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REGISTERED NUMBER: 04067554 (England and Wales)



















Financial Statements

for the Year Ended 31 December 2023

for

Bentley Farming Limited

Bentley Farming Limited (Registered number: 04067554)






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


Bentley Farming Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A P Bentley
Mrs K M Bentley
Mrs J E Bentley





SECRETARY: Mrs K M Bentley





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 04067554 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Bentley Farming Limited (Registered number: 04067554)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 745,222 726,769

CURRENT ASSETS
Stocks 146,265 203,880
Debtors 5 86,910 33,980
Cash at bank 56,680 46,745
289,855 284,605
CREDITORS
Amounts falling due within one year 6 503,199 469,657
NET CURRENT LIABILITIES (213,344 ) (185,052 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

531,878

541,717

CREDITORS
Amounts falling due after more than one
year

7

(267,162

)

(259,924

)

PROVISIONS FOR LIABILITIES 9 (69,000 ) (68,000 )
NET ASSETS 195,716 213,793

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 195,616 213,693
SHAREHOLDERS' FUNDS 195,716 213,793

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.

Bentley Farming Limited (Registered number: 04067554)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





A P Bentley - Director


Bentley Farming Limited (Registered number: 04067554)

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

1. STATUTORY INFORMATION

Bentley 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 represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.

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 - No depreciation
Short leasehold - over the period of the lease
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

Cost is determined on a first in first out basis using purchase invoice price. Net realisable value is based on the estimated selling price less further costs expected to be incurred to completion and disposal.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences.

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.

3. EMPLOYEES AND DIRECTORS

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

Bentley Farming Limited (Registered number: 04067554)

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

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
land leasehold machinery
£    £    £   
COST
At 1 January 2023 370,124 22,115 601,179
Additions - - 100,496
Disposals - - (37,500 )
At 31 December 2023 370,124 22,115 664,175
DEPRECIATION
At 1 January 2023 - 21,013 255,010
Charge for year - 1,102 56,026
Eliminated on disposal - - (21,826 )
At 31 December 2023 - 22,115 289,210
NET BOOK VALUE
At 31 December 2023 370,124 - 374,965
At 31 December 2022 370,124 1,102 346,169

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 25,823 1,325 1,020,566
Additions - - 100,496
Disposals (25,823 ) - (63,323 )
At 31 December 2023 - 1,325 1,057,739
DEPRECIATION
At 1 January 2023 16,715 1,059 293,797
Charge for year - 133 57,261
Eliminated on disposal (16,715 ) - (38,541 )
At 31 December 2023 - 1,192 312,517
NET BOOK VALUE
At 31 December 2023 - 133 745,222
At 31 December 2022 9,108 266 726,769


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 77,488 24,747
Other debtors - 994
Prepayments 9,422 8,239
86,910 33,980

Bentley Farming Limited (Registered number: 04067554)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,428 6,158
Hire purchase contracts 31,410 13,614
Trade creditors 16,872 2,645
Taxation - 3,263
Social security and other taxes 7,048 460
Directors' current accounts 417,515 419,485
Accrued expenses 23,926 24,032
503,199 469,657

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-5 years 28,658 27,453
Bank loans over 5 years 174,447 182,085
Hire purchase contracts 64,057 50,386
267,162 259,924

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans over 5 years 174,447 182,085

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 209,533 215,696
Hire purchase contracts 95,467 64,000
305,000 279,696

Debts are secured against the assets that they relate to.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 69,000 68,000

Deferred
tax
£   
Balance at 1 January 2023 68,000
Provided during year 1,000
Balance at 31 December 2023 69,000