Eastbury Estates (1955) Limited 00547411 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of farming, including contract farming work. Digita Accounts Production Advanced 6.30.9574.0 true 00547411 2023-04-01 2024-03-31 00547411 2024-03-31 00547411 core:RetainedEarningsAccumulatedLosses 2024-03-31 00547411 core:RevaluationReserve 2024-03-31 00547411 core:ShareCapital 2024-03-31 00547411 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-03-31 00547411 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-03-31 00547411 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00547411 core:Non-currentFinancialInstruments 2024-03-31 00547411 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 00547411 bus:SmallEntities 2023-04-01 2024-03-31 00547411 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00547411 bus:FullAccounts 2023-04-01 2024-03-31 00547411 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00547411 bus:RegisteredOffice 2023-04-01 2024-03-31 00547411 bus:Director4 2023-04-01 2024-03-31 00547411 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00547411 core:Buildings 2023-04-01 2024-03-31 00547411 core:MotorVehicles 2023-04-01 2024-03-31 00547411 core:PlantMachinery 2023-04-01 2024-03-31 00547411 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-04-01 2024-03-31 00547411 countries:EnglandWales 2023-04-01 2024-03-31 00547411 2023-03-31 00547411 2022-04-01 2023-03-31 00547411 2023-03-31 00547411 core:RetainedEarningsAccumulatedLosses 2023-03-31 00547411 core:RevaluationReserve 2023-03-31 00547411 core:ShareCapital 2023-03-31 00547411 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-03-31 00547411 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-03-31 00547411 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 00547411 core:Non-currentFinancialInstruments 2023-03-31 00547411 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 00547411

Eastbury Estates (1955) Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2024

 

Eastbury Estates (1955) Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 5

 

Eastbury Estates (1955) Limited

(Registration number: 00547411)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

705,566

628,130

Other financial assets

6

218,179

192,266

 

923,745

820,396

Current assets

 

Stocks

359,350

420,288

Debtors

385,140

418,087

Cash at bank and in hand

 

562,143

523,986

 

1,306,633

1,362,361

Creditors: Amounts falling due within one year

(346,402)

(340,501)

Net current assets

 

960,231

1,021,860

Total assets less current liabilities

 

1,883,976

1,842,256

Creditors: Amounts falling due after more than one year

(155,572)

(128,878)

Provisions for liabilities

(107,741)

(92,046)

Net assets

 

1,620,663

1,621,332

Capital and reserves

 

Called up share capital

30,000

30,000

Revaluation reserve

53,217

40,203

Profit and loss account

1,537,446

1,551,129

Total equity

 

1,620,663

1,621,332

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 22 October 2024 and signed on its behalf by:
 

Mr J R L Farquharson

Director

 

Eastbury Estates (1955) Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 22 October 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.


Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Eastbury Estates (1955) Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold buildings

4-33% reducing balance

Plant and machinery

15-33% reducing balance

Motor vehicles

25-33% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 7).

 

Eastbury Estates (1955) Limited

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

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2023

100,000

At 31 March 2024

100,000

Amortisation

At 1 April 2023

100,000

At 31 March 2024

100,000

Carrying amount

At 31 March 2024

-

5

Tangible assets

Total
£

Cost or valuation

At 1 April 2023

1,745,276

Additions

245,630

Disposals

(150,593)

At 31 March 2024

1,840,313

Depreciation

At 1 April 2023

1,117,145

Charge for the year

122,746

Eliminated on disposal

(105,144)

At 31 March 2024

1,134,747

Carrying amount

At 31 March 2024

705,566

At 31 March 2023

628,130

6

Other financial assets (current and non-current)

2024
£

2023
£

Non-current financial assets

Financial assets at fair value through profit and loss

216,441

190,528

Financial assets at cost less impairment

1,738

1,738

218,179

192,266

 

Eastbury Estates (1955) Limited

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

7

Related party transactions

Advances to directors

Summary of transactions with entities with joint control or significant interest

B and W Feeds (Mobile) Limited
 
Company in which the director is also a director

 
During the year the company charged B and W Feeds (Mobile) Limited £46,225 of recharged expenses (2023 - £58,189).

During the year B and W Feeds (Mobile) Limited charged the company £47,253 for services provided (2023 - £55,612).

At the balance sheet date the amount due from B and W Feeds (Mobile) Limited is £186,907.