REGISTRAR OF COMPANIES

Registration number: 04670693

A R Fearnall Limited

Contents

Accountants' Report	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	4

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
A R Fearnall Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A R Fearnall Limited for the year ended 31 March 2025 as set out on pages 2 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of A R Fearnall Limited, as a body, in accordance with the terms of our engagement letter dated 2 June 2025. Our work has been undertaken solely to prepare for your approval the accounts of A R Fearnall Limited and state those matters that we have agreed to state to the Board of Directors of A R Fearnall Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A R Fearnall Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A R Fearnall Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A R Fearnall Limited. You consider that A R Fearnall Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of A R Fearnall Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

20 October 2025

A R Fearnall Limited

(Registration number: 04670693)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	613,502	584,011
Investment property	6	295,000	295,000
Other financial assets	7	481,074	400,080
		1,389,576	1,279,091
Current assets
Stocks		530,705	511,451
Debtors	8	194,887	116,573
Cash at bank and in hand		523,684	372,349
		1,249,276	1,000,373
Creditors: Amounts falling due within one year	9	(432,760)	(258,676)
Net current assets		816,516	741,697
Total assets less current liabilities		2,206,092	2,020,788
Creditors: Amounts falling due after more than one year	9	(64,838)	(68,527)
Provisions for liabilities		(84,946)	(76,994)
Net assets		2,056,308	1,875,267
Capital and reserves
Allotted, called up and fully paid share capital		100	100
Non-distributable reserve		57,111	57,111
Profit and loss account		1,999,097	1,818,056
Total equity		2,056,308	1,875,267

A R Fearnall Limited

(Registration number: 04670693)
Balance Sheet as at 31 March 2025 (continued)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 October 2025
 

.........................................

E Fearnall

Director

A R Fearnall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Belgrave Moat Farm
Straight Mile
Poulton
CHESTER
CH4 9EQ
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Government grants

Government grants such as the basic payment scheme are included in the profit and loss account when all the necessary conditions for receipt have been met.

Other grants
Other grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets on a basis consistent with the depreciation policy.

A R Fearnall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

Basic payment scheme

The amount paid in connection with the purchase of the basic payment scheme entitlement was amortised over the useful economic life of that entitlement, and has now been fully amortised.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Buildings	4% reducing balance basis
Plant and equipment	15% and 25% reducing balance basis
Motor vehicles	25% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

A R Fearnall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Trading stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. The cost of livestock represents the purchase cost plus any additional costs of rearing the animal. Net realisable value is based on selling price less anticipated selling costs. Crop stock is valued at fair value less any anticipated costs to sell.

Herd stock is included in the balance sheet at the original cost of the herd adjusted annually for additions to, or disposals from the herd.

Additions to the herd are included at cost except where there is a reinstatement of disposals to the herd from the prior year. In this case they are reinstated at the prior year disposal value.

Disposals to the herd are disposed of at an average cost except where there have been additions to the herd in the prior year. In this case they are disposed of on a last in first out basis.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

A R Fearnall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Equity shares and debt securities
 Recognition and measurement
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
 Impairment
For instruments measured at cost less impairment the impairment is the difference between the assets' carrying amount and the best estimate the entity would receive for the asset if it were sold at the reporting date.

A R Fearnall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 9).

4	Intangible assets

	Basic payment scheme  £	Total £
Cost or valuation
At 1 April 2024	3,261	3,261
At 31 March 2025	3,261	3,261
Amortisation
At 1 April 2024	3,261	3,261
At 31 March 2025	3,261	3,261
Carrying amount
At 31 March 2025	-	-
At 31 March 2024	-	-

5	Tangible assets

	Buildings £	Plant and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	385,992	919,863	4,090	1,309,945
Additions	-	105,414	-	105,414
Disposals	-	(67,639)	-	(67,639)
At 31 March 2025	385,992	957,638	4,090	1,347,720
Depreciation
At 1 April 2024	109,533	614,288	2,113	725,934
Charge for the year	11,058	48,656	494	60,208
Eliminated on disposal	-	(51,924)	-	(51,924)
At 31 March 2025	120,591	611,020	2,607	734,218
Carrying amount
At 31 March 2025	265,401	346,618	1,483	613,502
At 31 March 2024	276,459	305,575	1,977	584,011

A R Fearnall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6	Investment properties

	£
At 1 April 2024	295,000
At 31 March 2025	295,000

At the year end the directors have reviewed the valuation of the investment property and based on open market valuations they have determined that the current valuation is reasonable.

There has been no valuation of investment property by an independent valuer.

7	Other financial assets (current and non-current)

	2025 £	2024 £
Non-current financial assets
Financial assets at fair value through profit and loss	288,960	218,000
Financial assets at cost less impairment	192,114	182,080
	481,074	400,080

	Financial assets at fair value through profit and loss £	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	218,000	182,079	400,079
Fair value adjustments	(43,913)	-	(43,913)
Additions	325,442	10,035	335,477
Disposals	(210,569)	-	(210,569)
At 31 March 2025	288,960	192,114	481,074
Carrying amount
At 31 March 2025	288,960	192,114	481,074
At 31 March 2024	218,000	182,080	400,080

8

Debtors

A R Fearnall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

	2025 £	2024 £
Trade debtors	88,032	70,914
Other debtors	106,855	45,659
	194,887	116,573

9

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	11	1,726	22,692
Trade creditors		335,672	186,592
Taxation and social security		5,070	12,726
Corporation tax liability		69,589	16,752
Other creditors		20,703	19,914
		432,760	258,676
Due after one year
Other creditors		64,838	68,527

10

Reserves

A reconciliation of the opening and closing non-distributable reserve for the current year is as follows:

	Non-distributable reserve £
Brought forward	57,111
Transfer	-
Other movement	-
Deferred tax	-
Carried forward	57,111

11	Loans and borrowings

	2025 £	2024 £
Current loans and borrowings
Other borrowings	1,726	22,692

12	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £19,074 (2024 - £Nil).