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REGISTERED NUMBER: 08782482 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MANOR FARM ENERGY LIMITED

MANOR FARM ENERGY LIMITED (REGISTERED NUMBER: 08782482)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANOR FARM ENERGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M G Kirkwood
R Kirkwood
O S Kirkwood
H F Kirkwood



REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ



REGISTERED NUMBER: 08782482 (England and Wales)



ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ



BANKERS: HSBC plc
55 Whitefriargate
Hull
East Yorkshire
HU1 2HX

MANOR FARM ENERGY LIMITED (REGISTERED NUMBER: 08782482)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,101,239 3,666,673
Investment property 5 1,000,000 1,000,000
8,101,239 4,666,673

CURRENT ASSETS
Stocks 16,465 24,317
Debtors 6 828,435 408,115
Cash at bank 108,762 375,318
953,662 807,750
CREDITORS
Amounts falling due within one year 7 1,965,224 820,902
NET CURRENT LIABILITIES (1,011,562 ) (13,152 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,089,677

4,653,521

CREDITORS
Amounts falling due after more than one
year

8

(3,394,966

)

(1,649,540

)

PROVISIONS FOR LIABILITIES (812,714 ) (599,995 )
NET ASSETS 2,881,997 2,403,986

CAPITAL AND RESERVES
Called up share capital 10 202 202
Revaluation reserve 11 317,000 317,000
Retained earnings 2,564,795 2,086,784
SHAREHOLDERS' FUNDS 2,881,997 2,403,986

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.

MANOR FARM ENERGY LIMITED (REGISTERED NUMBER: 08782482)

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.

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 25 October 2024 and were signed on its behalf by:





M G Kirkwood - Director


MANOR FARM ENERGY LIMITED (REGISTERED NUMBER: 08782482)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Manor Farm Energy 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 exported energy and associated subsidies, and farming income, excluding discounts, rebates, value added tax and other sales taxes. Income is recognised when energy is generated, and when crops are sold.

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 less land element
Improvements to property - 2% on cost
Wind turbine - 5% on cost
Plant and machinery - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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.

MANOR FARM ENERGY LIMITED (REGISTERED NUMBER: 08782482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

Rent received
Rent received is accounted for in accordance with the lease term and period of occupancy by the tenant.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,098,240 3,510,838 4,609,078
Additions - 3,541,138 3,541,138
At 31 March 2024 1,098,240 7,051,976 8,150,216
DEPRECIATION
At 1 April 2023 - 942,405 942,405
Charge for year - 106,572 106,572
At 31 March 2024 - 1,048,977 1,048,977
NET BOOK VALUE
At 31 March 2024 1,098,240 6,002,999 7,101,239
At 31 March 2023 1,098,240 2,568,433 3,666,673

Included in cost of land and buildings is freehold land of £ 1,098,240 (2023 - £ 1,098,240 ) which is not depreciated.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,000,000
NET BOOK VALUE
At 31 March 2024 1,000,000
At 31 March 2023 1,000,000

MANOR FARM ENERGY LIMITED (REGISTERED NUMBER: 08782482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 161,902
Valuation in 2022 200,000
Cost 638,098
1,000,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 638,098 638,098

Investment property was valued on an open market basis on 31 March 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 218,043 231,835
Other debtors 610,392 176,280
828,435 408,115

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 215,583 83,293
Trade creditors 271,321 237,080
Taxation and social security - 13,093
Other creditors 1,478,320 487,436
1,965,224 820,902

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 3,394,966 1,649,540

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 1,914,444 1,118,339

MANOR FARM ENERGY LIMITED (REGISTERED NUMBER: 08782482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 3,588,111 1,700,444

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100
100 Ordinary "B" £1 100 100
1 Ordinary "C" £1 1 1
1 Ordinary "D" £1 1 1
202 202

11. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 317,000

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
M G Kirkwood and R Kirkwood
Balance outstanding at start of year (236 ) (425 )
Amounts advanced 3,543,101 493,190
Amounts repaid (3,070,861 ) (493,001 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 472,004 (236 )

This loan was repaid in full on 31 July 2024.