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Registered number: 06035545










The Morecambe Bay Conservation Grazing Company Limited








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

 
THE MORECAMBE BAY CONSERVATION GRAZING COMPANY LIMITED
REGISTERED NUMBER: 06035545

BALANCE SHEET
AS AT 31 DECEMBER 2025

2025
2024
£
£


Fixed assets
140,246
143,261

Current assets
390,921
319,106

Creditors: amounts falling due within one year
(88,403)
(55,616)

Net current assets
 
 
302,518
 
 
263,490

Total assets less current liabilities
442,764
406,751

Creditors: amounts falling due after more than one year
(3,200)
(3,200)


Accruals and deferred income
(2,415)
(2,195)

Net assets excluding pension asset
437,149
401,356

Net assets
437,149
401,356



Capital and reserves
437,149
401,356


Notes


General information

The Morecambe Bay Conservation Grazing Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Straithairlie, Carr Bank, Milnthorpe, LA7 7LE.

The financial statements are prepared in sterling, which is the functional currency of this company. Monetary amounts in these financial statements are rounded to the nearest £. 


Average number of employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).


Directors' confirmations

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their 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 in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject
Page 1

 
THE MORECAMBE BAY CONSERVATION GRAZING COMPANY LIMITED
REGISTERED NUMBER: 06035545
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025

to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 September 2026.




................................................
F W Grayson
................................................
C R Grayson
Director
Director

Page 2

 
THE MORECAMBE BAY CONSERVATION GRAZING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

1.Accounting policies

 
1.1

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
not provided
Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
THE MORECAMBE BAY CONSERVATION GRAZING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.


Intangible assets




Single farm payment entitlements

£





At 1 January 2025
85,209


Disposals
(85,209)



At 31 December 2025

-





At 1 January 2025
80,655


On disposals
(80,655)



At 31 December 2025

-



Net book value



At 31 December 2025
-



At 31 December 2024
4,554


Page 4

 
THE MORECAMBE BAY CONSERVATION GRAZING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

3.


Tangible fixed assets


Long-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 January 2025
120,875
40,706
12,385
173,966


Additions
-
1,416
5,500
6,916


Disposals
-
(903)
(2,795)
(3,698)



At 31 December 2025

120,875
41,219
15,090
177,184



Depreciation


At 1 January 2025
-
26,515
8,743
35,258


Charge for the year on owned assets
-
2,270
2,169
4,439


Disposals
-
(430)
(2,330)
(2,760)



At 31 December 2025

-
28,355
8,582
36,937



Net book value



At 31 December 2025
120,875
12,864
6,508
140,247



At 31 December 2024
120,875
14,190
3,642
138,707

 
Page 5