Kilmeny Farm Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC243586

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		776,208		776,688
Herd stock	6		75,084		73,655

			851,292		850,343
CURRENT ASSETS
Stocks	7	45,500		25,595
Debtors	8	27,491		15,985
Cash at bank and in hand		41,843		16,425

		114,834		58,005
Creditors: Amounts Falling Due Within One Year	9	(43,451 )		(14,619 )

NET CURRENT ASSETS (LIABILITIES)			71,383		43,386

TOTAL ASSETS LESS CURRENT LIABILITIES			922,675		893,729

Creditors: Amounts Falling Due After More Than One Year	10		(833,080 )		(848,002 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(18,067 )		(14,849 )

NET ASSETS			71,528		30,878

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			71,428		30,778

SHAREHOLDERS' FUNDS			71,528		30,878

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Kilmeny Farm Ltd

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr B Rozga

Director

31/08/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Kilmeny Farm Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC243586 . The registered office is The Old Surgery, School Road, Tarbert, Argyll, PA29 6UL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0 - 5% Straight line
Plant & Machinery	20% Reducing balance
Motor Vehicles	25% Reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Kilmeny Farm Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 March 2025	30,700

As at 28 February 2026	30,700

Amortisation
As at 1 March 2025	30,700

As at 28 February 2026	30,700

Net Book Value
As at 28 February 2026	-

As at 1 March 2025	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 March 2025	760,503	142,704	5,872	909,079
Additions	-	13,690	-	13,690

As at 28 February 2026	760,503	156,394	5,872	922,769

...CONTINUED

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Kilmeny Farm Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

Depreciation
As at 1 March 2025	33,616	93,946	4,829	132,391
Provided during the period	1,418	12,491	261	14,170

As at 28 February 2026	35,034	106,437	5,090	146,561

Net Book Value
As at 28 February 2026	725,469	49,957	782	776,208

As at 1 March 2025	726,887	48,758	1,043	776,688

6. Herd stock

	Listed
	£
Cost or Valuation
As at 1 March 2025	73,655
Additions	1,429

As at 28 February 2026	75,084

Provision
As at 1 March 2025	-

As at 28 February 2026	-

Net Book Value
As at 28 February 2026	75,084

As at 1 March 2025	73,655

7. Stocks

	2026	2025
	£	£
Cattle	35,158	24,720
Sheep	400	875
Fertiliser stock	9,942	-

	45,500	25,595

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	17,611	14,759
Other debtors	9,880	1,226

	27,491	15,985

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Kilmeny Farm Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	22,613	4,613
Bank loans and overdrafts	7,400	6,114
Taxation and social security	13,438	3,892

	43,451	14,619

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	458,455	467,140
Directors' loan account	374,625	380,862

	833,080	848,002

There is a loan of £95,000 (2025 - £95,000) from Kilmeny Ltd. Margaret Rozga is a director of Kilmeny Ltd

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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