IRIS Accounts Production v23.3.1.45 00487380 Board of Directors Board of Directors 1.11.22 31.10.23 31.10.23 false true false false false true false Ordinary 1.00000 Preference 4%% 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh004873802022-10-31004873802023-10-31004873802022-11-012023-10-31004873802021-10-31004873802021-11-012022-10-31004873802022-10-3100487380ns10:Originalns15:EnglandWales2022-11-012023-10-3100487380ns14:PoundSterlingns10:Original2022-11-012023-10-3100487380ns10:Originalns10:Director12022-11-012023-10-3100487380ns10:Original2022-11-012023-10-3100487380ns10:Originalns10:Director22022-11-012023-10-3100487380ns10:Original2023-10-3100487380ns10:Originalns10:PrivateLimitedCompanyLtd2022-11-012023-10-3100487380ns10:Originalns10:SmallEntities2022-11-012023-10-3100487380ns10:Originalns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3100487380ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3100487380ns10:SmallCompaniesRegimeForAccountsns10:Original2022-11-012023-10-3100487380ns10:Originalns10:AbridgedAccounts2022-11-012023-10-3100487380ns10:Original12022-11-012023-10-3100487380ns10:Originalns10:OrdinaryShareClass22022-11-012023-10-3100487380ns10:OrdinaryShareClass3ns10:Original2022-11-012023-10-3100487380ns10:Originalns10:Director32022-11-012023-10-3100487380ns10:Originalns10:Director42022-11-012023-10-3100487380ns10:Originalns10:RegisteredOffice2022-11-012023-10-3100487380ns10:Original2022-10-3100487380ns10:Originalns5:CurrentFinancialInstruments2023-10-3100487380ns10:Originalns5:CurrentFinancialInstruments2022-10-3100487380ns10:Originalns5:Non-currentFinancialInstruments2023-10-3100487380ns10:Originalns5:Non-currentFinancialInstruments2022-10-3100487380ns5:ShareCapitalns10:Original2023-10-3100487380ns5:ShareCapitalns10:Original2022-10-3100487380ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2023-10-3100487380ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2022-10-3100487380ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-10-3100487380ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-3100487380ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-11-012023-10-3100487380ns10:Original2021-11-012022-10-3100487380ns10:Original2022-10-3100487380ns10:Originalns10:OrdinaryShareClass22023-10-3100487380ns10:OrdinaryShareClass3ns10:Original2023-10-31
REGISTERED NUMBER: 00487380 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Copley Estates Limited

Copley Estates Limited (Registered number: 00487380)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Copley Estates Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr Robert Fyson Todd
Mrs Barbara Kay Todd
Mr Charles William Todd
Miss Holly Olivia Todd





REGISTERED OFFICE: The Estate Office
Copley Hill Farm
Cambridge Road
Babraham
Cambridgeshire
CB22 3AF





REGISTERED NUMBER: 00487380 (England and Wales)





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

Copley Estates Limited (Registered number: 00487380)

Abridged Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,960,280 10,867,955
Investments 6 3,220 3,220
10,963,500 10,871,175

CURRENT ASSETS
Biological assets 106,254 172,163
Debtors 630,645 476,949
Cash at bank and in hand 244,462 120,118
981,361 769,230
CREDITORS
Amounts falling due within one year 905,313 924,962
NET CURRENT ASSETS/(LIABILITIES) 76,048 (155,732 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,039,548

10,715,443

CREDITORS
Amounts falling due after more than one
year

(4,677,800

)

(4,717,087

)

PROVISIONS FOR LIABILITIES (858,062 ) (610,471 )
NET ASSETS 5,503,686 5,387,885

CAPITAL AND RESERVES
Called up share capital 7 13,000 13,000
Undistributable reserves 3,260,765 3,260,765
Retained earnings 2,229,921 2,114,120
SHAREHOLDERS' FUNDS 5,503,686 5,387,885

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

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

Copley Estates Limited (Registered number: 00487380)

Abridged Balance Sheet - continued
31 October 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 year ended 31 October 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 9 February 2024 and were signed on its behalf by:




Mr Robert Fyson Todd - Director



Mrs Barbara Kay Todd - Director


Copley Estates Limited (Registered number: 00487380)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Copley Estates 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced income from farming activities and subsidy income.

Intangible fixed asset
During the year ended 31 October 2000, a right to storage was purchased from Camgrain Ltd and treated as an intangible asset fixed asset. The useful economic life of the asset is deemed to be 20 years and the asset is amortised over this period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings- not provided
Plant and machinery etc- Straight line over 3 years and 25%, 20% & 15% on reducing balance

Leasehold investment properties are revalued annually and are included in the balance sheet at their fair value. In accordance with FRS102, no depreciation is provided in respect of investment properties and any fair value adjustments are recognised through the profit and loss account. The properties were valued by the directors in October 2021.

Biological assets
Biological assets is the valuation of growing and harvested crops. These are valued at the lower of cost and estimated selling price less costs to sell after making due allowance for obsolete or 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 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 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.

Copley Estates Limited (Registered number: 00487380)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 6 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 36,000
AMORTISATION
At 1 November 2022
and 31 October 2023 36,000
NET BOOK VALUE

At 31 October 2023 -
At 31 October 2022 -

Copley Estates Limited (Registered number: 00487380)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 November 2022 11,485,212
Additions 594,101
Disposals (451,500 )
At 31 October 2023 11,627,813
DEPRECIATION
At 1 November 2022 617,257
Charge for year 150,488
Eliminated on disposal (100,212 )
At 31 October 2023 667,533
NET BOOK VALUE
At 31 October 2023 10,960,280
At 31 October 2022 10,867,955

Cost or valuation at 31 October 2023 is represented by:

Totals
£   
Valuation in 2018 3,266,940
Valuation in 2009 (572,278 )
Valuation in 2005 170,230
Cost 8,762,921
11,627,813

Investment properties within Land & Buildings are held at fair value under FRS102 and were valued by the directors at £7,638,500 on the 31 October 2023. Freehold land is held within Land & Buildings at cost.


If the leasehold property had not been included at market value Land & Buildings would have been included under the historical cost convention as follows:

20232022
Cost7,533,7257,533,725
Accumulated depreciationNilNil
Net book value7,533,7257,533,725



Copley Estates Limited (Registered number: 00487380)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST OR VALUATION
At 1 November 2022 139,050
Additions 341,184
Disposals (78,300 )
At 31 October 2023 401,934
DEPRECIATION
At 1 November 2022 31,194
Charge for year 56,654
Eliminated on disposal (20,623 )
At 31 October 2023 67,225
NET BOOK VALUE
At 31 October 2023 334,709
At 31 October 2022 107,856

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 November 2022
and 31 October 2023 3,220
NET BOOK VALUE
At 31 October 2023 3,220
At 31 October 2022 3,220

The market value of the unlisted investments is not materially different from their cost.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
3,000 Ordinary £1 3,000 3,000
10,000 Preference 4% £1 10,000 10,000
13,000 13,000