IRIS Accounts Production v24.2.0.383 04436934 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044369342023-03-31044369342024-03-31044369342023-04-012024-03-31044369342022-03-31044369342022-04-012023-03-31044369342023-03-3104436934ns15:EnglandWales2023-04-012024-03-3104436934ns14:PoundSterling2023-04-012024-03-3104436934ns10:Director12023-04-012024-03-3104436934ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104436934ns10:SmallEntities2023-04-012024-03-3104436934ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104436934ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104436934ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104436934ns10:AbridgedAccounts2023-04-012024-03-3104436934ns10:OrdinaryShareClass22023-04-012024-03-3104436934ns10:Director22023-04-012024-03-3104436934ns10:CompanySecretary12023-04-012024-03-3104436934ns10:RegisteredOffice2023-04-012024-03-3104436934ns5:CurrentFinancialInstruments2024-03-3104436934ns5:CurrentFinancialInstruments2023-03-3104436934ns5:Non-currentFinancialInstruments2024-03-3104436934ns5:Non-currentFinancialInstruments2023-03-3104436934ns5:ShareCapital2024-03-3104436934ns5:ShareCapital2023-03-3104436934ns5:CapitalRedemptionReserve2024-03-3104436934ns5:CapitalRedemptionReserve2023-03-3104436934ns5:RetainedEarningsAccumulatedLosses2024-03-3104436934ns5:RetainedEarningsAccumulatedLosses2023-03-3104436934ns5:PlantMachinery2023-04-012024-03-3104436934ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 04436934 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Granta Farming Limited

Granta Farming Limited (Registered number: 04436934)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Granta Farming Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr James Hamilton
Mrs Sally Anne Jane Hamilton





SECRETARY: Mr James Brendan Stapleton Gwatkin





REGISTERED OFFICE: Park Farm
Great Chesterford
Saffron Walden
Essex
CB10 1RN





REGISTERED NUMBER: 04436934 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Granta Farming Limited (Registered number: 04436934)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,105 194,510
Investments 5 100 100
163,205 194,610

CURRENT ASSETS
Stocks 2,048 2,200
Debtors 164,898 367,027
Cash at bank and in hand 160,317 37,652
327,263 406,879
CREDITORS
Amounts falling due within one year 31,291 95,913
NET CURRENT ASSETS 295,972 310,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,177

505,576

CREDITORS
Amounts falling due after more than one
year

-

(20,000

)

PROVISIONS FOR LIABILITIES (40,776 ) (48,628 )
NET ASSETS 418,401 436,948

CAPITAL AND RESERVES
Called up share 6 5,164 5,164
Capital redemption reserve 3,376 3,376
Retained earnings 409,861 428,408
SHAREHOLDERS' FUNDS 418,401 436,948

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.

Granta Farming Limited (Registered number: 04436934)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 July 2024 and were signed on its behalf by:





Mr James Hamilton - Director


Granta Farming Limited (Registered number: 04436934)

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

1. STATUTORY INFORMATION

Granta Farming 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 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.
Plant and machinery - 15% on cost and 15% 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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, 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 loans that are classified as debt, 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.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Granta Farming Limited (Registered number: 04436934)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 637,655
Additions 650
Disposals (19,000 )
At 31 March 2024 619,305
DEPRECIATION
At 1 April 2023 443,145
Charge for year 32,055
Eliminated on disposal (19,000 )
At 31 March 2024 456,200
NET BOOK VALUE
At 31 March 2024 163,105
At 31 March 2023 194,510

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

£100 shares in Samco

Granta Farming Limited (Registered number: 04436934)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CALLED UP SHARE

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
5,164 Ordinary 1 5,164 5,164