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REGISTERED NUMBER: 08607059 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2023

for

Greenheath Farming Company Limited

Greenheath Farming Company Limited (Registered number: 08607059)






Contents of the Financial Statements
for the Year Ended 31st January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greenheath Farming Company Limited

Company Information
for the Year Ended 31st January 2023







DIRECTORS: Mrs S J Clayton
T P V Clayton
R J Southgate
J S Hughes





REGISTERED OFFICE: Toggam Farm
Newfen Gravel Drove
Sedge Fen Road
Lakenheath
Suffolk
IP27 9LN





REGISTERED NUMBER: 08607059 (England and Wales)





ACCOUNTANTS: Integrity Tax & Accountancy Solutions Ltd
May Cottage
Ashfield Road
Norton
Bury St Edmunds
Suffolk
IP31 3NF

Greenheath Farming Company Limited (Registered number: 08607059)

Balance Sheet
31st January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,470,662 12,305,418
Investments 5 3,500 3,500
12,474,162 12,308,918

CURRENT ASSETS
Stocks 161,800 152,450
Debtors 6 4,275,076 2,871,497
Cash at bank 471,689 884,553
4,908,565 3,908,500
CREDITORS
Amounts falling due within one year 7 2,760,784 1,302,669
NET CURRENT ASSETS 2,147,781 2,605,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,621,943

14,914,749

CREDITORS
Amounts falling due after more than one
year

8

(9,116,286

)

(10,043,884

)

PROVISIONS FOR LIABILITIES (586,458 ) (161,304 )
NET ASSETS 4,919,199 4,709,561

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 802,148 802,148
Retained earnings 4,116,951 3,907,313
4,919,199 4,709,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

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

Greenheath Farming Company Limited (Registered number: 08607059)

Balance Sheet - continued
31st January 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 26th October 2023 and were signed on its behalf by:





T P V Clayton - Director


Greenheath Farming Company Limited (Registered number: 08607059)

Notes to the Financial Statements
for the Year Ended 31st January 2023

1. STATUTORY INFORMATION

Greenheath Farming Company 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.
Plant and machinery - 25% on reducing balance and 10% 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

Greenheath Farming Company Limited (Registered number: 08607059)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1st February 2022 9,899,115 3,741,670 13,640,785
Additions 40,129 928,941 969,070
Disposals - (442,800 ) (442,800 )
At 31st January 2023 9,939,244 4,227,811 14,167,055
DEPRECIATION
At 1st February 2022 128,250 1,207,117 1,335,367
Charge for year 14,248 507,353 521,601
Eliminated on disposal - (160,575 ) (160,575 )
At 31st January 2023 142,498 1,553,895 1,696,393
NET BOOK VALUE
At 31st January 2023 9,796,746 2,673,916 12,470,662
At 31st January 2022 9,770,865 2,534,553 12,305,418

If the freehold property has been revalued it would have been included at the following historical cost £9,096,967

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st February 2022
and 31st January 2023 3,500
NET BOOK VALUE
At 31st January 2023 3,500
At 31st January 2022 3,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 1,308,569 574,269
Other debtors 2,966,507 2,297,228
4,275,076 2,871,497

Greenheath Farming Company Limited (Registered number: 08607059)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 250,000 250,000
Hire purchase contracts (see note 9) 1,026,651 200,614
Trade creditors 806,785 745,275
Taxation and social security 191,349 104,780
Other creditors 485,999 2,000
2,760,784 1,302,669

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 8,369,988 8,369,988
Hire purchase contracts (see note 9) - 677,096
Other creditors 746,298 996,800
9,116,286 10,043,884

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.23 31.1.22
£    £   
Net obligations repayable:
Within one year 1,026,651 200,614
Between one and five years - 677,096
1,026,651 877,710

Non-cancellable operating leases
31.1.23 31.1.22
£    £   
Within one year 70,000 -
Between one and five years 140,000 -
210,000 -