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REGISTERED NUMBER: 00357392
















Unaudited Financial Statements

for the Period 1 May 2022 to 31 August 2023

for

Thriplow Farms Limited

Thriplow Farms Limited (Registered number: 00357392)






Contents of the Financial Statements
for the Period 1 May 2022 to 31 August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Thriplow Farms Limited

Company Information
for the Period 1 May 2022 to 31 August 2023







DIRECTORS: Hon O Walston
Mrs A L Walston
Mr D Walston





SECRETARY: Mrs A L Walston





REGISTERED OFFICE: Thriplow Farms
Thriplow
Royston
Hertfordshire
SG8 7RG





REGISTERED NUMBER: 00357392





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Thriplow Farms Limited (Registered number: 00357392)

Abridged Balance Sheet
31 August 2023

31.8.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,586,549 6,210,830
Investments 5 420,204 320,996
7,006,753 6,531,826

CURRENT ASSETS
Stocks 708,993 531,369
Debtors 123,289 389,176
Cash at bank 277,234 257,018
1,109,516 1,177,563
CREDITORS
Amounts falling due within one year 534,694 322,930
NET CURRENT ASSETS 574,822 854,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,581,575

7,386,459

CREDITORS
Amounts falling due after more than one
year

6

(2,345,630

)

(2,512,030

)

PROVISIONS FOR LIABILITIES 8 (117,678 ) (86,577 )
NET ASSETS 5,118,267 4,787,852

CAPITAL AND RESERVES
Called up share capital 9 14,839 14,839
Revaluation reserve 10 946,109 946,109
Capital redemption reserve 10 1 1
Retained earnings 10 4,157,318 3,826,903
SHAREHOLDERS' FUNDS 5,118,267 4,787,852

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

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

Thriplow Farms Limited (Registered number: 00357392)

Abridged Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 January 2024 and were signed on its behalf by:




Hon O Walston - Director



Mr D Walston - Director


Thriplow Farms Limited (Registered number: 00357392)

Notes to the Financial Statements
for the Period 1 May 2022 to 31 August 2023

1. STATUTORY INFORMATION

Thriplow Farms Limited is a private company, limited by shares , registered in Not specified/Other. 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 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 each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - Straight line over 20 years
Plant and machinery - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2022 - 5 ) .

Thriplow Farms Limited (Registered number: 00357392)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 August 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 8,359,273
Additions 517,036
Disposals (142,000 )
At 31 August 2023 8,734,309
DEPRECIATION
At 1 May 2022 2,148,443
Charge for period 124,106
Eliminated on disposal (124,789 )
At 31 August 2023 2,147,760
NET BOOK VALUE
At 31 August 2023 6,586,549
At 30 April 2022 6,210,830

FRS 15 has been implemented and freehold land is held at a valuation existing at the date that FRS 15 was implemented plus further additions at cost. A full valuation was carried out on 30 April 1996 on the basis of existing use value, by the directors at open market value. The cost of freehold land which was revalued is £551,039 and the revaluation reserve of £946,109 relates to this land. The overall cost of freehold land stands at £5,161,797 (2022 - £5,161,797). All other fixed assets are included at cost.

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 May 2022 320,996
Additions 84,861
Revaluations 14,347
At 31 August 2023 420,204
NET BOOK VALUE
At 31 August 2023 420,204
At 30 April 2022 320,996

Cost or valuation at 31 August 2023 is represented by:
Totals
£   
Valuation in 2022 10,702
Valuation in 2023 14,347
Cost 395,155
420,204

All assets are stated on a historical cost basis.

Thriplow Farms Limited (Registered number: 00357392)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.8.23 30.4.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 1,916,830 2,320,030

7. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 30.4.22
£    £   
Bank loans 2,452,830 2,560,030
Hire purchase contracts 43,838 -
2,496,668 2,560,030

The security for the bank and pension scheme loans are over land owned by the company. Hire purchase borrowing is secured over the respective assets subject to finance.

8. PROVISIONS FOR LIABILITIES
31.8.23 30.4.22
£    £   
Deferred tax 117,678 86,577

Deferred
tax
£   
Balance at 1 May 2022 86,577
Charge in year 31,101
Balance at 31 August 2023 117,678

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 30.4.22
value: £    £   
14,000 Ordinary £0.01 140 140
13,999 Deferred £1.00 13,999 13,999
69,995 Deferred Ordinary £0.01 700 700
14,839 14,839

Non voting ordinary shares have no voting rights but otherwise rank equally with the other ordinary shares. The deferred shares of £1.00 each are entitled to one tenth of the dividend payable in respect of ordinary shares after one million pounds has been distributed by the way of a dividend in respect of the ordinary shares. The deferred shares of £1.00 each rank paripassu with ordinary shares in respect of surplus capital.

Thriplow Farms Limited (Registered number: 00357392)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 August 2023

10. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 May 2022 3,826,903 946,109 1 4,773,013
Profit for the period 330,415 330,415
At 31 August 2023 4,157,318 946,109 1 5,103,428