REGISTERED NUMBER: 02120004 (England and Wales)

POPLAR FARM (PLUNGAR) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

D B Kirk

SECRETARY:

Mrs J E Kirk

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

REGISTERED NUMBER:

02120004 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

BANKERS:

Barclays Bank plc

Wilton Road

Melton Mowbray

Leicestershire

LE13 0UD

FIXED ASSETS

Investment property

4

1,000,000

1,000,000

CURRENT ASSETS

Debtors

5

639

197

Cash at bank

45,786

46,788

46,425

46,985

CREDITORS

Amounts falling due within one year

6

1,439

1,378

NET CURRENT ASSETS

44,986

45,607

TOTAL ASSETS LESS CURRENT LIABILITIES

1,044,986

1,045,607

PROVISIONS FOR LIABILITIES

195,066

195,066

NET ASSETS

849,920

850,541

CAPITAL AND RESERVES

Called up share capital

7

16,050

16,050

Share premium

85,575

85,575

Fair value reserve

8

738,309

738,309

Retained earnings

9,986

10,607

SHAREHOLDERS' FUNDS

849,920

850,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2025 and were signed by:

D B Kirk - Director

1.	STATUTORY INFORMATION

Poplar Farm (Plungar) 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of all income derived from the company's investment property, which is accounted for on a receivable basis.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

1,000,000

NET BOOK VALUE

At 5 April 2025

1,000,000

At 5 April 2024

1,000,000

Fair value at 5 April 2025 is represented by:

£

Valuation in 2024

918,375

Cost

81,625

1,000,000

The investment property was valued by the directors as at 5 April 2025 based on an open market valuation, along with consideration of the fair values of recent, comparable property sales in the local area.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

197

197

Prepayments and accrued income

442

-

639

197

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

10

Director's loan account

124

124

Accrued expenses

1,315

1,244

1,439

1,378

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

16,050

Ordinary shares

£1

16,050

16,050

8.

RESERVES

Fair

value

reserve

£

At 6 April 2024

and 5 April 2025

738,309

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable fair value reserve in order to assist with the identification of profits available for distribution.