IRIS Accounts Production v26.1.0.640 SC174731 director 1.5.24 30.4.25 30.4.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC174731 2024-04-30 SC174731 2025-04-30 SC174731 2024-05-01 2025-04-30 SC174731 2023-04-30 SC174731 2023-05-01 2024-04-30 SC174731 2024-04-30 SC174731 ns15:Scotland 2024-05-01 2025-04-30 SC174731 ns14:PoundSterling 2024-05-01 2025-04-30 SC174731 ns10:Director1 2024-05-01 2025-04-30 SC174731 ns10:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC174731 ns10:SmallEntities 2024-05-01 2025-04-30 SC174731 ns10:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 SC174731 ns10:SmallCompaniesRegimeForDirectorsReport 2024-05-01 2025-04-30 SC174731 ns10:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC174731 ns10:FullAccounts 2024-05-01 2025-04-30 SC174731 ns10:CompanySecretary1 2024-05-01 2025-04-30 SC174731 ns10:RegisteredOffice 2024-05-01 2025-04-30 SC174731 ns5:CurrentFinancialInstruments 2025-04-30 SC174731 ns5:CurrentFinancialInstruments 2024-04-30 SC174731 ns5:ShareCapital 2025-04-30 SC174731 ns5:ShareCapital 2024-04-30 SC174731 ns5:RetainedEarningsAccumulatedLosses 2025-04-30 SC174731 ns5:RetainedEarningsAccumulatedLosses 2024-04-30 SC174731 ns5:PlantMachinery 2024-05-01 2025-04-30 SC174731 ns5:LandBuildings 2024-04-30 SC174731 ns5:PlantMachinery 2024-04-30 SC174731 ns5:LandBuildings 2024-05-01 2025-04-30 SC174731 ns5:LandBuildings 2025-04-30 SC174731 ns5:PlantMachinery 2025-04-30 SC174731 ns5:LandBuildings 2024-04-30 SC174731 ns5:PlantMachinery 2024-04-30 SC174731 ns5:CostValuation 2024-04-30 SC174731 ns5:DisposalsRepaymentsInvestments 2025-04-30 SC174731 ns5:CostValuation 2025-04-30 SC174731 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-30 SC174731 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-30

REGISTERED NUMBER: SC174731 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

MACKENZIE FARMING LIMITED

MACKENZIE FARMING LIMITED (REGISTERED NUMBER: SC174731) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MACKENZIE FARMING LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTOR: | D G MacKenzie

| SECRETARY: | Mrs J Mackenzie

| REGISTERED OFFICE: | South Mains Of Tillymorgan

| Culsalmond

| Insch

| Aberdeenshire

| AB52 6UQ

| REGISTERED NUMBER: | SC174731 (Scotland)

MACKENZIE FARMING LIMITED (REGISTERED NUMBER: SC174731) |

BALANCE SHEET

30 APRIL 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 78,709 |  | 79,474 |  |

Investments | 6 | 35,100 |  | 41,840 |  |

113,809 |  | 121,314 |  |

CURRENT ASSETS

Stocks | 117,765 |  | 90,885 |  |

Debtors | 7 | 38,757 |  | 20,898 |  |

Cash at bank | 231,906 |  | 173,877 |  |

388,428 |  | 285,660 |  |

CREDITORS

Amounts falling due within one year | 8 | 30,810 |  | 14,938 |  |

NET CURRENT ASSETS | 357,618 |  | 270,722 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 471,427 |  | 392,036 |  |

PROVISIONS FOR LIABILITIES | 16,113 |  | 7,069 |  |

NET ASSETS | 455,314 |  | 384,967 |  |

CAPITAL AND RESERVES

Called up share capital | 20,001 |  | 20,001 |  |

Retained earnings | 435,313 |  | 364,966 |  |

SHAREHOLDERS' FUNDS | 455,314 |  | 384,967 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MACKENZIE FARMING LIMITED (REGISTERED NUMBER: SC174731) |

BALANCE SHEET - continued

30 APRIL 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2025 and were signed by:

D G MacKenzie - Director

MACKENZIE FARMING LIMITED (REGISTERED NUMBER: SC174731) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | STATUTORY INFORMATION

| MacKenzie Farming Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

| Going Concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Significant judgements and estimates

| 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.

| The 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.

| The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 20% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Biological assets

| The company breeds sheep for it’s own use as well as buying and selling livestock, namely cattle and

| sheep. In accordance with FRS102, these assets are defined as biological assets and the company

| measures biological assets at cost.

MACKENZIE FARMING LIMITED (REGISTERED NUMBER: SC174731) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 4 ) .

MACKENZIE FARMING LIMITED (REGISTERED NUMBER: SC174731) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 May 2024 | 9,429 |  | 121,398 |  | 130,827 |  |

| Additions | - |  | 13,556 |  | 13,556 |  |

| Disposals | - |  | (3,200 | ) | (3,200 | ) |

| At 30 April 2025 | 9,429 |  | 131,754 |  | 141,183 |  |

| DEPRECIATION

| At 1 May 2024 | - |  | 51,353 |  | 51,353 |  |

| Charge for year | - |  | 14,013 |  | 14,013 |  |

| Eliminated on disposal | - |  | (2,892 | ) | (2,892 | ) |

| At 30 April 2025 | - |  | 62,474 |  | 62,474 |  |

| NET BOOK VALUE

| At 30 April 2025 | 9,429 |  | 69,280 |  | 78,709 |  |

| At 30 April 2024 | 9,429 |  | 70,045 |  | 79,474 |  |

6. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 May 2024 | 41,840 |  |

| Disposals | (6,740 | ) |

| At 30 April 2025 | 35,100 |  |

| NET BOOK VALUE

| At 30 April 2025 | 35,100 |  |

| At 30 April 2024 | 41,840 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 32,400 |  | - |  |

| Other debtors | 6,357 |  | 20,898 |  |

38,757 |  | 20,898 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 16,753 |  | 9,572 |  |

| Taxation and social security | 9,004 |  | - |  |

| Other creditors | 5,053 |  | 5,366 |  |

30,810 |  | 14,938 |  |

MACKENZIE FARMING LIMITED (REGISTERED NUMBER: SC174731) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

9. | ULTIMATE CONTROLLING PARTY

| The controlling party is D G MacKenzie.