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Registered number: 01633551

Egypts Farm Limited

ACCOUNTS
FOR THE 305 DAY PERIOD ENDED 31/03/2024

Prepared By:
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

Egypts Farm Limited

ACCOUNTS
FOR THE 305 DAY PERIOD ENDED 31/03/2024
DIRECTORS
N Cutmore
V Cutmore
SECRETARY
P A Cutmore
REGISTERED OFFICE
Egypts Farm, Boars Tye Road
Silver End
Witham
Essex
CM8 3PP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01633551
ACCOUNTANTS
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

Egypts Farm Limited

ACCOUNTS
FOR THE305 DAY PERIODENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Egypts Farm Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3538,565323,322
Investment Assets41,779,8021,750,919
2,318,3672,074,241
CURRENT ASSETS
Stock58,64084,406
Debtors61,782,0351,536,367
Cash at bank and in hand11,03910,630
1,851,7141,631,403
CREDITORS: Amounts falling due within one year71,991,0161,555,045
NET CURRENT (LIABILITIES) / ASSETS(139,302)76,358
TOTAL ASSETS LESS CURRENT LIABILITIES2,179,0652,150,599
CREDITORS: Amounts falling due after more than one year8-36,622
PROVISIONS FOR LIABILITIES AND CHARGES9345,500332,000
NET ASSETS1,833,5651,781,977
CAPITAL AND RESERVES
Called up share capital103,9313,931
Share premium account1127,00027,000
Revaluation reserve1f,12759,870759,870
Profit and loss account1,042,764991,176
SHAREHOLDERS' FUNDS1,833,5651,781,977
For the year ending 31/03/2024 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/08/2024 and signed on their behalf by
.............................
N Cutmore
Director

Egypts Farm Limited

NOTES TO THE ACCOUNTS
FOR THE 305 DAY PERIOD ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Plant and Machineryreducing balance 15%
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). 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 stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
1f. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 12).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.

Egypts Farm Limited

2. EMPLOYEES
20242023
No.No.
Average number of employees22
3. TANGIBLE FIXED ASSETS
Land AndPlant andCommercial
BuildingsMachineryVehiclesTotal
££££
Cost
At 01/06/202325,382899,93833,643958,963
Additions-304,445-304,445
Disposals-(130,000)-(130,000)
At 31/03/202425,3821,074,38333,6431,133,408
Depreciation
At 01/06/20233,557614,59817,486635,641
Disposals-(116,640)-(116,640)
For the 305 day period42372,0533,36675,842
At 31/03/20243,980570,01120,852594,843
Net Book Amounts
At 31/03/202421,402504,37212,791538,565
At 31/05/202321,825285,34016,157323,322
Fixed assets include equipment at a value of £249,375 (2023: £124,100) that is owned subject to hire purchase agreements.
4. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/06/20231,750,9191,750,919
Additions28,88328,883
At 31/03/20241,779,8021,779,802
Amortisation
Net Book Amounts
At 31/03/20241,779,8021,779,802
At 31/05/20231,750,9191,750,919

Egypts Farm Limited

5. STOCK 20242023
££
Stock comprises:
Stock58,64084,406
58,64084,406
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors1,782,0341,527,950
UK corporation tax-8,417
1,782,0341,536,367
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT298,225258,085
Directors current account78,67369,592
Hire purchase226,62236,622
Trade creditors2,8302,555
Other creditors1,380,9911,183,691
Accruals3,6754,500
1,991,0161,555,045
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Hire purchase >1yr-36,622
-36,622

Egypts Farm Limited

9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation345,500332,000
345,500332,000
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
3000 Ordinary shares of £1 each30003000
931 Class B shares of £1 each931931
3,9313,931
11. SHARE PREMIUM ACCOUNT 20242023
££
Share premium account27,00027,000

Egypts Farm Limited

12. REVALUATION RESERVE 20242023
££
Revaluation reserve759,870759,870
759,870759,870
13. CONTROLLING PARTY
The company is controlled by its director, N Cutmore.
14. RELATED PARTY TRANSACTIONS
At the year end date the company owed its directors £78,673 (2023: £69,593). This debt is included in creditors, is repayable on demand and attracts no interest.
The company has invested in the Cutmore Farmng Partnership and it is a partner in that partnership along with N and V Cutmore the directors. At the year end the company was owed a trade debt of £1,782,034 (2023: £1,527,950). The company owed the partnership £1,380,991 (2023: 1,162,841) by way of a loan. These balances are included in trade debtors/other creditors and are payable on demand. No interest is charged on the balances.