5 01/12/2024 30/11/2025 2025-11-30 false false false false false false false true false false true false false false false true false false No description of principal activities is disclosed 2024-12-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP SC033949 2024-12-01 2025-11-30 SC033949 2025-11-30 SC033949 2024-11-30 SC033949 2023-12-01 2024-11-30 SC033949 2024-11-30 SC033949 2023-11-30 SC033949 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-01 2025-11-30 SC033949 core:PlantMachinery 2024-12-01 2025-11-30 SC033949 core:FurnitureFittingsToolsEquipment 2024-12-01 2025-11-30 SC033949 core:MotorVehicles 2024-12-01 2025-11-30 SC033949 bus:RegisteredOffice 2024-12-01 2025-11-30 SC033949 bus:LeadAgentIfApplicable 2024-12-01 2025-11-30 SC033949 bus:Agent1 2024-12-01 2025-11-30 SC033949 bus:Director3 2024-12-01 2025-11-30 SC033949 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 SC033949 core:PlantMachinery 2024-11-30 SC033949 core:FurnitureFittingsToolsEquipment 2024-11-30 SC033949 core:MotorVehicles 2024-11-30 SC033949 core:LandBuildings core:OwnedOrFreeholdAssets 2025-11-30 SC033949 core:PlantMachinery 2025-11-30 SC033949 core:FurnitureFittingsToolsEquipment 2025-11-30 SC033949 core:MotorVehicles 2025-11-30 SC033949 core:WithinOneYear 2025-11-30 SC033949 core:WithinOneYear 2024-11-30 SC033949 core:ShareCapital 2025-11-30 SC033949 core:ShareCapital 2024-11-30 SC033949 core:RetainedEarningsAccumulatedLosses 2025-11-30 SC033949 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC033949 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 SC033949 core:PlantMachinery 2024-11-30 SC033949 core:FurnitureFittingsToolsEquipment 2024-11-30 SC033949 core:MotorVehicles 2024-11-30 SC033949 bus:SmallEntities 2024-12-01 2025-11-30 SC033949 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 SC033949 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 SC033949 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 SC033949 bus:FullAccounts 2024-12-01 2025-11-30
Company registration number: SC033949
The Braes Farming Company Limited
Unaudited filleted financial statements
30 November 2025
The Braes Farming Company Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
The Braes Farming Company Limited
Directors and other information

| Directors | Mr M E McNaughton
| Company number | SC033949
| Registered office | Inverlochlarig
|  | Balquhidder
|  | Lochearnhead
|  | Perthshire
|  | FK19 8PQ
| Accountants | BK Plus
|  | 20 Barnton Street
|  | Stirling
|  | FK8 1NE

| Bankers | Bank of Scotland
|  | 42 Main Street
|  | Callander
|  | FK17 8BD
|  | Virgin Money
|  | 158 High Street
|  | St Johns Centre
|  | Perth
|  | PH1 5UH

The Braes Farming Company Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of The Braes Farming Company Limited
Year ended 30 November 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Braes Farming Company Limited for the year ended 30 November 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of The Braes Farming Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Braes Farming Company Limited and state those matters that we have agreed to state to the board of directors of The Braes Farming Company Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Braes Farming Company Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that The Braes Farming Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Braes Farming Company Limited. You consider that The Braes Farming Company 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 financial statements of The Braes Farming Company 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 financial statements.
BK Plus
20 Barnton Street
Stirling
FK8 1NE
13 July 2026
The Braes Farming Company Limited
Statement of financial position
30 November 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 421,982 |  |  |  | 451,345 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 421,982 |  |  |  | 451,345
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 60,706 |  |  |  | 53,552 |  |
Debtors |  | 7 | 37,045 |  |  |  | 40,875 |  |
Cash at bank and in hand |  |  | 960,697 |  |  |  | 796,527 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 1,058,448 |  |  |  | 890,954 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 8 | ( 90,797) |  |  |  | ( 62,101) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 967,651 |  |  |  | 828,853
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 1,389,633 |  |  |  | 1,280,198
Provisions for liabilities |  |  |  |  | ( 83,652) |  |  |  | ( 88,648)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 1,305,981 |  |  |  | 1,191,550
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 20,000 |  |  |  | 20,000
Profit and loss account |  |  |  |  | 1,285,981 |  |  |  | 1,171,550
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 1,305,981 |  |  |  | 1,191,550
|  |  |  |  | _______ |  |  |  | _______

For the year ending 30 November 2025 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 13 July 2026 , and are signed on behalf of the board by:
Mr M E McNaughton
Director
Company registration number: SC033949
The Braes Farming Company Limited
Notes to the financial statements
Year ended 30 November 2025
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Inverlochlarig, Inverlochlarig, Balquhidder, Lochearnhead, Perthshire, FK19 8PQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold property | - | 5 % | straight line
| Plant and machinery | - | 22 % | reducing balance
| Fittings fixtures and equipment | - | 10 % | reducing balance
| Motor vehicles | - | 20 % | reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).
5. Tangible assets

|  | Freehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Hydro plant | Total |
|  | £ | £ | £ | £ | £ | £ |
| Cost |  |  |  |  |  |  |
| At 1 December 2024 | 125,888 | 100,987 | 95,652 | 81,718 | 595,592 | 999,837 |
| Additions | - | 900 | - | - | - | 900 |
|  | _______ | _______ | _______ | _______ | _______ | _______ |
| At 30 November 2025 | 125,888 | 101,887 | 95,652 | 81,718 | 595,592 | 1,000,737 |
|  | _______ | _______ | _______ | _______ | _______ | _______ |
| Depreciation |  |  |  |  |  |  |
| At 1 December 2024 | 76,142 | 90,280 | 78,537 | 46,445 | 257,088 | 548,492 |
| Charge for the year | 1,032 | 800 | 1,712 | 9,794 | 16,925 | 30,263 |
|  | _______ | _______ | _______ | _______ | _______ | _______ |
| At 30 November 2025 | 77,174 | 91,080 | 80,249 | 56,239 | 274,013 | 578,755 |
|  | _______ | _______ | _______ | _______ | _______ | _______ |
| Carrying amount |  |  |  |  |  |  |
| At 30 November 2025 | 48,714 | 10,807 | 15,403 | 25,479 | 321,579 | 421,982 |
|  | _______ | _______ | _______ | _______ | _______ | _______ |
| At 30 November 2024 | 49,746 | 10,707 | 17,115 | 35,273 | 338,504 | 451,345 |
|  | _______ | _______ | _______ | _______ | _______ | _______ |

7. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Other debtors |  | 37,045 | 40,875
|  |  | _______ | _______

8. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Trade creditors |  | 603 | 5,241
| Social security and other taxes |  | 46,210 | 33,685
| Other creditors |  | 43,984 | 23,175
|  |  | _______ | _______
|  |  | 90,797 | 62,101
|  |  | _______ | _______

9. Controlling party
No one shareholder has overall control of the company.