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REGISTERED NUMBER: 07161880 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BUCKMINSTER FARMS LIMITED

BUCKMINSTER FARMS LIMITED (REGISTERED NUMBER: 07161880)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUCKMINSTER FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Sir R J Tollemache
Lady A L Tollemache





REGISTERED OFFICE: Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH





REGISTERED NUMBER: 07161880 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

BUCKMINSTER FARMS LIMITED (REGISTERED NUMBER: 07161880)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,610,967 4,722,908
Investments 5 1 1
4,610,968 4,722,909

CURRENT ASSETS
Stocks 2,622,548 2,497,123
Debtors 6 355,670 1,119,285
Cash at bank 418,019 26,409
3,396,237 3,642,817
CREDITORS
Amounts falling due within one year 7 1,065,720 1,212,971
NET CURRENT ASSETS 2,330,517 2,429,846
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,941,485

7,152,755

PROVISIONS FOR LIABILITIES 1,095,487 1,132,006
NET ASSETS 5,845,998 6,020,749

CAPITAL AND RESERVES
Called up share capital 2,041,688 2,041,688
Retained earnings 3,804,310 3,979,061
5,845,998 6,020,749

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

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

BUCKMINSTER FARMS LIMITED (REGISTERED NUMBER: 07161880)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings 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:





Sir R J Tollemache - Director


BUCKMINSTER FARMS LIMITED (REGISTERED NUMBER: 07161880)

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


1. STATUTORY INFORMATION

Buckminster 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and 10% straight line
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Biological assets - not provided

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

BUCKMINSTER FARMS LIMITED (REGISTERED NUMBER: 07161880)

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


2. ACCOUNTING POLICIES - continued

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 16 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Tenants' Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 October 2023 1,188,104 5,941,574 19,625
Additions - 1,129,122 2,953
Disposals - (623,140 ) -
At 30 September 2024 1,188,104 6,447,556 22,578
DEPRECIATION
At 1 October 2023 270,190 2,327,562 10,480
Charge for year 21,779 837,245 758
Eliminated on disposal - (137,534 ) -
At 30 September 2024 291,969 3,027,273 11,238
NET BOOK VALUE
At 30 September 2024 896,135 3,420,283 11,340
At 30 September 2023 917,914 3,614,012 9,145

BUCKMINSTER FARMS LIMITED (REGISTERED NUMBER: 07161880)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Biological
vehicles assets Totals
£    £    £   
COST
At 1 October 2023 46,860 204,411 7,400,574
Additions 92,925 50,325 1,275,325
Disposals (30,610 ) (31,125 ) (684,875 )
At 30 September 2024 109,175 223,611 7,991,024
DEPRECIATION
At 1 October 2023 38,714 30,720 2,677,666
Charge for year 6,298 - 866,080
Eliminated on disposal (26,155 ) - (163,689 )
At 30 September 2024 18,857 30,720 3,380,057
NET BOOK VALUE
At 30 September 2024 90,318 192,891 4,610,967
At 30 September 2023 8,146 173,691 4,722,908

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 October 2023
and 30 September 2024 1
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
as restated
£    £   
Trade debtors 178,049 15,059
Amounts owed by group undertakings - 700,000
Other debtors 177,621 404,226
355,670 1,119,285

BUCKMINSTER FARMS LIMITED (REGISTERED NUMBER: 07161880)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
as restated
£    £   
Bank loans and overdrafts - 72,070
Trade creditors 597,718 311,088
Taxation and social security 30,134 337,773
Other creditors 437,868 492,040
1,065,720 1,212,971