| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2024 |
| for |
| Preserva (Midlands) Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2024 |
| for |
| Preserva (Midlands) Limited |
| Preserva (Midlands) Limited (Registered number: 01299374) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Preserva (Midlands) Limited |
| Company Information |
| for the Year Ended 30 November 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| The Mills |
| Canal Street |
| Derby |
| DE1 2RJ |
| Preserva (Midlands) Limited (Registered number: 01299374) |
| Balance Sheet |
| 30 November 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| Preserva (Midlands) Limited (Registered number: 01299374) |
| Balance Sheet - continued |
| 30 November 2024 |
| The financial statements were approved by the director and authorised for issue on |
| Preserva (Midlands) Limited (Registered number: 01299374) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2024 |
| 1. | STATUTORY INFORMATION |
| Preserva (Midlands) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Preserva (Midlands) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Turnover |
| Rental income receivable is recognised when rentals are due in accordance with the lease terms. |
| Turnover from sales of pedigree simmentals is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received. |
| Trading turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment. |
| Tangible fixed assets |
| Freehold Land | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Investments in subsidiaries |
| Fixed asset investments are stated at cost less any permanent diminution in value. |
| Investment property |
| Investment property is not depreciated but is revalued annually at its fair value, in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account and transferred to a fair value reserve. |
| Stocks |
| The pedigree herd is valued at cost or the cost of production at the time of transfer to the herd. Other livestock are valued at the lower of cost of production and fair value. |
| Leasing commitments |
| Rentals receivable under operating leases are charged to the profit and loss account as incurred. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Preserva (Midlands) Limited (Registered number: 01299374) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Motor |
| Land | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 December 2023 |
| Additions |
| At 30 November 2024 |
| DEPRECIATION |
| At 1 December 2023 |
| Charge for year |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 December 2023 |
| and 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 December 2023 |
| and 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| Fair value at 30 November 2024 is represented by: |
| £ |
| Valuation in 2024 | 1,618,675 |
| Preserva (Midlands) Limited (Registered number: 01299374) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2024 |
| 6. | INVESTMENT PROPERTY - continued |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2024 | 2023 |
| £ | £ |
| Cost | 1,618,675 | 1,618,675 |
| Aggregate depreciation | (443,018 | ) | (410,645 | ) |
| Investment property was valued on a fair value basis on 30 November 2024 by the director . |
| 7. | DEBTORS |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts owed by related parties | 525,152 | 525,128 |
| Other debtors |
| Tax |
| Prepayments and accrued income |
| Amounts falling due after more than one year: |
| Other debtors |
| Tax |
| Aggregate amounts |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to subsidiary undertaking |
| Amounts owed to related parties | 65,433 | 65,433 |
| Tax |
| Social security and other taxes |
| Other creditors |
| Director's current account | 311 | 249 |
| Accruals and deferred income |