REGISTERED NUMBER: 07095455 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

A & A Arable Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A J Wells

Mrs A M Wells

SECRETARY:

Mr A J Wells

REGISTERED OFFICE:

Hall Farm

Newton On Trent

LINCOLN

Lincolnshire

LN1 2LL

REGISTERED NUMBER:

07095455 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

FIXED ASSETS

Tangible assets

4

106,785

106,855

Investments

5

320,394

287,881

427,179

394,736

CURRENT ASSETS

Debtors

6

570,063

625,530

Cash at bank

1,164,131

1,031,225

1,734,194

1,656,755

CREDITORS

Amounts falling due within one year

162,684

177,029

NET CURRENT ASSETS

1,571,510

1,479,726

TOTAL ASSETS LESS CURRENT LIABILITIES

1,998,689

1,874,462

PROVISIONS FOR LIABILITIES

100

118

NET ASSETS

1,998,589

1,874,344

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

1,998,489

1,874,244

SHAREHOLDERS' FUNDS

1,998,589

1,874,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Mr A J Wells - Director

1.	STATUTORY INFORMATION

A & A Arable 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 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.

Land and buildings

-

Not provided as consists of land

Plant and machinery - 15% on reducing balance

Fixtures and fittings - 15% on reducing balance

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

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.

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.

Investment income

Investment income on funds held is included when interest and dividends are receivable and the amount can be measured reliably by the company this is normally upon notification of the income paid or payable.

Investment assets

Investments are stated at market value at the balance sheet date. The profit and loss account includes the net gains and losses arising on revaluations and disposals throughout the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

109,482

DEPRECIATION

At 1 January 2024

2,627

Charge for year

70

At 31 December 2024

2,697

NET BOOK VALUE

At 31 December 2024

106,785

At 31 December 2023

106,855

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 January 2024

287,881

Additions

49,973

Disposals

(41,880

)

Revaluations

24,420

At 31 December 2024

320,394

NET BOOK VALUE

At 31 December 2024

320,394

At 31 December 2023

287,881

Cost or valuation at 31 December 2024 is represented by:

Totals

£

Valuation in 2024

320,394

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Other debtors

445,000

525,000

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

100

Share capital 1

£1

100

100

8.	RELATED PARTY DISCLOSURES

Other debtors falling due after more than one year includes a £405,000 loan to H C Grimes & Sons Limited a company in which Mr A J and Mrs A M Wells are directors and Mrs A M Wells has a controlling interest. Interest charged on this unsecured loan during the period amounted to £1,050 (2023:£1,050).