REGISTERED NUMBER: 00393809 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Mardon Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M R Weatherhead

Mr E S Weatherhead

Ms E Weatherhead

REGISTERED OFFICE:

Yew Tree House

36 Kneesworth Street

Royston

Hertfordshire

SG8 5AB

BUSINESS ADDRESS:

C/O Mark Weatherhead Ltd

Ashworth House

St Neots Road

Hardwick

Cambridgeshire

CB23 7QL

REGISTERED NUMBER:

00393809 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

95,259

95,259

Investments

5

100

100

Investment property

6

1,200,000

1,200,000

1,295,359

1,295,359

CURRENT ASSETS

Debtors

7

1,603,184

1,615,504

Cash at bank

10,855

471

1,614,039

1,615,975

CREDITORS

Amounts falling due within one year

8

9,244

9,045

NET CURRENT ASSETS

1,604,795

1,606,930

TOTAL ASSETS LESS CURRENT LIABILITIES

2,900,154

2,902,289

PROVISIONS FOR LIABILITIES

267,795

267,795

NET ASSETS

2,632,359

2,634,494

CAPITAL AND RESERVES

Called up share capital

10

5,500

5,500

Non-distributable reserves

898,134

898,134

Retained earnings

1,728,725

1,730,860

SHAREHOLDERS' FUNDS

2,632,359

2,634,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 29 October 2025 and were signed on its behalf by:

Mr M R Weatherhead - Director

Mr E S Weatherhead - Director

Ms E Weatherhead - Director

1.	STATUTORY INFORMATION

Mardon Estates 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

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions which impact on the reported amounts of assets and liabilities. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

- not provided

Plant and machinery etc

- 15% on reducing balance

Depreciation is provided on freehold property to the extent that its value diminishes over its expected useful economic life. The residual value, however, is not anticipated to be lower than cost and accordingly no depreciation has been charged.

Investments in subsidiaries

Investments in subsidiaries are recognised at cost less any permanent provision for impairment.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

95,259

22,010

117,269

DEPRECIATION

At 1 April 2024

and 31 March 2025

-

22,010

22,010

NET BOOK VALUE

At 31 March 2025

95,259

-

95,259

At 31 March 2024

95,259

-

95,259

The freehold property has not been depreciated in accordance with the company's accounting policy disclosed in note 2 to these accounts.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Mark Weatherhead Limited

Registered office:

Nature of business: Sale of agricultural machinery

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

£

Aggregate capital and reserves

(1,269,117

)

(629,137

)

Loss for the year

(639,980

)

(413,265

)

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,200,000

NET BOOK VALUE

At 31 March 2025

1,200,000

At 31 March 2024

1,200,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

965,929

Valuation in 2020

200,000

Cost

34,071

1,200,000

Investment property was valued on an open market basis on 31 March 2025 by the Director .

7.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

1,603,184

1,615,504

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

4,894

4,895

Directors' loan accounts

350

150

Accrued expenses

4,000

4,000

9,244

9,045

9.	SECURED DEBTS

On 16 June 2015 a fixed and floating charge was registered against the assets of the company in relation to the loan from Barclays Bank PLC. The floating charge covers all of the property or undertaking of the company.

On 8 April 1997 a charge was registered against the piece of lands situated in the parish of Hardwick cambridgeshire being approximately 3.5 acres and 2 acres and 3 roods. This is in relation to the loan from Barclays Bank PLC.

On 8 April 1986 a Charge was registered against 13 Poplar Drive Garden Walk Royston Hertfordshire this is in relation to the loan from Barclays Bank PLC.

On 6 May 1983 a charge was registered against Yew Tree House, Kneesworth Street, Royston,Hertfordshire this is in relation to the loan from Barclays Bank PLC.

On 6 May 1983 a charge was registered against the land and premises of 13 Poplar Drive Garden Walk, Royston, Hertfordshire this is in relation to the loan from Barclays Bank PLC.

On 6 May 1983 a charge was registered against a piece of land situated in the parish of Hardwick Cambridgeshire in relation to the loan from Barclays Bank PLC.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

5,500

Ordinary shares

£1

5,500

5,500

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Weatherhead.