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REGISTERED NUMBER: 09081800 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SWANTON FARMS LIMITED

SWANTON FARMS LIMITED (REGISTERED NUMBER: 09081800)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWANTON FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: C J Swanton
H J Swanton
A C Swanton
Mrs L M Swanton
Mrs C C Swanton
Miss R E Barnett





REGISTERED OFFICE: Manor Farm
South Newton
Salisbury
SP2 0QD





REGISTERED NUMBER: 09081800 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

SWANTON FARMS LIMITED (REGISTERED NUMBER: 09081800)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 707,655 727,248

CURRENT ASSETS
Stocks 330,260 436,031
Debtors 5 299,349 97,164
Investments 6 8,440 12,040
Cash at bank 789,300 723,111
1,427,349 1,268,346
CREDITORS
Amounts falling due within one year 7 615,730 603,836
NET CURRENT ASSETS 811,619 664,510
TOTAL ASSETS LESS CURRENT LIABILITIES 1,519,274 1,391,758

CREDITORS
Amounts falling due after more than one
year

8

(358,398

)

(327,926

)

PROVISIONS FOR LIABILITIES (169,958 ) (132,553 )
NET ASSETS 990,918 931,279

CAPITAL AND RESERVES
Called up share capital 9 990 990
Retained earnings 989,928 930,289
SHAREHOLDERS' FUNDS 990,918 931,279

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

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

SWANTON FARMS LIMITED (REGISTERED NUMBER: 09081800)

BALANCE SHEET - continued
30 JUNE 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 by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:




H J Swanton - Director C J Swanton - Director




A C Swanton - Director


SWANTON FARMS LIMITED (REGISTERED NUMBER: 09081800)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Swanton 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

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

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.
Improvements to property - 8% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

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.


SWANTON FARMS LIMITED (REGISTERED NUMBER: 09081800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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.

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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

SWANTON FARMS LIMITED (REGISTERED NUMBER: 09081800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 1,297,637
Additions 173,627
Disposals (76,887 )
At 30 June 2023 1,394,377
DEPRECIATION
At 1 July 2022 570,389
Charge for year 154,164
Eliminated on disposal (37,831 )
At 30 June 2023 686,722
NET BOOK VALUE
At 30 June 2023 707,655
At 30 June 2022 727,248

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 275,453 78,123
Other debtors 23,896 19,041
299,349 97,164

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 8,440 12,040

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 103,131 110,787
Taxation and social security 97,470 96,555
Other creditors 415,129 396,494
615,730 603,836

SWANTON FARMS LIMITED (REGISTERED NUMBER: 09081800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 358,398 327,926

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
648 A £1 648 648
243 B £1 243 243
24 C £1 24 24
24 D £1 24 24
24 E £1 24 24
9 F £1 9 9
9 H £1 9 9
9 G £1 9 9
990 990

10. RELATED PARTY DISCLOSURES

Included in creditors due within one year is £90,000 (2022 £90,000) owed to the directors of the company.

Included in creditors due after more than one year is £358,397 (2022 £327,925) owed to the directors of the company.