MORTON GRANGE LIMITED


Directors	SANDERSON, Albert Robin
	SANDERSON, James Edward
	SANDERSON, Lucy Mary


Company Secretary	SANDERSON, James Edward


Registered Address	Morton Grange
	Morton On Swale
	Northallerton
	DL7 9RQ


Registered Number	06903540 (England and Wales)

Notes to the Financial Statements
for the year ended 29 April 2026

1.	Accounting policies

	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.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

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 and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	DO NOT USE

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	25
Plant and machinery	15	-
Vehicles	25	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Stocks and work in progress
	Biological assets within stock, comprising of pigs are valued under the deemed cost model in accordance with section 34 of FRS 102 using the selling price less costs to sell. Farming stocks, raw materials and consumables are stated at the lower of cost and net realisable value. Living plants are valued at deemed cost in accordance with section 34 of FRS 102, using the selling price less costs to sell.

Stocks and work in progress

Biological assets within stock, comprising of pigs are valued under the deemed cost model in accordance with section 34 of FRS 102 using the selling price less costs to sell.

Farming stocks, raw materials and consumables are stated at the lower of cost and net realisable value. Living plants are valued at deemed cost in accordance with section 34 of FRS 102, using the selling price less costs to sell.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	15		15

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 30 April 25	2,426,469	943,953	37,779	3,408,201
Additions	2,005,209	22,157	-	2,027,366
Disposals	-	(4,750)	-	(4,750)
At 29 April 26	4,431,678	961,360	37,779	5,430,817
Depreciation and impairment
At 30 April 25	258,189	564,298	9,066	831,553
Charge for year	59,053	67,896	5,425	132,374
On disposals	-	(1,242)	-	(1,242)
At 29 April 26	317,242	630,952	14,491	962,685
Net book value
At 29 April 26	4,114,436	330,408	23,288	4,468,132
At 29 April 25	2,168,280	379,655	28,713	2,576,648


	Included in land and buildings is land costing £2,955,360 (2025: £950,151) that is not depreciated.

4.	Stocks
	Stock is made up of livestock £839,975 (2025: £786,675) and deadstock £139,667 (2025: £106,988).

	2026	2025
	£	£
Other stocks	979,642	893,663
Total	979,642	893,663

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	200,144	148,656
Other debtors	72,001	97,943
Prepayments and accrued income	1,568	1,508
Total	273,713	248,107

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	279,061	267,931
Taxation and social security	518,542	345,572
Finance lease and HP contracts	27,685	35,008
Other creditors	96,076	60,561
Accrued liabilities and deferred income	6,095	5,749
Total	927,459	714,821


	Finance lease and Hire Purchase contracts are secured against the assets to which they relate. Banking facilities are secured by floating charges covering all property or undertaking of the company.

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	-	27,685
Total	-	27,685


	Finance lease and Hire Purchase contracts amounting to £NIL (2025 - £27,685) are included within other creditors and they are secured against the assets to which they relate.

8.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	27,685		62,693

9.	Provisions for liabilities
	The provision for deferred tax is made up of £376,500 (2025: £404,530) in respect of accelerated capital allowances.

	2026	2025
	£	£
Net deferred tax liability (asset)	376,500	404,530
Total	376,500	404,530

10.	Related party transactions
	During the year ended 29 April 2026 the Company paid £40,800 (2025: £40,800) to A R & J E Sanderson for the use of property. At the year end the Company owed £48,131 (2025: £53,050) to Messrs A R and J E Sanderson, a business in which Mr J E Sanderson is a partner. During the year the company paid dividends of £49,500 (2025: £61,000) to shareholders. During the year the company paid Director pension contributions totaling £120,000 (2025: £120,000). Included in other creditors are loans from the directors. The loans are interest free with no set terms for repayment.

10.

Related party transactions

During the year ended 29 April 2026 the Company paid £40,800 (2025: £40,800) to A R & J E Sanderson for the use of property. 

At the year end the Company owed £48,131 (2025: £53,050) to Messrs A R and J E Sanderson, a business in which Mr J E Sanderson is a partner. 

During the year the company paid dividends of £49,500 (2025: £61,000) to shareholders.

During the year the company paid Director pension contributions totaling £120,000 (2025: £120,000).

Included in other creditors are loans from the directors. The loans are interest free with no set terms for repayment.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		4,468,132		2,576,648
			4,468,132		2,576,648
Current assets
Stocks	4	979,642		893,663
Debtors	5	273,713		248,107
Cash at bank and on hand		1,947,573		2,307,567
		3,200,928		3,449,337
Creditors amounts falling due within one year	6	(927,459)		(714,821)
Net current assets (liabilities)			2,273,469		2,734,516
Total assets less current liabilities			6,741,601		5,311,164
Creditors amounts falling due after one year	7		-		(27,685)
Provisions for liabilities	9		(376,500)		(404,530)
Net assets			6,365,101		4,878,949
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			6,364,101		4,877,949
Shareholders' funds			6,365,101		4,878,949