MACARTHUR AGRICULTURE LTD


Director	MACARTHUR, Andrew John Wyllie


Registered Address	James Watson House Montgomery Way
	Rosehill
	Carlisle
	CA1 2UU


Registered Number	14936743 (England and Wales)

Statement of Financial Position
30 September 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		40,185		48,300
Investment property	4		1,788,364		1,788,364
			1,828,549		1,836,664
Current assets
Debtors	5	127,808		130,705
Cash at bank and on hand		18,145		940
		145,953		131,645
Creditors amounts falling due within one year	6	(592,504)		(575,383)
Net current assets (liabilities)			(446,551)		(443,738)
Total assets less current liabilities			1,381,998		1,392,926
Creditors amounts falling due after one year	7		(1,359,735)		(1,381,050)
Provisions for liabilities	8		-		(12,075)
Net assets			22,263		(199)
Capital and reserves
Called up share capital			50		50
Profit and loss account			22,213		(249)
Shareholders' funds			22,263		(199)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 12 March 2026, and are signed on its behalf by:

MACARTHUR, Andrew John Wyllie
Director
Registered Company No. 14936743

MACARTHUR AGRICULTURE LTD

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The principal activity of the company is that of leasing of commercial property and land, farming, agistment of sheep and dog kennels.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Going concern
	At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover policy
	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 and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	5.5

	Investment property
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 October 24	52,006	52,006
Additions	1,794	1,794
At 30 September 25	53,800	53,800
Depreciation and impairment
At 01 October 24	3,706	3,706
Charge for year	9,909	9,909
At 30 September 25	13,615	13,615
Net book value
At 30 September 25	40,185	40,185
At 30 September 24	48,300	48,300

4.	Investment property
	The 2025 valuations were made by the director on an open market value, for existing new basis.


		£
	Fair value at 01 October 24	1,788,364
	At 30 September 25	1,788,364

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	1,284
Other debtors	127,808	129,421
Total	127,808	130,705

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	21,315	-
Taxation and social security	7,527	5,806
Other creditors	561,038	565,977
Accrued liabilities and deferred income	2,624	3,600
Total	592,504	575,383


	Secured Loans Bank Loan amounts of £1,381,050.00 are secured over a legal mortgage over the land and property, cross guarantee with other related companies and a personal guarantee.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,359,735	1,381,050
Total	1,359,735	1,381,050

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	-	12,075
Total	-	12,075

9.	Related party transactions
	During the period the company received rental income of £76,500 (2024 - £104,000) from Veterinary Immunogenics Limited, a company which the director has a common interest. During the period the company received rental income of £nil (2024 - £40,000) from Teviot Technologies USA Inc., a company which the director has a common interest. Included within other creditors is an amount of £97,643 (2024 - £97,643) due to Teviot Technologies USA Inc, a company in which the director has a common interest. This amount is unsecured, interest free and has no fixed terms of repayment. Included within debtors is an amount of £127,808 (2024 - £129,381) due from Veterinary Immunogenics Limited, a company in which the director has a common interest. This amount is unsecured, interest free and has no fixed terms of repayment.

Related party transactions

During the period the company received rental income of £76,500 (2024 - £104,000) from Veterinary Immunogenics Limited, a company which the director has a common interest.

During the period the company received rental income of £nil (2024 - £40,000) from Teviot Technologies USA Inc., a company which the director has a common interest.

Included within other creditors is an amount of £97,643 (2024 - £97,643) due to Teviot Technologies USA Inc, a company in which the director has a common interest. This amount is unsecured, interest free and has no fixed terms of repayment.

Included within debtors is an amount of £127,808 (2024 - £129,381) due from Veterinary Immunogenics Limited, a company in which the director has a common interest. This amount is unsecured, interest free and has no fixed terms of repayment.

10.	Change in reporting period and impact on comparability
	The comparative figures for the financial period ended 30 September 2024 are not directly comparable with those of the current financial period, as the prior period covered a long accounting period of 16 months, whereas the current financial period covers 12 months.