Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30148798The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falseArable farming22falsetruefalse 00579846 2023-05-01 2024-04-30 00579846 2022-05-01 2023-04-30 00579846 2024-04-30 00579846 2023-04-30 00579846 c:CompanySecretary1 2023-05-01 2024-04-30 00579846 c:Director1 2023-05-01 2024-04-30 00579846 c:RegisteredOffice 2023-05-01 2024-04-30 00579846 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 00579846 d:Buildings d:LongLeaseholdAssets 2024-04-30 00579846 d:Buildings d:LongLeaseholdAssets 2023-04-30 00579846 d:PlantMachinery 2023-05-01 2024-04-30 00579846 d:PlantMachinery 2024-04-30 00579846 d:PlantMachinery 2023-04-30 00579846 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00579846 d:MotorVehicles 2023-05-01 2024-04-30 00579846 d:MotorVehicles 2024-04-30 00579846 d:MotorVehicles 2023-04-30 00579846 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00579846 d:FurnitureFittings 2023-05-01 2024-04-30 00579846 d:FurnitureFittings 2024-04-30 00579846 d:FurnitureFittings 2023-04-30 00579846 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00579846 d:OfficeEquipment 2023-05-01 2024-04-30 00579846 d:OfficeEquipment 2024-04-30 00579846 d:OfficeEquipment 2023-04-30 00579846 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00579846 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00579846 d:CurrentFinancialInstruments 2024-04-30 00579846 d:CurrentFinancialInstruments 2023-04-30 00579846 d:Non-currentFinancialInstruments 2024-04-30 00579846 d:Non-currentFinancialInstruments 2023-04-30 00579846 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 00579846 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 00579846 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 00579846 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 00579846 d:ShareCapital 2024-04-30 00579846 d:ShareCapital 2023-04-30 00579846 d:RetainedEarningsAccumulatedLosses 2024-04-30 00579846 d:RetainedEarningsAccumulatedLosses 2023-04-30 00579846 c:OrdinaryShareClass2 2023-05-01 2024-04-30 00579846 c:OrdinaryShareClass2 2024-04-30 00579846 c:OrdinaryShareClass3 2023-05-01 2024-04-30 00579846 c:OrdinaryShareClass3 2024-04-30 00579846 c:OrdinaryShareClass4 2023-05-01 2024-04-30 00579846 c:OrdinaryShareClass4 2024-04-30 00579846 c:OrdinaryShareClass5 2023-05-01 2024-04-30 00579846 c:OrdinaryShareClass5 2024-04-30 00579846 c:FRS102 2023-05-01 2024-04-30 00579846 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 00579846 c:FullAccounts 2023-05-01 2024-04-30 00579846 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00579846 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-05-01 2024-04-30 00579846 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-04-30 00579846 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-30 00579846 2 2023-05-01 2024-04-30 00579846 6 2023-05-01 2024-04-30 00579846 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00579846










F.P.MOLINEUX LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
F.P.MOLINEUX LIMITED
 
 
COMPANY INFORMATION


Director
P J Molineux 




Company secretary
Mrs C S Molineux



Registered number
00579846



Registered office
Ashby Hall
Ashby with Oby

Great Yarmouth

Norfolk

NR29 3BZ




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
F.P.MOLINEUX LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 10


 
F.P.MOLINEUX LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF F.P.MOLINEUX LIMITED
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of F.P.Molineux Limited for the year ended 30 April 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of F.P.Molineux Limited in accordance with the terms of our engagement letter dated 10 July 2021Our work has been undertaken solely to prepare for your approval the financial statements of F.P.Molineux Limited and state those matters that we have agreed to state to the director of F.P.Molineux Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than F.P.Molineux Limited and its director for our work or for this report. 

It is your duty to ensure that F.P.Molineux Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of F.P.Molineux Limited. You consider that F.P.Molineux Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of F.P.Molineux Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
27 January 2025
Page 1

 
F.P.MOLINEUX LIMITED
REGISTERED NUMBER: 00579846

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
503,624
511,380

Investments
  
887
887

  
504,511
512,267

Current assets
  

Stocks
  
137,403
155,567

Debtors: amounts falling due within one year
 5 
242,997
206,234

Cash at bank and in hand
  
61,017
137,669

  
441,417
499,470

Creditors: amounts falling due within one year
 6 
(173,371)
(253,094)

Net current assets
  
 
 
268,046
 
 
246,376

Total assets less current liabilities
  
772,557
758,643

Creditors: amounts falling due after more than one year
 7 
(36,085)
(57,703)

Provisions for liabilities
  

Deferred tax
  
(10,539)
(13,334)

Net assets
  
725,933
687,606


Capital and reserves
  

Called up share capital 
 8 
25,000
25,000

Profit and loss account
  
700,933
662,606

  
725,933
687,606


Page 2

 
F.P.MOLINEUX LIMITED
REGISTERED NUMBER: 00579846
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 January 2025.




P J Molineux
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
F.P.MOLINEUX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

F.P.Molineux Limited is a private company, limited by shares, incorporated and domiciled in England
and Wales. The registered office is Ashby Hall, Ashby With Oby, Great Yarmouth, Norfolk, United Kingdom, NR29 3BZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the Company in respect of crops sold and rents and arable subsidies receivable, exclusive of Value Added Tax.

Revenue is recognised in the following manner:
Crops sold - on physical delivery to the customer;
Rent receivable - amounts receivable in the year;
Wedding income - on an accruals basis, in accordance with the date of the hire;
Subsidy income - in the year when the qualifying conditions entitling payment are met.
 
 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
F.P.MOLINEUX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
 

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
25%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Land and buildings includes freehold and leasehold property improvements. Property improvements are not depreciated as they are held at residual value.

Page 5

 
F.P.MOLINEUX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.11

Stocks

Stocks and closing valuation for cultivations (work in progress) are valued at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
The cost of cultivations has been determined from cost of production calculations as calculated by the Company's management.  Consumable stocks are valued at cost.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
F.P.MOLINEUX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Land & buildings
Plant & machinery
Motor vehicles
Fixture & fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 May 2023
533,216
96,425
46,995
87,203
12,140


Additions
-
1,197
-
-
-


Disposals
-
(245)
-
-
-



At 30 April 2024

533,216
97,377
46,995
87,203
12,140



Depreciation


At 1 May 2023
56,151
89,424
35,843
73,293
9,888


Charge for the year on owned assets
-
1,166
2,788
3,477
1,314


Disposals
-
(37)
-
-
-



At 30 April 2024

56,151
90,553
38,631
76,770
11,202



Net book value



At 30 April 2024
477,065
6,824
8,364
10,433
938



At 30 April 2023
477,065
7,001
11,152
13,910
2,252
Page 7

 
F.P.MOLINEUX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 May 2023
775,979


Additions
1,197


Disposals
(245)



At 30 April 2024

776,931



Depreciation


At 1 May 2023
264,599


Charge for the year on owned assets
8,745


Disposals
(37)



At 30 April 2024

273,307



Net book value



At 30 April 2024
503,624



At 30 April 2023
511,380

Page 8

 
F.P.MOLINEUX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
37,201
40,253

Other debtors
175,525
141,844

Prepayments and accrued income
30,271
24,137

242,997
206,234



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
21,260
19,668

Trade creditors
61,760
159,053

Corporation tax
23,156
21,439

Other taxation and social security
69
213

Accruals and deferred income
67,126
52,721

173,371
253,094



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
36,085
57,703

36,085
57,703


The bank loan is secured by a legal charge over freehold land.

Page 9

 
F.P.MOLINEUX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4,000 Ordinary A shares of £1 each
4,000
4,000
200 Ordinary B shares of £1 each
200
200
12,100 Ordinary C shares of £1 each
12,100
12,100
7,450 Ordinary D shares of £1 each
7,450
7,450
1,250 Ordinary E shares of £1 each
1,250
1,250

25,000

25,000



9.


Transactions with directors

As at 1 May 2023 the director owed the company £108,111. During the year personal expenses of
£145,614 were met by the company and capital of £115,471 was introduced by the director. Interest was charged at 2.25% and totalled £3,184 for the year. As at 30 April 2024 the director owed the company £141,438. This loan is repayable on demand and included within other debtors in Note 7.

Page 10