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REGISTERED NUMBER: 01909372 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

TODDINGTONS LIMITED

TODDINGTONS LIMITED (REGISTERED NUMBER: 01909372)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TODDINGTONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A R Marlow
J F Chambers
A A G Chambers





SECRETARY: A R Marlow





REGISTERED OFFICE: Eagle House
28 Billing Road
Northampton
Northamptonshire
NN1 5AJ





REGISTERED NUMBER: 01909372 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Eagle House
28 Billing Road
Northampton
NN1 5AJ

TODDINGTONS LIMITED (REGISTERED NUMBER: 01909372)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 591,946 592,269
Investments 5 488,556 484,356
Investment property 6 835,256 875,256
1,915,758 1,951,881

CURRENT ASSETS
Stocks 81,438 81,710
Debtors 7 414,231 416,470
Cash at bank 182,764 109,772
678,433 607,952
CREDITORS
Amounts falling due within one year 8 75,809 73,711
NET CURRENT ASSETS 602,624 534,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,518,382

2,486,122

PROVISIONS FOR LIABILITIES 121,043 112,988
NET ASSETS 2,397,339 2,373,134

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 233,678 256,178
Retained earnings 11 2,163,561 2,116,856
SHAREHOLDERS' FUNDS 2,397,339 2,373,134

TODDINGTONS LIMITED (REGISTERED NUMBER: 01909372)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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.

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 27 January 2025 and were signed on its behalf by:




J F Chambers - Director



A R Marlow - Director


TODDINGTONS LIMITED (REGISTERED NUMBER: 01909372)

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


1. STATUTORY INFORMATION

Toddingtons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The registered place of business is Castle Cenlas, Mathry, Haverfordwest, Pembrokeshire, Wales, SA62 5JD.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

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.
Freehold property - 2% on cost
Plant and machinery - 20% on cost and 5% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

TODDINGTONS LIMITED (REGISTERED NUMBER: 01909372)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Investments
Listed investments are held at fair value at the balance sheet date with gains and losses during the year being charged to the profit and loss account.

Unlisted investments are held at cost less impairment. Impairments are charged to the profit and loss account in the year in which they occur.

3. EMPLOYEES AND DIRECTORS

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

TODDINGTONS LIMITED (REGISTERED NUMBER: 01909372)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 434,012 285,418 18,204 2,363 739,997
Additions - 9,491 6,760 - 16,251
At 30 April 2024 434,012 294,909 24,964 2,363 756,248
DEPRECIATION
At 1 May 2023 12,387 115,763 18,204 1,374 147,728
Charge for year 1,471 13,943 789 371 16,574
At 30 April 2024 13,858 129,706 18,993 1,745 164,302
NET BOOK VALUE
At 30 April 2024 420,154 165,203 5,971 618 591,946
At 30 April 2023 421,625 169,655 - 989 592,269

Included in freehold land and buildings is land valued at £359,824 which is not depreciated. In the opinion of the directors the market value of this land is £2m.

5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 114,839 369,517 484,356
Additions 51,482 5,450 56,932
Disposals - (46,452 ) (46,452 )
Revaluations (6,280 ) - (6,280 )
At 30 April 2024 160,041 328,515 488,556
NET BOOK VALUE
At 30 April 2024 160,041 328,515 488,556
At 30 April 2023 114,839 369,517 484,356

Listed investments are stated at market value. Unlisted investments are stated at cost.

TODDINGTONS LIMITED (REGISTERED NUMBER: 01909372)

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


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 875,256
Disposals (40,000 )
At 30 April 2024 835,256
NET BOOK VALUE
At 30 April 2024 835,256
At 30 April 2023 875,256

Investment properties have been valued at fair value by the director Mr A R Marlow at the year end.

The historical cost of investment properties is £441,674

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 122 122
VAT 249 2,488
371 2,610

Amounts falling due after more than one year:
Other debtors 413,860 413,860

Aggregate amounts 414,231 416,470

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 3,877 6,342
Tax 27,606 28,948
Directors' current accounts 33,612 27,856
Accruals and deferred income 10,714 10,565
75,809 73,711

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 3,877 6,342

The other loans are secured against the agricultural properties owned by the company within freehold property.

TODDINGTONS LIMITED (REGISTERED NUMBER: 01909372)

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


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
36 Ordinary Voting £1 36 36
45 Ordinary Non-Voting £1 45 45
19 Ordinary C £1 19 19
100 100

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2023 2,116,856 256,178 2,373,034
Profit for the year 105,405 - 105,405
Dividends (81,200 ) - (81,200 )
Reserves transfer 22,500 (22,500 ) -
At 30 April 2024 2,163,561 233,678 2,397,239