| REGISTERED NUMBER: |
| AGRIBIOTECH INTERNATIONAL LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| REGISTERED NUMBER: |
| AGRIBIOTECH INTERNATIONAL LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| AGRIBIOTECH INTERNATIONAL LIMITED (REGISTERED NUMBER: 09600103) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| AGRIBIOTECH INTERNATIONAL LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Sterling House |
| Fulbourne Road |
| Walthamstow |
| London |
| E17 4EE |
| AGRIBIOTECH INTERNATIONAL LIMITED (REGISTERED NUMBER: 09600103) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 31.12.24 | 31.5.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings | 12 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| AGRIBIOTECH INTERNATIONAL LIMITED (REGISTERED NUMBER: 09600103) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| AGRIBIOTECH INTERNATIONAL LIMITED (REGISTERED NUMBER: 09600103) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Agribiotech International Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Know how and licences |
| Know how and licences is amortised over the estimated life of the asset of eight years. |
| Development costs |
| Development costs is amortised over the estimated life of the asset of ten years. |
| Tangible fixed assets |
| Buildings and structures | - |
| Investments in subsidiaries and associates |
| Investments in subsidiary and associate undertakings are recognised at cost. |
| 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 period 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 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 period 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. |
| AGRIBIOTECH INTERNATIONAL LIMITED (REGISTERED NUMBER: 09600103) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Development |
| Know how | costs | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2024 |
| and 31 December 2024 |
| AMORTISATION |
| At 1 June 2024 |
| Amortisation for period |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 May 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Buildings |
| and |
| structures |
| £ |
| COST |
| At 1 June 2024 |
| and 31 December 2024 |
| DEPRECIATION |
| At 1 June 2024 |
| Charge for period |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 May 2024 |
| AGRIBIOTECH INTERNATIONAL LIMITED (REGISTERED NUMBER: 09600103) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| 6. | FIXED ASSET INVESTMENTS |
| 31.12.24 | 31.5.24 |
| £ | £ |
| Shares in group undertakings |
| Participating interests |
| Other investments not loans |
| Additional information is as follows: |
| Shares in | Interest | Interest |
| group | in joint | in |
| undertakings | venture | associate | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 June 2024 | 1 | 1,985,937 |
| Additions | 323,367 |
| Disposals | ( |
) | (1 | ) |
| At 31 December 2024 | 2,309,303 |
| NET BOOK VALUE |
| At 31 December 2024 | 2,309,303 |
| At 31 May 2024 | 1,985,937 |
| Investments (neither listed nor unlisted) were as follows: |
| 31.12.24 | 31.5.24 |
| £ | £ |
| Orchards Cost/valuation | 327,272 | 327,272 |
| Orchards Addition | 147,845 | - |
| 475,117 | 327,272 |
| 7. | STOCKS |
| 31.12.24 | 31.5.24 |
| £ | £ |
| Stocks |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.5.24 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Prepayments and accrued income |
| AGRIBIOTECH INTERNATIONAL LIMITED (REGISTERED NUMBER: 09600103) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.5.24 |
| £ | £ |
| Trade creditors |
| Directors' current accounts | 358,004 | 1,378,529 |
| Accruals and deferred income |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.24 | 31.5.24 |
| £ | £ |
| Other loans - 1-2 years |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.24 | 31.5.24 |
| value: | £ | £ |
| Ordinary | 10p | 4,700,000 | 2,000,000 |
| Ordinary A | 10p | 350,000 | 350,000 |
| Ordinary B | 10p | 150,000 | 150,000 |
| 5,200,000 | 2,500,000 |
| The following shares were issued during the period for cash at par : |
| 27,000,000 Ordinary shares of 10p |
| 12. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 June 2024 | ( |
) |
| Deficit for the period | ( |
) |
| At 31 December 2024 | ( |
) |