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REGISTERED NUMBER: 00591780 (England and Wales)















UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE YEAR ENDED 10 OCTOBER 2024

FOR

SIMMS FARMS LIMITED

SIMMS FARMS LIMITED (REGISTERED NUMBER: 00591780)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 10 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMMS FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 10 OCTOBER 2024







DIRECTORS: S J Iron
M R B Bowes





REGISTERED OFFICE: 31 High Street
Haverhill
Suffolk
CB9 8AD





REGISTERED NUMBER: 00591780 (England and Wales)





ACCOUNTANTS: Streets Hackett Griffey LLP
Accountants & Business Advisers
31 High Street
Haverhill
Suffolk
CB9 8AD

SIMMS FARMS LIMITED (REGISTERED NUMBER: 00591780)

BALANCE SHEET
10 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 14,700
Tangible assets 5 - 26,218
Investments 6 - 20
- 40,938

CURRENT ASSETS
Stocks - 86,500
Debtors 7 4,411 19,947
Cash at bank 2,864,539 71,329
2,868,950 177,776
CREDITORS
Amounts falling due within one year 8 465,796 209,830
NET CURRENT ASSETS/(LIABILITIES) 2,403,154 (32,054 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,403,154

8,884

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 2,393,154 (1,116 )
2,403,154 8,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 10 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 10 October 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.

SIMMS FARMS LIMITED (REGISTERED NUMBER: 00591780)

BALANCE SHEET - continued
10 OCTOBER 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 18 November 2024 and were signed on its behalf by:





M R B Bowes - Director


SIMMS FARMS LIMITED (REGISTERED NUMBER: 00591780)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 10 OCTOBER 2024

1. STATUTORY INFORMATION

Simms 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.

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


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 crop sales.

Intangible assets
Patents and licences are not amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% straight line
Plant and machinery etc - in accordance with the property

Stocks
Stock has been valued by a Director in accordance with HMRC HS232.

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.

3. EMPLOYEES AND DIRECTORS

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

SIMMS FARMS LIMITED (REGISTERED NUMBER: 00591780)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 10 OCTOBER 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 11 October 2023 14,700
Disposals (14,700 )
At 10 October 2024 -
NET BOOK VALUE
At 10 October 2024 -
At 10 October 2023 14,700

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 11 October 2023 13,525 44,978 58,503
Disposals (13,525 ) (44,978 ) (58,503 )
At 10 October 2024 - - -
DEPRECIATION
At 11 October 2023 - 32,285 32,285
Eliminated on disposal - (32,285 ) (32,285 )
At 10 October 2024 - - -
NET BOOK VALUE
At 10 October 2024 - - -
At 10 October 2023 13,525 12,693 26,218

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 11 October 2023 20
Disposals (20 )
At 10 October 2024 -
NET BOOK VALUE
At 10 October 2024 -
At 10 October 2023 20

SIMMS FARMS LIMITED (REGISTERED NUMBER: 00591780)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 10 OCTOBER 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 4,691
Other debtors 4,411 15,256
4,411 19,947

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,195 12,838
Taxation and social security 265,540 4,212
Other creditors 178,061 192,780
465,796 209,830