole subjects known as West Newton in favour of The Agricultural Mortgage Corporation PLC.
The company has granted a standard security over whole subjects known as Upper Dysart Darm in favour of The Royal Bank of Scotland PLC.
The company has granted Floating Charges in favour of The Agricultural Mortgage Corporation PLC and The Royal Bank of Scotland PLC.
Page 7
Page 8
AJ Stirling Limited
Notes to the Financial Statements (continued)
For the Period 10 June 2024 to 30 November 2025
11. Loans
An analysis of the maturity of loans is given below:

| 30 November 2025
--- | ---
| £
Amounts falling due within one year or on demand:
Bank loans | 81,612

| 30 November 2025
--- | ---
| £
Amounts falling due between one and five years:
Bank loans | 973,753

| 30 November 2025
--- | ---
| £
Amounts falling due after more than five years:
Bank loans | 2,185,334

12. Obligations Under Finance Leases and Hire Purchase

| 30 November 2025
--- | ---
| £
The future minimum finance lease payments are as follows:
Not later than one year | 5,837

13. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
Additions | 55,466 | 55,466
Balance at 30 November 2025 | 55,466 | 55,466

14. Share Capital

| 30 November 2025
--- | ---
Allotted, called up and fully paid | £
3,973,303 Ordinary Shares of £ 1.00 each | 3,973,303

Shares issued during the period: | £
3,973,303 Ordinary Shares of £ 1.00 each | 3,973,303

Page 8
Page 9
AJ Stirling Limited
Notes to the Financial Statements (continued)
For the Period 10 June 2024 to 30 November 2025
15. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 10 June 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 November 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mrs Jessica Squires | - | 8,163 | - | - | 8,163
Mr Andrew Stirling | - | 37,748 | - | - | 37,748
Mrs Anita Stirling | - | 95,092 | - | - | 95,092
Mr James Stirling | - | 24,947 | - | - | 24,947
Miss Hannah Stirling | - | 30,519 | - | - | 30,519

The above loans are interest free and have no fixed repayment terms.
16. Related Party Disclosures
Stirling Potatoes Limited is a company under common control of two of the directors.
During the year, net loans of £1,938,507 were advanced by Stirling Potatoes Limited to the company. As at the year-end, the company owed £1,938,507 to Stirling Potatoes Limited in respect of these loans.
As at the year-end, a balance of £3,558 owed to the company was included in trade debtors.
As at the year-end, a balance of £17,725 owing to Stirling Potatoes Limited was included in trade creditors.
Upper Dysart Limited is a company under common control of two of the directors.
During the year, net loans of £406 were advanced by Upper Dysart Limited to the company. As at the year-end, the company owed £406 to Upper Dysart Limited in respect of these loans.
As at the year-end, a balance of £2,595 owed to the company was included in trade debtors.
As at the year-end, a balance of £416 owing to Upper Dysart Limited was included in trade creditors.
17. Controlling Parties
The company has no one ultimate controlling party as each director holds 20% of the issued share capital.
Page 9