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Registration number: 00506212

S A Mossop (Farms) Limited
Unaudited Filleted Financial Statements
for the Year Ended 5 April 2025

S A Mossop (Farms) Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 12

S A Mossop (Farms) Limited

Company Information

Directors | AJ Mossop EP Mossop RAC Mossop AG Gilliatt

Registered office | Clyde House Marshchapel Lincolnshire DN36 5UA

S A Mossop (Farms) Limited

(Registration number: 00506212)
Balance Sheet as at 5 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 3,628,238 | 3,620,839
Investments | 5 | 3,561 | 3,561
|  | 3,631,799 | 3,624,400
Current assets |  |  |
Stocks | 6 | 685,156 | 1,194,889
Debtors | 7 | 487,462 | 414,025
Cash at bank and in hand |  | 496,772 | 332,836
|  | 1,669,390 | 1,941,750
Creditors: Amounts falling due within one year | 8 | (599,849) | (490,084)
Net current assets |  | 1,069,541 | 1,451,666
Total assets less current liabilities |  | 4,701,340 | 5,076,066
Creditors: Amounts falling due after more than one year | 8 | (2,663,951) | (2,774,944)
Provisions for liabilities |  | (254,025) | (298,854)
Net assets |  | 1,783,364 | 2,002,268
Capital and reserves |  |  |
Called up share capital | 10 | 15,900 | 15,900
Other reserves |  | 14,100 | 14,100
Retained earnings |  | 1,753,364 | 1,972,268
Shareholders' funds |  | 1,783,364 | 2,002,268

For the financial year ending 5 April 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 accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

S A Mossop (Farms) Limited

(Registration number: 00506212)
Balance Sheet as at 5 April 2025

Approved and authorised by the Board on 30 December 2025 and signed on its behalf by:

......................................... EP Mossop Director

S A Mossop (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1 | General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 00506212.

The address of its registered office is:
Clyde House
Marshchapel
Lincolnshire
DN36 5UA

These financial statements cover the individual entity, S A Mossop (Farms) Limited.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 including Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006 subject to the departure stated below.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

Departures from Companies Act requirements

No depreciation has been charged on some of the buildings as they are maintained to such a standard that their residual value is not less than their cost. This is a departure from the requirements of the Companies Act 2006 but, in the opinion of the directors, this is necessary in order for the accounts to give a true and fair view.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods, provision of services and rental income in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

S A Mossop (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold land and buildings | 0% and 10% per annum on a reducing balance basis
Tractors, machinery and implements | 5% straight line and 20% and 25% per annum on a reducing balance basis
Motor vehicles | 20% per annum on a reducing balance basis
Office equipment | 33% reducing balance

Intangible assets

Intangible assets are stated in the statement of financial position at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
The cost of intangible assets includes directly attributable incremental costs incurred in their acquisition.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Single farm payment entitlement | 5 years straight line

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

S A Mossop (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

The basis of valuation is as follows:
Raw materials and consumables are stated at the lower of the cost or net realisable value.
Tenantright is calculated using actual costs incurred.
Produce on hand is valued at estimated cost of production.
The basis of valuation is consistent with previous years.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

S A Mossop (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 8 (2024 - 9).

S A Mossop (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 6 April 2024 | 3,071,508 | 55,121 | 1,578,632 | 1,851 | 188,508 | 4,895,620
Additions | 102,891 | - | 59,337 | - | 80,372 | 242,600
Disposals | - | - | - | - | (45,250) | (45,250)
At 5 April 2025 | 3,174,399 | 55,121 | 1,637,969 | 1,851 | 223,630 | 5,092,970
Depreciation
At 6 April 2024 | 388,643 | 46,133 | 736,277 | 1,820 | 101,907 | 1,274,780
Charge for the year | 15,684 | 2,249 | 165,936 | 10 | 25,594 | 209,473
Eliminated on disposal | - | - | - | - | (19,521) | (19,521)
At 5 April 2025 | 404,327 | 48,382 | 902,213 | 1,830 | 107,980 | 1,464,732
Carrying amount
At 5 April 2025 | 2,770,072 | 6,739 | 735,756 | 21 | 115,650 | 3,628,238
At 5 April 2024 | 2,682,866 | 8,988 | 842,353 | 31 | 86,601 | 3,620,839

S A Mossop (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

5 | Investments

| 2025 £ | 2024 £
Other investments | 3,561 | 3,561

6 | Stocks

| 2025 £ | 2024 £
Raw materials and consumables | 38,096 | 131,688
Tenantright | 374,114 | 341,663
Other inventories | 272,946 | 721,538
| 685,156 | 1,194,889

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 367,670 | 284,714
Prepayments and accrued income | 73,977 | 105,889
Other debtors | 45,815 | 23,422
| 487,462 | 414,025

S A Mossop (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans | 9 | 18,681 | 17,208
Trade creditors |  | 346,470 | 249,807
Taxation and social security |  | 11,225 | 71,366
Accruals and deferred income |  | 133,446 | 80,576
Other creditors |  | 90,027 | 71,127
|  | 599,849 | 490,084

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Bank loans | 9 | 2,617,116 | 2,657,585
Other borrowings |  | 46,835 | 117,359
|  | 2,663,951 | 2,774,944

| 2025 £ | 2024 £
Due after more than five years |  |
After more than five years by instalments | 528,032 | 554,796
After more than five years not by instalments | 2,000,000 | 2,021,238
| 2,528,032 | 2,576,034

Creditor amounts falling due within one year on which security has been given includes bank loans of £18,681 (2024 - £17,208) and finance lease liabilities of £88,024 (2024 - £69,365).
Creditor amounts falling due after one year on which security has been given includes bank loans of £2,617,116 (2024 - £2,662,186) and finance lease liabilities of £46,835 (2024 - £117,359).
The bank loans and finance lease liabilities are secured by charges over the company's assets.

S A Mossop (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 2,617,116 | 2,657,585
Hire purchase contracts | 46,835 | 117,359
| 2,663,951 | 2,774,944

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 18,681 | 17,208
Hire purchase contracts | 88,024 | 69,365
| 106,705 | 86,573

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 11,600 | 11,600 | 11,600 | 11,600
Ordinary A shares of £1 each | 4,300 | 4,300 | 4,300 | 4,300
| 15,900 | 15,900 | 15,900 | 15,900

11 | Related party transactions

Transactions with Directors

2025 |  | At 6 April 2024 | Advances to directors | Repayments by director | At 5 April 2025
Directors' interest free loan accounts - no formal repayment terms | 7,373 | 8,302 | (6,999) | 8,676
2024 |  | At 6 April 2023 | Advances to directors | Repayments by director | At 5 April 2024
Directors' interest free loan accounts - no formal repayment terms | 11,185 | 9,188 | (13,000) | 7,373

S A Mossop (Farms) Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Expenditure with and payables to related parties

2025 | Key management £
Leases | 21,500

2024 | Key management £
Leases | 21,500