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REGISTERED NUMBER: 01926915 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

FOR

BEECHGROVE FARMS LIMITED

BEECHGROVE FARMS LIMITED (REGISTERED NUMBER: 01926915)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEECHGROVE FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DIRECTORS: G W Gladwin
Mrs M Gladwin





SECRETARY: G W Gladwin





REGISTERED OFFICE: Cornhill Farm
Barrow Road
Barton on Humber
North Lincolnshire
DN18 6DA





REGISTERED NUMBER: 01926915 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence Limited
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

BEECHGROVE FARMS LIMITED (REGISTERED NUMBER: 01926915)

BALANCE SHEET
5 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,762,695 2,707,958
Investments 6 6 6
2,762,701 2,707,964

CURRENT ASSETS
Stocks 224,328 165,263
Debtors 7 530,233 476,516
Cash in hand 58 89
754,619 641,868
CREDITORS
Amounts falling due within one year 8 715,003 747,183
NET CURRENT ASSETS/(LIABILITIES) 39,616 (105,315 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,802,317

2,602,649

CREDITORS
Amounts falling due after more than one
year

9

(1,694,466

)

(1,710,796

)

PROVISIONS FOR LIABILITIES (87,645 ) (77,091 )
NET ASSETS 1,020,206 814,762

CAPITAL AND RESERVES
Called up share capital 175 175
Retained earnings 11 1,020,031 814,587
SHAREHOLDERS' FUNDS 1,020,206 814,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 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.

BEECHGROVE FARMS LIMITED (REGISTERED NUMBER: 01926915)

BALANCE SHEET - continued
5 APRIL 2023


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 2 October 2023 and were signed on its behalf by:




G W Gladwin - Director



Mrs M Gladwin - Director


BEECHGROVE FARMS LIMITED (REGISTERED NUMBER: 01926915)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1. STATUTORY INFORMATION

Beechgrove Farms 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Sugar Beet Contract are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% 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.

BEECHGROVE FARMS LIMITED (REGISTERED NUMBER: 01926915)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS

Intangible assets comprises of two sugar beet contracts at a total cost of £14,300. The contracts have been written off over a term of four years.

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Tractors
£    £    £   
COST
At 6 April 2022 2,491,023 359,633 480,545
Additions - 3,002 214,000
At 5 April 2023 2,491,023 362,635 694,545
DEPRECIATION
At 6 April 2022 199,648 214,819 273,970
Charge for year 4,674 36,953 105,144
At 5 April 2023 204,322 251,772 379,114
NET BOOK VALUE
At 5 April 2023 2,286,701 110,863 315,431
At 5 April 2022 2,291,375 144,814 206,575

BEECHGROVE FARMS LIMITED (REGISTERED NUMBER: 01926915)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 6 April 2022 93,313 1,093 3,425,607
Additions - 1,072 218,074
At 5 April 2023 93,313 2,165 3,643,681
DEPRECIATION
At 6 April 2022 28,641 571 717,649
Charge for year 16,168 398 163,337
At 5 April 2023 44,809 969 880,986
NET BOOK VALUE
At 5 April 2023 48,504 1,196 2,762,695
At 5 April 2022 64,672 522 2,707,958

Included in cost of land and buildings is freehold land of £ 2,071,281 (2022 - £ 2,071,281 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery Tractors vehicles Totals
£    £    £    £   
COST
At 6 April 2022
and 5 April 2023 25,400 297,325 32,491 355,216
DEPRECIATION
At 6 April 2022
and 5 April 2023 6,350 161,050 8,123 175,523
NET BOOK VALUE
At 5 April 2023 19,050 136,275 24,368 179,693
At 5 April 2022 19,050 136,275 24,368 179,693

6. FIXED ASSET INVESTMENTS

The investments comprise of 1 share in Elsham Growers (Cost : £1), 1 share in Humber Pea Growers (Cost : £1), 1 share in The Green Pea Company (Cost : £1), 1 share in Woldmarsh Producers Limited (Cost :£1) and 2 shares in Openfield (Cost : £2).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 202,464 138,887
Other debtors 327,769 337,629
530,233 476,516

BEECHGROVE FARMS LIMITED (REGISTERED NUMBER: 01926915)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 409,001 632,764
Hire purchase contracts 106,708 76,796
Trade creditors 62,472 22,125
Taxation and social security 63,502 6,156
Other creditors 73,320 9,342
715,003 747,183

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,200,000 1,200,000
Hire purchase contracts 60,466 76,796
Other creditors 434,000 434,000
1,694,466 1,710,796

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 409,001 632,764
Bank loans 1,200,000 1,200,000
1,609,001 1,832,764

The company's bank facilities are secured by a debenture together with a legal mortgage over freehold land and buildings lying to the north of Caistor Road, Barton on Humber.

11. RESERVES
Retained
earnings
£   

At 6 April 2022 814,587
Profit for the year 532,833
Dividends (327,389 )
At 5 April 2023 1,020,031

BEECHGROVE FARMS LIMITED (REGISTERED NUMBER: 01926915)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

12. RELATED PARTY DISCLOSURES

Transactions with directors during the year were as follows:

At 6th April 2022 the company owed Mr G W Gladwin £66. During the year he introduced £252289 and withdrew £252293. At 5th April 2023 the company owed Mr G W Gladwin £62.

At 6th April 2022 the company owed Mrs M Gladwin £66 During the year she introduced £125385 and withdrew £125390. At 5th April 2023 the company owed Mrs M Gladwin £61.

The loans are interest free with no fixed terms for repayment.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is Mr G W Gladwin as he is a majority shareholder of the company's parent company, Craftany Trading Limited. He is also a director of both companies.