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REGISTERED NUMBER: 06042931 (England and Wales)











ALDBY FIELD NURSERIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ALDBY FIELD NURSERIES LIMITED (REGISTERED NUMBER: 06042931)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


ALDBY FIELD NURSERIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr P Coulter
Mrs H L Coulter





SECRETARY: Mrs H L Coulter





REGISTERED OFFICE: Aldby Field Farm
Sand Hutton
York
North Yorkshire
YO41 1LG





REGISTERED NUMBER: 06042931 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

ALDBY FIELD NURSERIES LIMITED (REGISTERED NUMBER: 06042931)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,319,800 5,028,448
Investment property 6 220,000 220,000
5,539,800 5,248,448

CURRENT ASSETS
Stocks 102,423 184,442
Debtors 559,479 693,847
Investments 5,114 4,628
Cash at bank 2,809,838 2,294,799
3,476,854 3,177,716
CREDITORS
Amounts falling due within one year 759,198 953,951
NET CURRENT ASSETS 2,717,656 2,223,765
TOTAL ASSETS LESS CURRENT LIABILITIES 8,257,456 7,472,213

PROVISIONS FOR LIABILITIES 236,291 273,790
NET ASSETS 8,021,165 7,198,423

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 50,625 50,625
Retained earnings 7,970,440 7,147,698
SHAREHOLDERS' FUNDS 8,021,165 7,198,423

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.

ALDBY FIELD NURSERIES LIMITED (REGISTERED NUMBER: 06042931)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:




Mr P Coulter - Director



Mrs H L Coulter - Director


ALDBY FIELD NURSERIES LIMITED (REGISTERED NUMBER: 06042931)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. COMPANY INFORMATION

Aldby Field Nurseries 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable in respect of sales of plants and charges for the administration of goods supplied by third parties, net of sales discounts, including prompt payment discounts, and excluding value added tax. Also included in turnover are sales of crops and related income from a contract farming arrangement.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

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.

Farm 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.
Freehold land - not provided
Glasshouses - 10% straight line
Improvement to property - 10% straight line
Plant and machinery - at variable rates on reducing balance
Motor vehicles - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are included in the financial statements at an estimate of fair value, as determined by the directors. This valuation is informed by the use of professional experts and industry knowledge within the company, and is based upon rental yield and general market conditions.

Rental income from investment properties is recognised on a straight line basis over the term of the relevant lease.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


ALDBY FIELD NURSERIES LIMITED (REGISTERED NUMBER: 06042931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

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

Rentals paid under operating lease are charged to the profit and loss account 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.

Investments
Investments are held at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2022 - 41 ) .

ALDBY FIELD NURSERIES LIMITED (REGISTERED NUMBER: 06042931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 219,140
AMORTISATION
At 1 January 2023
and 31 December 2023 219,140
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 6,129,998
Additions 475,886
Disposals (16,154 )
At 31 December 2023 6,589,730
DEPRECIATION
At 1 January 2023 1,101,550
Charge for year 182,727
Eliminated on disposal (14,347 )
At 31 December 2023 1,269,930
NET BOOK VALUE
At 31 December 2023 5,319,800
At 31 December 2022 5,028,448

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 220,000
NET BOOK VALUE
At 31 December 2023 220,000
At 31 December 2022 220,000

ALDBY FIELD NURSERIES LIMITED (REGISTERED NUMBER: 06042931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. INVESTMENT PROPERTY - continued

The property is included at the directors' assessment of fair value at the balance sheet date.

£nil (2022: £37,000) has been credited to the profit and loss account in the period in respect of revaluations.

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 7,286 -
Between one and five years 8,602 -
15,888 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr P Coulter and Mrs H L Coulter
Balance outstanding at start of year 199,663 -
Amounts advanced 260,825 199,663
Amounts repaid (260,636 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 199,852 199,663

The above balance is interest free and repayable on demand.