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P. Coates (Farmers) Limited
Unaudited Financial Statements
for the year ended 31 December 2025
Company registration number 01171023
(England and Wales)

# Company Information

For the year ended 31 December 2025

Director | Coates, John Graham

Registered office | Ridgaling Farm
| Barrowford
| Nelson
| BB9 6RA

Registered number | 01171023

Accountant | H & M Ltd
| The Four Columns
| Broughton Hall Business Park
| Skipton
| BD23 3AE

# Statement of Financial Position

As at 31 December 2025

| Notes |
2025
2024
£
£
£
£
Fixed assets
Tangible assets
| 5 |
297,452
193,149
Investments
| 6 |
2,357
2,357
299,809
195,506
Current assets
Stocks
207,443
207,483
Debtors
| 7 |
9,657
2,265
Cash at bank and in hand
62
39
217,162
209,787
Creditors
Amounts falling due within one year
| 8 |
(59,362)
(64,029)
(59,362)
(64,029)
Net current assets (liabilities)
157,800
145,758
Total assets less current liabilities
457,609
341,264
Provisions for liabilities
(54,720)
(34,903)
Net assets (liabilities)
402,889
306,361
Capital and reserves
Called up share capital
100
100
Profit and loss account
402,789
306,261
Total equity
402,889
306,361

The company is a private company limited by shares and registered in England and Wales. It was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the special 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) of the Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 August 2026 and are signed on its behalf by:

Coates, John Graham Coates, John Graham Director |

Company registration number 01171023

# Notes to the Financial Statements

For the year ended 31 December 2025

### 1. 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 financial statements are presented in sterling and this is the functional currency of the company.

### 2. Accounting policies

### 2.1. Basis of preparation

The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.

### 2.2. Turnover

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.

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

### 2.3. Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Income Statement.

### 2.4. Tangible fixed assets and depreciation

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Rate
Method
%
Plant and machinery
15
Reducing balance
Motor vehicles
25
Reducing balance
Fixtures and fittings
25
Reducing balance

### 2.5. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

### 2.6. Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

### 2.7. Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

### 2.8. Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in a settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

### 2.9. Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

### 3. Employees

The average number of employees during the year was 2 (2024: 2).

### 4. Intangible assets

Other intangibles
Total
£
£
Cost
At 1 January 2025
800
800
At 31 December 2025
800
800
Amortisation and impairment
At 1 January 2025
800
800
At 31 December 2025
800
800
Net book value
At 31 December 2025
-
-
At 31 December 2024
-
-

### 5. Tangible fixed assets

Land and buildings
Plant and machinery
Motor vehicles
Fixtures and fittings
Total
£
£
£
£
£
Cost
At 1 January 2025
134,294
164,153
30,253
99,650
428,350
Additions
-
113,734
-
9,500
123,234
Disposals
-
-
-
(3,075)
(3,075)
At 31 December 2025
134,294
277,887
30,253
106,075
548,509
Depreciation and impairment
At 1 January 2025
124,853
20,415
22,895
67,038
235,201
Charge for the period
-
5,869
1,839
9,504
17,212
Disposals
-
-
-
(1,356)
(1,356)
At 31 December 2025
124,853
26,284
24,734
75,186
251,057
Net book value
At 31 December 2025
9,441
251,603
5,519
30,889
297,452
At 31 December 2024
9,441
143,738
7,358
32,612
193,149

### 6. Fixed asset investments

Other loans classified under investments
Total
£
£
Cost
At 1 January 2025
2,357
2,357
At 31 December 2025
2,357
2,357
Impairment
At 31 December 2025
-
-
Net book value
At 31 December 2025
2,357
2,357
At 31 December 2024
2,357
2,357

### 7. Debtors

2025
2024
£
£
Trade debtors
5,329
1,625
Other debtors
4,328
640
Total due within one year
9,657
2,265
Total due after one year
-
-
Total
9,657
2,265

### 8. Creditors due within one year

2025
2024
£
£
Bank loans and overdrafts
5,514
6,514
Trade creditors
8,608
6,164
Other creditors
44,351
41,871
Taxation and social security
889
9,480
Total
59,362
64,029