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REGISTERED NUMBER: 09033801 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

E J BOURN (FARMING) LIMITED

E J BOURN (FARMING) LIMITED (REGISTERED NUMBER: 09033801)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


E J BOURN (FARMING) LIMITED

Company Information
for the year ended 31 March 2023







Director: Mr E J Bourn





Secretary: Mr M J Cherry





Registered office: Farm Office, Barn Farm,
Torrington Lane
Wragby
Market Rasen
Lincolnshire
LN8 5LE





Registered number: 09033801 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

E J BOURN (FARMING) LIMITED (REGISTERED NUMBER: 09033801)

Statement of Financial Position
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 79,997 71,543

Current assets
Stocks 5 1,043,425 838,049
Debtors 6 44,029 44,587
Cash at bank 216,689 87,187
1,304,143 969,823
Creditors
Amounts falling due within one year 7 302,597 277,174
Net current assets 1,001,546 692,649
Total assets less current liabilities 1,081,543 764,192

Creditors
Amounts falling due after more than one year 8 (45,372 ) (58,001 )

Provisions for liabilities (15,199 ) (13,593 )
Net assets 1,020,972 692,598

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 1,020,872 692,498
Shareholders' funds 1,020,972 692,598

E J BOURN (FARMING) LIMITED (REGISTERED NUMBER: 09033801)

Statement of Financial Position - continued
31 March 2023


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 director acknowledges his 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.

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 director and authorised for issue on 9 November 2023 and were signed by:





Mr E J Bourn - Director


E J BOURN (FARMING) LIMITED (REGISTERED NUMBER: 09033801)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

E J Bourn (Farming) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 8% Straight line

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Single farm payment
The single farm payment is recognised in the financial statements in accordance with H M Revenue and Customs guidance.

3. Employees and directors

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

E J BOURN (FARMING) LIMITED (REGISTERED NUMBER: 09033801)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 April 2022 97,988
Additions 17,000
At 31 March 2023 114,988
Depreciation
At 1 April 2022 26,445
Charge for year 8,546
At 31 March 2023 34,991
Net book value
At 31 March 2023 79,997
At 31 March 2022 71,543

5. Stocks
2023 2022
£ £
Valuation 1,043,425 838,049

6. Debtors: amounts falling due within one year
2023 2022
£ £
H R Bourn & Sons (Linwood)
Limited 264 -
H C Bourn (Farming) Limited 3,305 3,762
VAT 40,460 40,825
44,029 44,587

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 34,581 31,506
H R Bourn & Sons 192,556 170,119
H R Bourn & Sons (Linwood)
Limited - 1,845
Corporation tax 75,460 73,704
302,597 277,174

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Directors' loan accounts 45,372 58,001

E J BOURN (FARMING) LIMITED (REGISTERED NUMBER: 09033801)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary shares £1 100 100

10. Reserves
Retained
earnings
£

At 1 April 2022 692,498
Profit for the year 328,374
At 31 March 2023 1,020,872

11. Related party disclosures

Mr E J Bourn
Director of the Company.


During the year the company paid a rent for farm land of £71,500 (2022 - £19,000).

The directors' current account is unsecured interest free and repayable on demand, no amounts have been written off during the year.

During the year the Director was repaid £12,629. (2022 repaid £113,577).

2023 2022
£ £
Amount due to related party at the balance sheet date 45,372 58,001

H R Bourn and Sons

In which Mr E J Bourn, is a partner.


During the year the company invoiced H R Bourn and Sons for farming operations on an arms' length farm contracting arrangement, for an amount of £69,587 (2022 - £117,440).

During the year H R Bourn and Sons invoiced the company for farming operations on an arms' length farm contracting arrangement, for an amount of £385,947 (2022 - £457,904).

2023 2022
£ £
Amount due to related party at the balance sheet date 192,556 170,119

E J BOURN (FARMING) LIMITED (REGISTERED NUMBER: 09033801)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


11. Related party disclosures - continued

H R Bourn & Sons (Linwood) Limited

Company owned by the Director's mother.


During the year the company invoiced H R Bourn & Sons (Linwood) Limited for farming operations on an arms' length farm contracting arrangement, for an amount of £1,138, (2022 - £11,669).

During the year H R Bourn & Sons (Linwood) invoiced the company for farming operations on an arms' length farm contracting arrangement, for an amount of £1,257 (2022 - £12,142).

2023 2022
£ £
Amount due from/(to) related party at the balance sheet date 264 (1,845 )

H C Bourn & Son (Farming) Limited

Company owned by Director's brother.


During the year the company invoiced H C Bourn & Son (Farming) Limited for farming operations on an arms' length farm contracting arrangement, for an amount of £5,220. (2022 - £8,824).

During the year H C Bourn & Son (Farming) Limited invoiced the company for farming operations on an arms' length farm contracting arrangement, for an amount of £1,928 (2022 - £2,316).

2023 2022
£ £
Amount due from related party at the balance sheet date 3,305 3,762

12. Ultimate controlling party

The controlling party is Mr E J Bourn.