Company No: SC524119 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	9,617		12,021
		9,617		12,021
Current assets
Stocks		1,622,460		1,513,359
Debtors	4	3,445		3,676
Cash at bank and in hand		738		4,763
		1,626,643		1,521,798
Creditors: amounts falling due within one year	5	( 1,790,261)		( 1,667,689)
Net current liabilities		(163,618)		(145,891)
Total assets less current liabilities		(154,001)		(133,870)
Net liabilities		( 154,001)		( 133,870)
Capital and reserves
Called-up share capital	6	12		10
Profit and loss account		( 154,013 )		( 133,880 )
Total shareholders' deficit		( 154,001)		( 133,870)

For the financial year ending 31 January 2026 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 Muiresk Home Farm Limited (registered number: SC524119) were approved and authorised for issue by the Board of Directors on 09 June 2026. They were signed on its behalf by:

Peter William Kenyon Director

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

Muiresk Home Farm 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 Suite A, 1 Albyn Place, Aberdeen, AB10 1BR, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 company has reported a loss for the period and the balance sheet at 31 January 2026 is in a net deficit position. The director believes that it is appropriate for the accounts to be prepared under the going concern status as he has agreed to support the company to ensure that all liabilities are met as they fall due until the current projects generate profits as they are expected to do. The director has considered a period of twelve months from sign off of these accounts in this assessment.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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:

Plant and machinery etc.

20 % 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.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

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.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.

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.

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.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		1

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 February 2025	23,000		23,000
At 31 January 2026	23,000		23,000
Accumulated depreciation
At 01 February 2025	10,979		10,979
Charge for the financial year	2,404		2,404
At 31 January 2026	13,383		13,383
Net book value
At 31 January 2026	9,617		9,617
At 31 January 2025	12,021		12,021

4. Debtors

	2026		2025
	£		£
Other debtors	3,445		3,676

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	5,079		56,709
Other creditors	1,785,182		1,610,980
	1,790,261		1,667,689

6. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
12 Ordinary shares of £ 1.00 each (2025: 10 shares of £ 1.00 each)	12		10

During the year, 2 ordinary shares of £1 each were issued at par value.

7. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Amounts due to key management personnel	1,640,205		1,466,219

The amounts owed to related parties are interest free and have no fixed repayment terms.