| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 October 2025 |
| for |
| MACFARLANE FARMS LIMITED |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 October 2025 |
| for |
| MACFARLANE FARMS LIMITED |
| MACFARLANE FARMS LIMITED (Registered number: SC180688) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MACFARLANE FARMS LIMITED |
| Company Information |
| for the Year Ended 31 October 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| MACFARLANE FARMS LIMITED (Registered number: SC180688) |
| Balance Sheet |
| 31 October 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) |
| ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings | 13 |
| 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. |
| MACFARLANE FARMS LIMITED (Registered number: SC180688) |
| Balance Sheet - continued |
| 31 October 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| MACFARLANE FARMS LIMITED (Registered number: SC180688) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2025 |
| 1. | STATUTORY INFORMATION |
| MACFARLANE FARMS LIMITED is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Leasehold improvements | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| 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. |
| Deferred taxation |
| In accordance with FRS 19 deferred taxation has been provided on all timing differences. |
| Grant reserve |
| A capital grant was received in an earlier year in connection with the construction of a new shed. The grant is being released to the profit and loss account in line with the depreciation policy of the asset. |
| Single farm payment |
| The single farm payment is recognised evenly on a time apportioned basis over the calender year to which it relates. |
| MACFARLANE FARMS LIMITED (Registered number: SC180688) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2025 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Leasehold | Plant and | and |
| improvements | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 November 2024 |
| Additions |
| Disposals | ( |
) |
| At 31 October 2025 |
| DEPRECIATION |
| At 1 November 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 October 2025 |
| NET BOOK VALUE |
| At 31 October 2025 |
| At 31 October 2024 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 November 2024 |
| Additions |
| Disposals | ( |
) |
| At 31 October 2025 |
| DEPRECIATION |
| At 1 November 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 October 2025 |
| NET BOOK VALUE |
| At 31 October 2025 |
| At 31 October 2024 |
| MACFARLANE FARMS LIMITED (Registered number: SC180688) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 November 2024 |
| Additions |
| Transfer to ownership | (52,900 | ) | - | (52,900 | ) |
| At 31 October 2025 |
| DEPRECIATION |
| At 1 November 2024 |
| Charge for year |
| Transfer to ownership | (14,677 | ) | - | (14,677 | ) |
| At 31 October 2025 |
| NET BOOK VALUE |
| At 31 October 2025 |
| At 31 October 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 November 2024 |
| and 31 October 2025 |
| NET BOOK VALUE |
| At 31 October 2025 |
| At 31 October 2024 |
| 6. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Stocks |
| Herd stock |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| MACFARLANE FARMS LIMITED (Registered number: SC180688) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to group undertakings |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr | 1,000,000 | 1,003,241 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| The company's bankers hold a bond and floating charge over the company's assets. |
| The bank also hold an unlimited cross guarantee from the company relating to it's parent company Gartmore Farms Limited. |
| 11. | PROVISIONS FOR LIABILITIES |
| 2025 |
| £ |
| Deferred tax |
| Capital allowances | 83,211 |
| Capital tax losses | (7,227 | ) |
| 75,984 |
| MACFARLANE FARMS LIMITED (Registered number: SC180688) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2025 |
| 11. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 November 2024 | ( |
) |
| Accelerated capital allowances | 83,211 |
| Balance at 31 October 2025 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary shares | £1 | 2 | 2 |
| 13. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 November 2024 |
| Profit for the year |
| At 31 October 2025 |
| 14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The company paid management charges of £123,595 in the year under review to J & I MacFarlane, a partnership controlled by John MacFarlane. |
| The amount due from J & I MacFarlane at the year end was in the amount of £344,461. |
| 15. | RELATED PARTY DISCLOSURES |
| The company paid grazing rents of £95,000 in the year under review to its parent company, Gartmore Farms Limited. The balance due to that company at the balance sheet date was £2,914,871. |
| 16. | ULTIMATE CONTROLLING PARTY |
| The company was under the control of the directors throughout the year under review. The directors are the equity shareholders of the parent company. |