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REGISTERED NUMBER: 04434150 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Cokenach Limited

Cokenach Limited (Registered number: 04434150)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Cokenach Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr N H Povlsen
Mr K W Grant





SECRETARY: Mr S From





REGISTERED OFFICE: Cokenach Ltd
Estate Office
Barkway
Royston
Hertfordshire
SG8 8DL





REGISTERED NUMBER: 04434150 (England and Wales)





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

Cokenach Limited (Registered number: 04434150)

Abridged Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,465,422 38,679,627
Investments 5 - -
38,465,422 38,679,627

CURRENT ASSETS
Stocks 1,730,914 2,258,419
Debtors 6 1,944,047 1,666,194
Cash at bank 867,080 1,427,388
4,542,041 5,352,001
CREDITORS
Amounts falling due within one year 809,186 1,684,906
NET CURRENT ASSETS 3,732,855 3,667,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,198,277

42,346,722

PROVISIONS FOR LIABILITIES 7 107,084 93,673
NET ASSETS 42,091,193 42,253,049

CAPITAL AND RESERVES
Called up share 8 41,800,000 41,800,000
Retained earnings 291,193 453,049
SHAREHOLDERS' FUNDS 42,091,193 42,253,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Cokenach Limited (Registered number: 04434150)

Abridged Balance Sheet - continued
31 July 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 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 November 2024 and were signed on its behalf by:





Mr N H Povlsen - Director


Cokenach Limited (Registered number: 04434150)

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

1. STATUTORY INFORMATION

Cokenach 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 net invoiced sales of crops, excluding value added tax.
Turnover also includes government subsidies in respect of the Single Farm Payment scheme, which is recognised on an accruals basis evenly over the calendar year in which the scheme operates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 10% on cost, 5% on cost and 1% on reducing balance
Plant and machinery - 20% on cost, 15% on reducing balance and 10% on cost

It has been agreed by the directors that half of the buildings will retain their residual value over a 50 year period. This is on the basis that the older buildings are well maintained and have an estimated useful life of more than 50 years. The remaining buildings are considered to have a useful life of 50 years. An effective rate of 1% straight line depreciation has therefore been applied on the costs of all buildings.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 tltd 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.


Cokenach Limited (Registered number: 04434150)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released in to the profit and loss account over the expected useful lives of the assets concerned.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 45,698,440
Additions 331,728
Disposals (157,132 )
At 31 July 2024 45,873,036
DEPRECIATION
At 1 August 2023 7,018,813
Charge for year 462,503
Eliminated on disposal (73,702 )
At 31 July 2024 7,407,614
NET BOOK VALUE
At 31 July 2024 38,465,422
At 31 July 2023 38,679,627

Cokenach Limited (Registered number: 04434150)

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

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 August 2023
and 31 July 2024 100
PROVISIONS
At 1 August 2023
and 31 July 2024 100
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Amounts owed by group undertakings 210,714 307,621

7. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 107,084 93,673

Deferred
tax
£   
Balance at 1 August 2023 93,673
Movement in year 13,411
Balance at 31 July 2024 107,084

The deferred tax provision is a proportion of last years tax charge which was deferred rather than paid.

8. CALLED UP SHARE

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
41,800,000 Ordinary £1 41,800,000 41,800,000