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REGISTERED NUMBER: 00414517 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Bapton Manor Farm Limited

Bapton Manor Farm Limited (Registered number: 00414517)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


Bapton Manor Farm Limited (Registered number: 00414517)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,135,972 2,109,067
Investments 6 545 545
Investment property 7 9,283,549 9,075,001
11,420,066 11,184,613

CURRENT ASSETS
Stocks 1,165,526 846,713
Debtors 8 176,802 530,754
Cash at bank 139,897 143,543
1,482,225 1,521,010
CREDITORS
Amounts falling due within one year 9 1,066,749 935,260
NET CURRENT ASSETS 415,476 585,750
TOTAL ASSETS LESS CURRENT LIABILITIES 11,835,542 11,770,363

CREDITORS
Amounts falling due after more than one year 10 (2,373,895 ) (2,447,109 )

PROVISIONS FOR LIABILITIES (1,530,072 ) (1,471,170 )
NET ASSETS 7,931,575 7,852,084

CAPITAL AND RESERVES
Called up share capital 60,100 60,100
Revaluation reserve 1,194,789 1,194,789
Other reserves 6,603 6,603
Retained earnings 6,670,083 6,590,592
SHAREHOLDERS' FUNDS 7,931,575 7,852,084

Bapton Manor Farm Limited (Registered number: 00414517)

Balance Sheet - continued
30 September 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 2 April 2024 and were signed on its behalf by:





Mr C J Lyall - Director


Bapton Manor Farm Limited (Registered number: 00414517)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Bapton Manor Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00414517

Registered office: The Farm Office
Bapton Manor Farm
Bapton
Warminster
Wiltshire
BA12 0SB

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.

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 entitlements - fully amortised

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 - 1% on cost and not provided
Plant and machinery etc - 20% on reducing balance, 10% on cost, 10% on reducing balance and 5% on cost

Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate, determined annually by the directors. Changes in fair value are recognised in the profit and loss account.

Stocks
Stock is valued at the lower of cost and net realisable value. Home grown produce has been valued in accordance with H M Revenue & Customs guidance HS232.

Bapton Manor Farm Limited (Registered number: 00414517)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Classification
The company holds the following financial instruments:

Short term debtors and creditors;
Cash and bank balances; and
Unlisted investments.

All financial instruments are classified as basic.

Recognition and measurement
The company has elected to apply the provisions FRS102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transition costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 the profit and loss account in the period to which they relate.

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 lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account 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 3 (2022 - 3 ) .

Bapton Manor Farm Limited (Registered number: 00414517)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. INTANGIBLE FIXED ASSETS
BPS
entitlements
£   
COST
At 1 October 2022
and 30 September 2023 146,190
AMORTISATION
At 1 October 2022
and 30 September 2023 146,190
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Land and Plant and
buildings machinery Totals
£    £    £   
COST
At 1 October 2022 1,912,321 881,847 2,794,168
Additions - 52,170 52,170
At 30 September 2023 1,912,321 934,017 2,846,338
DEPRECIATION
At 1 October 2022 88,744 596,357 685,101
Charge for year 1,249 24,016 25,265
At 30 September 2023 89,993 620,373 710,366
NET BOOK VALUE
At 30 September 2023 1,822,328 313,644 2,135,972
At 30 September 2022 1,823,577 285,490 2,109,067

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022
and 30 September 2023 545
NET BOOK VALUE
At 30 September 2023 545
At 30 September 2022 545

Bapton Manor Farm Limited (Registered number: 00414517)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 9,075,001
Revaluations 208,548
At 30 September 2023 9,283,549
NET BOOK VALUE
At 30 September 2023 9,283,549
At 30 September 2022 9,075,001

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. Changes in fair value are recognised in the profit and loss account.

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2023 7,178,644
Cost 2,104,905
9,283,549

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,045 458,337
Other debtors 161,757 72,417
176,802 530,754

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 77,562 81,910
Trade creditors 401,122 317,222
Taxation and social security 41,960 123,342
Other creditors 546,105 412,786
1,066,749 935,260

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 2,373,895 2,447,109

Bapton Manor Farm Limited (Registered number: 00414517)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,451,457 2,529,019

Bank loans are secured on the company's freehold land and buildings.


Bank loans, payable by instalments, which fall due after five years amount to £2,063,646 (2022: £2,119,468).