REGISTERED NUMBER: 02094373 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Grants Pro-Agri Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

4,344,846

4,003,375

Investment property

5

1,126,384

1,126,384

5,471,230

5,129,759

CURRENT ASSETS

Stocks

261,000

283,000

Debtors

6

593,135

306,037

Cash at bank

19,758

115,466

873,893

704,503

CREDITORS

Amounts falling due within one year

7

864,520

618,497

NET CURRENT ASSETS

9,373

86,006

TOTAL ASSETS LESS CURRENT LIABILITIES

5,480,603

5,215,765

CREDITORS

Amounts falling due after more than one year

8

(34,000

)

-

PROVISIONS FOR LIABILITIES

(554,850

)

(540,578

)

NET ASSETS

4,891,753

4,675,187

CAPITAL AND RESERVES

Called up share capital

11

200

200

Revaluation reserve

12

2,035,733

2,085,050

Retained earnings

2,855,820

2,589,937

SHAREHOLDERS' FUNDS

4,891,753

4,675,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2025 and were signed by:

Ms J M Grant - Director

1.	STATUTORY INFORMATION

Grants Pro-Agri Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02094373

Registered office:

Longbridge House Farm

Stillington Road

Easingwold

North Yorkshire

YO61 3ET

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any charge recognised in the profit and loss account.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors, and other creditors.

Trade debtors, other debtors, cash and bank balances, trade creditors, and other creditors (being repayable on demand) are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

3,200,902

1,158,681

4,359,583

Additions

154,475

536,477

690,952

Disposals

-

(297,487

)

(297,487

)

At 30 April 2025

3,355,377

1,397,671

4,753,048

DEPRECIATION

At 1 May 2024

-

356,208

356,208

Charge for year

-

176,322

176,322

Eliminated on disposal

-

(124,328

)

(124,328

)

At 30 April 2025

-

408,202

408,202

NET BOOK VALUE

At 30 April 2025

3,355,377

989,469

4,344,846

At 30 April 2024

3,200,902

802,473

4,003,375

The net book value of tangible fixed assets includes £ 114,000 in respect of assets held under hire purchase contracts.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

1,126,384

NET BOOK VALUE

At 30 April 2025

1,126,384

At 30 April 2024

1,126,384

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

569,368

172,390

Other debtors

23,767

133,647

593,135

306,037

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

47,940

-

Hire purchase contracts (see note 9)

47,600

-

Trade creditors

423,146

37,200

Taxation and social security

65,152

102,754

Other creditors

280,682

478,543

864,520

618,497

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

34,000

-

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

47,600

-

Between one and five years

34,000

-

81,600

-

Non-cancellable

operating leases

2025

2024

£

£

Within one year

4,608

-

Between one and five years

5,759

-

10,367

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

81,600

-

Hire purchase contracts are secured upon the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

Ordinary A shares

1

200

200

12.

RESERVES

Revaluation

reserve

£

At 1 May 2024

2,085,050

Deferred tax movement on properties held at deemed cost and investment properties

(49,317

)

At 30 April 2025

2,035,733

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

Ms J M Grant

Balance outstanding at start of year

15,569

66,224

Amounts advanced

-

135,278

Amounts repaid

(15,569

)

(185,933

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

15,569