The Braes Farming Company Limited 30/11/2025 iXBRL

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.