| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2025 |
| FOR |
| A H S DRUMMOND (GLENSIDE) LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2025 |
| FOR |
| A H S DRUMMOND (GLENSIDE) LIMITED |
| A H S DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC324103) |
| 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 |
| A H S DRUMMOND (GLENSIDE) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 24 Beresford Terrace |
| Ayr |
| KA7 2EG |
| BANKERS: |
| 15 Bridge Street |
| Stranraer |
| Dumfries & Galloway |
| DG9 7JA |
| A H S DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC324103) |
| BALANCE SHEET |
| 31 MAY 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Share premium | 12 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| 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. |
| A H S DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC324103) |
| BALANCE SHEET - continued |
| 31 MAY 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| A H S DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC324103) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2025 |
| 1. | STATUTORY INFORMATION |
| A H S Drummond (Glenside) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the 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. |
| Tangible fixed assets |
| Freehold property | - |
| Capital expenditure on property | - |
| Plant and equipment | - |
| Tractors and farm bikes | - |
| Motor vehicles | - |
| No depreciation has been provided by the directors on the cost of farmland within freehold property. |
| 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. |
| 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. |
| A H S DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC324103) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. | INTANGIBLE FIXED ASSETS |
| Basis |
| Payment |
| Scheme |
| Entitlements |
| £ |
| COST |
| At 1 June 2024 |
| and 31 May 2025 |
| AMORTISATION |
| At 1 June 2024 |
| and 31 May 2025 |
| NET BOOK VALUE |
| At 31 May 2025 |
| At 31 May 2024 |
| A H S DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC324103) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Capital |
| expenditure |
| Freehold | on | Plant and |
| property | property | equipment |
| £ | £ | £ |
| COST |
| At 1 June 2024 |
| Additions |
| Disposals | ( |
) |
| At 31 May 2025 |
| DEPRECIATION |
| At 1 June 2024 |
| Charge for year |
| At 31 May 2025 |
| NET BOOK VALUE |
| At 31 May 2025 |
| At 31 May 2024 |
| Tractors |
| and farm | Motor |
| bikes | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2024 |
| Additions |
| Disposals | ( |
) |
| At 31 May 2025 |
| DEPRECIATION |
| At 1 June 2024 |
| Charge for year |
| At 31 May 2025 |
| NET BOOK VALUE |
| At 31 May 2025 |
| At 31 May 2024 |
| 6. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Livestock valued on 'herd basis' | 78,128 | 83,708 |
| Other livestock | 80,005 | 85,395 |
| Growing crops and consumables | 17,300 | 16,100 |
| 175,433 | 185,203 |
| ====== | ====== |
| A H S DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC324103) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2025 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Value Added Tax recoverable | 27,931 | 35,041 |
| Amount owed by H S Drummond |
| (Glenside) Limited | 191,257 | 180,715 |
| Directors' current accounts | 11,169 | - |
| Corporation Tax recoverable |
| Prepayments and accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Current Corporation Tax |
| Social security and other taxes |
| Directors' current accounts | - | 862 |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans less than 5 years |
| Bank loans over 5 years |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans over 5 years | 400,510 | 440,530 |
| A H S DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC324103) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2025 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| 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: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| Ordinary 'A' | £1 | 5 | 5 |
| Ordinary 'B' | £1 | 50 | 50 |
| 155 | 155 |
| 12. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1 June 2024 | 660,437 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 May 2025 | 743,567 |
| 13. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| A H S DRUMMOND (GLENSIDE) LIMITED (REGISTERED NUMBER: SC324103) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2025 |
| 14. | STOCK VALUATION |
| 2025 | 2024 |
| Price | Value | Price | Value |
| No. | £ | £ | No. | £ | £ |
| Cattle |
| - Cows | 58 | 30 | 1,740 | 58 | 30 | 1,740 |
| - do. | 27 | cost | 1,253 | 27 | cost | 1,253 |
| - do. | 18 | 55 | 990 | 18 | 55 | 990 |
| - do. | 31 | 375 | 11,625 | 31 | 375 | 11,625 |
| - do. | 83 | 700 | 58,100 | 93 | 700 | 65,100 |
| - do. | - | - | - | 3 | 1,000 | 3,000 |
| - Queys | 60 | 380 | 22,800 | 55 | 380 | 20,900 |
| - Stirks | 95 | 285 | 27,075 | 95 | 285 | 27,075 |
| - Calves | 143 | 125 | 17,875 | 150 | 125 | 18,750 |
| - Feeding Cattle | 43 | 285 | 12,255 | 50 | 285 | 14,250 |
| - Bull | 1 | 20 | 20 | 1 | 20 | 20 |
| - do. | 1 | 1,000 | 1,000 | 1 | 1,000 | 1,000 |
| - do. | 1 | 1,400 | 1,400 | 1 | 1,400 | 1,400 |
| - do. | 1 | 2,000 | 2,000 | 1 | 2,000 | 2,000 |
| - |
| 562 | 584 |
| Growing Crops | Acres | Acres |
| - Silage | 150 | 45 | 6,750 | 150 | 37 | 5,550 |
| Artificial Manures | 10,000 | 10,000 |
| Feeding Stuffs, Coal |
| and Sundry Supplies | 550 | 550 |
| 175,433 | 185,203 |