Company No:
Contents
| DIRECTOR | James Spencer Matthews |
| SECRETARY | Neil Stephen Mcguinness |
| REGISTERED OFFICE | Affric Lodge |
| Cannich | |
| Beauly | |
| IV4 7NB | |
| Scotland | |
| United Kingdom |
| COMPANY NUMBER | SC335564 (Scotland) |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 2,872,334 | 3,104,979 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 468,823 | 132,191 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (1,267,081) | (12,079,223) | ||
| Total assets less current liabilities | 1,605,253 | (8,974,244) | ||
| Net assets/(liabilities) |
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| Capital and reserves | ||||
| Called-up share capital | 6 |
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| Profit and loss account | (
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| Total shareholder's funds/(deficit) |
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Director's responsibilities:
The financial statements of Beaufort Glen Affric Limited (registered number:
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James Spencer Matthews
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Beaufort Glen Affric Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the company's registered office is Affric Lodge, Cannich, Beauly, IV4 7NB, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. At 31 December 2025 the business had net current liabilities of £1,267,081 (2024 - £12,079,223) and net assets of £1,605,253 (2024 - net liabilities of £8,974,244), and made a loss of £1,138,606 for the financial year. The Company is supported through loans from the Parent Company, which are repayable on demand. The director is confident that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Deferred tax
Deferred tax has not been recognised in respect of losses due to uncertainty as to the timing and extent of profits.
| Leasehold improvements |
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| Plant and machinery |
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| Vehicles |
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| Fixtures and fittings |
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Rentals under operating leases are charged on a straight-line basis over the lease term.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year |
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| Leasehold improve- ments |
Plant and machinery | Vehicles | Fixtures and fittings | Total | |||||
| £ | £ | £ | £ | £ | |||||
| Cost | |||||||||
| At 01 January 2025 |
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| Additions |
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| At 31 December 2025 |
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| Accumulated depreciation | |||||||||
| At 01 January 2025 |
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| Charge for the financial year |
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| At 31 December 2025 |
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| Net book value | |||||||||
| At 31 December 2025 | 2,728,932 | 10,315 | 122,044 | 11,043 | 2,872,334 | ||||
| At 31 December 2024 | 3,007,779 | 23,634 | 56,763 | 16,803 | 3,104,979 |
| 2025 | 2024 | ||
| £ | £ | ||
| Prepayments and accrued income |
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| VAT recoverable |
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| Other debtors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors |
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| Amounts owed to parent undertakings (note 7) |
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| Amounts owed to related parties (note 7) |
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| Amounts owed to director (note 7) |
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| Accruals and deferred income |
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| Other taxation and social security |
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| Other creditors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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During 2025 11,718,103 £1 Ordinary shares were issued at par.
Transactions with owners holding a participating interest in the entity
| 2025 | 2024 | ||
| £ | £ | ||
| Loans received from parent entity | 1,370,582 | 11,711,699 | |
| Rent charged by parent entity | 160,000 | 160,000 |
Amounts due to the parent entity are interest free, unsecured and payable on demand.
Transactions with the entity's director
| 2025 | 2024 | ||
| £ | £ | ||
| Loans received from the director | 0 | 18,011 |
Amounts due to the director are interest free, unsecured and payable on demand.
Other related party transactions
| 2025 | 2024 | ||
| £ | £ | ||
| Loans received from other related parties | 0 | 340,000 |
Amounts due to other related parties are interest free, unsecured and payable on demand.
Parent Company:
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| Oliaji Trade Centre, Victoria, Mahe, Seychelles |