Lower Almer Farm Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 8

Lower Almer Farm Limited

Company Information

Directors

Mr Richard Alexander Roe Mr Clive Newton Tory Miss Grace Alexandra Tory

Registered office

Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Accountants

Edwards and Keeping Limited Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Lower Almer Farm Limitedfor the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lower Almer Farm Limited for the year ended 31 March 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Lower Almer Farm Limited, as a body, in accordance with the terms of our engagement letter dated 27 February 2012. Our work has been undertaken solely to prepare for your approval the accounts of Lower Almer Farm Limited and state those matters that we have agreed to state to the Board of Directors of Lower Almer Farm Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lower Almer Farm Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lower Almer Farm Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Lower Almer Farm Limited. You consider that Lower Almer Farm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lower Almer Farm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Edwards and Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

31 October 2025

Lower Almer Farm Limited

(Registration number: 00780614)
Balance Sheet as at 31 March 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	4		63,346		96,644
Current assets
Stocks	5	103,058		105,955
Debtors	6	344,951		357,065
Investments	7	437		437
Cash at bank and in hand		248,123		125,856
		696,569		589,313
Creditors: Amounts falling due within one year	8	(328,039)		(247,895)
Net current assets			368,530		341,418
Total assets less current liabilities			431,876		438,062
Provisions for liabilities			(17,033)		(17,033)
Net assets			414,843		421,029
Capital and reserves
Called up share capital	9	35,001		35,001
Profit and loss account		379,842		386,028
Shareholders' funds			414,843		421,029

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 October 2025 and signed on its behalf by:
 

Mr Clive Newton Tory
Director

Lower Almer Farm Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
England

These financial statements were authorised for issue by the Board on 31 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Lower Almer Farm Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Long leasehold buildings and tenants improvements	10% straight line
Implements	12.5% straight line
Tractors	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Lower Almer Farm Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4	Tangible assets

	Land and buildings £	Tenants Improvements £	Tractors £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	27,954	438,817	94,482	7,230	78,893	647,376
At 31 March 2025	27,954	438,817	94,482	7,230	78,893	647,376
Depreciation
At 1 April 2024	15,452	437,096	50,496	6,651	41,037	550,732
Charge for the year	-	1,721	16,832	526	14,219	33,298
At 31 March 2025	15,452	438,817	67,328	7,177	55,256	584,030
Carrying amount
At 31 March 2025	12,502	-	27,154	53	23,637	63,346
At 31 March 2024	12,502	1,721	43,986	579	37,856	96,644

Included within the net book value of land and buildings above is £12,501 (2024 - £12,501) in respect of freehold land and buildings and £1 (2024 - £1) in respect of long leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	103,058	105,955

Lower Almer Farm Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	344,951	357,065
	344,951	357,065

7	Current asset investments

	2025 £	2024 £
Other investments	437	437

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and overdrafts	10	217,789	196,818
Trade creditors		70,321	18,923
Taxation and social security		35,085	32,154
Other creditors		4,844	-
		328,039	247,895

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	27,000	27,000	27,000	27,000
Preference shares of £1 each	8,000	8,000	8,000	8,000
Preferred voting share of £1 each	1	1	1	1
	35,001	35,001	35,001	35,001

10	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	217,789	196,818

Lower Almer Farm Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

11	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	18,159	17,568

Summary of transactions with other related parties

M A Tory Ltd
(common control)
 All transactions between the parties relate to Farming activities and are carried out at normal market prices. At the year end, the amount owing to M A Tory Ltd is £217,789 (2024 - £196,818).