REGISTERED NUMBER: 09990354 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Preston Farm Developments & Consultancy

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Richardson

S J Richardson

SECRETARY:

Mrs E A Richardson

REGISTERED OFFICE:

The Stone Barn

Preston Lane

Stockton on Tees

TS18 3RG

REGISTERED NUMBER:

09990354 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

51,963

46,929

Investments

5

66

66

52,029

46,995

CURRENT ASSETS

Stocks

12,082

757,463

Debtors

6

171,980

255,466

Cash at bank and in hand

797,500

63,353

981,562

1,076,282

CREDITORS

Amounts falling due within one year

7

542,211

894,935

NET CURRENT ASSETS

439,351

181,347

TOTAL ASSETS LESS CURRENT LIABILITIES

491,380

228,342

CREDITORS

Amounts falling due after more than one year

8

(1,947

)

(3,618

)

PROVISIONS FOR LIABILITIES

(13,000

)

(11,000

)

NET ASSETS

476,433

213,724

CAPITAL AND RESERVES

Called up share capital

10

3

3

Retained earnings

476,430

213,721

SHAREHOLDERS' FUNDS

476,433

213,724

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 17 December 2025 and were signed on its behalf by:

C J Richardson - Director

1.	STATUTORY INFORMATION

Preston Farm Developments & Consultancy 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.

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.

Turnover

Turnover for the supply of services represents the value of services provided under building contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date, turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Amounts recoverable on contracts

Amounts recoverable on contracts are stated at cost plus attributable profit to the extent that such profit is reasonably certain and after making provision for any foreseeable losses in completing contracts, less payments on account received.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

41,350

36,699

1,154

79,203

Additions

25,255

-

-

25,255

Disposals

-

(11,699

)

-

(11,699

)

At 31 March 2025

66,605

25,000

1,154

92,759

DEPRECIATION

At 1 April 2024

24,285

7,206

783

32,274

Charge for year

6,628

5,899

334

12,861

Eliminated on disposal

-

(4,339

)

-

(4,339

)

At 31 March 2025

30,913

8,766

1,117

40,796

NET BOOK VALUE

At 31 March 2025

35,692

16,234

37

51,963

At 31 March 2024

17,065

29,493

371

46,929

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

66

NET BOOK VALUE

At 31 March 2025

66

At 31 March 2024

66

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

8,863

75,318

Amounts owed by associates

475

475

Amounts recoverable on contract

154,000

167,700

Other debtors

8,642

11,973

171,980

255,466

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

1,038

7,119

Trade creditors

81,163

57,729

Taxation and social security

137,668

47,173

Other creditors

322,342

782,914

542,211

894,935

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

1,947

3,618

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

2,985

10,737

Hire purchase liabilities are secured on the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

3

Ordinary

3

3

3

11.	OTHER FINANCIAL COMMITMENTS

At 31 March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £135,922 (2024: £75,444).

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company advanced £90 to its directors (2024 - £10,383). During the year the directors repaid £10,473 (2024 - £nil) leaving an amount owed to the company at the year end of £nil (2024 - £10,383).

The above loan was provided free of interest with no fixed repayment terms.