EARLS DITTON FARMING LIMITED Filleted Accounts Cover
EARLS DITTON FARMING LIMITED
Company No. 12341051
Information for Filing with The Registrar
30 November 2023
EARLS DITTON FARMING LIMITED Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 November 2023.
Principal activities
The principal activity of the company during the year under review was Farming and other agricultural activities.
Directors
The Directors who served at any time during the year were as follows:
A. Martin
N. Martin
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
N. Martin
Director
30 April 2024
EARLS DITTON FARMING LIMITED Balance Sheet Registrar
at
30 November 2023
Company No.
12341051
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
3,446,9903,446,990
3,446,9903,446,990
Current assets
Debtors
5
4,000-
Cash at bank and in hand
112,633317,599
116,633317,599
Creditors: Amount falling due within one year
6
(204,262)
(197,264)
Net current (liabilities)/assets
(87,629)
120,335
Total assets less current liabilities
3,359,3613,567,325
Creditors: Amounts falling due after more than one year
7
(3,385,690)
(3,385,690)
Net (liabilities)/assets
(26,329)
181,635
Capital and reserves
Called up share capital
1,0001,000
Other reserves
361,229361,229
Profit and loss account
9
(388,558)
(180,594)
Total equity
(26,329)
181,635
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 April 2024 and signed on its behalf by:
N. Martin
Director
30 April 2024
EARLS DITTON FARMING LIMITED Notes to the Accounts Registrar
for the year ended 30 November 2023
1
General information
EARLS DITTON FARMING LIMITED is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12341051
Its registered office is:
6
Court Road
Strensham
Worcestershire
WR8 9LP
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Tangible fixed assets
Land and buildings
Plant and machinery
Total
£
£
£
Cost or revaluation
At 1 December 2022
3,430,99016,0003,446,990
At 30 November 2023
3,430,99016,0003,446,990
Depreciation
Net book values
At 30 November 2023
3,430,99016,0003,446,990
At 30 November 2022
3,430,990
16,000
3,446,990
5
Debtors
2023
2022
£
£
Trade debtors
4,000-
4,000-
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Trade creditors
16,74422,198
Taxes and social security
489
-
Loans from directors
175,066175,066
Accruals and deferred income
11,963-
204,262197,264
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings
3,385,6903,385,690
3,385,6903,385,690
Liabilities repayable in more than five years after the balance sheet date
Amount repayable otherwise than by instalments
3,500,000
3,500,000
3,500,0003,500,000
The secured loan from Arcturus Investments is £3,500,000 and there was £3,385,690 taken up as at the 30th November 2023 The loan is interest free and repayable in five years.
8
Share Capital
1,000 Ordinary shares called up and fully paid
9
Reserves
Other Reserves
Total other reserves
£
£
At 1 December 2021
361,229
361,229
At 30 November 2022 and 1 December 2022
361,229
361,229
At 30 November 2023
361,229361,229
Profit and loss account - includes all current and prior period retained profits and losses.
10
Contingent Assets/Liabilities
Other reserves
11
Related party disclosures
Transactions with related parties
Parent Company
The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:
Arcturus Investments
The parent's registered office address is:
c/o Dale International Trust Company Limited
3rd Floor, Tower A
1 Cybercity
Ebene72201
Mauritius
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