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REGISTERED NUMBER: 00229290 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

The Pumpherston Estates Limited

The Pumpherston Estates Limited (Registered number: 00229290)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


The Pumpherston Estates Limited

Company Information
for the Year Ended 31 March 2023







Directors: Mrs S M McLagan
Mr J G McLagan
Mr R C Tyler
Mr P R Tyler
Mr I D Tyler





Registered office: Orchard End
Main Street
Marston
Grantham
Lincolnshire
NG32 2HH





Registered number: 00229290 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Pumpherston Estates Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Pumpherston Estates Limited for the year ended 31 March 2023 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Pumpherston Estates Limited, as a body, in accordance with the terms of our engagement letter dated 19 August 2013. Our work has been undertaken solely to prepare for your approval the financial statements of The Pumpherston Estates Limited and state those matters that we have agreed to state to the Board of Directors of The Pumpherston Estates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Pumpherston Estates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Pumpherston Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Pumpherston Estates Limited. You consider that The Pumpherston Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Pumpherston Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


14 November 2023

The Pumpherston Estates Limited (Registered number: 00229290)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 9,403,124 9,429,898

Current assets
Stocks 74,895 90,957
Debtors 6 90,286 105,869
Cash at bank 854,366 166,288
1,019,547 363,114
Creditors
Amounts falling due within one year 7 337,814 573,664
Net current assets/(liabilities) 681,733 (210,550 )
Total assets less current liabilities 10,084,857 9,219,348

Creditors
Amounts falling due after more than one
year

8

(30,016

)

(38,750

)

Provisions for liabilities (2,110,593 ) (1,588,945 )
Net assets 7,944,248 7,591,653

Capital and reserves
Called up share capital 9 10,000 10,000
Revaluation reserve 10 2,711,254 2,750,751
Retained earnings 5,222,994 4,830,902
Shareholders' funds 7,944,248 7,591,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Pumpherston Estates Limited (Registered number: 00229290)

Statement of Financial Position - continued
31 March 2023


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 14 November 2023 and were signed on its behalf by:





Mr I D Tyler - Director


The Pumpherston Estates Limited (Registered number: 00229290)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. Statutory information

The Pumpherston Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Farm support income
Monies received and receivable from the Rural Payments Agency in respect of the Basic Payment Scheme are recognised as other operating income in the period to which they relate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

The Pumpherston Estates Limited (Registered number: 00229290)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. Accounting policies - continued

Depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 10 - 11 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The Pumpherston Estates Limited (Registered number: 00229290)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. Employees and directors

The average number of employees during the year was 5 (2022 - 5 ) .

5. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Cost
At 1 April 2022 9,422,522 13,268 6,481
Additions - 308 -
Disposals (39,955 ) - -
At 31 March 2023 9,382,567 13,576 6,481
Depreciation
At 1 April 2022 5,987 4,588 1,798
Charge for year 3,238 1,348 703
At 31 March 2023 9,225 5,936 2,501
Net book value
At 31 March 2023 9,373,342 7,640 3,980
At 31 March 2022 9,416,535 8,680 4,683

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2022 - - 9,442,271
Additions 21,013 247 21,568
Disposals - - (39,955 )
At 31 March 2023 21,013 247 9,423,884
Depreciation
At 1 April 2022 - - 12,373
Charge for year 3,051 47 8,387
At 31 March 2023 3,051 47 20,760
Net book value
At 31 March 2023 17,962 200 9,403,124
At 31 March 2022 - - 9,429,898

The Pumpherston Estates Limited (Registered number: 00229290)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 77,661 94,843
VAT 7,796 4,526
Prepayments and accrued income 4,829 6,500
90,286 105,869

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,000 11,250
Trade creditors 87 16,648
Tax 178,479 32,365
Social security and other taxes - 3,272
Other creditors 6,000 377,927
Deposit held 714 714
Accruals and deferred income 142,534 131,488
337,814 573,664

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans over 1 year 30,016 38,750

The bank loan is Coronavirus Bounce Back Loan and is payable over 6 years. Repayments and interest are payable after 12 months of loan drawn down.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary shares £1 10,000 10,000

10. Reserves
Revaluation
reserve
£   
At 1 April 2022 2,750,751
Reclassification from
revaluation reserve to
profit and loss account (39,497 )

At 31 March 2023 2,711,254