REGISTERED NUMBER: SC276553 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Sandystones Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G K Lee

Mrs P M Lee

H K Lee

Mrs J R M Lee

SECRETARY:

Mrs P M Lee

REGISTERED OFFICE:

Sandystones Farm

Ancrum

Jedburgh

Roxburghshire

TD8 6UP

REGISTERED NUMBER:

SC276553 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Intangible assets

4

1,795

4,195

Property, plant and equipment

5

2,887,098

2,454,020

Investments

6

215,448

204,007

3,104,341

2,662,222

CURRENT ASSETS

Inventories

7

505,622

406,090

Debtors

8

194,715

170,325

Cash at bank

698,516

746,736

1,398,853

1,323,151

CREDITORS

Amounts falling due within one year

9

1,399,899

996,024

NET CURRENT (LIABILITIES)/ASSETS

(1,046

)

327,127

TOTAL ASSETS LESS CURRENT LIABILITIES

3,103,295

2,989,349

CREDITORS

Amounts falling due after more than one year

10

(824,667

)

(1,306,250

)

PROVISIONS FOR LIABILITIES

(198,500

)

(93,000

)

NET ASSETS

2,080,128

1,590,099

CAPITAL AND RESERVES

Called up share capital

12

120

120

Revaluation reserve

7,674

-

Capital redemption reserve

40

40

Retained earnings

2,072,294

1,589,939

SHAREHOLDERS' FUNDS

2,080,128

1,590,099

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 7 August 2026 and were signed on its behalf by:

G K Lee - Director

H K Lee - Director

1.	STATUTORY INFORMATION

Sandystones 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 as modified by the revaluation of certain assets.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

BPS entitlements are being amortised evenly over their estimated useful life of nil years.

Investments are stated at fair value. Gains and losses on disposal are taken to the income and expenditure account. Unrealised gains or losses on revaluation are also taken to the income and expenditure account.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Laying sheds

-

10% on cost

Hatchery equipment

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Tractors

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer and office equipment

-

100% on cost

Stocks

Inventories 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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

BPS

Goodwill

entitlements

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

175,000

12,000

187,000

AMORTISATION

At 1 January 2025

175,000

7,805

182,805

Amortisation for year

-

2,400

2,400

At 31 December 2025

175,000

10,205

185,205

NET BOOK VALUE

At 31 December 2025

-

1,795

1,795

At 31 December 2024

-

4,195

4,195

5.	PROPERTY, PLANT AND EQUIPMENT

Farm land

Improvements

and

Laying

to

Hatchery

buildings

sheds

property

equipment

£

£

£

£

COST

At 1 January 2025

1,653,982

151,830

884,444

16,800

Additions

-

-

-

-

Disposals

-

-

-

(8,800

)

At 31 December 2025

1,653,982

151,830

884,444

8,000

DEPRECIATION

At 1 January 2025

-

99,779

447,359

13,850

Charge for year

-

10,383

58,011

737

Eliminated on disposal

-

-

-

(8,800

)

At 31 December 2025

-

110,162

505,370

5,787

NET BOOK VALUE

At 31 December 2025

1,653,982

41,668

379,074

2,213

At 31 December 2024

1,653,982

52,051

437,085

2,950

Computer

and

Plant and

Motor

office

machinery

Tractors

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

563,292

195,650

108,805

20,036

3,594,839

Additions

465,610

184,000

-

-

649,610

Disposals

(47,837

)

(134,000

)

-

(12,230

)

(202,867

)

At 31 December 2025

981,065

245,650

108,805

7,806

4,041,582

DEPRECIATION

At 1 January 2025

398,017

112,922

49,132

19,760

1,140,819

Charge for year

31,907

17,784

14,919

276

134,017

Eliminated on disposal

(17,972

)

(81,350

)

-

(12,230

)

(120,352

)

At 31 December 2025

411,952

49,356

64,051

7,806

1,154,484

NET BOOK VALUE

At 31 December 2025

569,113

196,294

44,754

-

2,887,098

At 31 December 2024

165,275

82,728

59,673

276

2,454,020

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2025

204,007

Additions

3,767

Revaluations

7,674

At 31 December 2025

215,448

NET BOOK VALUE

At 31 December 2025

215,448

At 31 December 2024

204,007

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2024

204,007

Valuation in 2025

11,441

215,448

7.	INVENTORIES

31/12/25

31/12/24

£

£

Crop valuation

48,454

79,400

Livestock stock

339,416

275,655

Sundry stock

117,752

51,035

505,622

406,090

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

100,440

118,969

Other debtors

94,275

51,356

194,715

170,325

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans and overdrafts (see note 11)

-

69

Hire purchase contracts

15,500

19,371

Trade creditors

383,958

73,685

Taxation and social security

108,781

82,089

Other creditors

891,660

820,810

1,399,899

996,024

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans (see note 11)

800,000

1,300,000

Hire purchase contracts

24,667

6,250

824,667

1,306,250

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

800,000

1,300,000

11.

LOANS

An analysis of the maturity of loans is given below:

31/12/25

31/12/24

£

£

Amounts falling due within one year or on demand:

Bank loans

-

69

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

800,000

1,300,000

During the year, the company repaid in full a term loan with an outstanding principal balance of £1,300,000.

The repayment triggered a fixed rate break gain of £476,413, resulting from the difference between the carrying amount of the loan and the settlement amount.This amount is recognised in the profit or loss account.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/25

31/12/24

value:

£

£

20

Ordinary B

£1

20

20

21

Ordinary C

£1

21

21

20

Ordinary D

£1

20

20

19

Ordinary A

£1

19

19

20

Ordinary E

£1

20

20

20

Ordinary F

£1

20

20

120

120