Pumpherston Estates Limited(The) - Accounts to registrar (filleted)

REGISTERED NUMBER: 00229290 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Pumpherston Estates Limited(The)

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

to

4

Notes to the financial statements

5

to

8

Directors:

Mrs S M McLagan

Mr J G McLagan

Mr R C Tyler

Mr I D Tyler

Registered office:

Orchard End

Main Street

Marston

Grantham

Lincolnshire

NG32 2HH

Registered number:

00229290 (England and Wales)

Accountants:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

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 Statement of financial position. 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 Pumpherston Estates Limited(The) for the year ended 31 March 2025 which comprise the Income statement, Statement of financial position, 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 Pumpherston Estates Limited(The), as a body, in accordance with the terms of our engagement letter dated 19 August 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Pumpherston Estates Limited(The) and state those matters that we have agreed to state to the Board of Directors of Pumpherston Estates Limited(The), 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 Pumpherston Estates Limited(The) and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pumpherston Estates Limited(The) 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 Pumpherston Estates Limited(The). You consider that Pumpherston Estates Limited(The) 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 Pumpherston Estates Limited(The). 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.

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

11 December 2025

Fixed assets

Tangible assets

5

9,394,853

9,398,571

Current assets

Stocks

34,486

81,819

Debtors

6

122,821

147,665

Cash at bank

412,465

588,331

569,772

817,815

Creditors

Amounts falling due within one year

7

86,534

167,161

Net current assets

483,238

650,654

Total assets less current liabilities

9,878,091

10,049,225

Provisions for liabilities

2,107,275

2,108,205

Net assets

7,770,816

7,941,020

Capital and reserves

Called up share capital

8

10,000

Revaluation reserve

9

2,711,254

Retained earnings

5,049,562

5,219,766

Shareholders' funds

7,770,816

7,941,020

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 10 December 2025 and were signed on its behalf by:

Mr J G McLagan - Director

1.	Statutory information

Pumpherston Estates Limited(The) 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.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Farm support income

Monies received and receivable from the Rural Payments Agency in respect of the Basic Payment Scheme are recognised as other operating income in the period to which they relate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation policy

Freehold Property - 1% straight line

Plant and machinery - 15% reducing balance

Fixtures and fittings - 15% reducing balance

Motor vehicles - 25% reducing balance

Computer equipment - 33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4.	Employees and directors

The average number of employees during the year was 5 (2024 - 5 ) .

5.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

Cost

At 1 April 2024

9,387,567

13,576

6,481

Additions

4,164

387

-

At 31 March 2025

9,391,731

13,963

6,481

Depreciation

At 1 April 2024

12,463

7,082

3,098

Charge for year

3,280

1,032

507

At 31 March 2025

15,743

8,114

3,605

Net book value

At 31 March 2025

9,375,988

5,849

2,876

At 31 March 2024

9,375,104

6,494

3,383

Motor

Computer

vehicles

equipment

Totals

£

Cost

At 1 April 2024

21,013

247

9,428,884

Additions

-

4,551

At 31 March 2025

21,013

247

9,433,435

Depreciation

At 1 April 2024

7,541

129

30,313

Charge for year

3,368

82

8,269

At 31 March 2025

10,909

211

38,582

Net book value

At 31 March 2025

10,104

36

9,394,853

At 31 March 2024

13,472

118

9,398,571

6.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

30,904

106,827

Directors' current accounts

35,022

-

Tax

23,805

-

VAT

11,643

9,238

Prepayments and accrued income

21,447

31,600

122,821

147,665

7.

Creditors: amounts falling due within one year

2025

2024

£

Trade creditors

(2,013

)

28,660

Tax

-

34,531

Social security and other taxes

(2

)

(2

)

Deposit held

714

Accruals and deferred income

87,835

103,258

86,534

167,161

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

10,000

Ordinary shares

£1

10,000

9.

Reserves

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

2,711,254

10.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Mr I D Tyler

Balance outstanding at start of year

-

Amounts advanced

35,022

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

35,022

-

Interest has been charged at the official rate and the loan is repayable on demand.