EMR Farming Company - Accounts to registrar (filleted)

REGISTERED NUMBER: 06318233 (England and Wales)

EMR FARMING COMPANY

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

E M Rhodes

C Gill

S Rhodes

L Shutt-Vine

SECRETARY:

D J Rhodes

REGISTERED OFFICE:

14 London Road

Newark

Nottinghamshire

NG24 1TW

REGISTERED NUMBER:

06318233 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Intangible assets

4

-

Property, plant and equipment

5

1,105,409

1,068,525

1,105,409

1,068,525

CURRENT ASSETS

Inventories

18,776

8,561

Debtors

6

1,333

3,281

Cash at bank

279,497

245,648

299,606

257,490

CREDITORS

Amounts falling due within one year

7

37,633

32,000

NET CURRENT ASSETS

261,973

225,490

TOTAL ASSETS LESS CURRENT LIABILITIES

1,367,382

1,294,015

PROVISIONS FOR LIABILITIES

1,344

-

NET ASSETS

1,366,038

1,294,015

CAPITAL AND RESERVES

Called up share capital

8

1,447,904

Capital redemption reserve

700,000

Retained earnings

(781,866

)

(853,889

)

SHAREHOLDERS' FUNDS

1,366,038

1,294,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by:

E M Rhodes - Director

1.	STATUTORY INFORMATION

EMR Farming Company is a private company , 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.

Revenue

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

Revenue is recognised when the significant risk and rewards have passed to the buyer, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and that the costs incurred, or to be incurred, in respect of new transactions can be measured reliably.

Entitlements

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.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories

Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete ad slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Basic payment

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

Going concern

The accounts have been prepared on the assumption that the company is able to carry on its business as a going concern despite the net liability position of £765,776 as shown in these financial statements. The director considers this basis appropriate as the shareholders will continue to give financial support to the company for at least twelve months from the date of signing these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Entitlements

£

COST

At 6 April 2024

17,043

Disposals

(17,043

)

At 5 April 2025

-

AMORTISATION

At 6 April 2024

17,043

Eliminated on disposal

(17,043

)

At 5 April 2025

-

NET BOOK VALUE

At 5 April 2025

-

At 5 April 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

Motor

property

machinery

vehicles

Totals

£

COST

At 6 April 2024

1,016,629

8,315

114,229

-

1,139,173

Additions

-

42,197

26,400

68,597

Disposals

-

(45,201

)

-

(45,201

)

At 5 April 2025

1,016,629

8,315

111,225

26,400

1,162,569

DEPRECIATION

At 6 April 2024

-

3,705

66,943

-

70,648

Charge for year

-

701

10,268

1,650

12,619

Eliminated on disposal

-

(26,107

)

-

(26,107

)

At 5 April 2025

-

4,406

51,104

1,650

57,160

NET BOOK VALUE

At 5 April 2025

1,016,629

3,909

60,121

24,750

1,105,409

At 5 April 2024

1,016,629

4,610

47,286

-

1,068,525

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

1,333

3,281

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

1,202

-

Other creditors

36,431

32,000

37,633

32,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,447,904

Ordinary

£1

1,447,904