Ron Morton Farming Limited 03336987 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Farming Digita Accounts Production Advanced 6.30.9574.0 true 03336987 2023-04-01 2024-03-31 03336987 2024-03-31 03336987 core:CurrentFinancialInstruments 2024-03-31 03336987 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03336987 core:OtherResidualIntangibleAssets 2024-03-31 03336987 core:LandBuildings 2024-03-31 03336987 core:OtherPropertyPlantEquipment 2024-03-31 03336987 bus:SmallEntities 2023-04-01 2024-03-31 03336987 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03336987 bus:FilletedAccounts 2023-04-01 2024-03-31 03336987 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03336987 bus:RegisteredOffice 2023-04-01 2024-03-31 03336987 bus:Director1 2023-04-01 2024-03-31 03336987 bus:Director2 2023-04-01 2024-03-31 03336987 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03336987 core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 03336987 core:ComputerEquipment 2023-04-01 2024-03-31 03336987 core:Land 2023-04-01 2024-03-31 03336987 core:LandBuildings 2023-04-01 2024-03-31 03336987 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 03336987 countries:England 2023-04-01 2024-03-31 03336987 2023-03-31 03336987 core:OtherResidualIntangibleAssets 2023-03-31 03336987 core:LandBuildings 2023-03-31 03336987 core:OtherPropertyPlantEquipment 2023-03-31 03336987 2022-04-01 2023-03-31 03336987 2023-03-31 03336987 core:CurrentFinancialInstruments 2023-03-31 03336987 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03336987 core:OtherResidualIntangibleAssets 2023-03-31 03336987 core:LandBuildings 2023-03-31 03336987 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 03336987

Ron Morton Farming Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Ron Morton Farming Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Ron Morton Farming Limited

Company Information

Directors

Mrs B Carver

Dr V Hudson

Registered office

51 St. John Street
Ashbourne
Derbyshire
DE6 1GP

Accountants

Coates and Partners Limited
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

Ron Morton Farming Limited

(Registration number: 03336987)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

1,913

Tangible assets

5

1,955

28,432

 

1,955

30,345

Current assets

 

Debtors

6

4,646

3,463

Cash at bank and in hand

 

294,521

416,173

 

299,167

419,636

Creditors: Amounts falling due within one year

7

(68,000)

(162,088)

Net current assets

 

231,167

257,548

Net assets

 

233,122

287,893

Capital and reserves

 

Called up share capital

100

100

Capital redemption reserve

21,200

21,200

Retained earnings

211,822

266,593

Shareholders' funds

 

233,122

287,893

 

Ron Morton Farming Limited

(Registration number: 03336987)
Balance Sheet as at 31 March 2024 (continued)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the Board on 31 July 2024 and signed on its behalf by:
 

.........................................
Mrs B Carver
Director

.........................................
Dr V Hudson
Director

 
     
 

Ron Morton Farming Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital incorporated in England registration number: 03336987.

The address of its registered office is:
51 St. John Street
Ashbourne
Derbyshire
DE6 1GP
United Kingdom

These financial statements were authorised for issue by the Board on 31 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Ron Morton Farming Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land

not depreciated

Computer equipment

Straight line over 3 years

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Other Intangibles

10% straight line basis

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Ron Morton Farming Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 April 2023

3,849

3,849

Disposals

(3,849)

(3,849)

At 31 March 2024

-

-

Amortisation

At 1 April 2023

1,936

1,936

Amortisation eliminated on disposals

(1,936)

(1,936)

At 31 March 2024

-

-

Carrying amount

At 31 March 2024

-

-

At 31 March 2023

1,913

1,913

 

Ron Morton Farming Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

25,805

3,348

29,153

Additions

-

832

832

Disposals

(25,805)

(1,283)

(27,088)

At 31 March 2024

-

2,897

2,897

Depreciation

At 1 April 2023

-

721

721

Charge for the year

-

827

827

Eliminated on disposal

-

(606)

(606)

At 31 March 2024

-

942

942

Carrying amount

At 31 March 2024

-

1,955

1,955

At 31 March 2023

25,805

2,627

28,432

Included within the net book value of land and buildings above is £Nil (2023 - £25,805) in respect of freehold land and buildings.
 

6

Debtors

2024
£

2023
£

Other debtors

4,646

3,463

4,646

3,463

 

Ron Morton Farming Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

88,358

Accruals and deferred income

3,088

1,494

Other creditors

64,912

72,236

68,000

162,088