Company registration number SC394138 (Scotland)
AP AGRI LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
AP AGRI LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
AP AGRI LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2026
28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,455
4,455
Tangible assets
4
1,533,007
969,783
Investments
5
347,513
347,513
1,884,975
1,321,751
Current assets
Stocks
10,571
14,247
Debtors
6
260,800
223,151
Cash at bank and in hand
126,911
21,327
398,282
258,725
Creditors: amounts falling due within one year
7
(900,639)
(687,255)
Net current liabilities
(502,357)
(428,530)
Total assets less current liabilities
1,382,618
893,221
Creditors: amounts falling due after more than one year
8
(753,224)
(360,166)
Provisions for liabilities
(26,039)
(15,645)
Net assets
603,355
517,410
Capital and reserves
Called up share capital
10
100
100
Profit and loss reserves
603,255
517,310
Total equity
603,355
517,410
AP AGRI LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2026
28 February 2026
- 2 -

For the financial year ended 28 February 2026 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 director acknowledges his 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.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

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

The financial statements were approved and signed by the director and authorised for issue on 4 May 2026
Mr A Peacock
Director
Company registration number SC394138 (Scotland)
AP AGRI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 3 -
1
Accounting policies
Company information

AP Agri Limited is a private company limited by shares incorporated in Scotland. The registered office is Low Bargenoch, COYLTON, Ayrshire, KA6 6HE.

1.1
Accounting convention

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
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Entitlements
No amortisation in year
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation
Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
33% on reducing balance
Motor vehicles
25% on reducing balance
AP AGRI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.6
Taxation

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

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:

2026
2025
Number
Number
Total
3
3
AP AGRI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 5 -
3
Intangible fixed assets
Total
£
Cost
At 1 March 2025 and 28 February 2026
4,455
Amortisation and impairment
At 1 March 2025 and 28 February 2026
-
0
Carrying amount
At 28 February 2026
4,455
At 28 February 2025
4,455
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 March 2025
883,478
44,782
770
3,796
89,658
1,022,484
Additions
551,586
32,550
744
475
-
0
585,355
At 28 February 2026
1,435,064
77,332
1,514
4,271
89,658
1,607,839
Depreciation and impairment
At 1 March 2025
-
0
19,169
737
2,244
30,551
52,701
Depreciation charged in the year
-
0
8,246
24
551
13,310
22,131
At 28 February 2026
-
0
27,415
761
2,795
43,861
74,832
Carrying amount
At 28 February 2026
1,435,064
49,917
753
1,476
45,797
1,533,007
At 28 February 2025
883,478
25,613
33
1,552
59,107
969,783
5
Fixed asset investments
2026
2025
£
£
Other investments other than loans
347,513
347,513
AP AGRI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 6 -
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
-
0
9,151
Other debtors
260,800
214,000
260,800
223,151
7
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
9
3,766
14,952
Obligations under finance leases
15,152
18,859
Other borrowings
9
752,566
534,997
Trade creditors
72,609
66,762
Corporation tax
28,230
20,499
Other taxation and social security
26,499
31,186
Other creditors
1,817
-
0
900,639
687,255
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
9
751,946
343,702
Obligations under finance leases
1,278
16,464
753,224
360,166
9
Loans and overdrafts
2026
2025
£
£
Bank loans
755,712
358,654
Other loans
752,566
534,997
1,508,278
893,651
Payable within one year
756,332
549,949
Payable after one year
751,946
343,702
AP AGRI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
9
Loans and overdrafts
(Continued)
- 7 -

Oxbury Bank PLC hold a floating charge, which contains a negative pledge, covering the property owned by the company.

Oxbury Bank PLC hold a fixed charge, which contains a negative pledge, covering the ground at Bargenoch Farm.

10
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
11
Related party transactions

Included in other debtors are amounts due from a related company, totalling £259,800. This loan was made on an interest-free basis with no set repayment terms.

12
Directors' transactions

Included in other creditors is an amount owed by the company to the director, totalling to £752,566 (2025: £534,997). This loan was made on an interest-free basis with no set repayment terms.

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