IRIS Accounts Production v24.1.9.2 13150510 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh131505102023-03-31131505102024-03-31131505102023-04-012024-03-31131505102022-03-31131505102022-04-012023-03-31131505102023-03-3113150510ns15:EnglandWales2023-04-012024-03-3113150510ns14:PoundSterling2023-04-012024-03-3113150510ns10:Director12023-04-012024-03-3113150510ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113150510ns10:SmallEntities2023-04-012024-03-3113150510ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113150510ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113150510ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113150510ns10:FullAccounts2023-04-012024-03-3113150510ns10:Director22023-04-012024-03-3113150510ns10:Director32023-04-012024-03-3113150510ns10:CompanySecretary12023-04-012024-03-3113150510ns10:RegisteredOffice2023-04-012024-03-3113150510ns5:CurrentFinancialInstruments2024-03-3113150510ns5:CurrentFinancialInstruments2023-03-3113150510ns5:ShareCapital2024-03-3113150510ns5:ShareCapital2023-03-3113150510ns5:SharePremium2024-03-3113150510ns5:SharePremium2023-03-3113150510ns5:RetainedEarningsAccumulatedLosses2024-03-3113150510ns5:RetainedEarningsAccumulatedLosses2023-03-3113150510ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3113150510ns5:PlantMachinery2023-04-012024-03-3113150510ns5:FurnitureFittings2023-04-012024-03-3113150510ns5:MotorVehicles2023-04-012024-03-3113150510ns5:ComputerEquipment2023-04-012024-03-3113150510ns5:LandBuildings2023-03-3113150510ns5:PlantMachinery2023-03-3113150510ns5:FurnitureFittings2023-03-3113150510ns5:LandBuildings2023-04-012024-03-3113150510ns5:LandBuildings2024-03-3113150510ns5:PlantMachinery2024-03-3113150510ns5:FurnitureFittings2024-03-3113150510ns5:LandBuildings2023-03-3113150510ns5:PlantMachinery2023-03-3113150510ns5:FurnitureFittings2023-03-3113150510ns5:MotorVehicles2023-03-3113150510ns5:ComputerEquipment2023-03-3113150510ns5:MotorVehicles2024-03-3113150510ns5:ComputerEquipment2024-03-3113150510ns5:MotorVehicles2023-03-3113150510ns5:ComputerEquipment2023-03-3113150510ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3113150510ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3113150510ns5:DeferredTaxation2023-03-3113150510ns5:DeferredTaxation2023-04-012024-03-3113150510ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 13150510 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CAPES FARMS LIMITED

CAPES FARMS LIMITED (REGISTERED NUMBER: 13150510)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAPES FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J J S Capes
Mr M J Capes
Miss N A Capes





SECRETARY: Mrs S E B Capes





REGISTERED OFFICE: Hatherden House
Hatherden
Andover
Hampshire
SP11 0HX





REGISTERED NUMBER: 13150510 (England and Wales)





ACCOUNTANTS: Hysons
Chartered Accountants
14 London Street
Andover
Hampshire
SP10 2PA

CAPES FARMS LIMITED (REGISTERED NUMBER: 13150510)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,562,080 11,582,350

CURRENT ASSETS
Stocks 6 419,694 525,662
Debtors 7 37,655 59,958
Cash at bank and in hand 244,378 261,538
701,727 847,158
CREDITORS
Amounts falling due within one year 8 110,752 314,518
NET CURRENT ASSETS 590,975 532,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,153,055

12,114,990

PROVISIONS FOR LIABILITIES 9 1,635,977 1,639,682
NET ASSETS 10,517,078 10,475,308

CAPITAL AND RESERVES
Called up share capital 101,000 101,000
Share premium 10,473,850 10,473,850
Retained earnings (57,772 ) (99,542 )
10,517,078 10,475,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

CAPES FARMS LIMITED (REGISTERED NUMBER: 13150510)

BALANCE SHEET - continued
31 MARCH 2024


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 29 July 2024 and were signed on its behalf by:





Mr J J S Capes - Director


CAPES FARMS LIMITED (REGISTERED NUMBER: 13150510)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Capes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 land and buildings - 2% on cost
Tractors, combine & dryer - 25% on reducing balance
Implements - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Sundry equipment - 15% on reducing balance

There is no depreciation charge on land and buildings because the anticipated residual value is greater than the carrying value.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CAPES FARMS LIMITED (REGISTERED NUMBER: 13150510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Freehold Tractors,
land and combine &
buildings dryer Implements
£    £    £   
COST
At 1 April 2023 11,487,150 18,828 7,500
Additions - - 1,193
At 31 March 2024 11,487,150 18,828 8,693
DEPRECIATION
At 1 April 2023 - 8,237 2,515
Charge for year - 2,648 1,545
At 31 March 2024 - 10,885 4,060
NET BOOK VALUE
At 31 March 2024 11,487,150 7,943 4,633
At 31 March 2023 11,487,150 10,591 4,985

Motor Sundry
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 75,964 31,351 11,620,793
Additions - 436 1,629
At 31 March 2024 75,964 31,787 11,622,422
DEPRECIATION
At 1 April 2023 18,991 8,700 38,443
Charge for year 14,243 3,463 21,899
At 31 March 2024 33,234 12,163 60,342
NET BOOK VALUE
At 31 March 2024 42,730 19,624 11,562,080
At 31 March 2023 56,973 22,651 11,582,350

6. STOCKS
2024 2023
£    £   
Valuation 419,694 525,662

CAPES FARMS LIMITED (REGISTERED NUMBER: 13150510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,237 5,135
Directors current account 379 33,218
VAT 12,662 21,185
Prepayments 377 420
37,655 59,958

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 73,885 148,408
Corporation tax 29,674 24,555
Social security and other taxes 1,638 1,360
Other creditors 1,555 136,195
Accrued expenses 4,000 4,000
110,752 314,518

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 6,777 10,482
Deferred tax on land 1,629,200 1,629,200
1,635,977 1,639,682

Deferred
tax
£   
Balance at 1 April 2023 1,639,682
Provided during year (3,705 )
Balance at 31 March 2024 1,635,977

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J J S Capes.