Caseware UK (AP4) 2024.0.164 2024.0.164 2025-11-27 2025-11-27 2 2 2024-11-28 false Livestock farming true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC265047 2024-11-28 2025-11-27 SC265047 2023-11-28 2024-11-27 SC265047 2025-11-27 SC265047 2024-11-27 SC265047 c:CompanySecretary1 2024-11-28 2025-11-27 SC265047 c:Director1 2024-11-28 2025-11-27 SC265047 c:RegisteredOffice 2024-11-28 2025-11-27 SC265047 d:Buildings d:LongLeaseholdAssets 2024-11-28 2025-11-27 SC265047 d:Buildings d:LongLeaseholdAssets 2025-11-27 SC265047 d:Buildings d:LongLeaseholdAssets 2024-11-27 SC265047 d:PlantMachinery 2024-11-28 2025-11-27 SC265047 d:PlantMachinery 2025-11-27 SC265047 d:PlantMachinery 2024-11-27 SC265047 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-11-28 2025-11-27 SC265047 d:MotorVehicles 2024-11-28 2025-11-27 SC265047 d:MotorVehicles 2025-11-27 SC265047 d:MotorVehicles 2024-11-27 SC265047 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-11-28 2025-11-27 SC265047 d:OwnedOrFreeholdAssets 2024-11-28 2025-11-27 SC265047 d:PatentsTrademarksLicencesConcessionsSimilar 2024-11-28 2025-11-27 SC265047 d:PatentsTrademarksLicencesConcessionsSimilar 2025-11-27 SC265047 d:PatentsTrademarksLicencesConcessionsSimilar 2024-11-27 SC265047 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-11-28 2025-11-27 SC265047 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-11-27 SC265047 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-11-27 SC265047 d:CurrentFinancialInstruments 2025-11-27 SC265047 d:CurrentFinancialInstruments 2024-11-27 SC265047 d:Non-currentFinancialInstruments 2025-11-27 SC265047 d:Non-currentFinancialInstruments 2024-11-27 SC265047 d:CurrentFinancialInstruments d:WithinOneYear 2025-11-27 SC265047 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-27 SC265047 d:Non-currentFinancialInstruments d:AfterOneYear 2025-11-27 SC265047 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-27 SC265047 d:ShareCapital 2025-11-27 SC265047 d:ShareCapital 2024-11-27 SC265047 d:RetainedEarningsAccumulatedLosses 2025-11-27 SC265047 d:RetainedEarningsAccumulatedLosses 2024-11-27 SC265047 c:OrdinaryShareClass1 2024-11-28 2025-11-27 SC265047 c:OrdinaryShareClass1 2025-11-27 SC265047 c:OrdinaryShareClass1 2024-11-27 SC265047 c:FRS102 2024-11-28 2025-11-27 SC265047 c:AuditExempt-NoAccountantsReport 2024-11-28 2025-11-27 SC265047 c:FullAccounts 2024-11-28 2025-11-27 SC265047 c:PrivateLimitedCompanyLtd 2024-11-28 2025-11-27 SC265047 e:PoundSterling 2024-11-28 2025-11-27 iso4217:GBP xbrli:shares xbrli:pure

Registered number: SC265047 EMSLIES LIVESTOCK LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 NOVEMBER 2025
EMSLIES LIVESTOCK LTD COMPANY INFORMATION
DIRECTOR | Mr H Emslie
COMPANY SECRETARY | Mrs L Emslie
REGISTERED NUMBER | SC265047
REGISTERED OFFICE | Kinknockie
| Mintlaw
| Peterhead
| AB42 5AX
ACCOUNTANTS | EQ Accountants Limited
| Chartered Accountants
| Westby
| 64 West High Street
| Forfar
| Angus
| DD8 1BJ
EMSLIES LIVESTOCK LTD REGISTERED NUMBER: SC265047 STATEMENT OF FINANCIAL POSITION AS AT 27 NOVEMBER 2025
|  | 2025 |  | 2024
|  | £ |  | £
FIXED ASSETS |  |  |  |  |
Biological assets | 4 |  | 82,750 |  | 193,750
Tangible assets | 5 |  | 346,199 |  | 472,324
Investments | 6 |  | 50 |  | 50
|  |  | 428,999 |  | 666,124
CURRENT ASSETS |  |  |  |  |
Stocks |  | 1,359,000 |  | 1,349,820 |
Biological asset |  | 35,000 |  | 124,260 |
Debtors: amounts falling due within one year | 7 | 45,959 |  | 49,481 |
Cash at bank and in hand |  | 6,701 |  | 1,203 |
|  | 1,446,660 |  | 1,524,764 |
Creditors: amounts falling due within one year | 8 | (421,857) |  | (388,623) |
NET CURRENT ASSETS |  |  | 1,024,803 |  | 1,136,141
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,453,802 |  | 1,802,265
Creditors: amounts falling due after more than one year | 9 |  | (3,210,093) |  | (3,240,687)
NET LIABILITIES |  |  | (1,756,291) |  | (1,438,422)
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital | 10 |  | 100 |  | 100
Profit and loss account |  |  | (1,756,391) |  | (1,438,522)
|  |  | (1,756,291) |  | (1,438,422)
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EMSLIES LIVESTOCK LTD REGISTERED NUMBER: SC265047 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 27 NOVEMBER 2025 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 June 2026.
Mr H Emslie
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
EMSLIES LIVESTOCK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 NOVEMBER 2025
1. | GENERAL INFORMATION
Emslies Livestock Ltd is a private company limited by shares incorporated in Scotland. The registered office is Kinknockie, Mintlaw, Peterhead, AB42 5AX. The Company's functional and presentational currency is GBP. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | GOING CONCERN
The company is relient on the continued support of the bank, the directors and the owners and at this point there is no reason to doubt that support will continue. The company has prepared projections that demonstrate that the company can continue continue to operate and have sufficient resources to meet liabilities as they fall due for a period of at least 12 months from the date of appoval of these financial statements. Consequently, the directors consider it is appropriate to prepare the financial statements on a going concern basis.
| 2.3 | TURNOVER
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Page 3
EMSLIES LIVESTOCK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 NOVEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.4 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Property improvements | - | 4.0% | straight line
|  |  |  | Plant and machinery | - | 12.5% | reducing balance
|  |  |  | Motor vehicles | - | 25.0% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.5 | BIOLOGICAL ASSETS
Biological assets are recognised only when three recognition criteria have been fulfilled: - the entity has control over the asset as a result of past events; - it is probably that future economic benefits associated with the asset will flow to the entity; and - the fair value or cost of the asset can be measured reliably. Where the company opts to measure a biological asset under the fair value model on initial recognition it must carry the asset at fair value at each reporting date. Changes in fair value less costs to sell are recognised in profit or loss. Where the company opts to measure agricultural produce harvested from the biological asset it is measured at fair value less costs to sell at the point of harvest. This measurement becomes the cost at the date the company applies Section 13 Inventories to the agricultural produce.
3. | EMPLOYEES
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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EMSLIES LIVESTOCK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 NOVEMBER 2025
4. | BIOLOGICAL ASSETS
|  | Sheep | Cattle | Total
|  | £ | £ | £
| COST |  |  |
| At 28 November 2024 | 116,250 | 77,500 | 193,750
| Disposals | (33,360) | (55,900) | (89,260)
| Revaluation surplus | (9,140) | (12,600) | (21,740)
| At 27 November 2025 | 73,750 | 9,000 | 82,750
| NET BOOK VALUE |  |  |
| At 27 November 2025 | 73,750 | 9,000 | 82,750
| At 27 November 2024 | 116,250 | 77,500 | 193,750
| The total Biological assets for the year to 30 November 2025 are £117,750. (2024 - £318,010) The Biological assets displayed as current assets total £35,000. (2024 - £124,260)
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EMSLIES LIVESTOCK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 NOVEMBER 2025
5. | TANGIBLE FIXED ASSETS
|  | Property improvements | Plant and machinery | Motor vehicles | Total
|  | £ | £ | £ | £
| COST OR VALUATION |  |  |  |
| At 28 November 2024 | 150,114 | 635,359 | 259,167 | 1,044,640
| Disposals | - | (3,420) | (145,000) | (148,420)
| At 27 November 2025 | 150,114 | 631,939 | 114,167 | 896,220
| DEPRECIATION |  |  |  |
| At 28 November 2024 | 45,545 | 356,613 | 170,158 | 572,316
| Charge for the year on owned assets | 6,066 | 34,630 | 1,862 | 42,558
| Disposals | - | (1,415) | (63,438) | (64,853)
| At 27 November 2025 | 51,611 | 389,828 | 108,582 | 550,021
| NET BOOK VALUE |  |  |  |
| At 27 November 2025 | 98,503 | 242,111 | 5,585 | 346,199
| At 27 November 2024 | 104,569 | 278,746 | 89,009 | 472,324
6. | FIXED ASSET INVESTMENTS
|  | Trade investments
|  | £
| At 28 November 2024 | 50
7. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 6,705 | 475
| Other debtors | 39,254 | 49,006
|  | 45,959 | 49,481
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EMSLIES LIVESTOCK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 NOVEMBER 2025
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 90,666 | 51,098
| Trade creditors | 120,556 | 124,552
| Obligations under finance lease and hire purchase contracts | 169,355 | 178,981
| Other creditors | 33,530 | 27,492
| Accruals and deferred income | 7,750 | 6,500
|  | 421,857 | 388,623
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,531,562 | 1,520,431
| Net obligations under finance leases and hire purchase contracts | 204,133 | 315,630
| Amounts owed to other participating interests | 1,474,398 | 1,404,626
|  | 3,210,093 | 3,240,687
| The bank loan is secured by a bond and floating charge over the property and all the assets of the Company. Hire purchase liabilities are secured over the assets to which they relate. Hire purchase liabilities are secured over the assets to which they relate.
10. | SHARE CAPITAL
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | ALLOTTED, CALLED UP AND FULLY PAID |  |
|  | 100 (2024 - 100) Ordinary shares shares of £1.00 each | 100 | 100
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