REGISTERED NUMBER: SC545942 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

ARDGARRY FARM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Kevin Gallagher

Angela Joyce Mungall

SECRETARY:

Angela Joyce Mungall

REGISTERED OFFICE:

Ardgarry Farm

Faichem

INVERGARRY

Inverness-shire

PH35 4HG

REGISTERED NUMBER:

SC545942 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

FIXED ASSETS

Tangible assets

4

47,685

54,846

CURRENT ASSETS

Stocks

2,100

2,100

Cash at bank

14,967

13,491

17,067

15,591

CREDITORS

Amounts falling due within one year

5

27,251

25,832

NET CURRENT LIABILITIES

(10,184

)

(10,241

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,501

44,605

CREDITORS

Amounts falling due after more than one year

6

-

(15,462

)

PROVISIONS FOR LIABILITIES

(9,060

)

(10,268

)

NET ASSETS

28,441

18,875

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

28,341

18,775

SHAREHOLDERS' FUNDS

28,441

18,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2026 and were signed on its behalf by:

Kevin Gallagher - Director

Angela Joyce Mungall - Director

1.	STATUTORY INFORMATION

Ardgarry Farm 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.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2025

45,181

62,842

32,965

140,988

Additions

1,204

-

1,100

2,304

At 28 February 2026

46,385

62,842

34,065

143,292

DEPRECIATION

At 1 March 2025

23,629

37,370

25,143

86,142

Charge for year

3,413

3,821

2,231

9,465

At 28 February 2026

27,042

41,191

27,374

95,607

NET BOOK VALUE

At 28 February 2026

19,343

21,651

6,691

47,685

At 28 February 2025

21,552

25,472

7,822

54,846

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

Motor

vehicles

£

COST

At 1 March 2025

32,965

Transfer to ownership

(32,965

)

At 28 February 2026

-

DEPRECIATION

At 1 March 2025

25,143

Transfer to ownership

(25,143

)

At 28 February 2026

-

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

7,822

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

-

5,000

Taxation and social security

15,949

6,280

Other creditors

11,302

14,552

27,251

25,832

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

-

7,500

Other creditors

-

7,962

-

15,462