REGISTERED NUMBER: 15397425 (England and Wales)

P&N ANDERSON & SON LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

8 JANUARY 2024 TO 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

D Anderson

P Anderson

REGISTERED OFFICE:

Hedgehog Bridge Farm

Ferry Lane

Brothertoft

Boston

Lincolnshire

PE20 3SR

REGISTERED NUMBER:

15397425 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

FIXED ASSETS

Tangible assets

4

569,407

CURRENT ASSETS

Valuation

134,121

Debtors

5

122,044

Cash in hand

121

256,286

CREDITORS

Amounts falling due within one year

6

244,264

NET CURRENT ASSETS

12,022

TOTAL ASSETS LESS CURRENT LIABILITIES

581,429

CREDITORS

Amounts falling due after more than one year

7

(165,892

)

PROVISIONS FOR LIABILITIES

(69,924

)

NET ASSETS

345,613

CAPITAL AND RESERVES

Called up share capital

9

100

Share premium

10

344,151

Retained earnings

10

1,362

SHAREHOLDERS' FUNDS

345,613

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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.

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 7 October 2025 and were signed on its behalf by:

P Anderson - Director

D Anderson - Director

1.	STATUTORY INFORMATION

P&N Anderson & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover is recognised when the crops have been delivered and, for other income, in the period to which it relates.

Income from the Rural Payments Agency is recognised in the period to which it relates and in accordance with current HM Revenue & Customs guidelines.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

4% on cost and not provided

Plant and machinery etc

-

15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stock of materials and work in progress are valued at the lower of cost and estimated selling price less cost to sell. Crops in stock are valued at deemed cost by a professional valuer.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorted.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement 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 the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

39,666

650,937

690,603

Disposals

-

(53,000

)

(53,000

)

At 31 March 2025

39,666

597,937

637,603

DEPRECIATION

Charge for period

1,539

66,657

68,196

At 31 March 2025

1,539

66,657

68,196

NET BOOK VALUE

At 31 March 2025

38,127

531,280

569,407

Included in cost of land and buildings is freehold land of £ 1,199 which is not depreciated.

The net book value of tangible fixed assets includes £ 162,003 in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

70,246

Other debtors

51,798

122,044

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

32,458

Hire purchase contracts

70,556

Trade creditors

121,837

Other creditors

19,413

244,264

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

165,892

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Hire purchase contracts

236,448

Hire purchase contracts are secured on the assets to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

Profit for the period

56,962

-

56,962

Dividends

(55,600

)

-

(55,600

)

Cash share issue

-

344,151

344,151

At 31 March 2025

1,362

344,151

345,513

The share premium account relates to the excess value paid for the ordinary share capital upon incorporation of the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, a director was advanced £73,876, repaid £64,805 and £9,071 was outstanding at the year end.

Loans to directors are unsecured, interest free and repayable on demand.