IRIS Accounts Production v24.2.0.383 13198333 Board of Directors 1.11.22 31.10.23 31.10.23 2.9.24 0 0 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh131983332022-10-31131983332023-10-31131983332022-11-012023-10-31131983332021-10-31131983332021-11-012022-10-31131983332022-10-3113198333ns15:EnglandWales2022-11-012023-10-3113198333ns14:PoundSterling2022-11-012023-10-3113198333ns10:Director12022-11-012023-10-3113198333ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3113198333ns10:SmallEntities2022-11-012023-10-3113198333ns10:Audited2022-11-012023-10-3113198333ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3113198333ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3113198333ns10:FullAccounts2022-11-012023-10-3113198333ns10:OrdinaryShareClass12022-11-012023-10-3113198333ns10:Director22022-11-012023-10-3113198333ns10:CompanySecretary12022-11-012023-10-3113198333ns10:RegisteredOffice2022-11-012023-10-3113198333ns5:CurrentFinancialInstruments2023-10-3113198333ns5:CurrentFinancialInstruments2022-10-3113198333ns5:Non-currentFinancialInstruments2023-10-3113198333ns5:Non-currentFinancialInstruments2022-10-3113198333ns5:ShareCapital2023-10-3113198333ns5:ShareCapital2022-10-3113198333ns5:RetainedEarningsAccumulatedLosses2023-10-3113198333ns5:RetainedEarningsAccumulatedLosses2022-10-3113198333ns5:LandBuildings2022-10-3113198333ns5:PlantMachinery2022-10-3113198333ns5:LandBuildings2022-11-012023-10-3113198333ns5:PlantMachinery2022-11-012023-10-3113198333ns5:LandBuildings2023-10-3113198333ns5:PlantMachinery2023-10-3113198333ns5:LandBuildings2022-10-3113198333ns5:PlantMachinery2022-10-3113198333ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3113198333ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3113198333ns10:OrdinaryShareClass12023-10-3113198333ns5:RetainedEarningsAccumulatedLosses2022-10-3113198333ns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-31
















Financial Statements for the Year Ended 31 October 2023

for

Investfront Farms Limited

Investfront Farms Limited (Registered number: 13198333)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Investfront Farms Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: GJ Payne
Mrs M Payne





SECRETARY: Mrs M Payne





REGISTERED OFFICE: Bicester Hotel
Chesterton
Bicester
Oxfordshire
OX26 1TH





REGISTERED NUMBER: 13198333 (England and Wales)





AUDITORS: Just Audit & Assurance Ltd (Statutory Auditor)
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

Investfront Farms Limited (Registered number: 13198333)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,094,929 3,025,152

CURRENT ASSETS
Debtors 5 613,132 615,132

CREDITORS
Amounts falling due within one year 6 66,781 24,621
NET CURRENT ASSETS 546,351 590,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,641,280

3,615,663

CREDITORS
Amounts falling due after more than one year 7 4,118,917 3,878,424
NET LIABILITIES (477,637 ) (262,761 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (477,638 ) (262,762 )
SHAREHOLDERS' FUNDS (477,637 ) (262,761 )

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 29 August 2024 and were signed on its behalf by:





GJ Payne - Director


Investfront Farms Limited (Registered number: 13198333)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Investfront 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. 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
The asset held by the company is Freehold Land which is not being depreciated and is held at cost.
Plant & machinery is depreciated at 25% on cost.

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.

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.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently less any impairment losses for bad and doubtful debts.

Creditors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial liabilities are initially recognised at transaction price including any transaction costs and subsequently less any impairment losses for bad and doubtful debts.

3. EMPLOYEES AND DIRECTORS

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

Investfront Farms Limited (Registered number: 13198333)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Land & Plant and
Buildings machinery Totals
£    £    £   
COST
At 1 November 2022 3,025,152 - 3,025,152
Additions 66,897 3,840 70,737
At 31 October 2023 3,092,049 3,840 3,095,889
DEPRECIATION
Charge for year - 960 960
At 31 October 2023 - 960 960
NET BOOK VALUE
At 31 October 2023 3,092,049 2,880 3,094,929
At 31 October 2022 3,025,152 - 3,025,152

Included in cost of land and buildings is freehold land of £ 3,026,599 (2022 - £ 3,025,152 ) which is not depreciated.

The directors estimate that the current value of the remaining land and of the planning permissions obtained is £4,000.000.

There is a charge registered by Coutts and Co. bankers secured on the land and buildings at Bishopwood Farm owned by the company.

The company has committed to pay contractors A C Jackson a further two installments of £25,865 and £8,050 for the construction of a steel barn at the farm.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 10,000 6,000
Other debtors 603,132 609,132
613,132 615,132

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 6,953 14,368
Other creditors 52,428 4,053
Accrued expenses 7,400 6,200
66,781 24,621

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Due 1-2 yrs 1,099,553 1,099,553
Due 2-5 yrs 590,668 551,710
Due over 5 yrs 2,428,696 2,227,161
4,118,917 3,878,424

Investfront Farms Limited (Registered number: 13198333)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 November 2022 (262,762 )
Deficit for the year (214,876 )
At 31 October 2023 (477,638 )

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

The Report of the Auditors was unqualified.

Jonathan Russell (Senior Statutory Auditor)
for and on behalf of Just Audit & Assurance Ltd (Statutory Auditor)

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Investfront (Oxon) Ltd.