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REGISTERED NUMBER: 01340287 (England and Wales)















Unaudited Financial Statements

for the Period 1 October 2022 to 30 June 2023

for

F & D Farms Limited

F & D Farms Limited (Registered number: 01340287)

Contents of the Financial Statements
for the Period 1 October 2022 to 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F & D Farms Limited

Company Information
for the Period 1 October 2022 to 30 June 2023







DIRECTORS: Mrs P J A Deans
Mr M J A Gurnett





REGISTERED OFFICE: Baker's Lodge
3 High Street
Stock
Nr. Ingatestone
Essex
CM4 9BD





REGISTERED NUMBER: 01340287 (England and Wales)

F & D Farms Limited (Registered number: 01340287)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,679 3,128
Investments 6 2,989 16,471
Investment property 7 - 1,803,000
5,668 1,822,599

CURRENT ASSETS
Debtors 8 35 1,639
Cash at bank 388,460 11,899
388,495 13,538
CREDITORS
Amounts falling due within one year 9 265,713 10,206
NET CURRENT ASSETS 122,782 3,332
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,450

1,825,931

PROVISIONS FOR LIABILITIES 670 396,735
NET ASSETS 127,780 1,429,196

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve - 1,187,915
Retained earnings 127,680 241,181
SHAREHOLDERS' FUNDS 127,780 1,429,196

F & D Farms Limited (Registered number: 01340287)

Balance Sheet - continued
30 June 2023


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

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

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 28 November 2023 and were signed on its behalf by:




Mrs P J A Deans - Director



Mr M J A Gurnett - Director


F & D Farms Limited (Registered number: 01340287)

Notes to the Financial Statements
for the Period 1 October 2022 to 30 June 2023


1. STATUTORY INFORMATION

F & D 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the period 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.


F & D Farms Limited (Registered number: 01340287)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 30 June 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 period 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 period was NIL (2022 - NIL).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 6,259
Additions 237
Disposals (390 )
At 30 June 2023 6,106
DEPRECIATION
At 1 October 2022 3,131
Charge for period 618
Eliminated on disposal (322 )
At 30 June 2023 3,427
NET BOOK VALUE
At 30 June 2023 2,679
At 30 September 2022 3,128

F & D Farms Limited (Registered number: 01340287)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 30 June 2023


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2022 16,471
Additions 85
Disposals (10,437 )
Revaluations (3,130 )
At 30 June 2023 2,989
NET BOOK VALUE
At 30 June 2023 2,989
At 30 September 2022 16,471

Cost or valuation at 30 June 2023 is represented by:

Other
investments
£   
Valuation in 2018 2,045
Valuation in 2019 863
Valuation in 2020 1,471
Valuation in 2021 5,287
Valuation in 2022 (2,315 )
Valuation in 2023 (9,481 )
Cost 5,119
2,989

If listed investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 5,119 9,120

Listed investments were valued on an open market basis on 30 June 2023 by Jennings Wealth Management Ltd .

The directors have revalued the investments held by the company to reflect their fair value in accordance with FRS 102 Section 1A.

The directors have provided a breakdown of the valuation of the investments held at 30 June 2023.

F & D Farms Limited (Registered number: 01340287)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 30 June 2023


7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 1,803,000
Disposals (1,803,000 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 September 2022 1,803,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 35 1,639

Included within other debtors disclosed above is a balance of £nil (2022 - £1,639) in relation to prepaid expenses and a balance of £35 (2022 - £nil) in relation to other debtors.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 333 2,040
Taxation and social security 256,289 228
Other creditors 9,091 7,938
265,713 10,206

Included within other creditors disclosed above is a balance of £2,699 (2022 - £2,667) in relation to accrued expenses and a balance of £6,392 (2022 - £5,271) in relation to the directors' loan accounts.