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REGISTERED NUMBER: 02021051 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

HATTON FARMS LIMITED

HATTON FARMS LIMITED (REGISTERED NUMBER: 02021051)






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


HATTON FARMS LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: Mrs S.S. Reed
Miss A M Grove
T W Maynard
Dr T.A.N. Reed
Mrs C.E. Golsong
Miss F.M. Reed
Miss O.A. Reed





REGISTERED OFFICE: One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB





REGISTERED NUMBER: 02021051 (England and Wales)

HATTON FARMS LIMITED (REGISTERED NUMBER: 02021051)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,372,061 984,113
Investments 5 45,146 45,146
1,417,207 1,029,259

CURRENT ASSETS
Stocks 399,743 509,616
Debtors 6 956,687 1,288,892
Investments 7 458,617 215,153
Cash at bank and in hand 1,388,094 1,344,080
3,203,141 3,357,741
CREDITORS
Amounts falling due within one year 8 218,219 325,183
NET CURRENT ASSETS 2,984,922 3,032,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,402,129

4,061,817

CREDITORS
Amounts falling due after more than one
year

9

(150,000

)

-

PROVISIONS FOR LIABILITIES (259,000 ) (215,000 )
NET ASSETS 3,993,129 3,846,817

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 3,963,129 3,816,817
SHAREHOLDERS' FUNDS 3,993,129 3,846,817

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.

HATTON FARMS LIMITED (REGISTERED NUMBER: 02021051)

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 17 January 2025 and were signed on its behalf by:





Mrs S.S. Reed - Director


HATTON FARMS LIMITED (REGISTERED NUMBER: 02021051)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Hatton 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 the provisions of Section1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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.
Buildings - Straight line over 20 years
Plant and machinery - Straight line over 10 years
Fixtures and fittings - Straight line over 10 years
Motor vehicles - Straight line over 5 years
Computer equipment - Straight line over 10 years

Stocks
The farm stock has been valued by Adkin Chartered Surveyors, at the lower of cost and net realisable value.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independantly administered fund. Contributions payable for the year are charged in the profit and loss account.


HATTON FARMS LIMITED (REGISTERED NUMBER: 02021051)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from the impairment are recognised in the profit and loss account in other administrative expenses.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction charges. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 190,153 1,818,631 2,008,784
Additions - 853,929 853,929
Disposals - (532,038 ) (532,038 )
At 30 June 2024 190,153 2,140,522 2,330,675
DEPRECIATION
At 1 July 2023 104,786 919,885 1,024,671
Charge for year 5,264 184,925 190,189
Eliminated on disposal - (256,246 ) (256,246 )
At 30 June 2024 110,050 848,564 958,614
NET BOOK VALUE
At 30 June 2024 80,103 1,291,958 1,372,061
At 30 June 2023 85,367 898,746 984,113

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Farmers First plc 2,617 2,617
Storage facilities 36,509 36,509
Rugby Farmers Mart Ltd 6,000 6,000
Atlas Fram Farmers Limited 20 20
45,146 45,146

HATTON FARMS LIMITED (REGISTERED NUMBER: 02021051)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 828,576 1,157,194
Other debtors 40,000 70,000
VAT 36,843 33,364
Prepayments 51,268 28,334
956,687 1,288,892

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 458,617 215,153

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 75,000 -
Trade creditors 32,636 106,344
Tax - 96,350
Other creditors 6,598 6,907
Accrued expenses 103,985 115,582
218,219 325,183

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 150,000 -

10. RELATED PARTY DISCLOSURES

During the year rent of £180,000 was paid to the Mrs. W.S. Walpole-Brown Haseley Settlement.