IRIS Accounts Production v26.2.0.496 SC030418 Board of Directors Board of Directors 29.11.24 28.11.25 28.11.25 18/8/2026 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC030418 2024-11-28 SC030418 2025-11-28 SC030418 2024-11-29 2025-11-28 SC030418 2023-11-28 SC030418 2023-11-29 2024-11-28 SC030418 2024-11-28 SC030418 ns15:Scotland 2024-11-29 2025-11-28 SC030418 ns14:PoundSterling 2024-11-29 2025-11-28 SC030418 ns10:Director1 2024-11-29 2025-11-28 SC030418 ns10:Director2 2024-11-29 2025-11-28 SC030418 ns10:PrivateLimitedCompanyLtd 2024-11-29 2025-11-28 SC030418 ns10:SmallEntities 2024-11-29 2025-11-28 SC030418 ns10:Audited 2024-11-29 2025-11-28 SC030418 ns10:SmallCompaniesRegimeForDirectorsReport 2024-11-29 2025-11-28 SC030418 ns10:SmallCompaniesRegimeForAccounts 2024-11-29 2025-11-28 SC030418 ns10:FullAccounts 2024-11-29 2025-11-28 SC030418 ns10:CompanySecretary1 2024-11-29 2025-11-28 SC030418 ns10:RegisteredOffice 2024-11-29 2025-11-28 SC030418 ns5:CurrentFinancialInstruments 2025-11-28 SC030418 ns5:CurrentFinancialInstruments 2024-11-28 SC030418 ns5:Non-currentFinancialInstruments 2025-11-28 SC030418 ns5:Non-currentFinancialInstruments 2024-11-28 SC030418 ns5:ShareCapital 2025-11-28 SC030418 ns5:ShareCapital 2024-11-28 SC030418 ns5:SharePremium 2025-11-28 SC030418 ns5:SharePremium 2024-11-28 SC030418 ns5:RetainedEarningsAccumulatedLosses 2025-11-28 SC030418 ns5:RetainedEarningsAccumulatedLosses 2024-11-28 SC030418 1 2024-11-29 2025-11-28 SC030418 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-11-29 2025-11-28 SC030418 ns5:PlantMachinery 2024-11-29 2025-11-28 SC030418 ns5:MotorVehicles 2024-11-29 2025-11-28 SC030418 ns5:ComputerEquipment 2024-11-29 2025-11-28 SC030418 ns5:LandBuildings 2024-11-28 SC030418 ns5:PlantMachinery 2024-11-28 SC030418 ns5:MotorVehicles 2024-11-28 SC030418 ns5:ComputerEquipment 2024-11-28 SC030418 ns5:LandBuildings 2024-11-29 2025-11-28 SC030418 ns5:LandBuildings 2025-11-28 SC030418 ns5:PlantMachinery 2025-11-28 SC030418 ns5:MotorVehicles 2025-11-28 SC030418 ns5:ComputerEquipment 2025-11-28 SC030418 ns5:LandBuildings 2024-11-28 SC030418 ns5:PlantMachinery 2024-11-28 SC030418 ns5:MotorVehicles 2024-11-28 SC030418 ns5:ComputerEquipment 2024-11-28 SC030418 ns5:CostValuation 2024-11-28 SC030418 ns5:AdditionsToInvestments 2025-11-28 SC030418 ns5:DisposalsRepaymentsInvestments 2025-11-28 SC030418 ns5:RevaluationsIncreaseDecreaseInInvestments 2025-11-28 SC030418 ns5:CostValuation 2025-11-28 SC030418 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-11-28 SC030418 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-11-28 SC030418 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-11-28 SC030418 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-11-28 SC030418 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-11-28 SC030418 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-11-28 SC030418 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2025-11-28 SC030418 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2024-11-28 SC030418 ns5:Secured 2025-11-28 SC030418 ns5:Secured 2024-11-28 SC030418 ns5:DeferredTaxation 2024-11-28 SC030418 ns5:DeferredTaxation 2024-11-29 2025-11-28 SC030418 ns5:DeferredTaxation 2025-11-28 SC030418 ns5:RetainedEarningsAccumulatedLosses 2024-11-28 SC030418 ns5:SharePremium 2024-11-28 SC030418 ns5:RetainedEarningsAccumulatedLosses 2024-11-29 2025-11-28

REGISTERED NUMBER: SC030418 (Scotland)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 NOVEMBER 2025

FOR

THE DOURIE FARMING COMPANY LIMITED

THE DOURIE FARMING COMPANY LIMITED (REGISTERED NUMBER: SC030418)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 NOVEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

THE DOURIE FARMING COMPANY LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 28 NOVEMBER 2025

| DIRECTORS: | Rory Henderson Christie

| Gregor Robin Christie

| SECRETARY: | Robert Begg

| REGISTERED OFFICE: | Monreith Estate Office

| Port William

| Newton Stewart

| DG8 9LB

| REGISTERED NUMBER: | SC030418 (Scotland)

| SENIOR STATUTORY AUDITOR: | Marguerite Roos BAcc CA

| AUDITORS: | Galbraith Pritchards

| Chartered Accountants & Statutory Auditor

| 20 Barns Street

| Ayr

| Ayrshire

| KA7 1XA

| BANKERS: | Bank of Scotland

| 21 North Main Street

| Wigtown

| DG8 9HL

| SOLICITORS: | Shepherd + Wedderburn

| 1 Exchange Crescent

| Conference Square

| Edinburgh

| EH3 8UL

THE DOURIE FARMING COMPANY LIMITED (REGISTERED NUMBER: SC030418)

BALANCE SHEET

28 NOVEMBER 2025

| 28/11/25 | 28/11/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,268,096 |  | 3,418,414 |  |

Investments | 5 | 71,583 |  | 54,532 |  |

3,339,679 |  | 3,472,946 |  |

CURRENT ASSETS

Stocks | 6 | 2,238,712 |  | 2,448,322 |  |

Debtors | 7 | 878,875 |  | 521,153 |  |

Cash at bank and in hand | 985,222 |  | 273,293 |  |

4,102,809 |  | 3,242,768 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,604,406 |  | 964,033 |  |

NET CURRENT ASSETS | 2,498,403 |  | 2,278,735 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,838,082 |  | 5,751,681 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (3,163,787 | ) | (3,433,166 | ) |

PROVISIONS FOR LIABILITIES | 11 | (308,537 | ) | (366,031 | ) |

NET ASSETS | 2,365,758 |  | 1,952,484 |  |

CAPITAL AND RESERVES

Called up share capital | 16,415 |  | 16,415 |  |

Share premium | 12 | 60,085 |  | 60,085 |  |

Retained earnings | 12 | 2,289,258 |  | 1,875,984 |  |

SHAREHOLDERS' FUNDS | 2,365,758 |  | 1,952,484 |  |

THE DOURIE FARMING COMPANY LIMITED (REGISTERED NUMBER: SC030418)

BALANCE SHEET - continued

28 NOVEMBER 2025

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:

Rory Henderson Christie - Director

Gregor Robin Christie - Director

THE DOURIE FARMING COMPANY LIMITED (REGISTERED NUMBER: SC030418)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 NOVEMBER 2025

1. | STATUTORY INFORMATION

| The Dourie Farming Company Limited 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.

| The Dourie Farming Company Limited is a wholly owned subsidiary of Dourie Holding Limited whose registered office is Monreith Estate Office, Port William.

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.

| CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

| TURNOVER

| The company has only one class of turnover which is farming. Turnover represents the total invoice value, excluding value added tax, of goods sold and services rendered during the year.

| TANGIBLE FIXED ASSETS

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Land and buildings | - | at varying rates on cost

| Plant and machinery | - | At variable rates

| Motor vehicles | - | 15% on reducing balance

| Tractors | - | 10% on reducing balance

| Land is not depreciated.

| STOCKS

| Mature animals are valued at fair value.

| Trading livestock are valued at the lower of cost or net realisable value, cost calculated to include, where appropriate, cost of rearing. Other stocks are valued at the lower of cost or net realisable value.

| 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.

THE DOURIE FARMING COMPANY LIMITED (REGISTERED NUMBER: SC030418)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| RESEARCH AND DEVELOPMENT

| Research expenditure is written off as it is incurred and charged to the profit and loss account. Development expenditure is written off, except where there is a separate project that is technically, commercially and financially viable. In these case the identifiable expenditure is deferred and amortised over the period the company is expected to derive benefit.

| FOREIGN CURRENCIES

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| GOVERNMENT GRANTS

| Government grants in respect of capital expenditure are credited to the profit and loss account over the estimated useful life of the relevant fixed assets. The grants shown in the balance sheet represent the total grants receivable to date less the amount so far credited to the profit and loss account.

| Revenue grants received by way of subsidies are credited to the profit and loss account so as to match them with the expenditure to which they relate.

| INVESTMENTS

| Investments held as fixed assets are stated at fair value. Dividends and other income arising therefrom are recognised in the profit and loss account when received.

THE DOURIE FARMING COMPANY LIMITED (REGISTERED NUMBER: SC030418)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| EMPLOYEE BENEFITS

| Short-term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

| When employees have rendered service to the company, short term benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. Principally this includes the holiday pay accrual calculated at the year end..

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 19 (2024 - 21 ) .

4. | TANGIBLE FIXED ASSETS

| Land and |  | Plant and |  | Motor |

| buildings |  | machinery |  | vehicles |  | Tractors |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 29 November 2024 | 1,389,367 |  | 5,480,065 |  | 120,260 |  | 47,400 |  | 7,037,092 |  |

| Additions | 21,086 |  | 117,471 |  | 63,000 |  | - |  | 201,557 |  |

| Disposals | (3,440 | ) | (227,481 | ) | (16,545 | ) | - |  | (247,466 | ) |

| At 28 November 2025 | 1,407,013 |  | 5,370,055 |  | 166,715 |  | 47,400 |  | 6,991,183 |  |

| DEPRECIATION

| At 29 November 2024 | 497,062 |  | 3,065,871 |  | 44,850 |  | 10,895 |  | 3,618,678 |  |

| Charge for year | 65,062 |  | 230,909 |  | 19,002 |  | 3,650 |  | 318,623 |  |

| Eliminated on disposal | (3,096 | ) | (206,302 | ) | (4,816 | ) | - |  | (214,214 | ) |

| At 28 November 2025 | 559,028 |  | 3,090,478 |  | 59,036 |  | 14,545 |  | 3,723,087 |  |

| NET BOOK VALUE

| At 28 November 2025 | 847,985 |  | 2,279,577 |  | 107,679 |  | 32,855 |  | 3,268,096 |  |

| At 28 November 2024 | 892,305 |  | 2,414,194 |  | 75,410 |  | 36,505 |  | 3,418,414 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 29 November 2024 | 54,532 |  |

| Additions | 22,631 |  |

| Disposals | (7,236 | ) |

| Revaluations | 1,656 |  |

| At 28 November 2025 | 71,583 |  |

| NET BOOK VALUE

| At 28 November 2025 | 71,583 |  |

| At 28 November 2024 | 54,532 |  |

THE DOURIE FARMING COMPANY LIMITED (REGISTERED NUMBER: SC030418)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 NOVEMBER 2025

5. | FIXED ASSET INVESTMENTS - continued

| Cost or valuation at 28 November 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2025 | (63 | ) |

| Cost | 71,646 |  |

71,583 |  |

6. | STOCKS

| 28/11/25 |  | 28/11/24

£ | £ |

| Pig herd | 19,040 |  | 19,400 |  |

| Cattle herd | 1,045,500 |  | 1,138,425 |  |

| Trading livestock | 838,385 |  | 887,085 |  |

| Other stocks | 335,787 |  | 403,412 |  |

2,238,712 |  | 2,448,322 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28/11/25 |  | 28/11/24

£ | £ |

| Trade debtors | 372,489 |  | 300,374 |  |

| Amounts owed by group undertakings | 8,122 |  | 12,056 |  |

| Other debtors | 19,659 |  | 18,799 |  |

| Tax | 307,030 |  | 173,758 |  |

| VAT | 170,137 |  | 15,168 |  |

| Prepayments | 1,438 |  | 998 |  |

878,875 |  | 521,153 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28/11/25 |  | 28/11/24

£ | £ |

| Bank loans and overdrafts | 246,196 |  | 243,012 |  |

| Other loans | 15,000 |  | 15,000 |  |

| Trade creditors | 897,445 |  | 295,689 |  |

| Social security and other taxes | 10,699 |  | 3,998 |  |

| Directors' current accounts | 186,769 |  | 191,406 |  |

| Accrued expenses | 102,530 |  | 68,920 |  |

| Deferred government grants | 145,767 |  | 146,008 |  |

1,604,406 |  | 964,033 |  |

THE DOURIE FARMING COMPANY LIMITED (REGISTERED NUMBER: SC030418)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 NOVEMBER 2025

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 28/11/25 |  | 28/11/24

£ | £ |

| Bank loans - 1-2 years | 240,336 |  | 241,480 |  |

| Bank loans - 2-5 years | 715,847 |  | 719,622 |  |

| Bank loans more 5 yr by instal | 2,199,511 |  | 2,448,971 |  |

| Other loans | 8,093 |  | 23,093 |  |

3,163,787 |  | 3,433,166 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 2,199,511 |  | 2,448,971 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 28/11/25 |  | 28/11/24

£ | £ |

| Bank loans | 3,401,890 |  | 3,653,085 |  |

| The bank loans are secured by way of a standard security over various land and properties and a floating charge.

11. | PROVISIONS FOR LIABILITIES

| 28/11/25 |  | 28/11/24

£ | £ |

| Deferred tax | 308,537 |  | 366,031 |  |

| Deferred |

| tax |

£ |

| Balance at 29 November 2024 | 366,031 |  |

| Provided during year | (57,494 | ) |

| Balance at 28 November 2025 | 308,537 |  |

12. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 29 November 2024 | 1,875,984 |  | 60,085 |  | 1,936,069 |  |

| Profit for the year | 525,346 |  | 525,346 |  |

| Dividends | (112,072 | ) | (112,072 | ) |

| At 28 November 2025 | 2,289,258 |  | 60,085 |  | 2,349,343 |  |

THE DOURIE FARMING COMPANY LIMITED (REGISTERED NUMBER: SC030418)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 NOVEMBER 2025

13. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Marguerite Roos BAcc CA (Senior Statutory Auditor)

| for and on behalf of Galbraith Pritchards

14. | RELATED PARTY DISCLOSURES

| Included within creditors is an interest-free loan of £23,093 from a related party. The loan is repayable by instalments over the next two years.

15. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

| In common with many businesses of a similar size and nature, the company engages its auditors to provide certain non-audit services, including the preparation and submission of tax returns to the relevant tax authorities and assistance with the preparation of the annual financial statements. These services are undertaken in addition to the statutory audit and are considered routine administrative and compliance matters.