Company No: 11730759 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		31.12.2024
		£		£
Fixed assets
Intangible assets	3	37,500		40,000
Tangible assets	4	2,276,844		1,989,092
Investments		125		125
		2,314,469		2,029,217
Current assets
Stocks	5	130,667		0
Debtors	6	972,664		907,615
Cash at bank and in hand		34,367		103,435
		1,137,698		1,011,050
Creditors: amounts falling due within one year	7	( 1,045,306)		( 670,612)
Net current assets		92,392		340,438
Total assets less current liabilities		2,406,861		2,369,655
Creditors: amounts falling due after more than one year	8	( 681,224)		( 727,226)
Provision for liabilities		( 377,280)		( 332,178)
Net assets		1,348,357		1,310,251
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		1,348,257		1,310,151
Total shareholders' funds		1,348,357		1,310,251

For the financial period 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 financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Tamar Agri Ltd (registered number: 11730759) were approved and authorised for issue by the Board of Directors on 16 December 2025. They were signed on its behalf by:

Mr S N Bloye Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tamar Agri Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Tamar Ridge, Coxpark, Gunnislake, PL18 9BD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line / reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
	25 years straight line
Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Period from 01.01.2025 to 31.03.2025		Year ended 31.12.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	3		3

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2025	100,000		100,000
At 31 March 2025	100,000		100,000
Accumulated amortisation
At 01 January 2025	60,000		60,000
Charge for the financial period	2,500		2,500
At 31 March 2025	62,500		62,500
Net book value
At 31 March 2025	37,500		37,500
At 31 December 2024	40,000		40,000

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 January 2025	676,380		2,459,354		1,000		1,270		3,138,004
Additions	60,000		406,762		15,500		0		482,262
Disposals	0		( 334,150)		0		0		( 334,150)
At 31 March 2025	736,380		2,531,966		16,500		1,270		3,286,116
Accumulated depreciation
At 01 January 2025	16,000		1,131,707		83		1,122		1,148,912
Charge for the financial period	4,000		60,293		46		79		64,418
Disposals	0		( 204,058)		0		0		( 204,058)
At 31 March 2025	20,000		987,942		129		1,201		1,009,272
Net book value
At 31 March 2025	716,380		1,544,024		16,371		69		2,276,844
At 31 December 2024	660,380		1,327,647		917		148		1,989,092

5. Stocks

	31.03.2025		31.12.2024
	£		£
Stocks	44,276		0
Work in progress	86,391		0
	130,667		0

6. Debtors

	31.03.2025		31.12.2024
	£		£
Trade debtors	406,285		522,186
Amounts owed by connected persons	0		15,712
Amounts owed by connected companies	129,780		4,780
Other debtors	436,599		364,937
	972,664		907,615

7. Creditors: amounts falling due within one year

	31.03.2025		31.12.2024
	£		£
Bank loans	13,577		13,577
Trade creditors	200,915		92,822
Amounts owed to connected companies	40,084		40,084
Taxation and social security	127		51,461
Obligations under finance leases and hire purchase contracts	587,019		262,375
Other creditors	203,584		210,293
	1,045,306		670,612

8. Creditors: amounts falling due after more than one year

	31.03.2025		31.12.2024
	£		£
Bank loans	482,628		478,741
Obligations under finance leases and hire purchase contracts	198,596		248,485
	681,224		727,226

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	31.03.2025		31.12.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100