REGISTERED NUMBER: 00506757 (England and Wales)

R.G. SIMPSON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2026

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

M T Simpson

J R Simpson

REGISTERED OFFICE:

Yew Tree Cottage

Sudbrook Heath

Ancaster

Grantham

Lincolnshire

NG32 3RJ

REGISTERED NUMBER:

00506757 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

FIXED ASSETS

Tangible assets

4

2,476,081

2,485,588

CURRENT ASSETS

Valuation

37,187

53,831

Debtors

5

24,867

17,156

Cash at bank

54,809

82,962

116,863

153,949

CREDITORS

Amounts falling due within one year

6

108,658

133,539

NET CURRENT ASSETS

8,205

20,410

TOTAL ASSETS LESS CURRENT LIABILITIES

2,484,286

2,505,998

CREDITORS

Amounts falling due after more than one year

7

(200,017

)

(208,607

)

PROVISIONS FOR LIABILITIES

(6,680

)

(7,675

)

NET ASSETS

2,277,589

2,289,716

CAPITAL AND RESERVES

Called up share capital

9

10,000

10,000

Retained earnings

2,267,589

2,279,716

SHAREHOLDERS' FUNDS

2,277,589

2,289,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2026 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 29 July 2026 and were signed on its behalf by:

M T Simpson - Director

J R Simpson - Director

1.	STATUTORY INFORMATION

R.G. Simpson 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 net invoiced sales of produce and contracting services, excluding value added tax, and includes the Basic Farm Payment and environmental subsidies.

Sales of produce are recognised upon despatch. Revenue from contracting services is recognised when the service is performed.

The Basic Farm Payment is recognised in the financial statements in accordance with current H. M. Revenue & Customs guidance.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on reducing balance

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Valuation

A professional valuation is carried out each year by an independent agricultural valuer. The valuation is prepared in accordance with FRS102 and is valued at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving items. Costs include any cost of production incurred to bring the stock to its state at the balance sheet date.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 6 April 2025

2,511,173

269,222

2,780,395

Additions

-

314

314

At 5 April 2026

2,511,173

269,536

2,780,709

DEPRECIATION

At 6 April 2025

48,729

246,078

294,807

Charge for year

6,244

3,577

9,821

At 5 April 2026

54,973

249,655

304,628

NET BOOK VALUE

At 5 April 2026

2,456,200

19,881

2,476,081

At 5 April 2025

2,462,444

23,144

2,485,588

Cost or valuation at 5 April 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2022

1,705,223

-

1,705,223

Cost

805,950

269,536

1,075,486

2,511,173

269,536

2,780,709

Freehold land and buildings were valued on an open market basis on 5 April 2026 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

20,236

12,686

Other debtors

4,631

4,470

24,867

17,156

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

8,590

8,243

Taxation and social security

7,315

21,561

Other creditors

92,753

103,735

108,658

133,539

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

200,017

208,607

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

161,017

171,464

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

208,607

216,850

The bank loans are secured on the land at Sudbrook House Farm.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

10,000

Ordinary

£1

10,000

10,000

10.	RELATED PARTY DISCLOSURES

At the year end the company owed the directors £87,376 (2025 : £97,379). The loans made from the directors were unsecured, interest free and repayable on demand.