G.C. Mowbray Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00531130 (England and Wales)

G.C. MOWBRAY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr R G Mowbray

Mrs L A Mowbray

Mr M G Mowbray

SECRETARY:

Mrs L A Mowbray

REGISTERED OFFICE:

C/O Duncan & Toplis

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

REGISTERED NUMBER:

00531130 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

3,360,482

3,467,346

3,360,482

3,467,346

CURRENT ASSETS

Valuation

285,483

293,853

Debtors

6

39,079

141,686

Cash at bank

527,246

379,192

851,808

814,731

CREDITORS

Amounts falling due within one year

7

396,240

375,175

NET CURRENT ASSETS

455,568

439,556

TOTAL ASSETS LESS CURRENT LIABILITIES

3,816,050

3,906,902

CREDITORS

Amounts falling due after more than one year

8

(116,278

)

(198,538

)

PROVISIONS FOR LIABILITIES

(259,836

)

(285,646

)

NET ASSETS

3,439,936

3,422,718

CAPITAL AND RESERVES

Called up share capital

10

6,150

Capital redemption reserve

2,600

Retained earnings

3,431,186

3,413,968

SHAREHOLDERS' FUNDS

3,439,936

3,422,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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 4 November 2025 and were signed on its behalf by:

Mr M G Mowbray - Director

1.	STATUTORY INFORMATION

G.C. Mowbray 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.

Turnover

Turnover represents net invoiced sales of produce and work done, excluding value added tax. Sales of produce are recognised upon despatch. Revenue from work done is recognised on the day of completion of the work.

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

Intangible assets

Intangible assets consist of entitlements to the basic payment. The entitlements are recognised at fair value and written off on a straight line basis over the period to 31 December 2019 when the scheme ends.

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

4% on cost and Nil

Plant and machinery etc

10% and 20% on reducing balance and straight line over 20 and 25 years

Stocks

Stocks are valued on basis consistent with that of previous year by professional valuers in accordance with HS232 Farm Stock Valuation.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2024

43,141

Disposals

(43,141

)

At 30 June 2025

-

AMORTISATION

At 1 July 2024

43,141

Eliminated on disposal

(43,141

)

At 30 June 2025

-

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 July 2024

2,845,959

1,886,823

4,732,782

Additions

-

26,717

At 30 June 2025

2,845,959

1,913,540

4,759,499

DEPRECIATION

At 1 July 2024

106,961

1,158,475

1,265,436

Charge for year

4,763

128,818

133,581

At 30 June 2025

111,724

1,287,293

1,399,017

NET BOOK VALUE

At 30 June 2025

2,734,235

626,247

3,360,482

At 30 June 2024

2,738,998

728,348

3,467,346

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

3,115

108,852

Other debtors

35,964

32,834

39,079

141,686

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

36,878

Hire purchase contracts

45,164

Trade creditors

75,716

59,562

Taxation and social security

66,922

78,672

Other creditors

171,560

154,899

396,240

375,175

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

85,940

118,036

Hire purchase contracts

30,338

75,502

Other creditors

-

5,000

116,278

198,538

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

122,818

154,914

Hire purchase contracts

75,502

120,666

198,320

275,580

The company's freehold property is secured by way of a fixed charge, together with a negative pledge, in favour of the company's bankers.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

A Ordinary

£1

100

B Ordinary

£1

100

5,950

C Ordinary

£1

5,950

6,150