IRIS Accounts Production v24.2.0.383 00770273 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh007702732023-03-31007702732024-03-31007702732023-04-012024-03-31007702732022-03-31007702732022-04-012023-03-31007702732023-03-3100770273ns15:EnglandWales2023-04-012024-03-3100770273ns14:PoundSterling2023-04-012024-03-3100770273ns10:Director12023-04-012024-03-3100770273ns10:Director22023-04-012024-03-3100770273ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3100770273ns10:SmallEntities2023-04-012024-03-3100770273ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3100770273ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3100770273ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3100770273ns10:AbridgedAccounts2023-04-012024-03-3100770273ns10:OrdinaryShareClass22023-04-012024-03-3100770273ns10:RegisteredOffice2023-04-012024-03-3100770273ns5:CurrentFinancialInstruments2024-03-3100770273ns5:CurrentFinancialInstruments2023-03-3100770273ns5:ShareCapital2024-03-3100770273ns5:ShareCapital2023-03-3100770273ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3100770273ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3100770273ns5:RetainedEarningsAccumulatedLosses2024-03-3100770273ns5:RetainedEarningsAccumulatedLosses2023-03-3100770273ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 00770273 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Thistlebrook Farms Limited

Thistlebrook Farms Limited (Registered number: 00770273)






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


Thistlebrook Farms Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D W Murrell
N Murrell





REGISTERED OFFICE: Thistlebrook Farm
Long Marston Road
Wingrave
Aylesbury
Buckinghamshire
HP22 4LN





REGISTERED NUMBER: 00770273 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Thistlebrook Farms Limited (Registered number: 00770273)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,921,747 1,900,937

CURRENT ASSETS
Stocks 364,983 390,185
Debtors 135,123 121,456
Cash at bank 713,066 498,218
1,213,172 1,009,859
CREDITORS
Amounts falling due within one year 284,757 183,338
NET CURRENT ASSETS 928,415 826,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,850,162

2,727,458

PROVISIONS FOR LIABILITIES 129,824 90,656
NET ASSETS 2,720,338 2,636,802

CAPITAL AND RESERVES
Called up share 5 75 75
Other reserves 25 25
Retained earnings 2,720,238 2,636,702
SHAREHOLDERS' FUNDS 2,720,338 2,636,802

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.

Thistlebrook Farms Limited (Registered number: 00770273)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2024 and were signed on its behalf by:




D W Murrell - Director



N Murrell - Director


Thistlebrook Farms Limited (Registered number: 00770273)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Thistlebrook Farms 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 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:

Freehold property - 2% on cost
Plant & machinery - 15% Reducing balance, 2% on cost, 15 years straight line
Computer equipment - 25% Reducing balance
Motor vehicles - 20% Reducing balance
Tractors & combines - 15% Reducing balance

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

Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Thistlebrook Farms Limited (Registered number: 00770273)

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

2. ACCOUNTING POLICIES - continued

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 2,848,761
Additions 123,260
Disposals (48,409 )
At 31 March 2024 2,923,612
DEPRECIATION
At 1 April 2023 947,824
Charge for year 88,814
Eliminated on disposal (34,773 )
At 31 March 2024 1,001,865
NET BOOK VALUE
At 31 March 2024 1,921,747
At 31 March 2023 1,900,937

Thistlebrook Farms Limited (Registered number: 00770273)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 45,505
At 31 March 2024 45,505
DEPRECIATION
Charge for year 578
At 31 March 2024 578
NET BOOK VALUE
At 31 March 2024 44,927

5. CALLED UP SHARE

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
75 Ordinary 1 75 75