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REGISTERED NUMBER: 03322363 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Arbour Growers Limited

Arbour Growers Limited (Registered number: 03322363)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arbour Growers Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: J A Rees
M W Rees
C E Penman
R A Rees
G E Rees
C E Rees





REGISTERED OFFICE: 21 Gold Tops
Newport
Gwent
NP20 4PG





REGISTERED NUMBER: 03322363 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Arbour Growers Limited (Registered number: 03322363)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,354,390 1,356,301

CURRENT ASSETS
Stocks 14,304 160,656
Debtors 6 223,223 41,411
Cash at bank 1,366,289 1,349,800
1,603,816 1,551,867
CREDITORS
Amounts falling due within one year 7 66,055 246,811
NET CURRENT ASSETS 1,537,761 1,305,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,892,151

2,661,357

PROVISIONS FOR LIABILITIES 105,235 103,872
NET ASSETS 2,786,916 2,557,485

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,786,816 2,557,385
SHAREHOLDERS' FUNDS 2,786,916 2,557,485

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

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

Arbour Growers Limited (Registered number: 03322363)

Balance Sheet - continued
30 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 Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:




M W Rees - Director



C E Penman - Director


Arbour Growers Limited (Registered number: 03322363)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Arbour Growers Limited is a private company, limited by shares and is incorporated in England and Wales. The company's registered number is 03322363 and the address of its registered office is 21 Gold Tops, Newport, South Wales, NP20 4PG.

These financial statements are the company's separate financial statements, covering the year to 30 April 2023 and are presented in Sterling (£), the company's functional currency, rounded to the nearest pound.

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

2. STATEMENT OF COMPLIANCE

The individual financial statements of Arbour Growers Limited have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Items of income are recognised in the financial statements, net of applicable VAT, when the risks and rewards of ownership have passed to the consumer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost and not provided
Plant and machinery etc - 20% on cost, 15% on cost and 5% on cost

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 Statement of Income and Retained Earnings, 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.


Arbour Growers Limited (Registered number: 03322363)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 845,203 1,171,674 2,016,877
Additions - 69,775 69,775
Disposals - (3,250 ) (3,250 )
At 30 April 2023 845,203 1,238,199 2,083,402
DEPRECIATION
At 1 May 2022 12,511 648,065 660,576
Charge for year 635 71,050 71,685
Eliminated on disposal - (3,249 ) (3,249 )
At 30 April 2023 13,146 715,866 729,012
NET BOOK VALUE
At 30 April 2023 832,057 522,333 1,354,390
At 30 April 2022 832,692 523,609 1,356,301

The directors consider that there has not been a material change in value of freehold land and buildings since the date of purchase.

Arbour Growers Limited (Registered number: 03322363)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 112,267 1,752
Other debtors 110,956 39,659
223,223 41,411

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 11,114 150,220
Taxation and social security 9,165 46,354
Other creditors 45,776 50,237
66,055 246,811

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
70 Ordinary A £1 70 70
30 Ordinary B £1 30 30
100 100

9. RELATED PARTY DISCLOSURES

The following are transactions and balances with those holding a participating interest:

The company hired poultry units at a cost of £34,000 (2022:£34,000) and purchased wheat and seeds at a cost of £37,260 (2022:£28,294) from a connected party.

At the year end, the company was owed £5,816 by individuals holding a participating interest. No interest has been charged on this outstanding amount.

Also, the company incurred rental expenditure of £34,000 (2022:£34,000) on behalf of the individuals holding a participating interest.