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REGISTERED NUMBER: 09881455 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CHRISTOPHER NORTON LIMITED

CHRISTOPHER NORTON LIMITED (REGISTERED NUMBER: 09881455)

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










Page

Balance sheet 1

Notes to the financial statements 3


CHRISTOPHER NORTON LIMITED (REGISTERED NUMBER: 09881455)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 267,811 280,693
267,811 280,693

Current assets
Stocks 11,196 16,880
Debtors 6 5,865 8,111
Cash at bank 313,983 11,086
331,044 36,077
Creditors
Amounts falling due within one year 7 545,442 256,441
Net current liabilities (214,398 ) (220,364 )
Total assets less current liabilities 53,413 60,329

Creditors
Amounts falling due after more than one year 8 (16,515 ) (25,736 )

Provisions for liabilities 9 (15,072 ) (13,497 )
Net assets 21,826 21,096

Capital and reserves
Called up share capital 10 1 1
Retained earnings 21,825 21,095
Shareholders' funds 21,826 21,096

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 director acknowledges his 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.

CHRISTOPHER NORTON LIMITED (REGISTERED NUMBER: 09881455)

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





Mr C Norton - Director


CHRISTOPHER NORTON LIMITED (REGISTERED NUMBER: 09881455)

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


1. Statutory information

Christopher Norton Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09881455. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Higher Pleydells Farm, Okeford Fitzpaine, Blandford, Dorset, DT11 0TE.

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 represents income from farming and related activities, net of value added tax.

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 have been fully amortised over their estimated useful life of 4 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 property - 2% on cost
Plant and machinery - 15% on reducing balance
Office equipment - 25% on reducing balance
Tractors - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

CHRISTOPHER NORTON LIMITED (REGISTERED NUMBER: 09881455)

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


3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 January 2023
and 31 December 2023 8,832
Amortisation
At 1 January 2023
and 31 December 2023 8,832
Net book value
At 31 December 2023 -
At 31 December 2022 -

5. Tangible fixed assets
Freehold Plant and Office
property machinery equipment
£    £    £   
Cost
At 1 January 2023 214,690 92,943 449
Additions 3,928 1,766 -
Disposals (924 ) - -
At 31 December 2023 217,694 94,709 449
Depreciation
At 1 January 2023 10,060 35,628 112
Charge for year 4,354 8,862 85
At 31 December 2023 14,414 44,490 197
Net book value
At 31 December 2023 203,280 50,219 252
At 31 December 2022 204,630 57,315 337

CHRISTOPHER NORTON LIMITED (REGISTERED NUMBER: 09881455)

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


5. Tangible fixed assets - continued

Computer
Tractors equipment Totals
£    £    £   
Cost
At 1 January 2023 32,032 1,869 341,983
Additions - 500 6,194
Disposals - - (924 )
At 31 December 2023 32,032 2,369 347,253
Depreciation
At 1 January 2023 14,032 1,458 61,290
Charge for year 4,500 351 18,152
At 31 December 2023 18,532 1,809 79,442
Net book value
At 31 December 2023 13,500 560 267,811
At 31 December 2022 18,000 411 280,693

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 5,787 6,238
VAT 78 12
Prepayments - 1,861
5,865 8,111

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,098 10,736
Trade creditors 1,217 177
Other creditors 1,316 2,034
Directors' current accounts 515,339 239,744
Accruals and deferred income 17,472 3,750
545,442 256,441

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 10,398 10,098
Bank loans - 2-5 years 6,117 15,638
16,515 25,736

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax 15,072 13,497

CHRISTOPHER NORTON LIMITED (REGISTERED NUMBER: 09881455)

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


9. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 January 2023 13,497
Charge to Income statement during year 1,575
Balance at 31 December 2023 15,072

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

11. Ultimate controlling party

The company is controlled by the director, Mr C Norton, who owns 100% of the issued share capital.