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REGISTERED NUMBER: 05432084 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MARTON MANOR FARM LIMITED

MARTON MANOR FARM LIMITED (REGISTERED NUMBER: 05432084)






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


MARTON MANOR FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J C Waind
S W Waind





SECRETARY: J C Waind





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 05432084 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

MARTON MANOR FARM LIMITED (REGISTERED NUMBER: 05432084)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,299,792 2,298,531
Investments 6 117 117
2,299,909 2,298,648

CURRENT ASSETS
Stocks 247,515 108,301
Debtors 7 35,368 19,574
Cash at bank and in hand 896,850 827,786
1,179,733 955,661
CREDITORS
Amounts falling due within one year 8 432,582 220,790
NET CURRENT ASSETS 747,151 734,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,047,060

3,033,519

CREDITORS
Amounts falling due after more than one
year

9

(1,250,236

)

(1,363,572

)

PROVISIONS FOR LIABILITIES (221,462 ) (218,654 )
NET ASSETS 1,575,362 1,451,293

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 1,575,262 1,451,193
SHAREHOLDERS' FUNDS 1,575,362 1,451,293

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.

MARTON MANOR FARM LIMITED (REGISTERED NUMBER: 05432084)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





S W Waind - Director


MARTON MANOR FARM LIMITED (REGISTERED NUMBER: 05432084)

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

1. STATUTORY INFORMATION

Marton Manor Farm 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 relates to farm income, shop sales and café sales excluding discounts, rebates, value added tax and other 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.

Entitlements are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Buildings - 2% on cost, excluding land element
Fixtures & fittings - 10% on cost
Implements and machinery - 10% on reducing balance
Loose tools - 10% on cost
Motor vehicles - 25% on reducing balance
Tractors & combines - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

MARTON MANOR FARM LIMITED (REGISTERED NUMBER: 05432084)

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 1,068
AMORTISATION
At 1 April 2023
and 31 March 2024 1,068
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

MARTON MANOR FARM LIMITED (REGISTERED NUMBER: 05432084)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,472,830 1,879,703 3,352,533
Additions - 189,040 189,040
Disposals - (43,352 ) (43,352 )
At 31 March 2024 1,472,830 2,025,391 3,498,221
DEPRECIATION
At 1 April 2023 48,915 1,005,087 1,054,002
Charge for year 9,972 162,092 172,064
Eliminated on disposal - (27,637 ) (27,637 )
At 31 March 2024 58,887 1,139,542 1,198,429
NET BOOK VALUE
At 31 March 2024 1,413,943 885,849 2,299,792
At 31 March 2023 1,423,915 874,616 2,298,531

The net book value of tangible fixed assets includes £233,398 (2022 - £176,129) in respect of assets held under hire purchase contracts.

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Trade investment 117 117

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 35,368 19,574

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 63,516 72,556
Hire purchase contracts 53,525 36,884
Trade creditors 617 1,518
Taxation and social security 66,702 50,128
Other creditors 248,222 59,704
432,582 220,790

MARTON MANOR FARM LIMITED (REGISTERED NUMBER: 05432084)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 1,250,236 1,304,843
Hire purchase contracts - 58,729
1,250,236 1,363,572

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 994,724 1,020,269

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 1,313,752 1,377,399
Hire purchase contracts 53,525 95,613
1,367,277 1,473,012

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
44 Ordinary A £1 44 44
44 Ordinary B £1 44 44
4 Ordinary C £1 4 4
4 Ordinary D £1 4 4
4 Ordinary E £1 4 4
100 100