IRIS Accounts Production v25.4.0.155 SC041399 Board of Directors 1.12.24 30.11.25 30.11.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC041399 2024-11-30 SC041399 2025-11-30 SC041399 2024-12-01 2025-11-30 SC041399 2023-11-30 SC041399 2023-12-01 2024-11-30 SC041399 2024-11-30 SC041399 ns14:PoundSterling 2024-12-01 2025-11-30 SC041399 ns10:Director1 2024-12-01 2025-11-30 SC041399 ns10:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 SC041399 ns10:SmallEntities 2024-12-01 2025-11-30 SC041399 ns10:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 SC041399 ns10:SmallCompaniesRegimeForDirectorsReport 2024-12-01 2025-11-30 SC041399 ns10:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 SC041399 ns10:FullAccounts 2024-12-01 2025-11-30 SC041399 ns5:CurrentFinancialInstruments 2025-11-30 SC041399 ns5:CurrentFinancialInstruments 2024-11-30 SC041399 ns5:Non-currentFinancialInstruments 2025-11-30 SC041399 ns5:Non-currentFinancialInstruments 2024-11-30 SC041399 ns5:ShareCapital 2025-11-30 SC041399 ns5:ShareCapital 2024-11-30 SC041399 ns5:RetainedEarningsAccumulatedLosses 2025-11-30 SC041399 ns5:RetainedEarningsAccumulatedLosses 2024-11-30 SC041399 ns5:LandBuildings 2024-12-01 2025-11-30 SC041399 ns5:PlantMachinery 2024-12-01 2025-11-30 SC041399 ns5:LandBuildings 2024-11-30 SC041399 ns5:PlantMachinery 2024-11-30 SC041399 ns5:LandBuildings 2025-11-30 SC041399 ns5:PlantMachinery 2025-11-30 SC041399 ns5:LandBuildings 2024-11-30 SC041399 ns5:PlantMachinery 2024-11-30 SC041399 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-11-30 SC041399 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-11-30 SC041399 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-12-01 2025-11-30 SC041399 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-11-30 SC041399 ns5:CostValuation 2024-11-30 SC041399 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-11-30 SC041399 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-11-30 SC041399 ns5:Secured 2025-11-30 SC041399 ns5:Secured 2024-11-30 SC041399 ns10:Director1 1 2024-11-30 SC041399 ns10:Director1 1 2023-11-30 SC041399 ns10:Director1 1 2024-12-01 2025-11-30 SC041399 ns10:Director1 1 2023-12-01 2024-11-30 SC041399 ns10:Director1 1 2025-11-30 SC041399 ns10:Director1 1 2024-11-30 SC041399 ns10:Director2 2024-12-01 2025-11-30 SC041399 2 ns10:Director2 2024-11-30 SC041399 2 ns10:Director2 2023-11-30 SC041399 2 ns10:Director2 2024-12-01 2025-11-30 SC041399 2 ns10:Director2 2023-12-01 2024-11-30 SC041399 2 ns10:Director2 2025-11-30 SC041399 2 ns10:Director2 2024-11-30

REGISTERED NUMBER: SC041399

ROSNEATH FARMS LTD.

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

ROSNEATH FARMS LTD. (REGISTERED NUMBER: SC041399)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

ROSNEATH FARMS LTD. (REGISTERED NUMBER: SC041399)

BALANCE SHEET

30 NOVEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,368,739 |  | 1,391,218 |  |

Investments | 5 | 129,169 |  | 129,169 |  |

1,497,908 |  | 1,520,387 |  |

CURRENT ASSETS

Stocks | 607,224 |  | 698,875 |  |

Debtors | 6 | 156,990 |  | 202,259 |  |

764,214 |  | 901,134 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,451,751 |  | 1,821,235 |  |

NET CURRENT LIABILITIES | (687,537 | ) | (920,101 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 810,371 |  | 600,286 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 1,742 |  | 19,134 |  |

NET ASSETS | 808,629 |  | 581,152 |  |

CAPITAL AND RESERVES

Called up share capital | 340 |  | 340 |  |

Retained earnings | 808,289 |  | 580,812 |  |

808,629 |  | 581,152 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

ROSNEATH FARMS LTD. (REGISTERED NUMBER: SC041399)

BALANCE SHEET - continued

30 NOVEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2026 and were signed on its behalf by:

A S Calderwood - Director

ROSNEATH FARMS LTD. (REGISTERED NUMBER: SC041399)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1. | STATUTORY INFORMATION

| Rosneath Farms Ltd is a private company, limited by shares, registered in Scotland. The company's registered office is Caledonia House, 89 Seaward Street, Glasgow, G41 1HJ.

| The presentation currency of the financial statements is Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the 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 conventions as modified by the revaluation of certain assets. There were no material departures from this standard.

| Judgements

| The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The directors consider there are no such significant judgements.

| Turnover

| Turnover 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Land and buildings | - | Nil rate depreciation

| Plant and machinery etc | - | 33.3% on cost, 20% on reducing balance, 15% on reducing balance and 10% on cost

| Tangible fixed assets are included at cost less accumulated depreciation and accumulated impairment. Where estimated residual value at the balance sheet date is considered to be equivalent to cost, no depreciation will be charged.

| Impairment of non-financial assets

| At each reporting date non-financial assets not carried at fair value, like plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

| Stocks

| Stocks are valued at the lower of cost and estimated selling price less cost to sell.

ROSNEATH FARMS LTD. (REGISTERED NUMBER: SC041399)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

| Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

| Investments in non-convertible preference shares and in non-puttable ordinary and preference shares are measured at fair value with changes recognised in profit and loss if the shares are publicly traded or their fair value can be measured reliably or at cost less impairment for all other investments.

| Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

| Taxation

| Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

| The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

| With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

| Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

| Hire purchase and leasing commitments

| Assets purchased under finance leases and hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account over the relevant period.

| Rentals receivable under operating leases where substantially all the benefits and risks of ownership remain with the lessor, are charged to the profit and loss account on a straight line basis over the period of the lease.

ROSNEATH FARMS LTD. (REGISTERED NUMBER: SC041399)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Provisions

| Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 6 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 December 2024 | 1,079,301 |  | 1,059,026 |  | 2,138,327 |  |

| Additions | - |  | 5,552 |  | 5,552 |  |

| At 30 November 2025 | 1,079,301 |  | 1,064,578 |  | 2,143,879 |  |

| DEPRECIATION

| At 1 December 2024 | - |  | 747,109 |  | 747,109 |  |

| Charge for year | - |  | 28,031 |  | 28,031 |  |

| At 30 November 2025 | - |  | 775,140 |  | 775,140 |  |

| NET BOOK VALUE

| At 30 November 2025 | 1,079,301 |  | 289,438 |  | 1,368,739 |  |

| At 30 November 2024 | 1,079,301 |  | 311,917 |  | 1,391,218 |  |

ROSNEATH FARMS LTD. (REGISTERED NUMBER: SC041399)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 December 2024 | 101,841 |  |

| Transfer to ownership | (36,000 | ) |

| At 30 November 2025 | 65,841 |  |

| DEPRECIATION

| At 1 December 2024 | 32,515 |  |

| Charge for year | 6,805 |  |

| Transfer to ownership | (12,038 | ) |

| At 30 November 2025 | 27,282 |  |

| NET BOOK VALUE

| At 30 November 2025 | 38,559 |  |

| At 30 November 2024 | 69,326 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 December 2024

| and 30 November 2025 | 129,169 |  |

| NET BOOK VALUE

| At 30 November 2025 | 129,169 |  |

| At 30 November 2024 | 129,169 |  |

| The directors believe that the cost value is an accurate representation of fair value at the year end.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 101,796 |  | 109,803 |  |

| Other debtors | 55,194 |  | 92,456 |  |

156,990 |  | 202,259 |  |

ROSNEATH FARMS LTD. (REGISTERED NUMBER: SC041399)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

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

2025 | 2024 |

£ | £ |

| Bank loans and overdraft | 1,179,234 |  | 1,295,936 |  |

| Hire purchase contracts | 10,726 |  | 14,591 |  |

| Trade creditors | 209,719 |  | 446,401 |  |

| Taxation and social security | 5,506 |  | 2,687 |  |

| Other creditors | 46,566 |  | 61,620 |  |

1,451,751 |  | 1,821,235 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 6,667 |  |

| Hire purchase contracts | 1,742 |  | 12,467 |  |

1,742 |  | 19,134 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdrafts | 56,098 |  | 139,568 |  |

| Bank loans | 1,123,136 |  | 1,163,035 |  |

| Hire purchase contracts | 12,468 |  | 27,058 |  |

1,191,702 |  | 1,329,661 |  |

| The bank hold securities which were registered with a negative pledge to Companies House on 1 February 2018 over the following assets:

| a) Barreman Farm, Clachan Farm and Home Farm, together with land at Clynder under the Scottish Land Register Title Number DMB94010.

| b) High Ground at Mill of Camsail, Roseneath, Helensburgh, G84 OQE, subjects on the north side of Rosneath Road, Rosneath, Helensburgh to the north west of Camsail Cottage and the Home Farm, Rosneath under the Scottish Land Register Title Numbers DMB48987, DMB9348 and DMB90537 respectively.

| Hire purchase contracts are secured over the assets to which they relate.

ROSNEATH FARMS LTD. (REGISTERED NUMBER: SC041399)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

2025 | 2024 |

£ | £ |

| A S Calderwood

| Balance outstanding at start of year | 8,224 |  | 8,224 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 8,224 |  | 8,224 |  |

| M H Calderwood

| Balance outstanding at start of year | (6,883 | ) | (8,627 | ) |

| Amounts advanced | 7,594 |  | 4,262 |  |

| Amounts repaid | - |  | (2,518 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 711 |  | (6,883 | ) |

| These loans are interest free, unsecured and no repayment terms have been established.