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Registered number: 00705283
Z. Munter (Farms) Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 00705283
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,149,044 5,253,644
Investment Properties 5 1,245,389 997,500
Investments 6 - 200
6,394,433 6,251,344
CURRENT ASSETS
Stocks 7 610,897 593,989
Debtors 8 47,542 149,426
658,439 743,415
Creditors: Amounts Falling Due Within One Year 9 (1,117,049 ) (860,840 )
NET CURRENT ASSETS (LIABILITIES) (458,610 ) (117,425 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,935,823 6,133,919
Creditors: Amounts Falling Due After More Than One Year 10 (1,758,359 ) (3,286,379 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (42,515 ) (38,866 )
NET ASSETS 4,134,949 2,808,674
CAPITAL AND RESERVES
Called up share capital 12 100,000 100,000
Profit and Loss Account 4,034,949 2,708,674
SHAREHOLDERS' FUNDS 4,134,949 2,808,674
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
L Munter
Director
7 January 2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Z. Munter (Farms) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00705283 . The registered office is Manor Farm, Bedingfield, Suffolk, IP23 7QD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold not provided
Leasehold 5% on a straight line basis
Plant & Machinery 25% on reducing balance
Motor Vehicles 15% on reducing balance
2.4. Investment Properties
Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.

Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 9)
9 9
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £ £
Cost or Valuation
As at 1 April 2024 4,087,002 357,311 2,532,523 163,632 7,140,468
Additions - - 138,500 - 138,500
Disposals - - (110,900 ) - (110,900 )
As at 31 March 2025 4,087,002 357,311 2,560,123 163,632 7,168,068
...CONTINUED
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Depreciation
As at 1 April 2024 - 298,708 1,496,581 91,535 1,886,824
Provided during the period - 3,256 192,125 10,814 206,195
Disposals - - (73,995 ) - (73,995 )
As at 31 March 2025 - 301,964 1,614,711 102,349 2,019,024
Net Book Value
As at 31 March 2025 4,087,002 55,347 945,412 61,283 5,149,044
As at 1 April 2024 4,087,002 58,603 1,035,942 72,097 5,253,644
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Plant & Machinery 579,723 618,383
Motor Vehicles - 14,733
579,723 633,116
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 997,500
Additions 20,046
Disposals (231,623 )
Revaluations 459,466
As at 31 March 2025 1,245,389
The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe the their valuation would not be materially different from the professional valuation.
6. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 200
Disposals (200 )
As at 31 March 2025 -
...CONTINUED
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Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 200
7. Stocks
2025 2024
£ £
Crops 367,736 286,816
Feedstuffs 167,603 195,563
Fuel 75,558 111,610
610,897 593,989
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 38,803 78,691
Other debtors 8,739 70,735
47,542 149,426
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 160,303 142,817
Trade creditors 132,192 183,439
Bank loans and overdrafts 490,562 469,609
Other creditors 326,329 55,824
Taxation and social security 7,663 9,151
1,117,049 860,840
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 122,483 246,487
Bank loans 1,635,876 3,039,892
1,758,359 3,286,379
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11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 160,303 142,817
Later than one year and not later than five years 122,483 246,487
282,786 389,304
282,786 389,304
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100,000 100,000
13. Related Party Transactions
Included in other creditors are amounts owed to the directors of £235,505 (2024: amounts owed by the directors of £38,101).  
14. Ultimate Controlling Party
The company's ultimate controlling party is the Munter family.  
15. Secured Debts
The bank overdraft and loans are secured on the freehold deeds to the farm house and land at Wetheringsett Hall, Thorndon Hill, part of Grove Farm, Occold, part of Pages Green Farm, Wetheringsett, land at Hestley Hall, Thorndon and land at Bedingfield Farm, Suffolk.  
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