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Company No: 03731970 (England and Wales)

STRANG LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

STRANG LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

STRANG LIMITED

BALANCE SHEET

As at 31 March 2025
STRANG LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 4 3,577,009 3,566,845
3,577,009 3,566,845
Current assets
Stocks 94,026 78,983
Debtors 5 36,491 9,850
Cash at bank and in hand 44,698 0
175,215 88,833
Creditors: amounts falling due within one year 6 ( 1,811,971) ( 1,422,412)
Net current liabilities (1,636,756) (1,333,579)
Total assets less current liabilities 1,940,253 2,233,266
Creditors: amounts falling due after more than one year 7 ( 168,837) ( 459,357)
Provision for liabilities ( 71,997) ( 43,461)
Net assets 1,699,419 1,730,448
Capital and reserves
Called-up share capital 1,000,000 1,000,000
Share premium account 550,113 550,113
Profit and loss account 149,306 180,335
Total shareholders' funds 1,699,419 1,730,448

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Strang Limited (registered number: 03731970) were approved and authorised for issue by the Board of Directors on 24 July 2025. They were signed on its behalf by:

Mrs G A Strang
Director
STRANG LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
STRANG LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

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

General information and basis of accounting

Strang Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Manor Farm, Sutton Mandeville, Salisbury, SP3 5NL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, 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 have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due 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.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are 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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Entitlements 4 years straight line
Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Land and buildings not depreciated
Plant and machinery 15 - 20 % reducing balance
Fixtures and fittings 10 years straight line
Leases

The Company as lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. For the purposes of valuing agricultural stocks, cost of production for cattle and crops in store have been measured at 60% and 75% respectively of market value at the balance sheet date.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Entitlements Total
£ £
Cost
At 01 April 2024 1,489 1,489
Disposals ( 1,489) ( 1,489)
At 31 March 2025 0 0
Accumulated amortisation
At 01 April 2024 1,489 1,489
Charge for the financial year ( 1,489) ( 1,489)
At 31 March 2025 0 0
Net book value
At 31 March 2025 0 0
At 31 March 2024 0 0

4. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 April 2024 3,371,679 913,885 7,391 4,292,955
Additions 0 88,224 5,739 93,963
Disposals 0 ( 15,150) 0 ( 15,150)
At 31 March 2025 3,371,679 986,959 13,130 4,371,768
Accumulated depreciation
At 01 April 2024 140,618 582,703 2,789 726,110
Charge for the financial year 0 75,069 2,070 77,139
Disposals 0 ( 8,490) 0 ( 8,490)
At 31 March 2025 140,618 649,282 4,859 794,759
Net book value
At 31 March 2025 3,231,061 337,677 8,271 3,577,009
At 31 March 2024 3,231,061 331,182 4,602 3,566,845

5. Debtors

2025 2024
£ £
Trade debtors 22,493 0
Other debtors 13,998 9,850
36,491 9,850

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans and overdrafts 11,792 29,252
Trade creditors 42,016 5,723
Other taxation and social security 519 557
Obligations under finance leases and hire purchase contracts 9,783 0
Other creditors 1,747,861 1,386,880
1,811,971 1,422,412

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

2025 2024
£ £
Bank loans 158,239 459,357
Obligations under finance leases and hire purchase contracts 10,598 0
168,837 459,357

The aggregate amount of loans and borrowings secured upon the company's assets at the balance sheet date is £168.837 (2024 - £459,357 ).