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REGISTERED NUMBER: 10931878 (England and Wales)















P H Clark (High Burnham) Limited

Unaudited Financial Statements For The Year Ended 31 March 2024






P H Clark (High Burnham) Limited (Registered number: 10931878)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


P H Clark (High Burnham) Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: S P Clark
Mrs L Clark





REGISTERED OFFICE: High Burnham Farm
High Burnham
Doncaster
South Yorkshire
DN9 1DD





REGISTERED NUMBER: 10931878 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

P H Clark (High Burnham) Limited (Registered number: 10931878)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,414,791 6,371,456
Investments 5 353,413 301,560
6,768,204 6,673,016

CURRENT ASSETS
Stocks 320,807 494,107
Debtors 135,906 83,044
Cash at bank 752,049 817,922
1,208,762 1,395,073
CREDITORS
Amounts falling due within one year 55,134 128,449
NET CURRENT ASSETS 1,153,628 1,266,624
TOTAL ASSETS LESS CURRENT LIABILITIES 7,921,832 7,939,640

CREDITORS
Amounts falling due after more than one year (35,500 ) -

PROVISIONS FOR LIABILITIES 7 (126,395 ) (147,720 )
NET ASSETS 7,759,937 7,791,920

CAPITAL AND RESERVES
Called up share capital 8 8,000,003 8,000,003
Share premium 694,007 694,007
Revaluation reserve 9 53,606 -
Retained earnings (987,679 ) (902,090 )
SHAREHOLDERS' FUNDS 7,759,937 7,791,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

P H Clark (High Burnham) Limited (Registered number: 10931878)

Abridged Balance Sheet - continued
31 March 2024


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 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 September 2024 and were signed on its behalf by:





S P Clark - Director


P H Clark (High Burnham) Limited (Registered number: 10931878)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

P H Clark (High Burnham) 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 net invoiced sales of goods, services and subsidies, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery - 20% on reducing balance
Fixtures, fittings and equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stock has been professionally valued by John H. Pickup & Co Ltd at the cost of the growing crops and produce inclusive of consumables and overheads as appropriate.

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.

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 two defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate.

Grants
Grants are recognised in the period to which they have an entitlement.

P H Clark (High Burnham) Limited (Registered number: 10931878)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 7,156,277
Additions 334,330
Disposals (185,500 )
At 31 March 2024 7,305,107
DEPRECIATION
At 1 April 2023 784,821
Charge for year 223,940
Eliminated on disposal (118,445 )
At 31 March 2024 890,316
NET BOOK VALUE
At 31 March 2024 6,414,791
At 31 March 2023 6,371,456

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 April 2023 301,560
Additions 111,771
Disposals (113,524 )
Revaluations 53,606
At 31 March 2024 353,413
NET BOOK VALUE
At 31 March 2024 353,413
At 31 March 2023 301,560

Cost or valuation at 31 March 2024 is represented by:
Totals
£   
Valuation in 2024 353,413

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 71,000 18,833

The hire purchase contracts are secured on the assets to which they relate.

P H Clark (High Burnham) Limited (Registered number: 10931878)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Capital allowances 176,540 159,650
Other timing differences 1,365 4,190
Tax losses (51,510 ) (16,120 )
126,395 147,720

Deferred
tax
£   
Balance at 1 April 2023 147,720
Movement for year (21,325 )
Balance at 31 March 2024 126,395

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,000,003 Ordinary £1 8,000,003 8,000,003

9. RESERVES
Revaluation
reserve
£   
Investments 53,606

At 31 March 2024 53,606

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S P Clark and Mrs L Clark
Balance outstanding at start of year - -
Amounts advanced 19,379 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,379 -

Interest has been charged at 2.25% per annum and the loan was repaid in June 2024.