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REGISTERED NUMBER: 09600103 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

AGRIBIOTECH INTERNATIONAL LIMITED

AGRIBIOTECH INTERNATIONAL LIMITED (Registered number: 09600103)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGRIBIOTECH INTERNATIONAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 MAY 2024







DIRECTORS: Mr G Calcagni
Mr R Calcagni





REGISTERED OFFICE: Enterprise House
2 The Crest
London
NW4 2HN





REGISTERED NUMBER: 09600103 (England and Wales)





ACCOUNTANT: DICKER ECONOMOU & CO
Chartered Certified Accountants
Enterprise House
2 The Crest
Hendon
London
NW4 2HN

AGRIBIOTECH INTERNATIONAL LIMITED (Registered number: 09600103)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 208,243 239,057
Tangible assets 5 108,307 124,044
Investments 6 1,985,937 1,024,277
Biological assets 7 327,272 327,272
2,629,759 1,714,650

CURRENT ASSETS
Stocks 8 175,000 333,000
Debtors 9 2,360,440 2,478,649
Cash at bank and in hand 22,112 450,510
2,557,552 3,262,159
CREDITORS
Amounts falling due within one year 10 1,604,956 1,268,798
NET CURRENT ASSETS 952,596 1,993,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,582,355

3,708,011

CREDITORS
Amounts falling due after more than one
year

11

1,425,038

1,424,773
NET ASSETS 2,157,317 2,283,238

CAPITAL AND RESERVES
Called up share capital 12 2,500,000 2,500,000
Retained earnings (342,683 ) (216,762 )
SHAREHOLDERS' FUNDS 2,157,317 2,283,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

AGRIBIOTECH INTERNATIONAL LIMITED (Registered number: 09600103)

BALANCE SHEET - continued
31 MAY 2024


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 18 June 2024 and were signed on its behalf by:





Mr G Calcagni - Director


AGRIBIOTECH INTERNATIONAL LIMITED (Registered number: 09600103)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024

1. STATUTORY INFORMATION

AGRIBIOTECH INTERNATIONAL 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.

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.

Know how and licences
Know how and licences is amortised over the estimated life of the asset of eight years.

Development costs
Development costs is amortised over the estimated life of the asset of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings and structures - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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.

AGRIBIOTECH INTERNATIONAL LIMITED (Registered number: 09600103)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Development
Know how costs Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 73,145 314,676 387,821
AMORTISATION
At 1 June 2023 70,096 78,668 148,764
Amortisation for year 3,049 27,765 30,814
At 31 May 2024 73,145 106,433 179,578
NET BOOK VALUE
At 31 May 2024 - 208,243 208,243
At 31 May 2023 3,049 236,008 239,057

5. TANGIBLE FIXED ASSETS
Buildings
and Motor
structures vehicles Totals
£    £    £   
COST
At 1 June 2023 265,289 3,690 268,979
Disposals - (3,690 ) (3,690 )
At 31 May 2024 265,289 - 265,289
DEPRECIATION
At 1 June 2023 141,717 3,218 144,935
Charge for year 15,265 - 15,265
Eliminated on disposal - (3,218 ) (3,218 )
At 31 May 2024 156,982 - 156,982
NET BOOK VALUE
At 31 May 2024 108,307 - 108,307
At 31 May 2023 123,572 472 124,044

AGRIBIOTECH INTERNATIONAL LIMITED (Registered number: 09600103)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024

6. FIXED ASSET INVESTMENTS
Shares in Interest Interest
group in joint in
undertakings venture associate Totals
£    £    £    £   
COST
At 1 June 2023 587,440 290,454 146,383 1,024,277
Additions 1,108,042 - - 1,108,042
Disposals - - (146,382 ) (146,382 )
At 31 May 2024 1,695,482 290,454 1 1,985,937
NET BOOK VALUE
At 31 May 2024 1,695,482 290,454 1 1,985,937
At 31 May 2023 587,440 290,454 146,383 1,024,277

7. BIOLOGICAL ASSETS
Orchards
£   
COST
At 1 June 2023
and 31 May 2024 327,272
NET BOOK VALUE
At 31 May 2024 327,272
At 31 May 2023 327,272

Orchards
This relates to a nut orchard planted on 61 hectares of land situated in the Republic of Kazakhstan.

8. STOCKS
31.5.24 31.5.23
£    £   
Stocks 175,000 333,000

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 259,519 53,771
Amounts owed by group undertakings 2,100,877 2,357,182
Other debtors 44 3,241
Prepayments and accrued income - 64,455
2,360,440 2,478,649

AGRIBIOTECH INTERNATIONAL LIMITED (Registered number: 09600103)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 223,477 224,700
Corporation tax - 80
Directors' current accounts 1,378,529 1,041,268
Accruals and deferred income 2,950 2,750
1,604,956 1,268,798

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other loans - 1-2 years 1,425,038 1,424,773

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
20,000,000 Ordinary 10p 2,000,000 2,000,000
3,500,000 Ordinary A 10p 350,000 350,000
1,500,000 Ordinary B 10p 150,000 150,000
2,500,000 2,500,000

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G Calcagni.