REGISTERED NUMBER: 00602011 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ARTHUR MARKILLIE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R S Markillie

Mrs S A Markillie

S E Markillie

Miss A C L Monaghan

SECRETARY:

Miss A C L Monaghan

REGISTERED OFFICE:

Trinity Hall

Walpole Highway

Wisbech

Cambridgeshire

PE14 7SN

REGISTERED NUMBER:

00602011 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,712,488

4,621,985

Investments

6

1

1

4,712,489

4,621,986

CURRENT ASSETS

Stocks

978,494

892,117

Debtors

7

405,952

552,102

Cash at bank

995,479

1,924,821

2,379,925

3,369,040

CREDITORS

Amounts falling due within one year

8

1,737,148

1,194,752

NET CURRENT ASSETS

642,777

2,174,288

TOTAL ASSETS LESS CURRENT LIABILITIES

5,355,266

6,796,274

CREDITORS

Amounts falling due after more than one year

9

(939,252

)

(919,668

)

PROVISIONS FOR LIABILITIES

(541,058

)

(918,933

)

NET ASSETS

3,874,956

4,957,673

CAPITAL AND RESERVES

Called up share capital

247,100

261,645

Capital redemption reserve

75,000

75,000

Retained earnings

3,552,856

4,621,028

SHAREHOLDERS' FUNDS

3,874,956

4,957,673

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 9 December 2025 and were signed on its behalf by:

Miss A C L Monaghan - Director

1.	STATUTORY INFORMATION

Arthur Markillie Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Single Farm Payment Entitlement are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

No depreciation

Leasehold improvements

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Derivatives

Derivative financial instruments are initially measured at fair value at the date on which a derivative contract is entered into and are subsequently measured at fair value through profit and loss.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

25,159

AMORTISATION

At 1 April 2024

and 31 March 2025

25,159

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Leasehold

Plant and

Motor

property

improvements

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

2,168,167

1,088,615

4,746,778

91,000

8,094,560

Additions

-

131,726

569,638

-

701,364

Disposals

-

-

(291,320

)

-

(291,320

)

At 31 March 2025

2,168,167

1,220,341

5,025,096

91,000

8,504,604

DEPRECIATION

At 1 April 2024

-

613,007

2,788,646

70,922

3,472,575

Charge for year

-

19,786

574,892

5,019

599,697

Eliminated on disposal

-

-

(280,156

)

-

(280,156

)

At 31 March 2025

-

632,793

3,083,382

75,941

3,792,116

NET BOOK VALUE

At 31 March 2025

2,168,167

587,548

1,941,714

15,059

4,712,488

At 31 March 2024

2,168,167

475,608

1,958,132

20,078

4,621,985

Included in cost of land and buildings is freehold land of £ 2,168,167 (2024 - £ 2,168,167 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

780,460

Additions

437,913

At 31 March 2025

1,218,373

DEPRECIATION

At 1 April 2024

250,769

Charge for year

196,284

At 31 March 2025

447,053

NET BOOK VALUE

At 31 March 2025

771,320

At 31 March 2024

529,691

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

267,669

460,326

Other debtors

138,283

91,776

405,952

552,102

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

7,950

6,961

Hire purchase contracts

196,737

111,099

Trade creditors

80,891

188,516

Amounts owed to group undertakings

35,917

-

Taxation and social security

221,901

14,385

Other creditors

1,193,752

873,791

1,737,148

1,194,752

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

568,766

582,306

Hire purchase contracts

210,486

191,907

Other creditors

160,000

145,455

939,252

919,668

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due in more than

5 years by instalments

531,544

548,799

531,544

548,799

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

576,716

589,267

Hire purchase contracts

407,223

303,006

983,939

892,273

11.	RELATED PARTY DISCLOSURES

During the period, rent was paid to the directors of £44,758 (2024 - £45,057).

12.	PREFERENCE SHARES

Allotted, issued and fully paid

31.03.25

31.01.24

£

£

400,000 3% redeemable cumulative preference shares of £1 each

400,000

400,000

As at 31 March 2025

400,000

400,000

The 3% redeemable cumulative preference shares are classified as compound financial instruments, which have the characteristics of both debt and equity and may be redeemed at any date no earlier than the date which is six months after 30 September 2013, at par.

The debt element is the net present value of the liability relating to the future dividend stream and redemption and has been calculated using an equivalent rate of 7.5%, being the directors estimate of the cost of capital.

Debt

Equity

Element

Element

Total

3% redeemable cumulative preference shares

160,000

240,000

400,000

As at 31 March 2025

160,000

240,000

400,000