Registration number: SC803388

Elite Falconry Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 8

Elite Falconry Limited

Company Information

Directors

Mr B S Blyther Mrs R Blyther

Registered office Registration number

31 Townsend Place Kirkcaldy Fife KY1 1HB SC803388 (Scotland)

Accountants

Brown, Scott & Main Chartered Accountants31 Townsend Place Kirkcaldy Fife KY1 1HB

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Elite Falconry Limited
for the Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Elite Falconry Limited for the year ended 31 March 2026 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of The Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information of Elite Falconry Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of The Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our work or for this report.

It is your duty to ensure that Elite Falconry Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Elite Falconry Limited. You consider that Elite Falconry Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Elite Falconry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brown, Scott & Main
Chartered Accountants
31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

24 July 2026

Elite Falconry Limited

(Registration number: SC803388)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	6	100,586	136,329
Current assets
Stock		130,699	125,282
Debtors	7	56,425	25,256
Cash at bank and in hand		65,190	44,055
		252,314	194,593
Creditors: Amounts falling due within one year	8	(149,699)	(153,276)
Net current assets		102,615	41,317
Total assets less current liabilities		203,201	177,646
Creditors: Amounts falling due after more than one year	8	(4,548)	(33,377)
Provisions for liabilities	10	(2,525)	-
Net assets		196,128	144,269
Capital and reserves
Called up share capital	11	150,100	150,000
Retained earnings		46,028	(5,731)
Shareholders' funds		196,128	144,269

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 July 2026 and signed on its behalf by:
 

......................................... Mrs R Blyther Director

Elite Falconry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in Scotland. Its registered office address is included in Company Information on page 1.

The principal place of business is:
The Falconry Barn
Cluny Mains Farm
Kirkcaldy
Fife
KY2 6QU

These financial statements were authorised for issue by the Board on 23 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The presentation currency is sterling.

Going concern

The financial statements have been prepared on the going concern basis. The directors consider this appropriate as the company is able to meet its day to day commitments from working capital and existing financial arrangements as they fall due. The directors are confident that the company has adequate resources to continue in operational existence for the foreseeable future.

Revenue recognition

Turnover represents amounts received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is stated net of value added tax and discounts.

Tax

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 corporation 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost less accumulated depreciation and accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost less residual value of each asset over its estimated useful life, as follows:

Asset class	Depreciation method and rate
Plant and equipment	20% straight line
Motor vehicles	20% straight line
Buildings	5% straight line

Elite Falconry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for impaired stock.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. The Capital element of the future payments is treated as a liability. The interest element of these obligations is charged to the profit and loss account over the relevant period on a straight line basis. 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 shorter.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Defined contribution pension obligation

The company operates defined contribution pension schemes for the benefit of its employees and its directors. Contributions payable to the pension schemes are charged to the profit and loss account in the period to which they relate and their assets are held separately from those of the company.

Elite Falconry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2025 - 7).

4	Other operating income

	2026		2025
	£		£
Government grants	-		5,336
Insurance claim	656		2,765
	656		8,101

5

Taxation

The tax charge comprises:	2026		2025
	£		£
Corporation tax	23,035		1,889
Deferred tax	2,525		-
	25,560		1,889

6	Tangible assets

	Land and buildings £	Plant and machinery £	Equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	14,249	4,607	27,093	125,320	171,269
Additions	-	-	8,458	3,395	11,853
Disposals	-	-	-	(3,395)	(3,395)
At 31 March 2026	14,249	4,607	35,551	125,320	179,727
Depreciation
At 1 April 2025	562	598	5,990	27,790	34,940
Charge for the year	770	1,309	8,106	34,016	44,201
At 31 March 2026	1,332	1,907	14,096	61,806	79,141
Carrying amount
At 31 March 2026	12,917	2,700	21,455	63,514	100,586
At 31 March 2025	13,687	4,009	21,103	97,530	136,329

Included within the net book value of buildings above is £12,917 (2025 £13,687) in respect of leasehold land and buildings and included within the net book value of motor vehicles is £53,420 (2025 £80,082) in respect of vehicles acquired on hire purchase.

Elite Falconry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

7

Debtors

Current	2026 £	2025 £
Trade debtors	56,425	25,256
	56,425	25,256

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	28,829	45,350
Trade creditors		224	721
Directors' loans	12	45,037	39,693
Social security and other taxes		11,357	11,669
Outstanding defined contribution pension costs		349	517
Receipts in advance		37,368	49,937
Accruals		3,500	3,500
Corporation tax		23,035	1,889
		149,699	153,276

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	4,548	33,377

9	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	5,356	14,400
Bank overdrafts	-	65
Hire purchase contracts	23,473	30,885
	28,829	45,350

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	5,356
Hire purchase contracts	4,548	28,021
	4,548	33,377

Elite Falconry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

10	Provisions for liabilities

	2026		2025
	£		£
Deferred tax: accelerated capital allowances	2,525		-
			Deferred tax
			£
Balance at 1 April 2025			-
Charge / (credit) to P&L during the year			2,525
Balance at 31 March 2026			2,525

11	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	150,100	150,100	150,000	150,000

12	Related party transactions

Loans from related parties

2026	Mr B Blyther £	Total £
At start of period	39,693	39,693
Advanced	5,344	5,344
At end of period	45,037	45,037

2025	Mr B Blyther £	Total £
Advanced	39,693	39,693
At end of period	39,693	39,693

Terms of loans from related parties

The loan from Mr B Blyther is interest free and repayable on demand.