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REGISTERED NUMBER: 03956733 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Sugnall Farms Ltd

Sugnall Farms Ltd (Registered number: 03956733)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Sugnall Farms Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: G J Michie
Miss B Turner





SECRETARY: Miss B Turner





REGISTERED OFFICE: Long Meadow Farm
Longslow
Market Drayton
Shropshire
TF9 3QY





REGISTERED NUMBER: 03956733 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Sugnall Farms Ltd (Registered number: 03956733)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 739,038 766,758

CURRENT ASSETS
Stocks 100,896 148,200
Debtors 5 38,352 29,570
Cash in hand 205 167
139,453 177,937
CREDITORS
Amounts falling due within one year 6 (125,309 ) (196,442 )
NET CURRENT ASSETS/(LIABILITIES) 14,144 (18,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

753,182

748,253

CREDITORS
Amounts falling due after more than one
year

7

(424,577

)

(430,960

)

PROVISIONS FOR LIABILITIES (36,008 ) (29,879 )
NET ASSETS 292,597 287,414

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 292,595 287,412
SHAREHOLDERS' FUNDS 292,597 287,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Sugnall Farms Ltd (Registered number: 03956733)

Balance Sheet - continued
31 March 2025


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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:





G J Michie - Director


Sugnall Farms Ltd (Registered number: 03956733)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Sugnall Farms Ltd 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Sugnall Farms Ltd (Registered number: 03956733)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 543,128 544,867 74,398 2,862 1,165,255
Additions - 9,710 - - 9,710
Disposals - (5,000 ) (31,955 ) - (36,955 )
At 31 March 2025 543,128 549,577 42,443 2,862 1,138,010
DEPRECIATION
At 1 April 2024 - 340,107 56,198 2,192 398,497
Charge for year - 21,380 1,090 480 22,950
Eliminated on disposal - (4,360 ) (18,115 ) - (22,475 )
At 31 March 2025 - 357,127 39,173 2,672 398,972
NET BOOK VALUE
At 31 March 2025 543,128 192,450 3,270 190 739,038
At 31 March 2024 543,128 204,760 18,200 670 766,758

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2024 90,050 31,955 122,005
Disposals - (31,955 ) (31,955 )
At 31 March 2025 90,050 - 90,050
DEPRECIATION
At 1 April 2024 25,450 18,115 43,565
Charge for year 6,470 - 6,470
Eliminated on disposal - (18,115 ) (18,115 )
At 31 March 2025 31,920 - 31,920
NET BOOK VALUE
At 31 March 2025 58,130 - 58,130
At 31 March 2024 64,600 13,840 78,440

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 37,306 27,162
Other debtors 1,046 2,408
38,352 29,570

Sugnall Farms Ltd (Registered number: 03956733)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 2,364 26,120
AMC Loan 13,140 13,374
AMC loan 8,759 8,100
Hire purchase contracts 19,763 20,420
Trade creditors 7,957 12,493
Directors' loan accounts 71,326 113,985
Accrued expenses 2,000 1,950
125,309 196,442

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
AMC loan 78,386 84,125
AMC loan 53,431 57,576
Hire purchase contracts 12,760 9,259
Directors loan 280,000 280,000
424,577 430,960

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2 Ordinary £1 2 2

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Sugnall Farms Ltd

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 Balance Sheet. 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 Sugnall Farms Ltd for the year ended 31 March 2025 which comprise the Profit and loss, Balance Sheet, 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 Sugnall Farms Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sugnall Farms Ltd and state those matters that we have agreed to state to the Board of Directors of Sugnall Farms Ltd, 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 Sugnall Farms Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sugnall Farms Ltd 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 Sugnall Farms Ltd. You consider that Sugnall Farms Ltd 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 Sugnall Farms Ltd. 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.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


19 August 2025