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REGISTERED NUMBER: 09632386 (England and Wales)















Unaudited Financial Statements

for the Period 1 October 2022 to 31 December 2023

for

The Grazing Cow (Devon) Limited

The Grazing Cow (Devon) Limited (Registered number: 09632386)






Contents of the Financial Statements
for the Period 1 October 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

The Grazing Cow (Devon) Limited

Company Information
for the Period 1 October 2022 to 31 December 2023







DIRECTORS: R J Taverner
Mrs H L Taverner





REGISTERED OFFICE: 9 Western Road
Launceston
Cornwall
PL15 7AR





REGISTERED NUMBER: 09632386 (England and Wales)





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

The Grazing Cow (Devon) Limited (Registered number: 09632386)

Balance Sheet
31 December 2023

31.12.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 263,767 191,740

CURRENT ASSETS
Stocks 3,000 5,600
Debtors 5 21,163 52,946
Cash at bank and in hand 19,587 20,263
43,750 78,809
CREDITORS
Amounts falling due within one year 6 50,182 48,733
NET CURRENT (LIABILITIES)/ASSETS (6,432 ) 30,076
TOTAL ASSETS LESS CURRENT LIABILITIES 257,335 221,816

CREDITORS
Amounts falling due after more than one
year

7

(11,956

)

(31,779

)

PROVISIONS FOR LIABILITIES (10,021 ) (10,596 )
NET ASSETS 235,358 179,441

CAPITAL AND RESERVES
Called up share capital 7 7
Retained earnings 235,351 179,434
235,358 179,441

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

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

The Grazing Cow (Devon) Limited (Registered number: 09632386)

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 18 September 2024 and were signed on its behalf by:





R J Taverner - Director


The Grazing Cow (Devon) Limited (Registered number: 09632386)

Notes to the Financial Statements
for the Period 1 October 2022 to 31 December 2023

1. STATUTORY INFORMATION

The Grazing Cow (Devon) 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the period ended 31 December 2023 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is 1 October 2021.

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.

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 period 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 period 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 period was 2 (2022 - 2 ) .

The Grazing Cow (Devon) Limited (Registered number: 09632386)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 135,974 140,307 276,281
Additions 87,864 2,517 90,381
At 31 December 2023 223,838 142,824 366,662
DEPRECIATION
At 1 October 2022 - 84,541 84,541
Charge for period - 18,873 18,873
Eliminated on disposal - (519 ) (519 )
At 31 December 2023 - 102,895 102,895
NET BOOK VALUE
At 31 December 2023 223,838 39,929 263,767
At 30 September 2022 135,974 55,766 191,740

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.9.22
£    £   
Trade debtors 3,911 -
Other debtors 17,252 52,946
21,163 52,946

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.9.22
£    £   
Bank loans and overdrafts 8,220 -
Trade creditors 16,075 21,656
Taxation and social security 22,528 23,166
Other creditors 3,359 3,911
50,182 48,733

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 30.9.22
£    £   
Bank loans 11,956 31,779

The Grazing Cow (Devon) Limited (Registered number: 09632386)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 December 2023

8. RELATED PARTY DISCLOSURES

Taverner Holdings (Devon) Ltd was incorporated on 20 December 2022. It is a holding company, which formed a group incorporating The Grazing Cow Ltd as 100% owned subsidiary and Dadmore Dairy Limited as 51% owned subsidiary.

Shareholders of The Grazing Cow (Devon) Ltd exchanged all of their shares in The Grazing Cow (Devon) Ltd for shares in the holding company, Taverner Holdings (Devon) Ltd, on 20 December 2022.

Taverner Holdings (Devon) Ltd owes £47 to The Grazing Cow (Devon) Ltd.

9. ULTIMATE CONTROLLING PARTY

Mr R Taverner and Mrs H Taverner, by virtue of their shareholding and directorship, controls the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Grazing Cow (Devon) 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 The Grazing Cow (Devon) Limited for the period ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 The Grazing Cow (Devon) 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 The Grazing Cow (Devon) Limited and state those matters that we have agreed to state to the Board of Directors of The Grazing Cow (Devon) 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 The Grazing Cow (Devon) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Grazing Cow (Devon) 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 profit of The Grazing Cow (Devon) Limited. You consider that The Grazing Cow (Devon) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of The Grazing Cow (Devon) 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


18 September 2024