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REGISTERED NUMBER: 06428983 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 December 2023

for

Crooklands Farm Limited

Crooklands Farm Limited (Registered number: 06428983)






Contents of the Financial Statements
for the Year Ended 30 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crooklands Farm Limited

Company Information
for the Year Ended 30 December 2023







DIRECTORS: Mr J A Mann
Mr J L Mann
Mrs J Mann





SECRETARY: Mr J L Mann





REGISTERED OFFICE: Crooklands Farm
Bromfield
Wigton
Cumbria
CA7 3NB





REGISTERED NUMBER: 06428983 (England and Wales)





ACCOUNTANTS: Benson Accountants
The Mill
Station Road
Wigton
Cumbria
CA7 9BA

Crooklands Farm Limited (Registered number: 06428983)

Balance Sheet
30 December 2023

30.12.23 30.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,944,687 1,791,285
Investments 6 134,473 123,163
Herd basis 7 606,500 604,400
2,685,660 2,518,848

CURRENT ASSETS
Stocks 480,438 435,733
Debtors 8 124,436 134,573
Cash at bank 877 149,855
605,751 720,161
CREDITORS
Amounts falling due within one year 9 749,255 702,675
NET CURRENT (LIABILITIES)/ASSETS (143,504 ) 17,486
TOTAL ASSETS LESS CURRENT LIABILITIES 2,542,156 2,536,334

CREDITORS
Amounts falling due after more than one
year

10

(319,846

)

(449,576

)

PROVISIONS FOR LIABILITIES (405,173 ) (382,522 )
NET ASSETS 1,817,137 1,704,236

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,817,037 1,704,136
1,817,137 1,704,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 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.

Crooklands Farm Limited (Registered number: 06428983)

Balance Sheet - continued
30 December 2023


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 25 June 2024 and were signed on its behalf by:




Mr J L Mann - Director Mrs J Mann - Director




Mr J A Mann - Director


Crooklands Farm Limited (Registered number: 06428983)

Notes to the Financial Statements
for the Year Ended 30 December 2023

1. STATUTORY INFORMATION

Crooklands Farm 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

BPS Entitlements are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% 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.

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.

Crooklands Farm Limited (Registered number: 06428983)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Biological assets
Biological assets measured under the fair value model are valued on initial recognition and at each reporting date at fair value less costs to sell. Changes in fair value less costs to sell are recognised in profit or loss.
Agricultural produce harvested from these biological assets is measured at the point of harvest at its fair value less costs to sell.

Biological assets measured under the cost model are held at cost less any accumulated depreciation and any accumulated impairment losses.

Agricultural produce harvested from these biological assets is measured at the point of harvest at either: the lower of cost and estimated selling price less costs to complete and sell; or its fair value less costs to sell. Any gain or loss arising on initial recognition of produce at fair value less costs to sell is included in profit or loss for the period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
BPS
Entitlements
£   
COST
At 31 December 2022
and 30 December 2023 57,000
AMORTISATION
At 31 December 2022
and 30 December 2023 57,000
NET BOOK VALUE
At 30 December 2023 -
At 30 December 2022 -

Crooklands Farm Limited (Registered number: 06428983)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 31 December 2022 315,931 2,531,956 6,340 2,854,227
Additions 164,603 220,474 - 385,077
Disposals - - (6,340 ) (6,340 )
At 30 December 2023 480,534 2,752,430 - 3,232,964
DEPRECIATION
At 31 December 2022 89,159 968,507 5,276 1,062,942
Charge for year - 230,611 - 230,611
Eliminated on disposal - - (5,276 ) (5,276 )
At 30 December 2023 89,159 1,199,118 - 1,288,277
NET BOOK VALUE
At 30 December 2023 391,375 1,553,312 - 1,944,687
At 30 December 2022 226,772 1,563,449 1,064 1,791,285

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 31 December 2022 287,200
Transfer to ownership (162,750 )
At 30 December 2023 124,450
DEPRECIATION
At 31 December 2022 112,759
Charge for year 12,196
Transfer to ownership (69,616 )
At 30 December 2023 55,339
NET BOOK VALUE
At 30 December 2023 69,111
At 30 December 2022 174,441

Crooklands Farm Limited (Registered number: 06428983)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 31 December 2022 123,163
Additions 11,310
At 30 December 2023 134,473
NET BOOK VALUE
At 30 December 2023 134,473
At 30 December 2022 123,163

7. HERD BASIS
Herd
basis
£   
COST
At 31 December 2022 604,400
Additions 2,100
At 30 December 2023 606,500
NET BOOK VALUE
At 30 December 2023 606,500
At 30 December 2022 604,400

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Trade debtors 92,928 93,805
Other debtors 31,508 40,768
124,436 134,573

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Bank loans and overdrafts 312,989 119,622
Hire purchase contracts 15,428 31,765
Trade creditors 325,808 317,124
Taxation and social security 49,237 75,852
Other creditors 45,793 158,312
749,255 702,675

Crooklands Farm Limited (Registered number: 06428983)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.12.23 30.12.22
£    £   
Bank loans 319,846 442,854
Hire purchase contracts - 6,722
319,846 449,576

11. SECURED DEBTS

The following secured debts are included within creditors:

30.12.23 30.12.22
£    £   
Bank overdraft 191,674 -
Bank loans 441,161 562,476
632,835 562,476

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £92,000 were paid to the directors .

The company was under the control of Messrs J L, J and J A Mann throughout the year. Mr J A Mann is the managing director and joint shareholder.

At the balance sheet date, the company owed the directors £581 (2022 - £105,209) which is reflected in other creditors. The loan is unsecured, interest free and repayable on demand.