OYKEL FARMS LIMITED

OYKEL FARMS LIMITED

OYKEL FARMS LIMITED - Company Information

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OYKEL FARMS LIMITED

Company Registration Number:
SC043791 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

OYKEL FARMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

OYKEL FARMS LIMITED

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 3,317,130 1,268,229
Investments: 4 2,688,616 2,589,249
Total fixed assets: 6,005,746 3,857,478
Current assets
Stocks: 84,692 136,640
Debtors: 5 862,969 1,175,051
Cash at bank and in hand: 206,713 128,893
Investments: 6 37 12
Total current assets: 1,154,411 1,440,596
Creditors: amounts falling due within one year: 7 (834,398) (1,010,229)
Net current assets (liabilities): 320,013 430,367
Total assets less current liabilities: 6,325,759 4,287,845
Creditors: amounts falling due after more than one year: 8 (240,211) (331,594)
Provision for liabilities: (426,808) (410,061)
Total net assets (liabilities): 5,658,740 3,546,190
Capital and reserves
Called up share capital: 51 51
Revaluation reserve:91,662,6561,583,681
Profit and loss account: 3,996,033 1,962,458
Shareholders funds: 5,658,740 3,546,190

The notes form part of these financial statements

OYKEL FARMS LIMITED

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 December 2021
and signed on behalf of the board by:

Name: Edward Brun
Status: Director

The notes form part of these financial statements

OYKEL FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OYKEL FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 5 5

OYKEL FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible Assets

Total
Cost £
At 01 April 2020 1,982,254
Additions 2,375,148
Disposals (394,881)
At 31 March 2021 3,962,521
Depreciation
At 01 April 2020 714,025
Charge for year 61,807
On disposals (130,441)
At 31 March 2021 645,391
Net book value
At 31 March 2021 3,317,130
At 31 March 2020 1,268,229

OYKEL FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Fixed investments

The net book value of land and buildings may be further analysed as follows:Freehold - 2021 (3,031,346)

OYKEL FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

OYKEL FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

6. Current investments

Listed investments - 2021 (£37)

OYKEL FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

7. Creditors: amounts falling due within one year note

Bank Loans - £10,083Other Loans - £76,932Trade creditors - £368,316Other taxation and social security - £9,392Other creditors - £318,695Accruals and deferred income - £50,980

OYKEL FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

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

Bank loans - £227,336Other loans - £12,875

OYKEL FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

9. Revaluation reserve

2021
£
Balance at 01 April 2020 1,583,681
Surplus or deficit after revaluation 78,975
Balance at 31 March 2021 1,662,656

OYKEL FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

10. Loans to directors

The directors have loan accounts with the company. Interest is chargeable on these loans at the discretion of the directors. The amount owed to the company by the directors at the year end was £nil (2020: £500).The amount owed to the directors by the company at the year end was £123,329 (2020: £4,736).