M R Young & Sons (Rural) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08044299 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 March 2025

for

M R YOUNG & SONS (RURAL) LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

P M G Young

J A V Handslip

S C E Young

D A G Young

REGISTERED OFFICE:

Whyr Farm

Winterbourne Bassett

Swindon

Wiltshire

SN4 9QE

REGISTERED NUMBER:

08044299 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M R Young & Sons (Rural) Limited for the year ended 30 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of M R Young & Sons (Rural) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M R Young & Sons (Rural) Limited and state those matters that we have agreed to state to the Board of Directors of M R Young & Sons (Rural) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M R Young & Sons (Rural) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M R Young & Sons (Rural) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of M R Young & Sons (Rural) Limited. You consider that M R Young & Sons (Rural) 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 financial statements of M R Young & Sons (Rural) 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 financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

4 September 2025

FIXED ASSETS

Tangible assets

4

2,792,219

2,802,199

Investments

5

1

Investment property

6

540,570

3,332,790

3,342,770

CURRENT ASSETS

Stocks

32,698

91,791

Debtors

7

159,876

151,917

Cash at bank

293,136

403,360

485,710

647,068

CREDITORS

Amounts falling due within one year

8

22,068

46,622

NET CURRENT ASSETS

463,642

600,446

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,796,432

3,943,216

PROVISIONS FOR LIABILITIES

9

188,728

188,904

NET ASSETS

3,607,704

3,754,312

CAPITAL AND RESERVES

Called up share capital

110,000

Share premium

2,740,000

Revaluation reserve

10

799,579

Other reserves

5,882

Retained earnings

(47,757

)

98,851

3,607,704

3,754,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 2 September 2025 and were signed on its behalf by:

D A G Young - Director

1.	STATUTORY INFORMATION

M R Young & Sons (Rural) Limited 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.

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, recognised when earned.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

Land is not depreciated

Plant and machinery

-

20% and 12.5% Straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is measured at fair value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

COST

At 31 March 2024

2,763,243

477,259

3,240,502

Additions

-

8,750

At 30 March 2025

2,763,243

486,009

3,249,252

DEPRECIATION

At 31 March 2024

-

438,303

Charge for year

-

18,730

At 30 March 2025

-

457,033

NET BOOK VALUE

At 30 March 2025

2,763,243

28,976

2,792,219

At 30 March 2024

2,763,243

38,956

2,802,199

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 31 March 2024

and 30 March 2025

1

NET BOOK VALUE

At 30 March 2025

1

At 30 March 2024

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2024

and 30 March 2025

540,570

NET BOOK VALUE

At 30 March 2025

540,570

At 30 March 2024

540,570

The investment property was revalued during 2017 by qualified surveyors, on an open market basis.The directors have elected not to revalue the property during the current year, as they believe this value remains representative at the balance sheet date.The value as at 30 September 2022 has not been assessed by a qualified external valuer.

7.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

5,424

1,487

Other debtors

82,245

43,435

87,669

44,922

Amounts falling due after more than one year:

Other debtors

72,207

106,995

Aggregate amounts

159,876

151,917

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

17,589

3,099

Taxation and social security

-

40,023

Other creditors

4,479

3,500

22,068

46,622

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

188,728

188,904

Deferred

tax

£

Balance at 31 March 2024

188,904

Accelerated capital allowances

(176

)

Revaluation

Balance at 30 March 2025

188,728

10.

RESERVES

Revaluation

reserve

£

At 31 March 2024

and 30 March 2025

799,579

11.	CRITICAL ACCOUNTING ESTIMATES AND UNCERTAINTIES

The directors have assessed there to be no change in the valuation of investment property. No other significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.