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W.E COOK (FARMERS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH APRIL 2023






W.E COOK (FARMERS) LIMITED (REGISTERED NUMBER: 00733499)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

W.E COOK (FARMERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: E V Cook
C A Cook
R J Cook





REGISTERED OFFICE: Bourne End Farm
Bourne End
Wootton
Bedford
BEDS MK43 9AP





REGISTERED NUMBER: 00733499 (England and Wales)





ACCOUNTANTS: Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

W.E COOK (FARMERS) LIMITED (REGISTERED NUMBER: 00733499)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,501,924 14,292,912

CURRENT ASSETS
Stocks 361,380 545,950
Debtors 5 225,069 60,390
Cash at bank 395,103 634,198
981,552 1,240,538
CREDITORS
Amounts falling due within one year 6 240,145 225,298
NET CURRENT ASSETS 741,407 1,015,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,243,331

15,308,152

PROVISIONS FOR LIABILITIES 1,887,760 1,830,297
NET ASSETS 13,355,571 13,477,855

CAPITAL AND RESERVES
Called up share capital 315 315
Share premium 674,986 674,986
Revaluation reserve 7 9,693,055 9,729,829
Retained earnings 2,987,215 3,072,725
SHAREHOLDERS' FUNDS 13,355,571 13,477,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

W.E COOK (FARMERS) LIMITED (REGISTERED NUMBER: 00733499)

BALANCE SHEET - continued
30TH 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st November 2023 and were signed on its behalf by:





R J Cook - Director


W.E COOK (FARMERS) LIMITED (REGISTERED NUMBER: 00733499)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

W.E Cook (Farmers) 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents net invoiced sales of crops and livestock, excluding value added tax. Other operating income includes rents received for farm cottages, wayleave income and subsidy receipts.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation is provided on freehold land.

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 Profit and loss, 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.

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.

W.E COOK (FARMERS) LIMITED (REGISTERED NUMBER: 00733499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st May 2022 13,980,123 1,042,950 57,750 15,080,823
Additions - 322,185 9,039 331,224
Disposals (44,000 ) (68,000 ) - (112,000 )
At 30th April 2023 13,936,123 1,297,135 66,789 15,300,047
DEPRECIATION
At 1st May 2022 - 751,776 36,135 787,911
Charge for year - 56,961 6,486 63,447
Eliminated on disposal - (53,235 ) - (53,235 )
At 30th April 2023 - 755,502 42,621 798,123
NET BOOK VALUE
At 30th April 2023 13,936,123 541,633 24,168 14,501,924
At 30th April 2022 13,980,123 291,174 21,615 14,292,912

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 112,495 18,241
Other debtors - 1,198
Corporation tax 41,217 -
VAT 45,001 22,095
Prepayments & accrued income 26,356 18,856
225,069 60,390

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 73,260 29,690
Corporation tax - 41,217
Social security and other taxes 349 -
Net wages outstanding 4,201 -
Directors' current accounts 148,335 142,991
Accrued expenses 14,000 11,400
240,145 225,298

W.E COOK (FARMERS) LIMITED (REGISTERED NUMBER: 00733499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

7. RESERVES
Revaluation
reserve
£   
At 1st May 2022 9,729,829
Realised to P&L (36,774 )

At 30th April 2023 9,693,055

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E V Cook.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
W.E COOK (FARMERS) 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 Statement of Comprehensive Income 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 W.E Cook (Farmers) Limited for the year ended 30th April 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 W.E Cook (Farmers) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W.E Cook (Farmers) Limited and state those matters that we have agreed to state to the Board of Directors of W.E Cook (Farmers) 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 W.E Cook (Farmers) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that W.E Cook (Farmers) 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 W.E Cook (Farmers) Limited. You consider that W.E Cook (Farmers) 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 W.E Cook (Farmers) 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.






Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


2nd November 2023