Company registration number 00490040 (England and Wales)
A.L.MARTIN & SON, LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
A.L.MARTIN & SON, LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
A.L.MARTIN & SON, LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,073,664
1,116,435
Investment property
5
3,374,741
3,504,741
4,448,405
4,621,176
Current assets
Stocks
38,847
32,499
Debtors
4
79,611
80,436
Cash at bank and in hand
292,064
132,531
410,522
245,466
Creditors: amounts falling due within one year
6
(166,434)
(118,525)
Net current assets
244,088
126,941
Total assets less current liabilities
4,692,493
4,748,117
Creditors: amounts falling due after more than one year
7
(814,315)
(862,958)
Provisions for liabilities
(112,090)
(127,622)
Net assets
3,766,088
3,757,537
Capital and reserves
Called up share capital
1,750
1,750
Non-distributable profits reserve
10
1,084,513
1,114,081
Distributable profit and loss reserves
2,679,825
2,641,706
Total equity
3,766,088
3,757,537
A.L.MARTIN & SON, LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 October 2025
Mr P Martin
Director
Company registration number 00490040 (England and Wales)
A.L.MARTIN & SON, LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

A.L.Martin & Son, Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The company recognises revenue from the following major sources:

- Butchers and coffe shop sales

- Investment property income

- Giftshop sales

- Furnished holiday letting income

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
2% per annum on cost
Plant and machinery
20% per annum on written down value
Motor vehicles
20% per annum on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

1.5
Stocks

Stock is valued at the lower of cost, including direct labour and attributable overheads, and net realisable value.

A.L.MARTIN & SON, LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Equity instruments

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
24
26
A.L.MARTIN & SON, LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 February 2024 and 31 January 2025
1,332,366
585,844
1,918,210
Depreciation and impairment
At 1 February 2024
296,769
505,006
801,775
Depreciation charged in the year
26,516
16,255
42,771
At 31 January 2025
323,285
521,261
844,546
Carrying amount
At 31 January 2025
1,009,081
64,583
1,073,664
At 31 January 2024
1,035,597
80,838
1,116,435
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
43,374
43,074
Other debtors
36,237
37,362
79,611
80,436
5
Investment property
2025
£
Fair value
At 1 February 2024
3,504,741
Disposals
(130,000)
At 31 January 2025
3,374,741

The fair value of the investment property has been arrived at on the basis of a valuation carried out on 31 January 2025 by the director of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

A.L.MARTIN & SON, LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
47,806
43,460
Trade creditors
44,102
32,974
Taxation and social security
44,444
16,449
Other creditors
30,082
25,642
166,434
118,525

Bank loan s are secured by fixed charge s over certain freehold and investment properties of the company.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
814,315
862,958
Creditors which fall due after five years are payable as follows:
Payable by instalments
645,507
644,747

Bank loan s are secured by fixed charge s over certain freehold and investment properties of the company.

8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
34,670
40,345
Investment property
77,420
87,277
112,090
127,622
2025
Movements in the year:
£
Liability at 1 February 2024
127,622
Credit to profit or loss
(15,532)
Liability at 31 January 2025
112,090
A.L.MARTIN & SON, LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
9
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
1 director
2.25
24,927
45,813
633
(40,118)
31,255
24,927
45,813
633
(40,118)
31,255

Advances made to the director were unsecured, interest bearing and repayable upon demand.

10
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
1,114,081
1,104,981
Non distributable profits in the year
(29,568)
9,100
At the end of the year
1,084,513
1,114,081

The non-distributable reserves represents the unrealised increase in value of the investment property less provision for Corporation Tax.

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