Registration number: 02688534

T B Clappison Limited

(Registration number: 02688534)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,730,217	2,593,270
Current assets
Stocks	5	116,606	137,317
Debtors	6	969,586	813,468
Investments	7	22	22
Cash at bank and in hand		312,029	85,304
		1,398,243	1,036,111
Creditors: Amounts falling due within one year	8	(1,674,679)	(1,326,671)
Net current liabilities		(276,436)	(290,560)
Total assets less current liabilities		3,453,781	2,302,710
Creditors: Amounts falling due after more than one year	8	(1,751,232)	(820,368)
Provisions for liabilities		(656,219)	(479,986)
Net assets		1,046,330	1,002,356
Capital and reserves
Called up share capital		100	100
Retained earnings		1,046,230	1,002,256
Shareholders' funds		1,046,330	1,002,356

T B Clappison Limited

(Registration number: 02688534)
Balance Sheet as at 31 March 2025

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 28 November 2025 and signed on its behalf by:
 

......................................... P T Clappison Director

......................................... T D E Clappison Director

T B Clappison 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 and Wales.

The address of its registered office is:
Cowlam Grange
Cowlam
DRIFFIELD
East Yorkshire
YO25 3AG

These financial statements were authorised for issue by the Board on 28 November 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 and deferred 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.

T B Clappison Limited

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

The current income 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold buildings	2% straight line
Machinery and implements	10% reducing balance
Office equipment	20% reducing balance
Tractors	15% reducing balance
Motor vehicles	25% reducing balance

Investments

Current asset investments are included at the lower of cost and net realisable value.

Stocks

Stock and agricultural valuation are valued in accordance with FRS 102. Stocks are valued at the lower of cost and net realisable value using accepted conventions to arrive at deemed cost where actual costs are not accurately ascertainable. Harvested crops are valued using the deemed cost of production method.

T B Clappison Limited

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

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

T B Clappison Limited

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

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	80,325	4,236,258	4,316,583
Additions	-	2,107,263	2,107,263
Disposals	-	(895,912)	(895,912)
At 31 March 2025	80,325	5,447,609	5,527,934
Depreciation
At 1 April 2024	27,492	1,695,821	1,723,313
Charge for the year	1,606	547,974	549,580
Eliminated on disposal	-	(475,176)	(475,176)
At 31 March 2025	29,098	1,768,619	1,797,717
Carrying amount
At 31 March 2025	51,227	3,678,990	3,730,217
At 31 March 2024	52,833	2,540,437	2,593,270

5

Stocks

	2025 £	2024 £
Other inventories	116,606	137,317

6

Debtors

Current	2025 £	2024 £
Trade debtors	667,210	553,879
Prepayments	34,428	54,525
Other debtors	267,948	205,064
	969,586	813,468

T B Clappison Limited

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

7	Current asset investments

	2025 £	2024 £
Other investments	22	22

T B Clappison Limited

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

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		862,412	634,078
Trade creditors		727,813	632,281
Taxation and social security		4,339	43,598
Accruals and deferred income		39,535	4,584
Other creditors		40,580	12,130
		1,674,679	1,326,671

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	249,964	143,638
HP and finance lease liabilities	612,448	490,440
	862,412	634,078

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		1,751,232	820,368

9	Related party transactions

Cowlam Grange Partnership
During the year, the company charged Cowlam Grange Partnership, of which the directors of the company are partners, management fees of £170,713 (2024 - £159,000). This amount outstanding at the year end is included within debtors.

AC Employment Ltd
During the period, the company made a loan of £60,004 to AC Employment Ltd, a company related to the directors of the company. The outstanding loan at the year end is recognised in debtors. Labour services totalling £124,768 (2024 - £85,680) were also purchased from AC Employment Ltd during the period. These transactions were on normal commercial terms, with £12,645 (2024 - £Nil) outstanding at the year end recognised in trade creditors.