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REGISTERED NUMBER: 08305921 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

UK COUNTRY ESTATES LIMITED

UK COUNTRY ESTATES LIMITED (REGISTERED NUMBER: 08305921)

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


UK COUNTRY ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M Q H Van Poecke
Atlas Country Estate BV





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 08305921 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

UK COUNTRY ESTATES LIMITED (REGISTERED NUMBER: 08305921)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 774,229 537,979

CURRENT ASSETS
Stocks - 11,617
Debtors 6 465,550 284,076
Cash at bank and in hand 176,170 473,071
641,720 768,764
CREDITORS
Amounts falling due within one year 7 305,998 151,505
NET CURRENT ASSETS 335,722 617,259
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,109,951

1,155,238

CREDITORS
Amounts falling due after more than one
year

8

6,469,730

5,436,349
NET LIABILITIES (5,359,779 ) (4,281,111 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (5,359,780 ) (4,281,112 )
SHAREHOLDERS' FUNDS (5,359,779 ) (4,281,111 )

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.

UK COUNTRY ESTATES LIMITED (REGISTERED NUMBER: 08305921)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





M Q H Van Poecke - Director


UK COUNTRY ESTATES LIMITED (REGISTERED NUMBER: 08305921)

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


1. STATUTORY INFORMATION

UK Country Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence for the foreseeable future.

During the year the company met its working capital requirements through continued financial support received from a group company.

This company has agreed to continue to provide such financial support as is necessary to enable UK Country Estates Limited to meet its liabilities as they fall due and to carry on its business without any significant curtailment of operations for the 12 months following the approval of these accounts.

Income recognition
Income is recognised on the following basis:

(a) agricultural produce is invoiced when the produce is delivered to the customer;
(b) shoot income is invoiced at the point of supply of the service;
(c) any other income is invoiced at the point of supply of the goods or services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and machinery - 15-25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

UK COUNTRY ESTATES LIMITED (REGISTERED NUMBER: 08305921)

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


3. ACCOUNTING POLICIES - continued

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

Stock is held at valuation prepared in accordance with the conventions set out in the CAAV/RICS stocktaking guidance note.

The valuation was prepared in accordance with Inland Revenue Guidance Notes, BEN 19, amended in accordance with ICAEW guidance on Single Farm Payment treatment for accounting purposes.

Cultivations have been valued on a standard costs basis, using CAAV Guide to Costings and supporting working papers.

Consumable stocks of seed, fertiliser, spray, fuel and sundry stores are valued at invoice price or market value if lower.

Crops in store have been valued on a "deemed" cost basis which has been calculated at 75% of the average sale value.

Growing crops have been valued on a cost of production basis to year end.

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.

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
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.

UK COUNTRY ESTATES LIMITED (REGISTERED NUMBER: 08305921)

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


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 337,043 216,891 166,495 289,472 1,009,901
Additions - 48,831 - 340,746 389,577
Disposals - - - (37,350 ) (37,350 )
At 31 December 2023 337,043 265,722 166,495 592,868 1,362,128
DEPRECIATION
At 1 January 2023 115,269 86,803 126,845 143,005 471,922
Charge for year 13,481 22,775 5,947 75,386 117,589
Eliminated on disposal - - - (17,612 ) (17,612 )
Reclassification/transfer - - - 16,000 16,000
At 31 December 2023 128,750 109,578 132,792 216,779 587,899
NET BOOK VALUE
At 31 December 2023 208,293 156,144 33,703 376,089 774,229
At 31 December 2022 221,774 130,088 39,650 146,467 537,979

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 413,019 243,044
Other debtors 52,531 23,687
Prepayments - 17,345
465,550 284,076

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 164,002 44,919
Social security and other taxes 12,478 9,718
VAT 72,889 67,317
Other creditors 28,129 3,051
Accruals and deferred income 28,500 26,500
305,998 151,505

UK COUNTRY ESTATES LIMITED (REGISTERED NUMBER: 08305921)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Amounts owed to participating interests 6,469,730 5,436,349

9. RELATED PARTY DISCLOSURES

Included within creditors falling due after one year are loans from other group companies totalling £6,469,730. A commercial rate of interest is charged on this loan.