| Philip Green Agriculture Limited |
| Registered number: |
11801847 |
| Balance Sheet |
| as at 30 September 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
76,038 |
|
|
24,831 |
|
| Current assets |
| Stocks |
|
|
25,672 |
|
|
28,630 |
| Debtors |
4 |
|
6,178 |
|
|
3,526 |
| Cash at bank and in hand |
|
|
27,251 |
|
|
23,132 |
|
|
|
59,101 |
|
|
55,288 |
|
| Creditors: amounts falling due within one year |
5 |
|
(54,710) |
|
|
(28,983) |
|
| Net current assets |
|
|
|
4,391 |
|
|
26,305 |
|
| Total assets less current liabilities |
|
|
|
80,429 |
|
|
51,136 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(100,000) |
|
|
(100,000) |
|
| Provisions for liabilities |
|
|
|
(939) |
|
|
- |
|
|
| Net liabilities |
|
|
|
(20,510) |
|
|
(48,864) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
200 |
|
|
200 |
| Profit and loss account |
|
|
|
(20,710) |
|
|
(49,064) |
|
| Shareholders' funds |
|
|
|
(20,510) |
|
|
(48,864) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Philip Green |
C Green |
| Director |
Director |
| Approved by the board on 15 January 2026 |
Approved by the board on 15 January 2026 |
|
| Philip Green Agriculture Limited |
| Notes to the Accounts |
| for the year ended 30 September 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Going concern |
|
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the forseeable future. The validity of this assumption depends upon an improvement in the company's trading position and continued financial support from its directors and shareholders. The financial statements do not include any adjustments that would arise if such support is not continuing. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
15% - 25 % reducing balance |
|
Fixtures, fittings, tools and equipment |
15% reducing balance |
|
|
Stocks |
|
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 October 2024 |
33,451 |
|
Additions |
61,000 |
|
Disposals |
(6,000) |
|
At 30 September 2025 |
88,451 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2024 |
8,620 |
|
Charge for the year |
5,199 |
|
On disposals |
(1,406) |
|
At 30 September 2025 |
12,413 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2025 |
76,038 |
|
At 30 September 2024 |
24,831 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
5,510 |
|
2,724 |
|
Other debtors |
668 |
|
802 |
|
|
|
|
|
|
6,178 |
|
3,526 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
2,634 |
|
1,622 |
|
Taxation and social security costs |
12 |
|
- |
|
Other creditors |
52,064 |
|
27,361 |
|
|
|
|
|
|
54,710 |
|
28,983 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
100,000 |
|
100,000 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
Included within other creditors due within one year is a balance due to the directors of the company, of £50,615 (2024: £8,825). This balance is unsecured, interest free and repayable on demand.
Included within other creditors due in more than one year is a balance due to a director of the company of £100,000 (2024: £100,000). This balance is unsecured and interest free. |
|
|
| 8 |
Other information |
|
|
Philip Green Agriculture Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
227 Cotton End Farm |
|
Wilstead |
|
Bedford |
|
England |
|
MK45 3DR |