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REGISTERED NUMBER: 04983510 (England and Wales)

Mitchell Agricultural Services Ltd

Unaudited Financial Statements

for the Year Ended 31st May 2025

| Mitchell Agricultural Services Ltd (Registered number: 04983510) |

Contents of the Financial Statements

for the year ended 31st May 2025

| Page |

| Company information | 1 |

| Balance sheet | 2 |  | to |  | 3

| Notes to the financial statements | 4 |  | to |  | 6

| Mitchell Agricultural Services Ltd |

Company Information

for the year ended 31st May 2025

| Directors: | I G A Mitchell

| Mrs B J Mitchell

| Secretary: | Mrs B J Mitchell

| Registered office: | Mount Pleasant

| Longridge

| Berwick-upon-Tweed

| Northumberland

| TD15 2XQ

| Registered number: | 04983510 (England and Wales)

| Accountants: | Rennie Welch LLP

| Academy House

| Shedden Park Road

| Kelso

| Roxburghshire

| TD5 7AL

| Mitchell Agricultural Services Ltd (Registered number: 04983510) |

Balance Sheet

31st May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Investment property | 4 | 166,158 |  | 166,158 |  |

Current assets

Debtors | 5 | 970 |  | 3,864 |  |

Investments | 6 | 1,077,518 |  | 1,073,136 |  |

Cash at bank and in hand | 216,278 |  | 179,857 |  |

1,294,766 |  | 1,256,857 |  |

Creditors

Amounts falling due within one year | 7 | 10,559 |  | 4,209 |  |

Net current assets | 1,284,207 |  | 1,252,648 |  |

Total assets less current liabilities | 1,450,365 |  | 1,418,806 |  |

Provisions for liabilities | 38,779 |  | 39,189 |  |

Net assets | 1,411,586 |  | 1,379,617 |  |

Capital and reserves

Called up share capital | 200 |  | 200 |  |

Retained earnings | 8 | 1,411,386 |  | 1,379,417 |  |

Shareholders' funds | 1,411,586 |  | 1,379,617 |  |

| Mitchell Agricultural Services Ltd (Registered number: 04983510) |

Balance Sheet - continued

31st May 2025

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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th February 2026 and were signed on its behalf by:

Mrs B J Mitchell - Director

I G A Mitchell - Director

| Mitchell Agricultural Services Ltd (Registered number: 04983510) |

Notes to the Financial Statements

for the year ended 31st May 2025

1. | Statutory information

| Mitchell Agricultural Services 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents the total invoice value, excluding value added tax, of sales made during the year, or the fair value of services provided for amounts not invoiced at the year end.

| Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership are passed to the buyer. Turnover arising from the provision of consultancy and secretarial services is recognised as contract activity progresses and the right to consideration is earned.

| Investment property

| Investment properties are initially measured at cost. They are subsequently measured at the most recent valuation as carried out by the directors. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

| No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Such properties are held for their investment potential and not for consumption within the business. This is a departure from the Companies Act 2006 which requires all properties to be depreciated and the directors consider that to depreciate them would not enable the financial statements to give a true and fair view. Investment properties are stated at their market value at the balance sheet date.

| Financial instruments

| The following assets and liabilities are classified as financial instruments - trade debtors and accruals.

| Trade debtors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| Mitchell Agricultural Services Ltd (Registered number: 04983510) |

Notes to the Financial Statements - continued

for the year ended 31st May 2025

2. | Accounting policies - continued

| 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.

| Provisions

| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

| Current asset investments

| Current asset investments are initially measured at fair value. At the end of the reporting period the current asset investments are measured at fair value with changes being recorded through the profit and loss account.

| Going concern

| The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. | Employees and directors

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

4. | Investment property

| Total

£ |

| Fair value

| At 1st June 2024

| and 31st May 2025 | 166,158 |  |

| Net book value

| At 31st May 2025 | 166,158 |  |

| At 31st May 2024 | 166,158 |  |

5. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Trade debtors | 624 |  | 3,339 |  |

| Other debtors | 346 |  | 525 |  |

970 |  | 3,864 |  |

| Mitchell Agricultural Services Ltd (Registered number: 04983510) |

Notes to the Financial Statements - continued

for the year ended 31st May 2025

6. | Current asset investments

2025 | 2024 |

£ | £ |

| Listed investments | 1,077,518 |  | 1,073,136 |  |

7. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Taxation and social security | 3,081 |  | 2,696 |  |

| Other creditors | 7,478 |  | 1,513 |  |

10,559 |  | 4,209 |  |

8. | Reserves

| Included within retained earnings are non-distributable reserves of £165,321 (2024 - £167,067).