| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 5 April 2025 |
| for |
| R Marginson (Farmers) Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 5 April 2025 |
| for |
| R Marginson (Farmers) Limited |
| R Marginson (Farmers) Limited (Registered number: 01320420) |
| Contents of the Financial Statements |
| for the Year Ended 5 April 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| R Marginson (Farmers) Limited |
| Company Information |
| for the Year Ended 5 April 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Roland House |
| Princes Dock Street |
| HULL HU1 2LD |
| R Marginson (Farmers) Limited (Registered number: 01320420) |
| Balance Sheet |
| 5 April 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Share premium | 11 |
| Retained earnings | 11 |
| 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. |
| R Marginson (Farmers) Limited (Registered number: 01320420) |
| Balance Sheet - continued |
| 5 April 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| R Marginson (Farmers) Limited (Registered number: 01320420) |
| Notes to the Financial Statements |
| for the Year Ended 5 April 2025 |
| 1. | STATUTORY INFORMATION |
| R Marginson (Farmers) 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. |
| Turnover from the sale of goods is recognised when goods are delivered and the legal title has passed. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Land and buildings | - 2% on cost and not provided |
| Plant and machinery etc | - 33% on cost, 25% on reducing balance, 15% on reducing |
| balance and 10% on cost |
| Stocks |
| Stock is valued at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs are based on the method most appropriate to the type of inventory class. Overheads are charged to the profit or loss as incurred. |
| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in which the reversal occurs. |
| 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. |
| Deferred tax |
| Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
| Government grants receivable |
| Government grants receivable are accounted for in the financial period to which they relate. |
| R Marginson (Farmers) Limited (Registered number: 01320420) |
| Notes to the Financial Statements - continued |
| for the Year Ended 5 April 2025 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 6 April 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 5 April 2025 |
| DEPRECIATION |
| At 6 April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 5 April 2025 |
| NET BOOK VALUE |
| At 5 April 2025 |
| At 5 April 2024 |
| Included in cost of land and buildings is freehold land of £ 406,148 (2024 - £ 406,148 ) which is not depreciated. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other creditors |
| R Marginson (Farmers) Limited (Registered number: 01320420) |
| Notes to the Financial Statements - continued |
| for the Year Ended 5 April 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Other loans | 3,417 | 3,411 |
| 8. | SECURED DEBTS |
| The loan is secured by a charge over the land at Lions Den Farm. |
| 9. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 33,325 | 33,862 |
| Deferred |
| tax |
| £ |
| Balance at 6 April 2024 |
| Movement | (537 | ) |
| Balance at 5 April 2025 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| 'A' Ordinary | £1 | 1,000 | 1,000 |
| 'B' Ordinary | £1 | 2 | 2 |
| 1,002 | 1,002 |
| The 'B' Ordinary Shares carry no voting rights and do not rank pari pasu with the 'A' Ordinary Shares with regards to entitlement to dividends. In the event of a winding up or other distribution of the company assets the holders of the 'B' Ordinary Shares have a priority for the repayment of the amount of capital paid on each share. |
| 11. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 6 April 2024 | 873,942 |
| Profit for the year |
| At 5 April 2025 | 884,307 |
| 12. | RELATED PARTY DISCLOSURES |
| At the balance sheet date Mr P Marginson a director was owed £5,153 (2024- £4.759) from the company. |
| R Marginson (Farmers) Limited (Registered number: 01320420) |
| Notes to the Financial Statements - continued |
| for the Year Ended 5 April 2025 |
| 13. | CONTROLLING PARTY |
| On 27 February 2025 Peter Marginson disposed of the majority of his shares in the company. From 27 February 2025 the company is under the control of Mrs E Whiting. |