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REGISTERED NUMBER: 00532458 (England and Wales)






















Financial Statements

for the Year Ended 31 January 2022

for

Spridlington Manor Farm Limited

Spridlington Manor Farm Limited (Registered number: 00532458)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Spridlington Manor Farm Limited

Company Information
for the Year Ended 31 January 2022







DIRECTORS: R O Collett
Mrs R Collett





REGISTERED OFFICE: The Manor
Spridlington
Market Rasen
Lincolnshire
LN8 2DD





REGISTERED NUMBER: 00532458 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Spridlington Manor Farm Limited (Registered number: 00532458)

Balance Sheet
31 January 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,139,550 1,082,518
Investments 5 6,160 5,236
1,145,710 1,087,754

CURRENT ASSETS
Stocks 206,663 114,827
Debtors 6 100,864 57,275
Cash at bank 563,405 703,536
870,932 875,638
CREDITORS
Amounts falling due within one year 7 156,150 54,426
NET CURRENT ASSETS 714,782 821,212
TOTAL ASSETS LESS CURRENT LIABILITIES 1,860,492 1,908,966

CREDITORS
Amounts falling due after more than one year 8 (87,209 ) (56,140 )

PROVISIONS FOR LIABILITIES (79,876 ) (63,933 )
NET ASSETS 1,693,407 1,788,893

CAPITAL AND RESERVES
Called up share capital 10 8,642 8,642
Capital redemption reserve 2,700 2,700
Retained earnings 1,682,065 1,777,551
SHAREHOLDERS' FUNDS 1,693,407 1,788,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

Spridlington Manor Farm Limited (Registered number: 00532458)

Balance Sheet - continued
31 January 2022


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 13 September 2022 and were signed on its behalf by:





R O Collett - Director


Spridlington Manor Farm Limited (Registered number: 00532458)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

Spridlington Manor Farm 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & buildings - 20% on reducing balance, 10% on reducing balance and not provided
Drainage & irrigation - 20% on reducing balance and 10% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 33% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to income as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 5 ) .

Spridlington Manor Farm Limited (Registered number: 00532458)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

4. TANGIBLE FIXED ASSETS
Land & Drainage Plant and
buildings & irrigation machinery
£    £    £   
COST
At 1 February 2021 1,024,838 304,806 820,495
Additions - - 171,490
Disposals (49,648 ) - (76,000 )
At 31 January 2022 975,190 304,806 915,985
DEPRECIATION
At 1 February 2021 363,188 219,535 515,875
Charge for year 35,067 8,528 75,640
Eliminated on disposal (41,864 ) - (50,318 )
At 31 January 2022 356,391 228,063 541,197
NET BOOK VALUE
At 31 January 2022 618,799 76,743 374,788
At 31 January 2021 661,650 85,271 304,620

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 February 2021 80,000 3,409 2,233,548
Additions 100,080 - 271,570
Disposals (95,000 ) - (220,648 )
At 31 January 2022 85,080 3,409 2,284,470
DEPRECIATION
At 1 February 2021 49,625 2,807 1,151,030
Charge for year 16,343 121 135,699
Eliminated on disposal (49,627 ) - (141,809 )
At 31 January 2022 16,341 2,928 1,144,920
NET BOOK VALUE
At 31 January 2022 68,739 481 1,139,550
At 31 January 2021 30,375 602 1,082,518

Included in cost of land and buildings is freehold land of £ 312,020 (2021 - £ 312,020 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2022 2021
£    £   
Stemgold 6,160 5,236

Spridlington Manor Farm Limited (Registered number: 00532458)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 50,492 31,118
Other debtors 50,372 26,157
100,864 57,275

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 54,098 26,184
Trade creditors 53,303 19,394
Taxation and social security 3,792 3,992
Other creditors 44,957 4,856
156,150 54,426

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 87,209 56,140

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 141,307 82,324

10. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
8,522 Ordinary £1 8,522 8,522
120 5% Cumulative preference £1 120 120
8,642 8,642

The 5% Cumulative preference shares of £1 each confer a right to a dividend of 5% per annum and a capital preference in winding-up.

Spridlington Manor Farm Limited (Registered number: 00532458)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2022 and 31 January 2021:

2022 2021
£    £   
R O Collett
Balance outstanding at start of year - 214
Amounts repaid - (214 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Spridlington Manor Farm Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Spridlington Manor Farm Limited for the year ended 31 January 2022 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Spridlington Manor Farm Limited, as a body, in accordance with the terms of our engagement letter dated 22 March 2004. Our work has been undertaken solely to prepare for your approval the financial statements of Spridlington Manor Farm Limited and state those matters that we have agreed to state to the Board of Directors of Spridlington Manor Farm Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spridlington Manor Farm Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Spridlington Manor Farm Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Spridlington Manor Farm Limited. You consider that Spridlington Manor Farm 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 financial statements of Spridlington Manor Farm 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 financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


Date: .............................................