Company Registration No. SC205148 (Scotland)
Hyndshillend Farm Ltd
Unaudited accounts
for the year ended 31 March 2022
Hyndshillend Farm Ltd
Unaudited accounts
Contents
Hyndshillend Farm Ltd
Company Information
for the year ended 31 March 2022
Directors
M E Still
Mrs D A Still
Company Number
SC205148 (Scotland)
Registered Office
Hyndshawland Farm
Elsrickle
Biggar
South Lanarkshire
ML12 6RD
Accountants
Rosebery Accountants & Business Advisors
23 Melville Street
Edinburgh
EH3 7PE
Hyndshillend Farm Ltd
Statement of financial position
as at
31 March 2022
Tangible assets
32,561
26,774
Inventories
64,170
64,170
Cash at bank and in hand
140,494
148,106
Creditors: amounts falling due within one year
(90,908)
(60,302)
Net current assets
259,196
172,294
Net assets
291,757
199,068
Called up share capital
2
2
Profit and loss account
291,755
199,066
Shareholders' funds
291,757
199,068
For the year ending 31 March 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2022 and were signed on its behalf by
M E Still
Director
Company Registration No. SC205148
Hyndshillend Farm Ltd
Notes to the Accounts
for the year ended 31 March 2022
Hyndshillend Farm Ltd is a private company, limited by shares, registered in Scotland, registration number SC205148. The registered office is Hyndshawland Farm, Elsrickle, Biggar, South Lanarkshire, ML12 6RD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Buildings - 4% straight line; Land - nil.
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
41,605
148,986
42,426
233,017
Additions
-
17,237
-
17,237
At 31 March 2022
41,605
166,223
42,426
250,254
At 1 April 2021
37,305
126,512
42,426
206,243
Charge for the year
1,750
9,700
-
11,450
At 31 March 2022
39,055
136,212
42,426
217,693
At 31 March 2022
2,550
30,011
-
32,561
At 31 March 2021
4,300
22,474
-
26,774
Hyndshillend Farm Ltd
Notes to the Accounts
for the year ended 31 March 2022
Amounts falling due within one year
Trade debtors
139,110
12,540
Accrued income and prepayments
6,600
7,750
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
(1,064)
1,159
Taxes and social security
101,191
57,787
Loans from directors
(10,538)
37
7
Transactions with related parties
During the year the company paid rent of £7,500 (2021 - £7,500) to Mr M E Still. In addition, the company charged rent of £26,626 (2021 - £30,121) to Hyndshawland Farm Stables Ltd, a business jointly owned by Mr and Mrs Still.
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).