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Craigtoun Meadows Limited
Registration Number SC050458 (Scotland)
Filleted Unaudited Financial Statements
for the year ended 30 November 2025
Craigtoun Meadows Limited
(Registration Number SC050458)
Filleted Financial Statements for the year ended 30 November 2025
Balance Sheet
Notes
2025 £
2024 £
Fixed assets
Tangible assets
5
2,114,236
2,032,315
Current assets
Stocks
361,544
390,008
Debtors
6
17,524
30,125
Cash at bank and in hand
230,320
268,265
609,388
688,398
Current liabilities
Creditors: amounts falling due within one year
7
246,149
268,327
Net current assets
363,239
420,071
Total assets less current liabilities
2,477,475
2,452,386
Non-current liabilities
Creditors: amounts falling due after more than one year
8
(137,589)
(204,422)
Provision for liabilities
(130,157)
(149,149)
Net assets
2,209,729
2,098,815
Capital and reserves
Called up share capital
9
73,119
73,119
Share premium account
9
61,005
61,005
Capital redemption reserve
9,324
9,324
Profit and loss account
2,066,281
1,955,367
Shareholder's funds
2,209,729
2,098,815
These financial statements have been prepared 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'.
For the year ending 30 November 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.
Craigtoun Meadows Limited
(Registration Number SC050458)
Filleted Financial Statements for the year ended 30 November 2025
Balance Sheet
Notes
2025 £
2024 £
The financial statements were approved and authorised for issue by the Board of Directors on 21 April 2026.
_______________________
_______________________
The Hon T H C Cochrane
Director
The notes on pages 4 to 9 form part of these financial statements
Company registration number: SC050458
Craigtoun Meadows Limited
(Registration Number SC050458)
Filleted Financial Statements for the year ended 30 November 2025
Notes to the Financial Statements
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Level 5, 9 Haymarket Square, Edinburgh, Scotland, EH3 8RY. The principal place of business is Craigtoun Meadows Caravan Park, Mount Melville, St Andrews, Fife, KY16 8PQ.
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 is recognised on delivery of a caravan sold to a customer and/or as customers occupy pitches and hire caravans for holiday purposes.
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 provided on the liability method to take account of timing differences between the treatment for certain items for accounts purposes and the treatment for tax purposes. Tax deferred is accounted for in respect of all material timing differences. Deferred tax assets are only recognised to the extent that they are regarded as recoverable.
Craigtoun Meadows Limited
(Registration Number SC050458)
Filleted Financial Statements for the year ended 30 November 2025
Notes to the Financial Statements
Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Assets under construction represents costs incurred, where the work on the asset is incomplete and therefore not yet in use at the end of the relevant financial period. Upon completion, costs to date will be transferred to the appropriate asset category.
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:
Land and buildings
- 4% or 7% straight line
Caravan Hire Fleet
- 15% straight line
Equipment
- over 5 years
Motor Vehicles
- over 4 years
Fixtures and fittings
- over 5 years
No depreciation is charged on heritable property other than site works and services. The directors are of the opinion that the market value of the heritable property which is not depreciated is in excess of the amount included in the balance sheet and therefore no impairment of the asset is required.
No depreciation is charged on assets under construction. Upon completion of the asset, the amount is transferred to an appropriate asset category, at which point depreciation will commence.
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provision of the instrument.
Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially recognised at the transaction price and subsequently at fair value in respect of investments and amortised cost in respect of other basic financial instruments, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future receipts discounted at the 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 and subsequently at amortised cost, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future receipts discounted at the market rate of interest for a similar debt instrument.
Craigtoun Meadows Limited
(Registration Number SC050458)
Filleted Financial Statements for the year ended 30 November 2025
Notes to the Financial Statements
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
Defined contribution plans
The company operates a defined contribution pension scheme for staff. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Craigtoun Meadows Limited
(Registration Number SC050458)
Filleted Financial Statements for the year ended 30 November 2025
Notes to the Financial Statements
4.
Employees
The average monthly number of employees, including directors, during the year was as follows:
1
2025
2024
Employees
17
17
Craigtoun Meadows Limited
(Registration Number SC050458)
Filleted Financial Statements for the year ended 30 November 2025
Notes to the Financial Statements
5.
Tangible assets
Balances at year end and movements for the year
Land and buildings £
Caravan Hire Fleet £
Motor vehicles £
Fixtures and fittings £
Equipment £
Assets in construction £
Total £
Cost
At 01 December 2024
2,953,146
671,576
57,073
39,146
40,150
51,680
3,812,771
Additions
22,645
28,198
1,490
-
-
182,376
234,709
Disposals
-
(44,158)
-
-
-
-
(44,158)
At 30 November 2025
2,975,791
655,616
58,563
39,146
40,150
234,056
4,003,322
Depreciation
At 01 December 2024
(1,275,397)
(384,950)
(56,449)
(39,051)
(24,609)
-
(1,780,456)
Charge for the year
(86,512)
(57,039)
(648)
-
(4,175)
-
(148,374)
Eliminated on disposals
-
39,744
-
-
-
-
39,744
At 30 November 2025
(1,361,909)
(402,245)
(57,097)
(39,051)
(28,784)
-
(1,889,086)
Net book value
At 01 December 2024
1,677,749
286,626
624
95
15,541
51,680
2,032,315
At 30 November 2025
1,613,882
253,371
1,466
95
11,366
234,056
2,114,236
Heritable property included above at a cost of £114,212 (2024: £114,212) is not depreciated.
Craigtoun Meadows Limited
(Registration Number SC050458)
Filleted Financial Statements for the year ended 30 November 2025
Notes to the Financial Statements
6.
Debtors
2025 £
2024 £
Amounts falling due within one year
Trade debtors
7,224
7,380
Other debtors
10,216
22,745
Corporation tax
84
-
17,524
30,125
7.
Creditors: amounts falling due within one year
2025 £
2024 £
Trade creditors
36,211
47,385
Other creditors
122,618
109,112
Corporation tax
47,538
58,150
Social security and other taxes
39,782
53,680
246,149
268,327
8.
Creditors: amounts falling due after more than one year
2025 £
2024 £
Other creditors
137,589
204,422
137,589
204,422
9.
Called up share capital
Called up share capital
2025 £
2024 £
Capital contribution
73,119
73,119
10.
Events after the end of the period
An interim dividend of 68.5p per share was voted by the board on 9 December 2025 which was paid in February 2026. This dividend has not been recognised as a liability at the balance sheet date.
Appendix - Additional XBRL Tags and Values
Accounting standards applied
[Current]
bus_SmallEntities
Accounts status, audited or unaudited
[Current]
bus_AuditExempt-NoAccountantsReport
Accounts type
[Current]
bus_FilletedAccounts
Applicable legislation
[Current]
bus_SmallCompaniesRegimeForAccounts
Average number of employees during the period
[Prior]
17
Average number of employees during the period
[Current]
17
Balance sheet date
[Current]
30 November 2025
Date of auditor's report
[Current]
0001-01-01
Date of authorisation of financial statements for issue
[Current]
21 April 2026
Description of principal activities
[Current]
Is the operation of a caravan and camping park
Director signing Directors' Report
[Current]
bus_Director1
Director signing financial statements
[Current]
bus_Director1
End date for period covered by report
[Current]
30 November 2025
Entity current legal or registered name
[Current]
Craigtoun Meadows Limited
Entity is dormant [true/false]
[Current]
false
Entity trading status
[Current]
[default]
Equity [Multiple Tags or Values]
[Current]
4,410,134
Equity [Multiple Tags or Values]
[Prior]
4,188,306
Legal form of entity
[Current]
bus_PrivateLimitedCompanyLtd
Name of entity auditors
[Current]
CT
Name of entity officer
[Current]
The Hon T H C Cochrane
Name of entity officer
[Current]
Mr D D Graves
Name of entity officer
[Current]
The Hon Mrs J L Cochrane
Name of entity officer
[Current]
The Hon M C N Cochrane OBE
Name of entity officer
[Current]
Mr M J Younger
Name of individual auditor
[Current]
CT
Name of production software
[Current]
Draftworx Cloud
Start date for period covered by report
[Current]
01 December 2024
Statement that directors acknowledge their responsibilities under the Companies Act
[Current]
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
UK Companies House registered number
[Current]
SC050458
Version of production software
[Current]
2026.6.0.0