The Farming Investment Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01719581 (England and Wales)

FARMING INVESTMENT COMPANY LIMITED(THE)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

J W H Brown

R M L Brown

SECRETARY:

R M L Brown

REGISTERED OFFICE:

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

BUSINESS ADDRESS:

Manor Farm

39 Town Road

Quarrington

Sleaford

Lincolnshire

NG34 8RS

REGISTERED NUMBER:

01719581 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

FIXED ASSETS

Tangible assets

4

-

3

CURRENT ASSETS

Stocks

-

78,850

Debtors

5

858,040

1,260,552

Cash at bank

58,576

67

916,616

1,339,469

CREDITORS

Amounts falling due within one year

6

164,332

507,986

NET CURRENT ASSETS

752,284

831,483

TOTAL ASSETS LESS CURRENT LIABILITIES

752,284

831,486

CREDITORS

Amounts falling due after more than one year

7

38,010

36,946

NET ASSETS

714,274

794,540

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

714,272

794,538

SHAREHOLDERS' FUNDS

714,274

794,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2025 and were signed on its behalf by:

J W H Brown - Director

1.	STATUTORY INFORMATION

Farming Investment Company Limited(The) 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.

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 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

Stocks and work in progress are valued at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving and obsolete items.

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 year comprises current 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2024

2,120

Disposals

(2,120

)

At 5 April 2025

-

DEPRECIATION

At 6 April 2024

2,117

Eliminated on disposal

(2,117

)

At 5 April 2025

-

NET BOOK VALUE

At 5 April 2025

-

At 5 April 2024

3

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

858,040

1,260,552

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

5,141

Trade creditors

-

2,072

Taxation and social security

85,338

14,509

Other creditors

73,853

486,264

164,332

507,986

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

38,010

36,946

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

16,100

15,036

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2

Ordinary

£1

2

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2025 and 5 April 2024:

2025

2024

£

J W H Brown

Balance outstanding at start of year

635,705

533,827

Amounts advanced

26,113

101,878

Amounts repaid

(226,027

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

435,791

635,705

R M L Brown

Balance outstanding at start of year

280,177

191,098

Amounts advanced

42,670

89,079

Amounts repaid

(322,847

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

280,177

M W L Brown (Deceased)

Balance outstanding at start of year

(335,099

)

(454,631

)

Amounts advanced

335,099

119,532

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(335,099

)

The balances outstanding at the end of the year are unsecured and repayable on demand. Interest on overdrawn directors loan accounts is charged in the accounts at the official rate.