REGISTERED NUMBER: 06857738 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Llansadurnen Farm Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R L Thomas

Mrs A J Bevan

REGISTERED OFFICE:

Llansadurnen Farm

Laugharne

Carmarthenshire

SA33 4RH

REGISTERED NUMBER:

06857738 (England and Wales)

ACCOUNTANTS:

Ashmole & Co.

Chartered Certified Accountants

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

FIXED ASSETS

Intangible assets

4

1,650

2,475

Tangible assets

5

2,081,006

1,058,588

2,082,656

1,061,063

CURRENT ASSETS

Stocks

344,335

450,370

Debtors

6

186,508

129,139

Cash at bank

82,441

89,221

613,284

668,730

CREDITORS

Amounts falling due within one year

7

805,641

665,060

NET CURRENT (LIABILITIES)/ASSETS

(192,357

)

3,670

TOTAL ASSETS LESS CURRENT LIABILITIES

1,890,299

1,064,733

CREDITORS

Amounts falling due after more than one year

8

(1,120,835

)

(459,138

)

PROVISIONS FOR LIABILITIES

(131,024

)

(73,730

)

NET ASSETS

638,440

531,865

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

638,438

531,863

638,440

531,865

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 23 December 2025 and were signed on its behalf by:

R L Thomas - Director

Mrs A J Bevan - Director

1.	STATUTORY INFORMATION

Llansadurnen Farm 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Quota and Entitlements are being amortised evenly over their estimated useful life of nil 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.

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

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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

30,812

AMORTISATION

At 1 April 2024

28,337

Charge for year

825

At 31 March 2025

29,162

NET BOOK VALUE

At 31 March 2025

1,650

At 31 March 2024

2,475

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

-

1,624,347

1,624,347

Additions

850,538

286,201

1,136,739

Disposals

-

(95,000

)

(95,000

)

At 31 March 2025

850,538

1,815,548

2,666,086

DEPRECIATION

At 1 April 2024

-

565,759

565,759

Charge for year

-

74,321

74,321

Eliminated on disposal

-

(55,000

)

(55,000

)

At 31 March 2025

-

585,080

585,080

NET BOOK VALUE

At 31 March 2025

850,538

1,230,468

2,081,006

At 31 March 2024

-

1,058,588

1,058,588

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

Plant and

machinery

etc

£

COST

Additions

100,000

At 31 March 2025

100,000

DEPRECIATION

Charge for year

11,250

At 31 March 2025

11,250

NET BOOK VALUE

At 31 March 2025

88,750

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

145,804

108,276

Other debtors

40,704

20,863

186,508

129,139

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

53,656

78,294

Hire purchase contracts

16,669

23,667

Trade creditors

114,442

144,033

Taxation and social security

19,437

29,787

Other creditors

601,437

389,279

805,641

665,060

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,102,781

459,138

Hire purchase contracts

18,054

-

1,120,835

459,138

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

888,158

389,938

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

R L Thomas and Mrs A J Bevan

Balance outstanding at start of year

(387,604

)

(211,970

)

Amounts advanced

12,378

5,652

Amounts repaid

(188,086

)

(181,286

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(563,312

)

(387,604

)