Silverfin false false 30/09/2025 01/10/2024 30/09/2025 Alexander James Clark Shepherd 17/09/2021 Iain Douglas Shepherd 17/09/2021 Linda Jean Shepherd 10/11/2022 Nicol Alexander Richard Shepherd 17/09/2021 Ross Scott Shepherd 17/09/2021 27 May 2026 The principal activity of the company during the year was that of mixed farming and property rental. SC709749 2025-09-30 SC709749 bus:Director1 2025-09-30 SC709749 bus:Director2 2025-09-30 SC709749 bus:Director3 2025-09-30 SC709749 bus:Director4 2025-09-30 SC709749 bus:Director5 2025-09-30 SC709749 2024-09-30 SC709749 core:CurrentFinancialInstruments 2025-09-30 SC709749 core:CurrentFinancialInstruments 2024-09-30 SC709749 core:Non-currentFinancialInstruments 2025-09-30 SC709749 core:Non-currentFinancialInstruments 2024-09-30 SC709749 core:ShareCapital 2025-09-30 SC709749 core:ShareCapital 2024-09-30 SC709749 core:RetainedEarningsAccumulatedLosses 2025-09-30 SC709749 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC709749 core:OtherResidualIntangibleAssets 2024-09-30 SC709749 core:OtherResidualIntangibleAssets 2025-09-30 SC709749 core:LandBuildings 2024-09-30 SC709749 core:LeaseholdImprovements 2024-09-30 SC709749 core:PlantMachinery 2024-09-30 SC709749 core:Vehicles 2024-09-30 SC709749 core:ComputerEquipment 2024-09-30 SC709749 core:LandBuildings 2025-09-30 SC709749 core:LeaseholdImprovements 2025-09-30 SC709749 core:PlantMachinery 2025-09-30 SC709749 core:Vehicles 2025-09-30 SC709749 core:ComputerEquipment 2025-09-30 SC709749 core:CostValuation 2024-09-30 SC709749 core:CostValuation 2025-09-30 SC709749 2023-09-30 SC709749 bus:OrdinaryShareClass1 2025-09-30 SC709749 bus:OrdinaryShareClass2 2025-09-30 SC709749 bus:OrdinaryShareClass3 2025-09-30 SC709749 bus:OrdinaryShareClass4 2025-09-30 SC709749 bus:OrdinaryShareClass5 2025-09-30 SC709749 bus:OtherShareClass1 2025-09-30 SC709749 2024-10-01 2025-09-30 SC709749 bus:FilletedAccounts 2024-10-01 2025-09-30 SC709749 bus:SmallEntities 2024-10-01 2025-09-30 SC709749 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 SC709749 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC709749 bus:Director1 2024-10-01 2025-09-30 SC709749 bus:Director2 2024-10-01 2025-09-30 SC709749 bus:Director3 2024-10-01 2025-09-30 SC709749 bus:Director4 2024-10-01 2025-09-30 SC709749 bus:Director5 2024-10-01 2025-09-30 SC709749 core:OtherResidualIntangibleAssets core:TopRangeValue 2024-10-01 2025-09-30 SC709749 core:LeaseholdImprovements core:TopRangeValue 2024-10-01 2025-09-30 SC709749 core:PlantMachinery 2024-10-01 2025-09-30 SC709749 core:Vehicles 2024-10-01 2025-09-30 SC709749 core:ComputerEquipment 2024-10-01 2025-09-30 SC709749 2023-10-01 2024-09-30 SC709749 core:OtherResidualIntangibleAssets 2024-10-01 2025-09-30 SC709749 core:LandBuildings 2024-10-01 2025-09-30 SC709749 core:LeaseholdImprovements 2024-10-01 2025-09-30 SC709749 core:Non-currentFinancialInstruments 2024-10-01 2025-09-30 SC709749 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 SC709749 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 SC709749 bus:OrdinaryShareClass2 2024-10-01 2025-09-30 SC709749 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 SC709749 bus:OrdinaryShareClass3 2024-10-01 2025-09-30 SC709749 bus:OrdinaryShareClass3 2023-10-01 2024-09-30 SC709749 bus:OrdinaryShareClass4 2024-10-01 2025-09-30 SC709749 bus:OrdinaryShareClass4 2023-10-01 2024-09-30 SC709749 bus:OrdinaryShareClass5 2024-10-01 2025-09-30 SC709749 bus:OrdinaryShareClass5 2023-10-01 2024-09-30 SC709749 bus:OtherShareClass1 2024-10-01 2025-09-30 SC709749 bus:OtherShareClass1 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC709749 (Scotland)

# CAMMACHMORE BAY LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH THE REGISTRAR

CAMMACHMORE BAY LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

Contents

CAMMACHMORE BAY LIMITED

## BALANCE SHEET

AS AT 30 SEPTEMBER 2025
CAMMACHMORE BAY LIMITED

## BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 429 |  | 5,568
Tangible assets | 4 | 493,631 |  | 449,656
Investment property | 5 | 895,208 |  | 895,208
Investments | 6 | 50 |  | 50
|  | 1,389,318 |  | 1,350,482
Current assets |  |  |  |
Stocks | 7 | 9,032 |  | 42,458
Debtors | 8 | 63,133 |  | 42,427
Cash at bank and in hand | 9 | 2,698 |  | 33,294
|  | 74,863 |  | 118,179
Creditors: amounts falling due within one year | 10 | ( 1,312,640) |  | ( 1,336,964)
Net current liabilities |  | (1,237,777) |  | (1,218,785)
Total assets less current liabilities |  | 151,541 |  | 131,697
Creditors: amounts falling due after more than one year | 11 | ( 9,905) |  | ( 15,818)
Provision for liabilities | 12 | ( 11,588) |  | ( 14,838)
Net assets |  | 130,048 |  | 101,041
Capital and reserves |  |  |  |
Called-up share capital | 13 | 320 |  | 320
Profit and loss account |  | 129,728 |  | 100,721
Total shareholders' funds |  | 130,048 |  | 101,041

For the financial year ending 30 September 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 financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Cammachmore Bay Limited (registered number: SC709749) were approved and authorised for issue by the Board of Directors on 27 May 2026. They were signed on its behalf by:

Alexander James Clark Shepherd Director |  | Ross Scott Shepherd Director

CAMMACHMORE BAY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
CAMMACHMORE BAY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Cammachmore Bay Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 28 Albyn Place, Aberdeen, AB10 1YL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents amounts receivable for agricultural goods net of VAT including cereals and forage. Turnover is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) and is recognised on an accruals basis.
Farming income comprises income from subsidy, wayleave income and income from the rent of fields. Subsidy income is recognised as it is received when all criteria for eligibility have been met. Income from field rent and wayleaves are recognised at the point of supply.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets | 3 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Leasehold improvements | 10 years straight line
Plant and machinery | 25 % reducing balance
Vehicles | 25 % reducing balance
Computer equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
The Company as lessor
Rental income from operating leases is recognised on when the company is entitled to receive the rental income.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any)

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
In respect of agricultural produce harvested from a biological asset, this is measured at the point of harvest at the lower of cost and estimated selling price less costs to complete.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised 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.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 5 |  | 5

#### 3. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 15,418 |  | 15,418
At 30 September 2025 | 15,418 |  | 15,418
Accumulated amortisation |  |  |
At 01 October 2024 | 9,850 |  | 9,850
Charge for the financial year | 5,139 |  | 5,139
At 30 September 2025 | 14,989 |  | 14,989
Net book value |  |  |
At 30 September 2025 | 429 |  | 429
At 30 September 2024 | 5,568 |  | 5,568

#### 4. Tangible assets

| Land and buildings |  | Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 October 2024 | 374,138 |  | 11,640 |  | 44,834 |  | 51,506 |  | 591 |  | 482,709
Additions | 0 |  | 61,769 |  | 3,600 |  | 0 |  | 0 |  | 65,369
At 30 September 2025 | 374,138 |  | 73,409 |  | 48,434 |  | 51,506 |  | 591 |  | 548,078
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 October 2024 | 0 |  | 554 |  | 17,860 |  | 14,427 |  | 212 |  | 33,053
Charge for the financial year | 0 |  | 4,535 |  | 7,494 |  | 9,270 |  | 95 |  | 21,394
At 30 September 2025 | 0 |  | 5,089 |  | 25,354 |  | 23,697 |  | 307 |  | 54,447
Net book value |  |  |  |  |  |  |  |  |  |  |
At 30 September 2025 | 374,138 |  | 68,320 |  | 23,080 |  | 27,809 |  | 284 |  | 493,631
At 30 September 2024 | 374,138 |  | 11,086 |  | 26,974 |  | 37,079 |  | 379 |  | 449,656

#### 5. Investment property

| Investment property
| £
Valuation |
As at 01 October 2024 | 895,208
As at 30 September 2025 | 895,208

#### 6. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 October 2024 | 50 |  | 50
At 30 September 2025 | 50 |  | 50
Carrying value at 30 September 2025 | 50 |  | 50
Carrying value at 30 September 2024 | 50 |  | 50

#### 7. Stocks

| 2025 |  | 2024
| £ |  | £
Crops | 9,032 |  | 42,458

#### 8. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 61,364 |  | 23,521
Other debtors | 1,769 |  | 18,906
| 63,133 |  | 42,427

#### 9. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 2,698 |  | 33,294

#### 10. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 16,749 |  | 0
Taxation and social security | 13,319 |  | 33,192
Obligations under finance leases and hire purchase contracts | 5,913 |  | 5,361
Other creditors | 1,276,659 |  | 1,298,411
| 1,312,640 |  | 1,336,964

#### 11. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts | 9,905 |  | 15,818

There are no amounts included above in respect of which any security has been given by the small entity.

#### 12. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 14,838) |  | ( 14,056)
Credited/(charged) to the Profit and Loss Account | 3,250 |  | ( 782)
At the end of financial year | ( 11,588) |  | ( 14,838)

#### 13. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
10 Ordinary shares of £ 1.00 each | 10 |  | 10
5 Ordinary A shares of £ 1.00 each | 5 |  | 5
5 Ordinary B shares of £ 1.00 each | 5 |  | 5
100 Ordinary C shares of £ 1.00 each | 100 |  | 100
100 Ordinary D shares of £ 1.00 each | 100 |  | 100
100 Ordinary E shares of £ 1.00 each | 100 |  | 100
| 320 |  | 320

#### 14. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to directors | 1,252,383 |  | 1,254,434