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REGISTERED NUMBER: 00940171 (England and Wales)





FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

COMPTON MANOR ESTATES LIMITED

COMPTON MANOR ESTATES LIMITED (REGISTERED NUMBER: 00940171)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COMPTON MANOR ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: P W Durrance
P C C Day
J M D Cha
A J Day
Y C B Cha
J M Grant





SECRETARY: P W Durrance





REGISTERED OFFICE: Third Floor
20 Old Bailey
London
EC4M 7AN





REGISTERED NUMBER: 00940171 (England and Wales)





AUDITORS: Martin and Company Audit Limited
Chartered Accountants
and Statutory Auditors
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

COMPTON MANOR ESTATES LIMITED (REGISTERED NUMBER: 00940171)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,465,193 1,502,787
Investments 5 152 152
1,465,345 1,502,939

CURRENT ASSETS
Stocks 546,477 713,544
Debtors 6 2,645,923 2,159,025
Cash at bank and in hand 633,249 1,071,224
3,825,649 3,943,793
CREDITORS
Amounts falling due within one year 7 807,194 1,022,218
NET CURRENT ASSETS 3,018,455 2,921,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,483,800

4,424,514

CREDITORS
Amounts falling due after more than one
year

8

(680,026

)

(695,235

)

PROVISIONS FOR LIABILITIES (277,801 ) (192,135 )
NET ASSETS 3,525,973 3,537,144

CAPITAL AND RESERVES
Called up share capital 2,100,000 2,100,000
Retained earnings 1,425,973 1,437,144
3,525,973 3,537,144

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 11th July 2024 and were signed on its behalf by:





P C C Day - Director


COMPTON MANOR ESTATES LIMITED (REGISTERED NUMBER: 00940171)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Compton Manor Estates 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. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised in the period to which it relates and is deferred when received in advance for the following accounting year. Arable turnover is recognised once the crop is harvested and sold.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 30% reducing balance, 10% on cost, 5% on cost, 4% on cost, 2.5% on cost, 10% straight line, 10% - 30% reducing balance, Straight line over 15 years and Straight line over 5 years

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
On the arable enterprise amounts spent in preparing land for growing crops to be harvested in the following accounting year - including seeds, fertilisers, sprays, machinery & labour are called tillages. These are treated as stock and valued at cost.

All other items are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

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.


COMPTON MANOR ESTATES LIMITED (REGISTERED NUMBER: 00940171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

COMPTON MANOR ESTATES LIMITED (REGISTERED NUMBER: 00940171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st January 2023 1,028,869 2,146,250 127,302 3,302,421
Additions 12,413 281,365 4,039 297,817
Disposals - (204,516 ) - (204,516 )
At 31st December 2023 1,041,282 2,223,099 131,341 3,395,722
DEPRECIATION
At 1st January 2023 474,114 1,206,859 118,661 1,799,634
Charge for year 36,586 204,452 3,242 244,280
Eliminated on disposal - (113,385 ) - (113,385 )
At 31st December 2023 510,700 1,297,926 121,903 1,930,529
NET BOOK VALUE
At 31st December 2023 530,582 925,173 9,438 1,465,193
At 31st December 2022 554,755 939,391 8,641 1,502,787

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Unlisted trade investments 152 152

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 228,655 51,627
Other debtors 763,097 532,497
Tax 2,500 2,250
Prepayments and accrued income 144,660 118,781
1,138,912 705,155

Amounts falling due after more than one year:
Other debtors 1,507,011 1,453,870

Aggregate amounts 2,645,923 2,159,025

COMPTON MANOR ESTATES LIMITED (REGISTERED NUMBER: 00940171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 18,580 72,234
Trade creditors 118,574 42,991
Social security and other taxes 17,809 16,016
VAT 70,704 85,524
Other creditors 230,798 21,023
Accruals and deferred income 350,729 784,430
807,194 1,022,218

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 24,750 6,203
Other creditors - Shareholders loan 655,276 689,032
680,026 695,235

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 43,330 78,437

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Harriet Sergeant FCA (Senior Statutory Auditor)
for and on behalf of Martin and Company Audit Limited

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £115,000 (2022: £115,000).

COMPTON MANOR ESTATES LIMITED (REGISTERED NUMBER: 00940171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


12. RELATED PARTY DISCLOSURES

Included in debtors is a balance of £2,269,665 (2022: £1,817,337) owed by Meadowlea Holdings Limited, of which the shareholders have a material interest.

The company paid for expenses on behalf of Shibley Ltd of £167,950 (2022: £86,194). The amount outstanding at the year end was £209,713 owed to Shibley Ltd (2022: £168,586 owed by Shibley Ltd). The shareholders have a material interest in this company.

Included in other creditors amounts falling due after more than one year includes a shareholder loan amounting to £655,276 (2022: £689,032).The loan is payable on demand but is unlikely to be called within the following year.

13. ULTIMATE CONTROLLING PARTY

The company's parent company is Commonwealth Holdings Limited, which is incorporated in the British Virgin Islands. The registered office and principal place of business is PO Box 71, Craigmuir Chambers, Road Town, Tortola, British Virgin Islands.