Company No: SC852947 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2026
		£
Fixed assets
Tangible assets	3	1,684,050
		1,684,050
Current assets
Stocks	4	333,832
Debtors	5	25,972
		359,804
Creditors: amounts falling due within one year	7	( 1,326,694)
Net current liabilities		(966,890)
Total assets less current liabilities		717,160
Creditors: amounts falling due after more than one year	8	( 744,286)
Provision for liabilities	9, 10	( 373,513)
Net liabilities		( 400,639)
Capital and reserves
Called-up share capital	11	100
Profit and loss account		( 400,739 )
Total shareholders' deficit		( 400,639)

For the financial period ending 31 March 2026 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 financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Bonnyton Farm Limited (registered number: SC852947) were approved and authorised for issue by the Board of Directors on 20 October 2026. They were signed on its behalf by:

Gavin Robert Fleming Director

Fiona Kay Fleming Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Bonnyton Farm 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 Bonnyton Den House, Bonnyton Farm, Montrose, DD10 9TL, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £400,639. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe 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.

Reporting period length

The company was incorporated on 20 June 2025. The financial statements cover the period from incorporation to 31 March 2026. As this is the company's first accounting period, the financial statements have been prepared for a period of less than 12 months and there are no comparative figures.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	15 % reducing balance
Vehicles	20 % reducing balance
Office equipment	5 years straight line

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

	Period from 20.06.2025 to 31.03.2026
	Number
Monthly average number of persons employed by the Company during the period, including directors	7

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 20 June 2025	0		0		0		0		0
Additions	190,000		1,622,990		14,122		683		1,827,795
At 31 March 2026	190,000		1,622,990		14,122		683		1,827,795
Accumulated depreciation
At 20 June 2025	0		0		0		0		0
Charge for the financial period	0		142,012		1,648		85		143,745
At 31 March 2026	0		142,012		1,648		85		143,745
Net book value
At 31 March 2026	190,000		1,480,978		12,474		598		1,684,050

4. Stocks

	31.03.2026
	£
Crops	283,806
Other stock	50,026
	333,832

5. Debtors

	31.03.2026
	£
VAT recoverable	25,972

6. Cash and cash equivalents

	31.03.2026
	£
Less: Bank overdrafts	( 128,129)

7. Creditors: amounts falling due within one year

	31.03.2026
	£
Bank overdrafts	128,129
Amounts owed to directors (note 12)	930,220
Accruals	3,000
Taxation and social security	46,319
Obligations under finance leases and hire purchase contracts	51,009
Other creditors	168,017
	1,326,694

8. Creditors: amounts falling due after more than one year

	31.03.2026
	£
Bank loans	571,653
Obligations under finance leases and hire purchase contracts	172,633
	744,286

The bank loans are secured by fixed charges over the land in one of the director's sole name.

9. Provision for liabilities

	31.03.2026
	£
Deferred tax	373,513

10. Deferred tax

	31.03.2026
	£
At the beginning of financial period	0
Charged to the Profit and Loss Account	( 373,513)
At the end of financial period	( 373,513)

11. Called-up share capital

	31.03.2026
	£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100

12. Related party transactions

Transactions with the entity’s directors (or members of its governing body)

Amounts owed to directors

	31.03.2026
	£
Amounts owed to director	617,730
Amounts owed to director	312,490
	930,220

The above loans are unsecured and have no fixed terms of repayment.