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REGISTERED NUMBER: 00773104 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Allan Thompson (Farms) Limited

Allan Thompson (Farms) Limited (Registered number: 00773104)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Allan Thompson (Farms) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: A H Thompson
P R Thompson





SECRETARY: P R Thompson





REGISTERED OFFICE: Well Spring Farm
Lothersdale Road
Glusburn
Keighley
West Yorkshire
BD20 8JD





REGISTERED NUMBER: 00773104 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Allan Thompson (Farms) Limited (Registered number: 00773104)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 112,003 124,347
Investments 6 13,782 19,894
125,785 144,241

CURRENT ASSETS
Stocks 59,500 62,000
Debtors 7 74,547 79,208
Cash at bank and in hand 307,840 294,214
441,887 435,422
CREDITORS
Amounts falling due within one year 8 (181,415 ) (159,145 )
NET CURRENT ASSETS 260,472 276,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

386,257

420,518

PROVISIONS FOR LIABILITIES 9 (10,638 ) (12,534 )
NET ASSETS 375,619 407,984

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 374,619 406,984
SHAREHOLDERS' FUNDS 375,619 407,984

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Allan Thompson (Farms) Limited (Registered number: 00773104)

Statement of Financial Position - continued
30 November 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 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 8 July 2024 and were signed on its behalf by:




A H Thompson - Director



P R Thompson - Director


Allan Thompson (Farms) Limited (Registered number: 00773104)

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

1. STATUTORY INFORMATION

Allan Thompson (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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Depreciation
Is calculated on the reducing balance method in order to write down to its estimated residual value the cost of each asset over its expected useful life.

The depreciation rates used are :-
(i)Additions to buildings4% per annum
(ii)Plant & machinery20% per annum
(iii)Fixtures & fittings20% per annum
(iv)Motor vehicles20% per annum

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Allan Thompson (Farms) Limited (Registered number: 00773104)

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

3. ACCOUNTING POLICIES - continued

Hire purchase commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful lives.

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.


4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Freehold
land & Plant & Fixtures Motor
buildings machinery & fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 174,755 162,238 1,224 73,554 411,771
Additions - 425 698 - 1,123
At 30 November 2023 174,755 162,663 1,922 73,554 412,894
DEPRECIATION
At 1 December 2022 116,409 124,272 1,224 45,519 287,424
Charge for year 2,334 5,387 139 5,607 13,467
At 30 November 2023 118,743 129,659 1,363 51,126 300,891
NET BOOK VALUE
At 30 November 2023 56,012 33,004 559 22,428 112,003
At 30 November 2022 58,346 37,966 - 28,035 124,347

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2022 19,894
Revaluations (6,112 )
At 30 November 2023 13,782
NET BOOK VALUE
At 30 November 2023 13,782
At 30 November 2022 19,894


At the year end the company holds investments in Genus plc which were acquired for nil cost on the winding-up of the Milk Marketing Board.

The investments are included in the balance sheet at market value on the balance sheet date.

Allan Thompson (Farms) Limited (Registered number: 00773104)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 67,043 74,595
Prepayments 7,504 4,613
74,547 79,208

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 42,731 22,751
Social security & other taxes 14,092 16,854
Directors' current accounts 103,193 97,817
Accrued expenses 21,399 21,723
181,415 159,145

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax
Excess of capital allowances claimed over
depreciation charged

10,638

12,534

Deferred
tax
£   
Balance at 1 December 2022 12,534
Provided during year (1,896 )
Balance at 30 November 2023 10,638

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. ULTIMATE CONTROLLING PARTY

A H Thompson and P R Thompson, directors and shareholders, are considered to be the controlling party.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Allan Thompson (Farms) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Allan Thompson (Farms) Limited for the year ended 30 November 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Allan Thompson (Farms) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Allan Thompson (Farms) Limited and state those matters that we have agreed to state to the Board of Directors of Allan Thompson (Farms) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Allan Thompson (Farms) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Allan Thompson (Farms) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Allan Thompson (Farms) Limited. You consider that Allan Thompson (Farms) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Allan Thompson (Farms) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


8 July 2024