REGISTERED NUMBER: 05872487 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

PDM Farming Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P D Moore

SECRETARY:

Mrs L S Collingwood

REGISTERED OFFICE:

The Old Stables, Sutton Manor Farm

Bishop's Sutton

Alresford

Hampshire

SO24 0AA

REGISTERED NUMBER:

05872487 (England and Wales)

ACCOUNTANTS:

Butler & Co Alresford Limited

Chartered Accountants

The Old Stables

Sutton Manor Farm

Bishop's Sutton

Alresford

Hampshire

SO24 0AA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,053,858

1,800,114

2,053,858

1,800,114

CURRENT ASSETS

Stocks

6

265,680

191,820

Debtors

7

265,774

190,789

Cash at bank

226

145,786

531,680

528,395

CREDITORS

Amounts falling due within one year

8

891,680

498,443

NET CURRENT (LIABILITIES)/ASSETS

(360,000

)

29,952

TOTAL ASSETS LESS CURRENT LIABILITIES

1,693,858

1,830,066

CREDITORS

Amounts falling due after more than one year

9

(367,148

)

(555,646

)

PROVISIONS FOR LIABILITIES

11

(59,397

)

(61,801

)

NET ASSETS

1,267,313

1,212,619

CAPITAL AND RESERVES

Called up share capital

12

1

1

Retained earnings

1,267,312

1,212,618

SHAREHOLDERS' FUNDS

1,267,313

1,212,619

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 director acknowledges his 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 director and authorised for issue on 22 December 2025 and were signed by:

Mr P D Moore - Director

1.	STATUTORY INFORMATION

PDM Farming 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

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

-

25% reducing balance basis

Motor vehicles

-

25% reducing balance basis

Computer equipment

-

33% on 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.

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 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

and 31 March 2025

50,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

1,343,645

160,974

596,896

Additions

236,735

18,595

138,959

Disposals

-

-

(75,426

)

At 31 March 2025

1,580,380

179,569

660,429

DEPRECIATION

At 1 April 2024

-

-

358,538

Charge for year

-

-

83,722

Eliminated on disposal

-

-

(32,999

)

At 31 March 2025

-

-

409,261

NET BOOK VALUE

At 31 March 2025

1,580,380

179,569

251,168

At 31 March 2024

1,343,645

160,974

238,358

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

100,700

2,183

2,204,398

Additions

-

-

394,289

Disposals

-

-

(75,426

)

At 31 March 2025

100,700

2,183

2,523,261

DEPRECIATION

At 1 April 2024

43,713

2,033

404,284

Charge for year

14,246

150

98,118

Eliminated on disposal

-

-

(32,999

)

At 31 March 2025

57,959

2,183

469,403

NET BOOK VALUE

At 31 March 2025

42,741

-

2,053,858

At 31 March 2024

56,987

150

1,800,114

Included in cost of land and buildings is freehold land of £ 1,440,115 (2024 - £ 1,343,645 ) which is not depreciated.

6.

STOCKS

2025

2024

£

£

Livestock

265,680

191,820

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

100,065

127,894

Other debtors

138,658

37,500

VAT

20,045

18,354

Prepayments and accrued income

7,006

7,041

265,774

190,789

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

296,982

17,442

Hire purchase contracts

16,667

-

Trade creditors

202,186

158,255

Tax

26,537

74,733

Social security and other taxes

737

1,338

Pensions payable

-

139

Other creditors

886

7,168

Net wages

2,442

3,874

Directors' current accounts

342,293

232,644

Accruals and deferred income

2,950

2,850

891,680

498,443

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

17,442

Bank loans - 2-5 years

333,815

508,204

Hire purchase contracts

33,333

-

Other creditors

-

30,000

367,148

555,646

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

6,746

-

Bank loans

624,051

543,088

630,797

543,088

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

59,397

61,801

Deferred

tax

£

Balance at 1 April 2024

61,801

Accelerated capital allowances

(2,404

)

Balance at 31 March 2025

59,397

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

13.	RELATED PARTY DISCLOSURES

Mr P D Moore

A director and shareholder of the company

During the year the director provided a loan to the company. The loan was unsecured, interest free and repayable on demand, subject to the company having sufficient cash reserves. The balance outstanding at the year end was £342,293 (2024: £232,644).

During the period the director received dividends from the company of £36,000 (2024: £39,000).

14.	ULTIMATE CONTROLLING PARTY

By virtue of his 100% shareholding the director P D Moore is the ultimate controlling party.