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Company Registration No. SC496976 (Scotland)
Angus Falconry Services Ltd Unaudited accounts for the year ended 28 February 2025
Angus Falconry Services Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Angus Falconry Services Ltd Company Information for the year ended 28 February 2025
Director
Rashed Ali Saif Aljafla
Company Number
SC496976 (Scotland)
Registered Office
East Mains Of Guthrie Farm Forfar Angus DD8 2TR Scotland
Accountants
Stewart Advisory Limited Cotton Court Church Street Preston PR1 3BY
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Angus Falconry Services Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
100,116
59,432
Current assets
Inventories
264,000
207,896
Debtors
5
21,285
4,643
Cash at bank and in hand
16,492
54,532
301,777
267,071
Creditors: amounts falling due within one year
6
(109,789)
(7,763)
Net current assets
191,988
259,308
Total assets less current liabilities
292,104
318,740
Provisions for liabilities
Deferred tax
(19,558)
(8,898)
Net assets
272,546
309,842
Capital and reserves
Called up share capital
100
100
Profit and loss account
272,446
309,742
Shareholders' funds
272,546
309,842
For the year ending 28 February 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 March 2026 and were signed on its behalf by
Rashed Ali Saif Aljafla Director Company Registration No. SC496976
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Angus Falconry Services Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Angus Falconry Services Ltd is a private company, limited by shares, registered in Scotland, registration number SC496976. The registered office is East Mains Of Guthrie Farm, Forfar, Angus, DD8 2TR, Scotland.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with Financial Reporting Standard 102, Section 1A – Small Entities (“FRS 102 Section 1A”) as issued by the Financial Reporting Council.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The financial statements are prepared under the historical cost convention, except where FRS 102 requires an alternative measurement basis, including the fair value measurement of biological assets in accordance with Section 34 – Specialised Activities. The company has transitioned from FRS 105 (Micro‑Entities Regime) to FRS 102 Section 1A for the current financial year. As part of this transition, certain accounting policies applied in the comparative period are not consistent with those now adopted. FRS 102 Section 10 requires that when an accounting policy is changed, the entity must apply the change retrospectively, restating comparatives and adjusting opening reserves as if the new policy had always applied. In particular, under FRS 105 the company measured biological assets at cost. Under FRS 102 Section 34, biological assets must be measured at fair value less estimated costs to sell, with changes in fair value recognised in profit or loss. As this constitutes a change in accounting policy on transition, the comparative figures have been restated and opening reserves adjusted to reflect the impact of adopting fair value measurement. In accordance with FRS 102 Section 1A.6, the company has provided additional disclosures where necessary to ensure that the financial statements present a true and fair view, including explanations of the transition impact and prior year adjustments. The transition effects are set out in Note 8 – Reconciliations on adoption of FRS 102. Except for the changes arising from the adoption of FRS 102 Section 1A and the revised accounting policy for biological assets, the accounting policies have been applied consistently with those of the previous financial year
Presentation currency
The accounts are presented in £ sterling.
Going concern
The director has confirmed that he will provide such funds as are required for the company to continue in operation for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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Angus Falconry Services Ltd Notes to the Accounts for the year ended 28 February 2025
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
20% straight line
Computer equipment
25% straight line
Biological assets
Stock of biological assets has been valued at fair value less estimated cost to sell. Changes in fair value are recognised in the profit and loss account.
Deferred taxation
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 accounts. 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.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
94,339
43,589
1,699
139,627
Additions
54,096
3,677
-
57,773
At 28 February 2025
148,435
47,266
1,699
197,400
Depreciation
At 1 March 2024
45,421
33,761
1,013
80,195
Charge for the year
12,152
4,622
315
17,089
At 28 February 2025
57,573
38,383
1,328
97,284
Net book value
At 28 February 2025
90,862
8,883
371
100,116
At 29 February 2024
48,918
9,828
686
59,432
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
21,285
4,643
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
11,825
-
Taxes and social security
869
3,115
Other creditors
2,545
-
Loans from directors
94,550
4,648
109,789
7,763
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Angus Falconry Services Ltd Notes to the Accounts for the year ended 28 February 2025
7
Average number of employees
During the year the average number of employees was 3 (2024: 4).
8
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 March 2023
29 February 2024
£
£
Capital and reserves (as previously stated)
223,486
181,321
Revaluation of biological assets
92,677
119,623
Deferred tax
-
8,898
Capital and reserves (as restated)
316,163
309,842
Reconciliation of profit or loss for the year
29 February 2024
£
Profit for the year (as previously stated)
(24,369)
Reversal of direct costs
(19,884)
Fair value gain
46,830
Deferred tax provision
(8,898)
Profit for the year (as restated)
(6,321)
During the year the company transitioned from FRS 105 (Micro‑Entities Regime) to FRS 102 Section 1A – Small Entities. In accordance with FRS 102 Section 10, changes in accounting policies required by the adoption of FRS 102 have been applied retrospectively, with comparative figures restated and opening reserves adjusted where necessary. The principal impact of the transition relates to the measurement and presentation of biological assets, which under FRS 102 Section 34 are measured at fair value less estimated costs to sell rather than at cost, and are presented as current assets rather than fixed assets. The company has also provided additional disclosures where required to ensure the financial statements give a true and fair view, as encouraged under FRS 102 Section 1A.6. A deferred tax liability of £8,898 has been recognised on the unrealised fair value gain arising on the remeasurement of biological assets, in accordance with FRS 102 Section 29. Deferred tax is not recognised under FRS105.
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