REGISTERED NUMBER: 11542272 (England and Wales)

PRC AGRICULTURAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P R C Holmes

REGISTERED OFFICE:

7 Station Road

Foggathorpe

Selby

North Yorkshire

YO8 6PU

REGISTERED NUMBER:

11542272 (England and Wales)

ACCOUNTANTS:

KTC

Chartered Certified Accountants

80 West View

Barlby Road

Selby

North Yorkshire

YO8 5BD

FIXED ASSETS

Tangible assets

4

172,990

159,734

CURRENT ASSETS

Stocks

147,777

127,400

Debtors

5

7,434

13,803

Cash at bank

33,234

22,945

188,445

164,148

CREDITORS

Amounts falling due within one year

6

72,491

79,792

NET CURRENT ASSETS

115,954

84,356

TOTAL ASSETS LESS CURRENT LIABILITIES

288,944

244,090

CREDITORS

Amounts falling due after more than one year

7

-

(7,907

)

PROVISIONS FOR LIABILITIES

(23,767

)

(19,806

)

NET ASSETS

265,177

216,377

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

265,077

216,277

265,177

216,377

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2025 and were signed by:

Mr P R C Holmes - Director

1.	STATUTORY INFORMATION

PRC Agricultural 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.

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.

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Taxation

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

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 September 2024

119,665

41,696

34,484

195,845

Additions

-

6,877

42,973

49,850

Disposals

-

-

(34,484

)

(34,484

)

At 31 August 2025

119,665

48,573

42,973

211,211

DEPRECIATION

At 1 September 2024

8,148

18,264

9,699

36,111

Charge for year

2,393

4,940

7,574

14,907

Eliminated on disposal

-

-

(12,797

)

(12,797

)

At 31 August 2025

10,541

23,204

4,476

38,221

NET BOOK VALUE

At 31 August 2025

109,124

25,369

38,497

172,990

At 31 August 2024

111,517

23,432

24,785

159,734

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

7,434

13,803

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,907

10,311

Trade creditors

1,444

2,652

Tax

17,896

3,238

Social security and other taxes

159

-

VAT

15,113

26,016

Directors' current accounts

28,322

36,013

Accrued expenses

1,650

1,562

72,491

79,792

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

7,907

8.	RELATED PARTY DISCLOSURES