Registration number: 10255432

AgCap Limited

Contents

Company Information	1
Directors' Report	2
Balance Sheet	3 to 4
Notes to the Financial Statements	5 to 8

AgCap Limited

Company Information

Directors

Mr T H Pollock Miss A Z Pollock Miss L C Pollock

Registration number

10255432

Registered office

Unit 5 Priory Court Priory Estate Poulton Cirencester GL7 5JB

Accountants

mca Shepherd Smail Unit 5 Priory Court Priory Estate Poulton Cirencester GL7 5JB

AgCap Limited

Directors' Report for the Year Ended 31 July 2025

The directors present their report and the financial statements for the year ended 31 July 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr T H Pollock

Miss A Z Pollock

Miss L C Pollock

Principal activity

The principal activity of the company is the provision of consultancy services to facilitate investment in the global food and agribusiness sectors.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Business Review:
The Company had a satisfactory year successfully advising on a number of large international transactions in the baking and other food ingredients sectors. UK based transactions remain challenging given the ongoing uncertainty over the UK’s trading and regulatory relationship with the EU.

Dividends

A dividend of £180,000 (2024: £140,000) was paid during the year to the “A” and "B" shareholders.

Approved by the Board on 14 September 2025 and signed on its behalf by:

Mr T H Pollock
Director

AgCap Limited

(Registration number: 10255432)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	15,194	16,756
Investments	5	8,920	8,920
		24,114	25,676
Current assets
Debtors		26,075	25,748
Cash at bank and in hand		103,327	109,781
		129,402	135,529
Creditors: Amounts falling due within one year	6	(60,257)	(57,583)
Net current assets		69,145	77,946
Net assets		93,259	103,622
Capital and reserves
Called up share capital		100	100
Retained earnings		93,159	103,522
Shareholders' funds		93,259	103,622

AgCap Limited

(Registration number: 10255432)
Balance Sheet as at 31 July 2025

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 14 September 2025 and signed on its behalf by:
 

......................................... Mr T H Pollock Director

AgCap Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 5 Priory Court
Priory Estate
Poulton
Cirencester
GL7 5JB

The principal place of business is:
Brotherwick House
Warkworth
Morpeth
Northumberland
NE65 0YQ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

AgCap Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	1% Straight line per month

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

AgCap Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 1).

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 August 2024	24,969	24,969
Additions	1,832	1,832
At 31 July 2025	26,801	26,801
Depreciation
At 1 August 2024	8,213	8,213
Charge for the year	3,394	3,394
At 31 July 2025	11,607	11,607
Carrying amount
At 31 July 2025	15,194	15,194
At 31 July 2024	16,756	16,756

5	Investments held for resale

Paintings	£
Cost
At 1 August 2024	8,920
Provision
Carrying amount
At 31 July 2025	8,920
At 31 July 2024	8,920