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REGISTERED NUMBER: 04254798 (England and Wales)

Financial Statements for the Year Ended 31st May 2025

for

PJR (Mile House) Limited

PJR (Mile House) Limited (Registered number: 04254798)

Contents of the Financial Statements

for the year ended 31st May 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

PJR (Mile House) Limited

Company Information

for the year ended 31st May 2025

| DIRECTORS: | R.A. Rowbottom

| R.E.M. Rowbottom

| M.J. Rowbottom

| REGISTERED OFFICE: | Plowlands Farm

| Patrington Road

| Welwick

| HU12 0RU

| REGISTERED NUMBER: | 04254798 (England and Wales)

| ACCOUNTANTS: | Smailes Goldie Limited

| Chartered Accountants

| Regent's Court

| Princess Street

| Hull

| East Yorkshire

| HU2 8BA

PJR (Mile House) Limited (Registered number: 04254798)

Balance Sheet

31st May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,123,700 |  | 1,089,342 |  |

CURRENT ASSETS

Stocks | 297,291 |  | 292,650 |  |

Debtors | 5 | 690,199 |  | 1,645,633 |  |

Cash at bank | - |  | 98,339 |  |

987,490 |  | 2,036,622 |  |

CREDITORS

Amounts falling due within one year | 6 | 810,695 |  | 784,655 |  |

NET CURRENT ASSETS | 176,795 |  | 1,251,967 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,300,495 |  | 2,341,309 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (371,009 | ) | (1,160,643 | ) |

PROVISIONS FOR LIABILITIES | (166,398 | ) | (147,005 | ) |

NET ASSETS | 763,088 |  | 1,033,661 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 763,086 |  | 1,033,659 |  |

SHAREHOLDERS' FUNDS | 763,088 |  | 1,033,661 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

PJR (Mile House) Limited (Registered number: 04254798)

Balance Sheet - continued

31st May 2025

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd December 2025 and were signed on its behalf by:

R.A. Rowbottom - Director

PJR (Mile House) Limited (Registered number: 04254798)

Notes to the Financial Statements

for the year ended 31st May 2025

1. | STATUTORY INFORMATION

| PJR (Mile House) Limited 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

| The financial statements have been prepared in accordance with applicable accounting standards including Section 1A of Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

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

| Turnover

| Turnover represents income derived from the sale of arable crops, Basic Payment Scheme and contract work income. Turnover is reconsidered net of VAT on an accruals basis during the period in which it is sold.

| Intangible assets

| Basic payment scheme entitlements are initially recognised at cost and are amortised on a straight line basis over their expected useful life. At the reporting date, the expected useful life is 8 years, reflecting the 8 year period of benefit to be received via the Basic Payment Scheme. The Basic Payment Scheme commenced in 2015 and the cessation year was 2022.

| Fixed assets

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Depreciation

| Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over the expected useful lives.

| The annual rates used are as follows:

| Plant & machinery |  | 15% on cost |  |

| Tractors |  | 20% on cost |  |

| Motor vehicles |  | 20% on cost |  |

| Stocks

| Stocks, including biological assets, are stated at the lower of cost and net realisable value. Cost is determined using the first-in, first-out (FIFO) method and represents costs incurred to date to bring growing crops and finished produce to its current state. Net realisable value is estimated selling price in the ordinary course of business, less applicable variable selling expenses.

PJR (Mile House) Limited (Registered number: 04254798)

Notes to the Financial Statements - continued

for the year ended 31st May 2025

2. | ACCOUNTING POLICIES - continued

| Current & deferred tax

| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current and past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| 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 and other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase agreements

| Tangible fixed assets acquired under hire purchase agreements are capitalised at the estimated fair value at the date of inception of each contract. The finance charges are allocated over the period of the contract in accordance with the straight line method.

| Loans and borrowings

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

| Provisions

| Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 4 ) .

PJR (Mile House) Limited (Registered number: 04254798)

Notes to the Financial Statements - continued

for the year ended 31st May 2025

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |

| property |  | machinery |  | Tractors |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1st June 2024 | 381,462 |  | 710,694 |  | 554,300 |  | 59,673 |  | 1,706,129 |  |

| Additions | - |  | 154,118 |  | - |  | - |  | 154,118 |  |

| Disposals | - |  | (54,750 | ) | - |  | - |  | (54,750 | ) |

| At 31st May 2025 | 381,462 |  | 810,062 |  | 554,300 |  | 59,673 |  | 1,805,497 |  |

| DEPRECIATION

| At 1st June 2024 | - |  | 275,271 |  | 306,755 |  | 34,761 |  | 616,787 |  |

| Charge for year | - |  | 86,010 |  | 18,968 |  | 4,782 |  | 109,760 |  |

| Eliminated on disposal | - |  | (44,750 | ) | - |  | - |  | (44,750 | ) |

| At 31st May 2025 | - |  | 316,531 |  | 325,723 |  | 39,543 |  | 681,797 |  |

| NET BOOK VALUE

| At 31st May 2025 | 381,462 |  | 493,531 |  | 228,577 |  | 20,130 |  | 1,123,700 |  |

| At 31st May 2024 | 381,462 |  | 435,423 |  | 247,545 |  | 24,912 |  | 1,089,342 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 36,162 |  | 64,395 |  |

| Other debtors | 616,159 |  | 1,571,115 |  |

| Tax | 26,991 |  | - |  |

| VAT | 10,887 |  | 8,643 |  |

| Prepayments and accrued income | - |  | 1,480 |  |

690,199 |  | 1,645,633 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 179,709 |  | 86,504 |  |

| Other loans | 10,000 |  | 10,000 |  |

| Hire purchase contracts | 39,833 |  | 60,575 |  |

| Trade creditors | 172,548 |  | 144,625 |  |

| Amounts owed to group undertakings | 382,517 |  | 382,517 |  |

| Tax | - |  | 65,268 |  |

| Social security and other taxes | 1,476 |  | 628 |  |

| Accruals and deferred income | 24,110 |  | 34,036 |  |

| Deferred government grants | 502 |  | 502 |  |

810,695 |  | 784,655 |  |

PJR (Mile House) Limited (Registered number: 04254798)

Notes to the Financial Statements - continued

for the year ended 31st May 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-5 years | 169,491 |  | 507,142 |  |

| Bank loans over 5 years | 174,715 |  | 610,738 |  |

| Other loans - 1-5 years | 5,276 |  | 15,276 |  |

| Hire purchase contracts | 15,500 |  | 20,958 |  |

| Deferred government grants | 6,027 |  | 6,529 |  |

371,009 |  | 1,160,643 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans over 5 years | 174,715 |  | 610,738 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 381,809 |  | 1,204,384 |  |

| The company took out a loan for £355,000 from Yorkshire Bank during the year ended 31 May 2024. The loan is secured on land owned by a director and is repayable over a period of 10 years. Interest is chargeable at 2.35% over the base rate of Yorkshire Bank. The balance on the loan at 31 May 2025 is £330,268.

9. | RELATED PARTY DISCLOSURES

| Entities with control, joint control or significant influence over the entity

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Loans due to related parties |  | 382,517 |  | 382,517 |  |

| Key management personnel of the entity or its parent (in the aggregate)

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Directors remuneration and other benefits etc |  | 38,433 |  | 36,439 |  |