REGISTERED NUMBER: 00398155

Financial Statements

for the Year Ended 31st December 2025

for

The Central Association of Agricultural

Valuers

Page

Company Information

1

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

S P Alden

I A Ashbridge

A R Atkinson

W S F Barton

K P Bateman

F D Botfield

P G Bowness

M G Brighouse

D Brooks

N E Brown

R E D Browne

M C Cluley

A T Coney

G T Coster

D W Coulson

H P Davies

C P Edmunds

A J Faulkner

S Fieldsend

M Fogden

M G Gale

G J Gibson

M Hall

G Hoerty

S L Hollis

E M Hutchison

G M E Jewell

S H Johnson

J Liddle

A D Linehan

G C Lister

R G McCabe

D J McIntyre

D Meek

J M Merritt

A J Monro

K E Phillips

A J Rimmer

R Salt-Crockford

E V Savage

M E Sibley

Dr M A Simcock

R J Stagg

T A Starkey

D K Steel

H Story

M J Stuart

M R Swann

M M V Taylor

A R Thomas

I S Thornton-Kemsley

S M Walker

J C Watson

S J Wearmouth

H R Wiliams

S M S Williams

N J Clayton-Bailey

R H Coles

S Kingsley

J A Olds

J M L Pollock

S E Whittingham

SECRETARY:

J P Moody

REGISTERED OFFICE:

Harts Barn Farmhouse

Monmouth Road

Longhope

Gloucestershire

GL17 0QD

REGISTERED NUMBER:

00398155

ACCOUNTANTS:

Martin and Company

38 Dollar Street

Cirencester

Gloucestershire

GL7 2AN

BANKERS:

Lloyds Bank

19 Eastgate Street

Gloucester

Gloucestershire

GL1 1NU

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

704,417

666,764

704,417

666,764

CURRENT ASSETS

Stocks

66,171

66,892

Debtors

6

62,394

57,597

Investments

7

277,565

253,874

Cash at bank

71,211

137,423

477,341

515,786

CREDITORS

Amounts falling due within one year

8

186,451

232,196

NET CURRENT ASSETS

290,890

283,590

TOTAL ASSETS LESS CURRENT LIABILITIES

995,307

950,354

PROVISIONS FOR LIABILITIES

21,144

15,213

NET ASSETS

974,163

935,141

RESERVES

Share premium

(24,998

)

-

Income and expenditure account

999,161

935,141

974,163

935,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th June 2026 and were signed on its behalf by:

J Liddle - Director

1.	STATUTORY INFORMATION

Central Association of Agricultural Valuers is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Included within turnover is subscription income. Subscription income is the total amount receivable for membership subscriptions relating to the financial year. For the purposes of VAT, this is deemed to be split in the following proportions: 60% zero-rated, 20% standard rated and 20% exempt. Certain other receipts comprise supplies for VAT purposes which may be exempt, zero-rated, standard-rated or outside the scope of VAT. Consequently the company is treated as partially exempt for VAT purposes and not all input VAT is reclaimable. Irrecoverable VAT is treated as an expense.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost, where this is material, less estimated residual value of each asset over its estimated useful life.

Display stands

- 33% on cost

Fixtures and fittings

- 20% on cost

Website development costs

- 33% on cost

Stocks

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Taxation

Corporation tax is only chargeable on investment income and gains. Deferred taxation is provided on potential capital gains on revaluations of investments. Provision has been made in these accounts for both actual and potential liabilities.

Fixed asset investments

Fixed asset investments are stated at their market value at the year end.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Website

Display

and

development

stands

fittings

costs

Totals

£

£

£

£

COST

At 1st January 2025

and 31st December 2025

5,790

9,005

76,067

90,862

DEPRECIATION

At 1st January 2025

and 31st December 2025

5,790

9,005

76,067

90,862

NET BOOK VALUE

At 31st December 2025

-

-

-

-

At 31st December 2024

-

-

-

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st January 2025

666,764

Additions

70,602

Disposals

(64,171

)

Revaluations

31,222

At 31st December 2025

704,417

NET BOOK VALUE

At 31st December 2025

704,417

At 31st December 2024

666,764

Cost or valuation at 31st December 2025 is represented by:

Other

investments

£

Valuation in 2016

14,957

Valuation in 2017

23,827

Valuation in 2018

(15,925

)

Valuation in 2019

35,586

Valuation in 2020

4,398

Valuation in 2021

26,256

Valuation in 2022

(71,868

)

Valuation in 2023

37,515

Valuation in 2024

25,320

Valuation in 2025

31,220

Cost

593,131

704,417

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

593,131

586,698

Fixed assets investments were valued on an open market basis on 31st December 2025 by Rathbone Investment Management .

Total funds transferred to the Investment fund amount to £525,000.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,985

5,395

Other debtors

26,773

27,076

Prepayments and accrued income

24,636

25,126

62,394

57,597

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

2

-

Cash at brokers

277,563

253,874

277,565

253,874

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

55,865

43,509

Corporation tax

5,018

7,663

Accruals and deferred income

125,568

181,024

186,451

232,196

9.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st December 2025 or 31st December 2024.

10.	CAPITAL COMMITMENTS

There was no capital expenditure in 2025 and no further capital commitments incurred in the year.

11.	RELATED PARTY DISCLOSURES

During the year J P Moody, company secretary, provided secretarial and advisory services to the company as follows;

2025

2024

Secretariat fees

562,000

521,000

Management of website

70,000

70,000

Travelling expenses

37,792

33,817

Publications

6,045

9,514

TEGoVA

4,201

2,796

Meetings and sundry

2,456

1,455

There was a balance owed to J P Moody at the balance sheet date of £31,793 (2024 owed to JM : £28,297). In addition there was a debtor balance owed from J P Moody in respect of services provided at the balance sheet date of £653 (2024: £569).

12.	ULTIMATE CONTROLLING PARTY

The company is not controlled by a particular individual.

13.	TAX ON SURPLUS

The tax on surplus comprises:

Corporation tax

5,018

Increase/(Reduction) in deferred tax

5,931

Total tax on surplus

£10,949