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REGISTERED NUMBER: 08318008 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Aztec Farming Limited

Aztec Farming Limited (Registered number: 08318008)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Aztec Farming Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs B E Randall
Mrs J M Rose
J L Rose





REGISTERED OFFICE: The Coach House
Northcome Equestrian
Germansweek
Beaworthy
Devon
EX21 5AJ





REGISTERED NUMBER: 08318008 (England and Wales)





ACCOUNTANTS: Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR

Aztec Farming Limited (Registered number: 08318008)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 791,333 794,618

CURRENT ASSETS
Stocks 2,700 4,700
Debtors 5 1,549 933
Cash at bank 150 1,793
4,399 7,426
CREDITORS
Amounts falling due within one year 6 405,594 394,885
NET CURRENT LIABILITIES (401,195 ) (387,459 )
TOTAL ASSETS LESS CURRENT LIABILITIES 390,138 407,159

CREDITORS
Amounts falling due after more than one
year

7

(348,171

)

(353,328

)

PROVISIONS FOR LIABILITIES (9,853 ) -
NET ASSETS 32,114 53,831

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,014 53,731
32,114 53,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Aztec Farming Limited (Registered number: 08318008)

Balance Sheet - continued
31 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 8 September 2024 and were signed on its behalf by:




Mrs B E Randall - Director Mrs J M Rose - Director




J L Rose - Director


Aztec Farming Limited (Registered number: 08318008)

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

1. STATUTORY INFORMATION

Aztec 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.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 3 ).

Aztec Farming Limited (Registered number: 08318008)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 781,479 18,755 14,017 814,251
DEPRECIATION
At 1 January 2023 - 11,256 8,377 19,633
Charge for year - 1,875 1,410 3,285
At 31 December 2023 - 13,131 9,787 22,918
NET BOOK VALUE
At 31 December 2023 781,479 5,624 4,230 791,333
At 31 December 2022 781,479 7,499 5,640 794,618

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,549 651
Other debtors - 282
1,549 933

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,979 4,799
Trade creditors 5,865 3,486
Taxation and social security 2,241 4,942
Other creditors 392,509 381,658
405,594 394,885

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 348,171 353,328

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 328,257 334,134

Aztec Farming Limited (Registered number: 08318008)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 353,150 358,127

The Agricultural Mortgage Corporation PLC hold a charge over Bungalow Cottages, Germansweek, Beaworthy in order to secure bank loans.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Directors Loan Accounts are included within Creditors. No interest is being charged and the balance is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs B E Randall.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Aztec Farming Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aztec Farming Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Aztec Farming Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aztec Farming Limited and state those matters that we have agreed to state to the Board of Directors of Aztec Farming Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aztec Farming Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aztec Farming Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Aztec Farming Limited. You consider that Aztec Farming Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aztec Farming Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR


11 September 2024