| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2026 |
| for |
| TUPLIN AND SON (FARMERS AND PRODUCE |
| MERCHANTS) LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2026 |
| for |
| TUPLIN AND SON (FARMERS AND PRODUCE |
| MERCHANTS) LIMITED |
| TUPLIN AND SON (FARMERS AND PRODUCE |
| MERCHANTS) LIMITED (REGISTERED NUMBER: 01242295) |
| Contents of the Financial Statements |
| for the year ended 31 March 2026 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| TUPLIN AND SON (FARMERS AND PRODUCE |
| MERCHANTS) LIMITED |
| Company Information |
| for the year ended 31 March 2026 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 23 Algitha Road |
| Skegness |
| United Kingdom |
| PE25 2AG |
| TUPLIN AND SON (FARMERS AND PRODUCE |
| MERCHANTS) LIMITED (REGISTERED NUMBER: 01242295) |
| Statement of Financial Position |
| 31 March 2026 |
| 2026 | 2025 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital | 8 |
| Share premium | 9 |
| Revaluation reserve | 9 |
| Retained earnings | 9 |
| Shareholders' funds |
| TUPLIN AND SON (FARMERS AND PRODUCE |
| MERCHANTS) LIMITED (REGISTERED NUMBER: 01242295) |
| Statement of Financial Position - continued |
| 31 March 2026 |
| 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 were approved by the Board of Directors and authorised for issue on |
| TUPLIN AND SON (FARMERS AND PRODUCE |
| MERCHANTS) LIMITED (REGISTERED NUMBER: 01242295) |
| Notes to the Financial Statements |
| for the year ended 31 March 2026 |
| 1. | Statutory information |
| Tuplin And Son (Farmers And Produce Merchants) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Freehold land | - |
| Freehold property | - |
| Plant and machinery | - |
| Office equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate. |
| Single farm payment |
| Single farm payment is recognised in the financial statements in accordance with current H M Revenue and Customs guidance. |
| TUPLIN AND SON (FARMERS AND PRODUCE |
| MERCHANTS) LIMITED (REGISTERED NUMBER: 01242295) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2026 |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Freehold | Freehold | Plant and | Office |
| land | property | machinery | equipment | Totals |
| £ | £ | £ | £ | £ |
| Cost or valuation |
| At 1 April 2025 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2026 |
| Depreciation |
| At 1 April 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2026 |
| Net book value |
| At 31 March 2026 |
| At 31 March 2025 |
| The company farm land was revalued at a current market value of £848,153 the original cost value of the land was £265,855. |
| The company own Agricultural Buildings that have a nil value on the company's balance sheet. |
| The original cost of the buildings was £208,182 with a revaluation figure of £38,690.The revaluation is included in the company's reserves. |
| Cost or valuation at 31 March 2026 is represented by: |
| Freehold | Freehold | Plant and | Office |
| land | property | machinery | equipment | Totals |
| £ | £ | £ | £ | £ |
| Valuation in 2001 | 26,889 | - | - | - | 26,889 |
| Valuation in 2019 | 595,304 | - | - | - | 595,304 |
| Valuation in 2020 | (39,895 | ) | - | - | - | (39,895 | ) |
| Cost | 265,855 | 75,000 | 55,798 | 32,510 | 429,163 |
| 848,153 | 75,000 | 55,798 | 32,510 | 1,011,461 |
| TUPLIN AND SON (FARMERS AND PRODUCE |
| MERCHANTS) LIMITED (REGISTERED NUMBER: 01242295) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2026 |
| 4. | Tangible fixed assets - continued |
| If freehold land and property had not been revalued it would have been included at the following historical cost: |
| 2026 | 2025 |
| £ | £ |
| Cost | 352,469 | 352,469 |
| Aggregate depreciation | 42,000 | 42,000 |
| Value of land in freehold land and buildings | 310,469 | 310,469 |
| Freehold land and property were valued on an open market basis basis on 5 March 2018 by Savills Valuers Doddington Road Lincoln . |
| 5. | Stocks |
| 2026 | 2025 |
| £ | £ |
| Valuation | 61 | 298 |
| 6. | Debtors: amounts falling due within one year |
| 2026 | 2025 |
| £ | £ |
| The estate of Mr K N Tuplin |
| VAT |
| Prepayments |
| 7. | Creditors: amounts falling due within one year |
| 2026 | 2025 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| VAT | - | 100 |
| Other creditors |
| Directors' current accounts | 512 | 405 |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2026 | 2025 |
| value: | £ | £ |
| Ordinary | £1 | 40,002 | 40,002 |
| TUPLIN AND SON (FARMERS AND PRODUCE |
| MERCHANTS) LIMITED (REGISTERED NUMBER: 01242295) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2026 |
| 9. | Reserves |
| Retained | Share | Revaluation |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1 April 2025 | 1,054,404 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 March 2026 | 1,046,817 |