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REGISTERED NUMBER: 00603843 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2023

for

A H Chantrell & Sons (Farmers) Limited

A H Chantrell & Sons (Farmers) Limited (Registered number: 00603843)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


A H Chantrell & Sons (Farmers) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A Chantrell
P J Chantrell





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicestershire
LE19 1WP





REGISTERED NUMBER: 00603843 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
A H Chantrell & Sons (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 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 A H Chantrell & Sons (Farmers) Limited for the year ended 31 March 2023 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 A H Chantrell & Sons (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 A H Chantrell & Sons (Farmers) Limited and state those matters that we have agreed to state to the Board of Directors of A H Chantrell & Sons (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 A H Chantrell & Sons (Farmers) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A H Chantrell & Sons (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 profit of A H Chantrell & Sons (Farmers) Limited. You consider that A H Chantrell & Sons (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 A H Chantrell & Sons (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.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


31 October 2023

A H Chantrell & Sons (Farmers) Limited (Registered number: 00603843)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161,191 179,682

CURRENT ASSETS
Stocks 382,480 279,170
Debtors 5 114,139 150,104
Cash at bank 311,409 214,715
808,028 643,989
CREDITORS
Amounts falling due within one year 6 89,316 63,014
NET CURRENT ASSETS 718,712 580,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

879,903

760,657

CREDITORS
Amounts falling due after more than
one year

7

-

(32,417

)

PROVISIONS FOR LIABILITIES (40,298 ) (8,685 )
NET ASSETS 839,605 719,555

CAPITAL AND RESERVES
Called up share capital 8 375 375
Capital redemption reserve 125 125
Retained earnings 839,105 719,055
SHAREHOLDERS' FUNDS 839,605 719,555

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

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

A H Chantrell & Sons (Farmers) Limited (Registered number: 00603843)

Balance Sheet - continued
31 March 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 31 October 2023 and were signed on its behalf by:





A Chantrell - Director


A H Chantrell & Sons (Farmers) Limited (Registered number: 00603843)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

A H Chantrell & Sons (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.

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

Turnover is recognised at the point at which the sale of crops and livestock is agreed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land - 0% depreciation
Tractors, combines & vehicles - 25% reducing balance
Fixtures and fittings - 15% reducing balance
Plant & machinery - 25% reducing balance

Stocks
Crop and store stocks are valued at lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Livestock and produce are valued at market 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.


A H Chantrell & Sons (Farmers) Limited (Registered number: 00603843)

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


2. ACCOUNTING POLICIES - continued
Deferred taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Tractors, Fixtures
Freehold combines and Plant &
land & vehicles fittings machinery Totals
£    £    £    £    £   
COST
At 1 April 2022 29,125 394,140 340,917 - 764,182
Additions - 22,500 - 2,850 25,350
At 31 March 2023 29,125 416,640 340,917 2,850 789,532
DEPRECIATION
At 1 April 2022 - 244,953 339,547 - 584,500
Charge for year - 42,922 206 713 43,841
At 31 March 2023 - 287,875 339,753 713 628,341
NET BOOK VALUE
At 31 March 2023 29,125 128,765 1,164 2,137 161,191
At 31 March 2022 29,125 149,187 1,370 - 179,682

The company has entered into a right to buy option agreement for the freehold land above of £29,125. This agreement is in place until such time the option is exercised and expires on 4 November 2039.

A H Chantrell & Sons (Farmers) Limited (Registered number: 00603843)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 15,705
Other debtors 22,825 22,536
Directors' current accounts 59,152 56,269
VAT 13,320 36,650
Prepayments and accrued income 18,842 18,944
114,139 150,104

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 32,417 32,491
Trade creditors 14,525 11,577
Tax 21,265 2,131
Social security and other taxes 2,209 8,165
Other creditors 15,000 2,000
Accrued expenses 3,900 6,650
89,316 63,014

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts - 32,417

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
375 Ordinary £1 375 375

A H Chantrell & Sons (Farmers) Limited (Registered number: 00603843)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
A Chantrell
Balance outstanding at start of year 53,176 51,334
Amounts advanced 21,496 3,842
Amounts repaid (17,000 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,672 53,176

P J Chantrell
Balance outstanding at start of year 3,093 632
Amounts advanced 3,807 4,461
Amounts repaid (5,420 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,480 3,093

These loans are unsecured, interest free and repayable on demand.