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REGISTERED NUMBER: 01161422 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

AVON TYRRELL FARMS LIMITED

AVON TYRRELL FARMS LIMITED (REGISTERED NUMBER: 01161422)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVON TYRRELL FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Lord Manners
Lady Manners



SECRETARY: Lord Manners



REGISTERED OFFICE: Court Farm
Avon
Christchurch
Dorset
BH23 7BG



REGISTERED NUMBER: 01161422 (England and Wales)



ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: Barclays Bank plc
6/8 High Street
Ringwood
Hampshire
BH24 1BZ



SOLICITORS: Osborne Clarke
2 Temple Back East
Temple Quay
Bristol
BS1 6EG

AVON TYRRELL FARMS LIMITED (REGISTERED NUMBER: 01161422)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,323 2,788
Tangible assets 5 1,157,132 1,077,453
Investments 6 100 100
1,159,555 1,080,341

CURRENT ASSETS
Stocks 143,867 154,243
Debtors 7 1,209,071 869,576
Cash in hand 318 318
1,353,256 1,024,137
CREDITORS
Amounts falling due within one year 8 1,207,463 532,628
NET CURRENT ASSETS 145,793 491,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,305,348

1,571,850

CREDITORS
Amounts falling due after more than one
year

9

(27,081

)

(378,300

)

PROVISIONS FOR LIABILITIES (55,349 ) (28,502 )
NET ASSETS 1,222,918 1,165,048

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Share premium 1,811 1,811
Retained earnings 1,181,107 1,123,237
SHAREHOLDERS' FUNDS 1,222,918 1,165,048

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

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

AVON TYRRELL FARMS LIMITED (REGISTERED NUMBER: 01161422)

BALANCE SHEET - continued
31ST 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 12th November 2023 and were signed on its behalf by:





Lord Manners - Director


AVON TYRRELL FARMS LIMITED (REGISTERED NUMBER: 01161422)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Avon Tyrrell Farms 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 represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

BPS Entitlement is being amortised evenly over its estimated useful life of eight years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Property improvements - 10% on reducing balance
Plant and machinery - 20% on reducing balance and 10% on reducing balance
Tractors & combines - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock is valued by a professional valuer and is stated at the lower of cost and net realisable value in accordance with BEN 19.

Crops, produce in store and home produced livestock are valued at cost of production. The value of purchased livestock, seed, fertilisers, sprays, feed and fuel is based on purchase price. The cost of cultivations have been calculated by the professional valuer.

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.


AVON TYRRELL FARMS LIMITED (REGISTERED NUMBER: 01161422)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


2. 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
BPS
Entitlement
£   
COST
At 1st April 2022
and 31st March 2023 15,717
AMORTISATION
At 1st April 2022 12,929
Amortisation for year 465
At 31st March 2023 13,394
NET BOOK VALUE
At 31st March 2023 2,323
At 31st March 2022 2,788

AVON TYRRELL FARMS LIMITED (REGISTERED NUMBER: 01161422)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2022 1,359,070 769,318 2,128,388
Additions - 155,556 155,556
Disposals - (94,845 ) (94,845 )
At 31st March 2023 1,359,070 830,029 2,189,099
DEPRECIATION
At 1st April 2022 484,145 566,790 1,050,935
Charge for year 17,217 34,573 51,790
Eliminated on disposal - (70,758 ) (70,758 )
At 31st March 2023 501,362 530,605 1,031,967
NET BOOK VALUE
At 31st March 2023 857,708 299,424 1,157,132
At 31st March 2022 874,925 202,528 1,077,453

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2022 159,000
Additions 99,043
At 31st March 2023 258,043
DEPRECIATION
At 1st April 2022 102,192
Charge for year 14,202
At 31st March 2023 116,394
NET BOOK VALUE
At 31st March 2023 141,649
At 31st March 2022 56,808

AVON TYRRELL FARMS LIMITED (REGISTERED NUMBER: 01161422)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2022
and 31st March 2023 100
NET BOOK VALUE
At 31st March 2023 100
At 31st March 2022 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 814,471 38,161
Other debtors 394,600 831,415
1,209,071 869,576

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 669,058 154,954
Hire purchase contracts 27,081 12,400
Trade creditors 232,241 171,382
Taxation and social security 6,152 48,019
Other creditors 272,931 145,873
1,207,463 532,628

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 353,500
Hire purchase contracts 27,081 24,800
27,081 378,300