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COMPANY REGISTRATION NUMBER: SC038369

James Millar (Kilduff) Limited

Filleted Unaudited Financial Statements

For the year ended

31 July 2025

James Millar (Kilduff) Limited

Statement of Financial Position

31 July 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 2,244,121 | 2,245,041
Biological assets | 6 | 23,000 | 23,000
| ------------ | ------------
| 2,267,121 | 2,268,041

Current assets

Stocks | 306,365 | 323,830
Debtors | 7 | 136,211 | 102,410
| --------- | ---------
| 442,576 | 426,240

Creditors: amounts falling due within one year | 8 | 620,816 | 542,101
| --------- | ---------
Net current liabilities | 178,240 | 115,861
| ------------ | ------------
Total assets less current liabilities | 2,088,881 | 2,152,180

Creditors: amounts falling due after more than one year | 9 | 393,467 | 416,665

Provisions

Taxation including deferred tax | 100,071 | 100,070
| ------------ | ------------
Net assets | 1,595,343 | 1,635,445
| ------------ | ------------

Capital and reserves

Called up share capital | 150,000 | 150,000
Revaluation reserve | 253,850 | 253,850
Profit and loss account | 1,191,493 | 1,231,595
| ------------ | ------------
Shareholders funds | 1,595,343 | 1,635,445
| ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

James Millar (Kilduff) Limited

Statement of Financial Position (continued)

31 July 2025
These financial statements were approved by the board of directors and authorised for issue on 3 April 2026 , and are signed on behalf of the board by:

R M Calder
Director

Company registration number: SC038369

James Millar (Kilduff) Limited

Notes to the Financial Statements

Year ended 31 July 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Farmhouse, Kilduff Mains, North Berwick, East Lothian, EH39 5BD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity. Going Concern The financial statements have been prepared on a going concern basis. The directors have assessed the Company's ability to continue as a going concern and have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing these financial statements. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold Property | - | Nil and 10% reducing balance
| Plant & Machinery | - | 20% reducing balance
| Fixtures & Fittings | - | 20% reducing balance

Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Biological assets
Biological assets measured under the cost model are held at cost less any accumulated depreciation and any accumulated impairment losses. Agricultural produce harvested from these biological assets is measured at the point of harvest at either: the lower of cost and estimated selling price less costs to complete and sell; or its fair value less costs to sell. Any gain or loss arising on initial recognition of produce at fair value less costs to sell is included in profit or loss for the period.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial assets, which include trade and other debtors and cash, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Basic financial liabilities, which include trade and other creditors, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. At each reporting date the company assesses whether there is objective evidence that any financial asset has been impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due. The amount of the provision is recognised immediately in profit or loss.
Defined contribution plans
The company operates a money purchase(defined contribution) pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2024: 8 ).
5. Tangible assets

| Land and buildings | Plant and machinery | Fixtures and fittings | Total
| £ | £ | £ | £

Cost |  |  |  |
At 1 August 2024 | 1,800,328 | 1,887,218 | 28,966 | 3,716,512
Additions | – | 99,831 | – | 99,831
| ------------ | ------------ | -------- | ------------
At 31 July 2025 | 1,800,328 | 1,987,049 | 28,966 | 3,816,343
| ------------ | ------------ | -------- | ------------
Depreciation |  |  |  |
At 1 August 2024 | 14,198 | 1,435,384 | 21,889 | 1,471,471
Charge for the year | – | 99,337 | 1,414 | 100,751
| ------------ | ------------ | -------- | ------------
At 31 July 2025 | 14,198 | 1,534,721 | 23,303 | 1,572,222
| ------------ | ------------ | -------- | ------------
Carrying amount |  |  |  |
At 31 July 2025 | 1,786,130 | 452,328 | 5,663 | 2,244,121
| ------------ | ------------ | -------- | ------------
At 31 July 2024 | 1,786,130 | 451,834 | 7,077 | 2,245,041
| ------------ | ------------ | -------- | ------------

6. Biological assets
Biological assets held at fair value

| Fruit trees
| £

Valuation |
At 1 August 2024 and 31 July 2025 | 23,000
| --------

7. Debtors

| 2025 | 2024
| £ | £

Trade debtors | 74,046 | 61,534
Other debtors | 62,165 | 40,876
| --------- | ---------
| 136,211 | 102,410
| --------- | ---------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £

Bank loans and overdrafts | 358,243 | 305,311
Trade creditors | 159,186 | 84,923
Corporation tax | 20,099 | 62,340
Other creditors | 83,288 | 89,527
| --------- | ---------
| 620,816 | 542,101
| --------- | ---------

The bank loan is secured by the company over the land.
9. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £

Bank loans and overdrafts | 302,904 | 383,992
Other creditors | 90,563 | 32,673
| --------- | ---------
| 393,467 | 416,665
| --------- | ---------

The bank loan is secured by the company over the land.
10. Security
BDW Trading Ltd have a standard security over 245.8 acres of land owned by the company.