Company registration number 03349305 (England and Wales)
CHARLES MAKIN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
CHARLES MAKIN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
CHARLES MAKIN LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
3
1,049,391
1,242,531
Current assets
Stocks
57,594
45,333
Debtors
4
48,373
29,832
Cash at bank and in hand
14,140
-
0
120,107
75,165
Creditors: amounts falling due within one year
5
(198,906)
(255,421)
Net current liabilities
(78,799)
(180,256)
Total assets less current liabilities
970,592
1,062,275
Creditors: amounts falling due after more than one year
6
(249,494)
(352,399)
Provisions for liabilities
(1,927)
(3,483)
Net assets
719,171
706,393
Capital and reserves
Called up share capital
607,652
607,652
Profit and loss reserves
111,519
98,741
Total equity
719,171
706,393
CHARLES MAKIN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2025
31 October 2025
- 2 -

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 April 2026 and are signed on its behalf by:
............................................................
Mr C Makin
Director
Company registration number 03349305 (England and Wales)
CHARLES MAKIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
1
Accounting policies
Company information

Charles Makin 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.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue represents sales of crops, rental of agricultural land, subsidies due and contracting work done.

1.4
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property
None
Plant and machinery
25% on cost, 10% on cost and 5% on cost
Computer
25% on cost
Motor
25% on cost and 10% on cost
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CHARLES MAKIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Freehold property
Plant and machinery
Computer
Motor
Total
£
£
£
£
£
Cost
At 1 November 2024
1,225,946
115,049
1,308
68,600
1,410,903
Disposals
(184,263)
-
0
-
0
-
0
(184,263)
At 31 October 2025
1,041,683
115,049
1,308
68,600
1,226,640
Depreciation and impairment
At 1 November 2024
-
0
98,614
1,308
68,450
168,372
Depreciation charged in the year
-
0
8,727
-
0
150
8,877
At 31 October 2025
-
0
107,341
1,308
68,600
177,249
CHARLES MAKIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
3
Tangible fixed assets
Freehold property
Plant and machinery
Computer
Motor
Total
£
£
£
£
£
(Continued)
- 5 -
Carrying amount
At 31 October 2025
1,041,683
7,708
-
0
-
0
1,049,391
At 31 October 2024
1,225,946
16,435
-
0
150
1,242,531
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
42,766
24,578
Other debtors
3,305
3,026
Prepayments and accrued income
2,302
2,228
48,373
29,832
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
82,354
Trade creditors
8,135
20,684
Corporation tax
219
(2,112)
Other taxation and social security
172
23
Other creditors
190,380
154,472
198,906
255,421
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
249,494
352,399
CHARLES MAKIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 6 -
7
Loans and overdrafts
2025
2024
£
£
Bank overdrafts
-
0
82,354
Other loans
287,379
379,799
287,379
462,153
Payable within one year
37,885
109,754
Payable after one year
249,494
352,399

The bank borrowings are secured on the company's freehold property.

8
Directors' transactions

Dividends totalling £0 (2024 - £2,000) were paid in the year in respect of shares held by the company's director.

9
Ultimate controlling party

The controlling party is Mr H Makin.

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