REGISTERED NUMBER: SC429554 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

S M Graham Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs S M Greer

SECRETARY:

Mrs R A Smith

REGISTERED OFFICE:

Raecruick Farm

Auchtermuchty

Cupar

Fife

KY14 7ER

REGISTERED NUMBER:

SC429554 (Scotland)

ACCOUNTANTS:

Bell Barr & Company

Chartered Accountants

2 Stewart Street

Milngavie

Glasgow

G62 6BW

FIXED ASSETS

Tangible assets

4

463,243

-

Investment property

5

564,767

564,767

1,028,010

564,767

CURRENT ASSETS

Debtors

6

2,998

358,608

Cash at bank

20,540

7,426

23,538

366,034

CREDITORS

Amounts falling due within one year

7

585,129

470,764

NET CURRENT LIABILITIES

(561,591

)

(104,730

)

TOTAL ASSETS LESS CURRENT LIABILITIES

466,419

460,037

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

466,418

460,036

SHAREHOLDERS' FUNDS

466,419

460,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 10 July 2026 and were signed by:

Mrs S M Greer - Director

1.	STATUTORY INFORMATION

S M Graham Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with 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 convention.

The director has reviewed the company's operating costs for the next twelve months, and the sources of funds available, and is satisfied that the company is a going concern.

Turnover

Turnover represents income earned from generating heat via biomass together with rents receivable. and plant hire.

Tangible fixed assets

Depreciation is provided where applicable to write off the cost less estimated residual value of each asset over its estimated useful life. Agricultural land is not depreciated.

Investment property

Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value are recognised in profit or loss.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Cash at bank

Cash at bank and in hand included cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

Additions

463,243

At 31 October 2025

463,243

NET BOOK VALUE

At 31 October 2025

463,243

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

564,767

NET BOOK VALUE

At 31 October 2025

564,767

At 31 October 2024

564,767

The director has reviewed the value of investment properties and is satisfied that no revaluation adjustment is required this year.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other debtors

2,998

358,608

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Taxation and social security

1,574

91,551

Other creditors

583,555

379,213

585,129

470,764