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REGISTERED NUMBER: 03526137 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

PARME FARM LIMITED

PARME FARM LIMITED (REGISTERED NUMBER: 03526137)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


PARME FARM LIMITED (REGISTERED NUMBER: 03526137)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,689,956 1,708,085
Investments 5 - -
1,689,956 1,708,085

CURRENT ASSETS
Stocks 370,032 380,965
Debtors 6 13,720 35,685
Investments 7 38,181 30,211
421,933 446,861
CREDITORS
Amounts falling due within one year 8 406,623 293,693
NET CURRENT ASSETS 15,310 153,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,705,266

1,861,253

CREDITORS
Amounts falling due after more than
one year

9

(1,076,341

)

(1,171,605

)

PROVISIONS FOR LIABILITIES (15,502 ) (17,941 )
NET ASSETS 613,423 671,707

PARME FARM LIMITED (REGISTERED NUMBER: 03526137)

BALANCE SHEET - continued
30TH APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 360,000 360,000
Other reserves 414,771 414,771
Retained earnings (161,348 ) (103,064 )
SHAREHOLDERS' FUNDS 613,423 671,707

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

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

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 18th December 2024 and were signed on its behalf by:





J G R Barlow - Director


PARME FARM LIMITED (REGISTERED NUMBER: 03526137)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Parme Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03526137

Registered office: High Street
Weaverham
Northwich
Cheshire
CW8 3HA

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.
Land and buildings - at varying rates on cost

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

Biological Assets
The class of biological assets within these financial statements are that of a herd of cattle and are
valued using the cost model in accordance with FRS102.


PARME FARM LIMITED (REGISTERED NUMBER: 03526137)

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


2. ACCOUNTING POLICIES - continued
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 5 (2023 - 5 ) .

PARME FARM LIMITED (REGISTERED NUMBER: 03526137)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2023 1,724,163 135,234 1,859,397
Additions 133 1,550 1,683
At 30th April 2024 1,724,296 136,784 1,861,080
DEPRECIATION
At 1st May 2023 110,506 40,806 151,312
Charge for year 5,422 14,390 19,812
At 30th April 2024 115,928 55,196 171,124
NET BOOK VALUE
At 30th April 2024 1,608,368 81,588 1,689,956
At 30th April 2023 1,613,657 94,428 1,708,085

Included in cost of land and buildings is freehold land of £ 608,325 (2023 - £ 608,325 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st May 2023
and 30th April 2024 69,073
PROVISIONS
At 1st May 2023
and 30th April 2024 69,073
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

PARME FARM LIMITED (REGISTERED NUMBER: 03526137)

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


5. FIXED ASSET INVESTMENTS - continued

The investment relates to the company's interest in the Parme Farm Partnership, an unincorporated farming business.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.4.24 30.4.23
£    £   
Trade debtors 10,460 24,992
Other debtors 3,260 10,693
13,720 35,685

7. CURRENT ASSET INVESTMENTS
30.4.24 30.4.23
£    £   
Unlisted investments 38,181 30,211

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 294,149 183,783
Hire purchase contracts 6,839 13,905
Trade creditors 114,463 76,879
Taxation and social security (12,508 ) 14,393
Other creditors 3,680 4,733
406,623 293,693

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 856,276 896,908
Hire purchase contracts - 7,083
Other creditors 220,065 267,614
1,076,341 1,171,605

PARME FARM LIMITED (REGISTERED NUMBER: 03526137)

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


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.4.24 30.4.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 703,472 744,104

10. RELATED PARTY DISCLOSURES

During the year, no rent (2023 - £Nil) for agricultural land was paid to the directors.

11. ULTIMATE CONTROLLING PARTY

The controlling party is the directors, JGR Barlow and Mrs MJ Barlow.