REGISTERED NUMBER: SC070248 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Bayhill Farming Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R A G Murray

Mrs S M Hay

Miss J M Murray

SECRETARY:

R A G Murray

REGISTERED OFFICE:

17 Commercial Road

Hawick

Roxburghshire

TD9 7AQ

REGISTERED NUMBER:

SC070248 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Property, plant and equipment

3

1,544,769

1,887,946

Investments

4

355,534

-

1,900,303

1,887,946

CURRENT ASSETS

Inventories

5

980

3,050

Debtors

6

216,734

218,563

Cash at bank

565,469

569,151

783,183

790,764

CREDITORS

Amounts falling due within one year

7

78,341

153,821

NET CURRENT ASSETS

704,842

636,943

TOTAL ASSETS LESS CURRENT LIABILITIES

2,605,145

2,524,889

PROVISIONS FOR LIABILITIES

3,500

3,000

NET ASSETS

2,601,645

2,521,889

CAPITAL AND RESERVES

Called up share capital

180,000

180,000

Revaluation reserve

749,152

749,152

Retained earnings

1,672,493

1,592,737

SHAREHOLDERS' FUNDS

2,601,645

2,521,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 7 May 2026 and were signed on its behalf by:

R A G Murray - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Revenue 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.

Land and buildings

-

Straight line over 50 years

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

3.	PROPERTY, PLANT AND EQUIPMENT

Agricultural

Agricultural

Heritable

Land

Buildings

Property

£

£

£

COST OR VALUATION

At 1 January 2025

1,512,243

288,941

340,000

Additions

-

-

-

Disposals

-

-

(340,000

)

At 31 December 2025

1,512,243

288,941

-

DEPRECIATION

At 1 January 2025

-

268,875

-

Charge for year

-

2,007

-

At 31 December 2025

-

270,882

-

NET BOOK VALUE

At 31 December 2025

1,512,243

18,059

-

At 31 December 2024

1,512,243

20,066

340,000

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

125,622

32,000

2,298,806

Additions

2,335

-

2,335

Disposals

-

-

(340,000

)

At 31 December 2025

127,957

32,000

1,961,141

DEPRECIATION

At 1 January 2025

111,291

30,694

410,860

Charge for year

3,179

326

5,512

At 31 December 2025

114,470

31,020

416,372

NET BOOK VALUE

At 31 December 2025

13,487

980

1,544,769

At 31 December 2024

14,331

1,306

1,887,946

Cost or valuation at 31 December 2025 is represented by:

Agricultural

Agricultural

Plant and

Motor

Land

Buildings

machinery

vehicles

Totals

£

£

£

£

£

Valuation in 2018

1,212,944

-

-

-

1,212,944

Cost

299,299

288,941

127,957

32,000

748,197

1,512,243

288,941

127,957

32,000

1,961,141

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

Additions

350,000

Revaluations

5,534

At 31 December 2025

355,534

NET BOOK VALUE

At 31 December 2025

355,534

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2025

5,534

Cost

350,000

355,534

5.	INVENTORIES

31/12/25

31/12/24

£

£

Stocks

980

3,050

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Other debtors

207,538

207,538

VAT

699

2,854

Prepayments

8,497

8,171

216,734

218,563

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade creditors

230

2,219

Tax

42,385

19,737

Other creditors

15,006

21,306

Directors' current accounts

17,015

17,584

Accrued expenses

3,705

3,422

Deferred income

-

89,553

78,341

153,821

8.	RELATED PARTY DISCLOSURES

At 31 December 25, Bayhill Farming Limited were due £139,954 (2024; £139,954) from Melrose Court Properties Ltd and £67,584 (2024: £67,584) from Goodfellows Properties Ltd. They were also due £15,006 (2024; £11,606) to D&R Murray (Hawick) Ltd.