| REGISTERED NUMBER: |
| G H Myers Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| REGISTERED NUMBER: |
| G H Myers Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| G H Myers Limited (Registered number: 00811098) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Company information | 1 |
| Chartered accountants' report | 2 |
| Statement of financial position | 3 | to | 4 |
| Notes to the financial statements | 5 | to | 9 |
| G H Myers Limited |
| Company Information |
| for the Year Ended 31 March 2025 |
| Directors: |
| Registered office: |
| Business address: |
| Registered number: |
| Accountants: |
| Bank House |
| Broad Street |
| Spalding |
| Lincolnshire |
| PE11 1TB |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| G H Myers Limited |
| 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 G H Myers Limited for the year ended 31 March 2025 which comprise the Statement of income and retained earnings, Statement of financial position 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 G H Myers Limited, as a body, in accordance with the terms of our engagement letter dated 12 November 2018. Our work has been undertaken solely to prepare for your approval the financial statements of G H Myers Limited and state those matters that we have agreed to state to the Board of Directors of G H Myers Limited, 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 G H Myers Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that G H Myers Limited 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 profit of G H Myers Limited. You consider that G H Myers Limited 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 G H Myers Limited. 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. |
| Bank House |
| Broad Street |
| Spalding |
| Lincolnshire |
| PE11 1TB |
| G H Myers Limited (Registered number: 00811098) |
| Statement of Financial Position |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 5 |
| Tangible assets | 6 |
| Investments | 7 |
| Current assets |
| Stocks |
| Debtors | 8 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 9 |
| Net current assets |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 10 |
| Share premium |
| Retained earnings |
| Shareholders' funds |
| 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. |
| G H Myers Limited (Registered number: 00811098) |
| Statement of Financial Position - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| G H Myers Limited (Registered number: 00811098) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | Statutory information |
| G H Myers Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Statement of compliance |
| 3. | Accounting policies |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about G H Myers Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Farm support income |
| De-linked farm support income accrues evenly up to 31 December in each claim year in the financial statements. |
| Revenue recognition |
| Turnover represents the total amount receivable by the company for goods supplied and services provided, exclusive of value added tax. |
| Amortisation |
| Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: |
| Entitlements | - | 7 years straight line |
| If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates. |
| Intangible assets |
| Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. |
| Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date. |
| G H Myers Limited (Registered number: 00811098) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 3. | Accounting policies - continued |
| Tangible fixed assets |
| All fixed assets are initially recorded at cost. |
| Depreciation |
| Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: |
| Land and buildings | - | Not depreciated |
| Plant and machinery | - | 10% / 20% reducing balance |
| Computer equipment | - | 3 years straight line |
| Motor vehicles and tractors | - | 25% reducing balance |
| Stocks |
| Stocks are valued by professional valuers and are stated at the lower of cost and net realisable value. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| Defined contribution plans |
| 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. |
| The company operates a defined contribution pension scheme for the benefit of a director. The assets of the scheme are administered by Trustees in a fund independent from those of the company. |
| The pension costs charged against profits represent the amount of the contributions payable to the scheme or to directors personal pension plans in respect of the accounting period. |
| Fixed asset investments |
| Fixed asset investments are stated at cost less provision for diminution. |
| G H Myers Limited (Registered number: 00811098) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 3. | Accounting policies - continued |
| 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. |
| 4. | Employees and directors |
| The average number of employees during the year was |
| 5. | Intangible fixed assets |
| Entitlements |
| £ |
| Cost |
| At 1 April 2024 |
| and 31 March 2025 |
| Amortisation |
| At 1 April 2024 |
| and 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| 6. | Tangible fixed assets |
| Land and | Plant and | Motor |
| buildings | machinery | Tractors | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 April 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2025 |
| Depreciation |
| At 1 April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| G H Myers Limited (Registered number: 00811098) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 6. | Tangible fixed assets - continued |
| Included within the above figure is an amount of £1,858,953 in respect of freehold property upon which no depreciation is charged, because the residual values are so high that any depreciation charge would be immaterial. |
| 7. | Fixed asset investments |
| Other |
| investments |
| £ |
| Cost |
| At 1 April 2024 |
| and 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| Hoddins Way Limited is a subsidiary company, in which the company acquired 750,000 ordinary £1 shares in 2013 in exchange for property transferred. This represents 99.99% of the issued share capital. The company was incorporated in England and Wales on 23 April 2012, company number 08040308. The subsidiary commenced business on 1 April 2015 and has aggregate share capital and reserves of £766,625 (2024 - £750,805). |
| 8. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts owed by associates |
| Deferred tax asset |
| Tax | - | 14,635 |
| VAT |
| Prepayments and accrued income |
| 9. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Pension contributions | 153 | 130 |
| Directors' current accounts | 25,154 | 26,781 |
| Accruals and deferred income |
| G H Myers Limited (Registered number: 00811098) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 10. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary A shares | £1 | 13,250 | 13,250 |