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REGISTERED NUMBER: 07061348 (England and Wales)















Brittain Farming Limited

Unaudited Financial Statements For The Year Ended 30 April 2024






Brittain Farming Limited (Registered number: 07061348)






Contents of the Financial Statements
For The Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Brittain Farming Limited

Company Information
For The Year Ended 30 April 2024







DIRECTORS: Mrs J Brittain
C R Brittain





REGISTERED OFFICE: Eastfield Farm
Tickhill
Doncaster
South Yorkshire
DN11 9JD





REGISTERED NUMBER: 07061348 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Brittain Farming Limited (Registered number: 07061348)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 824
Tangible assets 5 1,209,611 545,104
1,209,611 545,928

CURRENT ASSETS
Stocks 301,764 401,624
Debtors 146,623 249,549
Cash at bank and in hand 1,500 241,926
449,887 893,099
CREDITORS
Amounts falling due within one year 248,914 296,915
NET CURRENT ASSETS 200,973 596,184
TOTAL ASSETS LESS CURRENT LIABILITIES 1,410,584 1,142,112

CREDITORS
Amounts falling due after more than one year 6 (201,328 ) (16,313 )

PROVISIONS FOR LIABILITIES (157,395 ) (125,365 )
NET ASSETS 1,051,861 1,000,434

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,051,761 1,000,334
SHAREHOLDERS' FUNDS 1,051,861 1,000,434

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

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

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 30 April 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 19 January 2025 and were signed on its behalf by:



Mrs J Brittain - Director


Brittain Farming Limited (Registered number: 07061348)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Brittain Farming 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 goods and services, excluding value added tax.

Intangible assets
The single farm payment entitlement is being amortised over its useful expected life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land- not provided
Buildings- 10% on cost
Tractors- 10% on cost
Plant and machinery- 25% on reducing balance
Motor vehicles- 25% on reducing balance

Stocks
Stocks represent the cost of growing crops and crops on hand and livestock at deemed cost of production.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

Brittain Farming Limited (Registered number: 07061348)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 4,116
AMORTISATION
At 1 May 2023 3,292
Amortisation for year 824
At 30 April 2024 4,116
NET BOOK VALUE

At 30 April 2024 -
At 30 April 2023 824

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 1,121,563
Additions 859,175
Disposals (126,320 )
At 30 April 2024 1,854,418
DEPRECIATION
At 1 May 2023 576,459
Charge for year 127,081
Eliminated on disposal (58,733 )
At 30 April 2024 644,807
NET BOOK VALUE
At 30 April 2024 1,209,611
At 30 April 2023 545,104

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loan more than 5 years by instalments 125,754 -

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 122,313 48,617

Hire purchase agreements are secured by a charge over the related asset.

Brittain Farming Limited (Registered number: 07061348)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20 A Ordinary £1 20 20
40 B Ordinary £1 40 40
40 C Ordinary £1 40 40
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
C R Brittain and Mrs J Brittain
Balance outstanding at start of year 54,061 38,821
Amounts advanced 45,720 54,061
Amounts repaid (54,061 ) (38,821 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,720 54,061

Interest has been charged on the loan in the year at 2.25%.

10. RELATED PARTY DISCLOSURES

The company occupies 70 acres of land owned by one of the directors. No rent is charged on the land. The annual market rent would be £130 per acre.