MASONS FARM AND COUNTRY LIMITED

• ⚠

  Material uncertainty over going concern

  The directors are satisfied, having made all necessary enquires, and notwithstanding the loss in the period ended 30 September 2024 of £599,969, the challenging trading conditions for the UK agricultural sector within which the group operated during that period and subsequently, in combination with significantly increased interest costs, that the going concern basis of preparation remains appropriate. In forming their opinion the directors have, in particular, given consideration to the positive market share performance of both the group and the John Deere brand in the South West region in the context of an overall depressed market for both new and used wholegood equipment. The directors also acknowledge that, in order to fund its working capital, the group is reliant upon the ongoing availability of stocking finance facilities from John Deere and overdraft facilities from the company bankers. The post balance sheet financial performance and cash flow forecasts demonstrate that the group is reliant on the ongoing support of its bankers in the form of availability of overdraft facilities. The overdraft facilities (amounting to £4.2m in the group) in place as at the date of approval of these financial statements are committed until 30 September 2025 and whilst, based upon previous experience and the ongoing communication and relationship with the bank, the directors expect the facilities to be flexible in nature and to be renewed on terms sufficient to meet the ongoing requirements of the business for the foreseeable future (being no less than 12 months from the date of approval of these financial statements), they acknowledge that there can be no certainty in this respect until a review/renewal process is carried out by the bank based upon cash flow performance to and forecasted as at 30 September 2025.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. MASONS FARM AND COUNTRY LIMITED 2005-05-24 → present
2. BONDCO 1098 LIMITED 2004-12-23 → 2005-05-24

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors are satisfied, having made all necessary enquires, and notwithstanding the loss in the period ended 30 September 2024 of £599,969, the challenging trading conditions for the UK agricultural sector within which the group operated during that period and subsequently, in combination with significantly increased interest costs, that the going concern basis of preparation remains appropriate. In forming their opinion the directors have, in particular, given consideration to the positive market share performance of both the group and the John Deere brand in the South West region in the context of an overall depressed market for both new and used wholegood equipment. The directors also acknowledge that, in order to fund its working capital, the group is reliant upon the ongoing availability of stocking finance facilities from John Deere and overdraft facilities from the company bankers. The post balance sheet financial performance and cash flow forecasts demonstrate that the group is reliant on the ongoing support of its bankers in the form of availability of overdraft facilities. The overdraft facilities (amounting to £4.2m in the group) in place as at the date of approval of these financial statements are committed until 30 September 2025 and whilst, based upon previous experience and the ongoing communication and relationship with the bank, the directors expect the facilities to be flexible in nature and to be renewed on terms sufficient to meet the ongoing requirements of the business for the foreseeable future (being no less than 12 months from the date of approval of these financial statements), they acknowledge that there can be no certainty in this respect until a review/renewal process is carried out by the bank based upon cash flow performance to and forecasted as at 30 September 2025.”

Group structure

1. MASONS FARM AND COUNTRY LIMITED · parent
   1. James Mason Limited 100% · sales and servicing of agricultural and horticultural equipment

Significant events

• “The agricultural machinery sector is cyclical, and this period has seen a fall in the national tractor market and also a significant downward price adjustment in used equipment values.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.