REGISTERED NUMBER: 07685532 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AGRO BUSINESS CONSORTIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N F Wastling

REGISTERED OFFICE:

The Gables

2 Morris Close

Buckden

St Neots

Cambridgeshire

PE19 5YW

REGISTERED NUMBER:

07685532 (England and Wales)

ACCOUNTANTS:

TC CH Limited

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

FIXED ASSETS

Tangible assets

4

1,071

4,107

Investment property

5

100,000

123,000

101,071

127,107

CURRENT ASSETS

Debtors

6

271,361

310,448

Cash at bank and in hand

7,852

1,004

279,213

311,452

CREDITORS

Amounts falling due within one year

7

81,566

83,148

NET CURRENT ASSETS

197,647

228,304

TOTAL ASSETS LESS CURRENT LIABILITIES

298,718

355,411

CREDITORS

Amounts falling due after more than one year

8

(77,818

)

(88,653

)

PROVISIONS FOR LIABILITIES

-

(9,618

)

NET ASSETS

220,900

257,140

CAPITAL AND RESERVES

Called up share capital

104

104

Revaluation reserve

5,625

30,500

Retained earnings

215,171

226,536

SHAREHOLDERS' FUNDS

220,900

257,140

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 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 29 September 2025 and were signed by:

N F Wastling - Director

1.	STATUTORY INFORMATION

Agro Business Consortia 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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are 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 amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors

Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

39,389

Additions

365

Disposals

(8,759

)

At 31 December 2024

30,995

DEPRECIATION

At 1 January 2024

35,282

Charge for year

2,808

Eliminated on disposal

(8,166

)

At 31 December 2024

29,924

NET BOOK VALUE

At 31 December 2024

1,071

At 31 December 2023

4,107

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

123,000

Revaluations

(23,000

)

At 31 December 2024

100,000

NET BOOK VALUE

At 31 December 2024

100,000

At 31 December 2023

123,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

47,500

Valuation in 2022

(3,000

)

Valuation in 2023

(14,000

)

Valuation in 2024

(23,000

)

Cost

92,500

100,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

92,500

92,500

The investment property was valued on an open market basis on 31 December 2024 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

21,488

22,699

Amounts owed by group undertakings

243,396

282,445

Other debtors

6,477

5,304

271,361

310,448

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

7,803

7,803

Trade creditors

11,159

870

Amounts owed to group undertakings

7,090

-

Taxation and social security

(6,353

)

17,650

Other creditors

61,867

56,825

81,566

83,148

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

27,818

38,653

Other creditors

50,000

50,000

77,818

88,653

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

35,621

46,456

In 2015, Agro Business Consortia Limited took out a loan with HSBC Bank PLC for £67,500 with a term of 15 years. The loan was to assist with the purchase of a residential property, which is shown on the Fixed Asset register. The loan is secured wholly by Agro Business Consortia Limited.

A legal charge dated 2015 is held by Santander UK PLC over all the company's present and future freehold and leasehold property, together with all buildings, structures, fixtures and fittings, patents, patent applications, trade marks and service marks, design rights, copyrights and all other intellectual property rights. The legal charge contains a fixed and floating charge.

A legal charge dated 2016 is held by Ultimate Invoice Finance Limited over all the company's present and future freehold and leasehold land, all present and future intellectual property and all present and future aircraft. The legal charge contains a fixed and floating charge.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, total dividends of £17,000 (2023 - £4,140) were paid to the director .

Included in creditors is an amount owed to the director, Mr N Wastling, of £37 (2023: £50). This loan is interest free and repayable on demand.

11.	CONTROLLING PARTY

The company is controlled by Mr N Wastling by virtue of his shareholding.