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REGISTERED NUMBER: 00503404 (England and Wales)














CAYTOFT FARMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






CAYTOFT FARMS LIMITED (REGISTERED NUMBER: 00503404)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAYTOFT FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S J Cooper
Mrs H J Padley





REGISTERED OFFICE: Wrangle Hall
Hall End
Wrangle
Boston
Lincolnshire
PE22 9EZ





REGISTERED NUMBER: 00503404 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

CAYTOFT FARMS LIMITED (REGISTERED NUMBER: 00503404)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,551,552 1,551,641

CURRENT ASSETS
Debtors 4 645,007 363,338
Investments 5 474 474
Cash at bank 51 51
645,532 363,863
CREDITORS
Amounts falling due within one year 6 70,209 35,477
NET CURRENT ASSETS 575,323 328,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,126,875

1,880,027

PROVISIONS FOR LIABILITIES 15,626 12,180
NET ASSETS 2,111,249 1,867,847

CAPITAL AND RESERVES
Called up share capital 9,152 9,152
Capital redemption reserve 400 400
Retained earnings 2,101,697 1,858,295
SHAREHOLDERS' FUNDS 7 2,111,249 1,867,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CAYTOFT FARMS LIMITED (REGISTERED NUMBER: 00503404)

BALANCE SHEET - continued
30 JUNE 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 31 December 2024 and were signed on its behalf by:





S J Cooper - Director


CAYTOFT FARMS LIMITED (REGISTERED NUMBER: 00503404)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. 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 comprises management charges and the company's share of the partnership farming profits.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Farm Fixtures 10% Reducing balance basis
Tractors and equipment 30%/25% Reducing balance basis
Harvesters and balers 20% Reducing balance basis
Implements and machinery 12.5%/10% Reducing balance basis

Freehold property is not depreciated as it is maintained in such a way as to indefinitely lengthen its useful economic life, and therefore any depreciation charge would be immaterial.

Deferred taxation
The charges for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

3. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 1,550,950 136,212 1,687,162
DEPRECIATION
At 1 July 2023 - 135,521 135,521
Charge for year - 89 89
At 30 June 2024 - 135,610 135,610
NET BOOK VALUE
At 30 June 2024 1,550,950 602 1,551,552
At 30 June 2023 1,550,950 691 1,551,641

CAYTOFT FARMS LIMITED (REGISTERED NUMBER: 00503404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
WM Cooper & Sons 531,283 249,614
WM Cooper & Sons Limited 113,724 113,724
645,007 363,338

5. CURRENT ASSET INVESTMENTS

2017 2016
£ £

ECF Plc (in liquidation) - 473 shares 473 473
Yorkshire Farmers Bacon
Factory - 1 Share 1 1

474 474


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 47,734 16,212
Other creditors 22,475 19,265
70,209 35,477

7. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2024 2023
£    £   
Profit for the financial year 243,402 82,076
Opening shareholders' funds
Net addition to shareholders' funds 243,402 82,076
Opening shareholders' funds 1,867,847 1,785,771
Closing shareholders' funds 2,111,249 1,867,847