IRIS Accounts Production v26.1.0.640 SC324104 Board of Directors 1.6.24 31.5.25 31.5.25 true false true false false false true false Ordinary 1.00000 Ordinary 'A' 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC324104 2024-05-31 SC324104 2025-05-31 SC324104 2024-06-01 2025-05-31 SC324104 2023-05-31 SC324104 2023-06-01 2024-05-31 SC324104 2024-05-31 SC324104 ns15:Scotland 2024-06-01 2025-05-31 SC324104 ns14:PoundSterling 2024-06-01 2025-05-31 SC324104 ns10:Director1 2024-06-01 2025-05-31 SC324104 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC324104 ns10:SmallEntities 2024-06-01 2025-05-31 SC324104 ns10:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 SC324104 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 SC324104 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 SC324104 ns10:FullAccounts 2024-06-01 2025-05-31 SC324104 1 2024-06-01 2025-05-31 SC324104 ns10:OrdinaryShareClass1 2024-06-01 2025-05-31 SC324104 ns10:OrdinaryShareClass2 2024-06-01 2025-05-31 SC324104 ns10:Director2 2024-06-01 2025-05-31 SC324104 ns10:CompanySecretary1 2024-06-01 2025-05-31 SC324104 ns10:RegisteredOffice 2024-06-01 2025-05-31 SC324104 ns5:CurrentFinancialInstruments 2025-05-31 SC324104 ns5:CurrentFinancialInstruments 2024-05-31 SC324104 ns5:Non-currentFinancialInstruments 2025-05-31 SC324104 ns5:Non-currentFinancialInstruments 2024-05-31 SC324104 ns5:ShareCapital 2025-05-31 SC324104 ns5:ShareCapital 2024-05-31 SC324104 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 SC324104 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 SC324104 ns5:IntangibleAssetsOtherThanGoodwill 2024-06-01 2025-05-31 SC324104 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-01 2025-05-31 SC324104 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-06-01 2025-05-31 SC324104 ns5:LeaseholdImprovements 2024-06-01 2025-05-31 SC324104 ns5:PlantMachinery 2024-06-01 2025-05-31 SC324104 ns5:FurnitureFittings 2024-06-01 2025-05-31 SC324104 ns5:MotorVehicles 2024-06-01 2025-05-31 SC324104 ns5:IntangibleAssetsOtherThanGoodwill 2024-05-31 SC324104 ns5:IntangibleAssetsOtherThanGoodwill 2025-05-31 SC324104 ns5:IntangibleAssetsOtherThanGoodwill 2024-05-31 SC324104 ns5:LandBuildings 2024-05-31 SC324104 ns5:PlantMachinery 2024-05-31 SC324104 ns5:LandBuildings 2024-06-01 2025-05-31 SC324104 ns5:LandBuildings 2025-05-31 SC324104 ns5:PlantMachinery 2025-05-31 SC324104 ns5:LandBuildings 2024-05-31 SC324104 ns5:PlantMachinery 2024-05-31 SC324104 ns5:CostValuation 2024-05-31 SC324104 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-05-31 SC324104 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 SC324104 ns5:Secured 2025-05-31 SC324104 ns5:Secured 2024-05-31 SC324104 ns10:OrdinaryShareClass1 2025-05-31 SC324104 ns10:OrdinaryShareClass2 2025-05-31

REGISTERED NUMBER: SC324104 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

| FOR |

| T MCF DRUMMOND (BARBETH) LIMITED |

T MCF DRUMMOND (BARBETH) LIMITED (REGISTERED NUMBER: SC324104)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

T MCF DRUMMOND (BARBETH) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | Thomas McFadzean Drummond

| Hugh Douglas Drummond

| SECRETARY: | Hugh Douglas Drummond

| REGISTERED OFFICE: | C/O Stewart Gilmour & Co

| 24 Beresford Terrace

| Ayr

| KA7 2EG

| REGISTERED NUMBER: | SC324104 (Scotland)

| ACCOUNTANTS: | Stewart Gilmour & Co.

| Chartered Accountants

| 24 Beresford Terrace

| Ayr

| KA7 2EG

| BANKERS: | The Royal Bank of Scotland plc

| 15 Bridge Street

| Stranraer

| Dumfries & Galloway

| DG9 7JA

T MCF DRUMMOND (BARBETH) LIMITED (REGISTERED NUMBER: SC324104)

BALANCE SHEET

31 MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 3,986,201 |  | 3,991,679 |  |

Investments | 6 | 100 |  | 100 |  |

3,986,301 |  | 3,991,779 |  |

CURRENT ASSETS

Stocks | 257,690 |  | 172,835 |  |

Debtors | 7 | 423,935 |  | 425,457 |  |

681,625 |  | 598,292 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,550,874 |  | 1,615,016 |  |

NET CURRENT LIABILITIES | (869,249 | ) | (1,016,724 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,117,052 |  | 2,975,055 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (2,293,953 | ) | (2,251,373 | ) |

PROVISIONS FOR LIABILITIES | (34,007 | ) | (27,676 | ) |

NET ASSETS | 789,092 |  | 696,006 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 105 |  | 105 |  |

Retained earnings | 788,987 |  | 695,901 |  |

SHAREHOLDERS' FUNDS | 789,092 |  | 696,006 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

T MCF DRUMMOND (BARBETH) LIMITED (REGISTERED NUMBER: SC324104)

BALANCE SHEET - continued

31 MAY 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 Board of Directors and authorised for issue on 26 March 2026 and were signed on its behalf by:

Thomas McFadzean Drummond - Director

T MCF DRUMMOND (BARBETH) LIMITED (REGISTERED NUMBER: SC324104)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| T McF Drummond (Barbeth) 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. | 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.

| Preparation of consolidated financial statements

| The financial statements contain information about T McF Drummond (Barbeth) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover represents the net invoice value of produce supplied to customers.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Basic Payment Scheme Entitlements are being amortised evenly over their estimated useful life of four years.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost

| Capital expenditure on property | - | 10% on cost and 4% on cost

| Plant and equipment | - | 12.5% on reducing balance

| Tractors and farm bikes | - | 20% on reducing balance

| Motor vehicles | - | 20% on reducing balance

| No depreciation has been provided by the directors on the cost of farmland within freehold property.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

| Stocks have been valued at the lower of direct cost or net realisable value other than mature livestock which have been valued on the "herd basis" at the original capital cost.

| 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.

T MCF DRUMMOND (BARBETH) LIMITED (REGISTERED NUMBER: SC324104)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised under tangible fixed assets in the balance sheet and depreciated over their estimated useful lives. The interest element of the rental obligations is charged to the profit and loss account over the period of the contract and represents a constant proportion of the balance of capital outstanding.

| Rentals payable on operating leases are charged to income on a straight line basis over the term of the agreement.

3. | EMPLOYEES AND DIRECTORS

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

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 3,135 |  |

| AMORTISATION

| At 1 June 2024

| and 31 May 2025 | 3,135 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  |

| At 31 May 2024 | - |  |

T MCF DRUMMOND (BARBETH) LIMITED (REGISTERED NUMBER: SC324104)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024 | 3,534,445 |  | 1,050,196 |  | 4,584,641 |  |

| Additions | - |  | 132,599 |  | 132,599 |  |

| Disposals | - |  | (69,460 | ) | (69,460 | ) |

| At 31 May 2025 | 3,534,445 |  | 1,113,335 |  | 4,647,780 |  |

| DEPRECIATION

| At 1 June 2024 | 29,662 |  | 563,300 |  | 592,962 |  |

| Charge for year | 32,916 |  | 77,966 |  | 110,882 |  |

| Eliminated on disposal | - |  | (42,265 | ) | (42,265 | ) |

| At 31 May 2025 | 62,578 |  | 599,001 |  | 661,579 |  |

| NET BOOK VALUE

| At 31 May 2025 | 3,471,867 |  | 514,334 |  | 3,986,201 |  |

| At 31 May 2024 | 3,504,783 |  | 486,896 |  | 3,991,679 |  |

| The net book value of the company's fixed assets at 31 May 2025 included £193,598 held under hire purchase contracts (2024 : £178,449).

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 100 |  |

| NET BOOK VALUE

| At 31 May 2025 | 100 |  |

| At 31 May 2024 | 100 |  |

| The fixed asset investments comprise of 1% of the issued share capital of South West Holiday Lets Limited, a company incorporated in Scotland.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 79,162 |  | 66,532 |  |

| Other debtors | 344,773 |  | 358,925 |  |

423,935 |  | 425,457 |  |

T MCF DRUMMOND (BARBETH) LIMITED (REGISTERED NUMBER: SC324104)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 118,204 |  | 175,653 |  |

| Hire purchase contracts | 52,024 |  | 22,046 |  |

| Trade creditors | 161,030 |  | 217,744 |  |

| Taxation and social security | 1,291 |  | 1,337 |  |

| Other creditors | 1,218,325 |  | 1,198,236 |  |

1,550,874 |  | 1,615,016 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 2,220,000 |  | 2,220,000 |  |

| Hire purchase contracts | 73,953 |  | 31,373 |  |

2,293,953 |  | 2,251,373 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans over 5 years | 1,820,000 |  | 1,820,000 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdrafts | 18,204 |  | 75,653 |  |

| Bank loans | 2,320,000 |  | 2,320,000 |  |

2,338,204 |  | 2,395,653 |  |

| The bank loans and overdraft facilities are secured by a bond and floating charge over the assets of the company together with standard securities over the freehold property.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

| 5 | Ordinary 'A' | £1 | 5 |  | 5 |  |

105 |  | 105 |  |

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Thomas McFadzean Drummond.