REGISTERED NUMBER: SC192545 (Scotland)

Financial Statements for the Year Ended 31 January 2026

for

G.F. FARQUHAR (ESTATES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Erskine

G Farquhar

SECRETARY:

LC Secretaries Limited

REGISTERED OFFICE:

Johnstone House

52-54 Rose Street

ABERDEEN

AB10 1HA

REGISTERED NUMBER:

SC192545 (Scotland)

ACCOUNTANTS:

A J Croll & Company

19 Bon Accord Crescent

Aberdeen

Aberdeenshire

AB11 6DE

FIXED ASSETS

Tangible assets

4

203,157

251,710

CURRENT ASSETS

Stocks

94,749

94,749

Debtors

5

80,000

40,476

Cash at bank

3,531

2,574

178,280

137,799

CREDITORS

Amounts falling due within one year

6

88,555

85,133

NET CURRENT ASSETS

89,725

52,666

TOTAL ASSETS LESS CURRENT LIABILITIES

292,882

304,376

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

292,880

304,374

SHAREHOLDERS' FUNDS

292,882

304,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 30 October 2026 and were signed on its behalf by:

G Farquhar - Director

1.	STATUTORY INFORMATION

G.F. FARQUHAR (ESTATES) 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 February 2025

276,660

120,922

33,137

122,366

553,085

Additions

-

-

2,434

12,559

14,993

Disposals

(50,000

)

-

-

-

(50,000

)

At 31 January 2026

226,660

120,922

35,571

134,925

518,078

DEPRECIATION

At 1 February 2025

61,805

117,368

27,731

94,471

301,375

Charge for year

2,733

913

1,960

7,940

13,546

At 31 January 2026

64,538

118,281

29,691

102,411

314,921

NET BOOK VALUE

At 31 January 2026

162,122

2,641

5,880

32,514

203,157

At 31 January 2025

214,855

3,554

5,406

27,895

251,710

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Other debtors

80,000

40,476

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Taxation and social security

453

433

Other creditors

88,102

84,700

88,555

85,133

7.	RELATED PARTY DISCLOSURES

The director, G Farquhar, is a director of G.F. Farquhar (Farms) Ltd , a companys registered in Scotland. At the balance sheet date the amount due to G.F.Farquhar (farms) Limited was £9,500 (2025 - £9,000).

The director, G Farquhar, is a director of Rae Brown & Company Limited, a company registered in Scotland. . At the balance sheet date the amount due to Rae Brown & Company Limited was £7,199 (2025 - £7,199). During the year a loan was given to Rae Brown & Company Limited £40,000 and remains outstanding as at balance sheet date.

The director, G Farquhar, is a director of the London Sheltand Securities Limited, a company registered in Scotland.At the balance sheet date the amount due from London Shetland Securities Limited was £40,000 (2025 £40,000).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is G Farquhar.