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REGISTERED NUMBER: 00778863 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH SEPTEMBER 2023

FOR

C E W SAUNDERS (ODIHAM) LIMITED

C E W SAUNDERS (ODIHAM) LIMITED (REGISTERED NUMBER: 00778863)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C E W SAUNDERS (ODIHAM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH SEPTEMBER 2023







DIRECTORS: R R W Saunders
Mrs A L Saunders



SECRETARY: Mrs M K Saunders



REGISTERED OFFICE: Newlands Farm
Long Lane
Odiham
Hampshire
RG29 1JD



REGISTERED NUMBER: 00778863 (England and Wales)



ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: Lloyds Bank Plc
75 Castle Street
Farnham
Surrey
GU9 7LT

C E W SAUNDERS (ODIHAM) LIMITED (REGISTERED NUMBER: 00778863)

BALANCE SHEET
29TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,259,219 8,256,269
Investments 5 83 83
8,259,302 8,256,352

CURRENT ASSETS
Stocks 6 395,999 564,008
Debtors 7 149,265 194,131
Cash at bank 561,756 339,022
1,107,020 1,097,161
CREDITORS
Amounts falling due within one year 8 5,010,438 5,236,905
NET CURRENT LIABILITIES (3,903,418 ) (4,139,744 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,355,884

4,116,608

PROVISIONS FOR LIABILITIES 34,045 36,465
NET ASSETS 4,321,839 4,080,143

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Capital redemption reserve 79,616 79,616
Retained earnings 4,239,223 3,997,527
SHAREHOLDERS' FUNDS 4,321,839 4,080,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th 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.

C E W SAUNDERS (ODIHAM) LIMITED (REGISTERED NUMBER: 00778863)

BALANCE SHEET - continued
29TH SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th February 2024 and were signed on its behalf by:





R R W Saunders - Director


C E W SAUNDERS (ODIHAM) LIMITED (REGISTERED NUMBER: 00778863)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH SEPTEMBER 2023


1. STATUTORY INFORMATION

C E W Saunders (Odiham) 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.

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 - nil
Plant and machinery - 15% on cost
Tractors and combines - 20% on cost

No depreciation is provided on freehold property. It is the company's practice to maintain this asset in a continual state of sound repair and accordingly the directors consider that the residual value will always be equal to or greater than its cost.


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 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.

C E W SAUNDERS (ODIHAM) LIMITED (REGISTERED NUMBER: 00778863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH SEPTEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Tractors
Freehold Plant and and
property machinery combines Totals
£    £    £    £   
COST
At 30th September 2022 8,127,642 739,314 406,120 9,273,076
Additions 15,686 12,317 - 28,003
At 29th September 2023 8,143,328 751,631 406,120 9,301,079
DEPRECIATION
At 30th September 2022 - 610,687 406,120 1,016,807
Charge for year - 25,053 - 25,053
At 29th September 2023 - 635,740 406,120 1,041,860
NET BOOK VALUE
At 29th September 2023 8,143,328 115,891 - 8,259,219
At 29th September 2022 8,127,642 128,627 - 8,256,269

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 30th September 2022
and 29th September 2023 83
NET BOOK VALUE
At 29th September 2023 83
At 29th September 2022 83

6. STOCKS
2023 2022
£    £   
Crops in store 284,950 455,840
Growing crops, tillages and goods in store 106,979 102,468
Other stocks 4,070 5,700
395,999 564,008

C E W SAUNDERS (ODIHAM) LIMITED (REGISTERED NUMBER: 00778863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH SEPTEMBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 49,329 32,180
Other debtors 99,936 161,951
149,265 194,131

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,026 8,052
Trade creditors 17,016 17,308
Taxation and social security 87,126 160,294
Other creditors 4,902,270 5,051,251
5,010,438 5,236,905