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REGISTERED NUMBER: 03526108 (England and Wales)













Arlington Farming Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Arlington Farming Limited (Registered number: 03526108)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Arlington Farming Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: EM Astley-Arlington
JE Gladwell
EM Rathbone
CM Tufnell



SECRETARY: AM Astley-Arlington



REGISTERED OFFICE: Middlethorpe Grange
Caunton
Newark
Nottinghamshire
NG23 6BB



REGISTERED NUMBER: 03526108 (England and Wales)



ACCOUNTANTS: The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF



BANKERS: HSBC PLC
33 Park Row
Leeds
West Yorkshire
LS1 1LD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Arlington Farming Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Income and Retained Earnings and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arlington Farming Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Arlington Farming Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Arlington Farming Limited and state those matters that we have agreed to state to the Board of Directors of Arlington Farming Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arlington Farming Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Arlington Farming 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 Arlington Farming Limited. You consider that Arlington Farming Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Arlington Farming 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.






The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF


28 January 2025

Arlington Farming Limited (Registered number: 03526108)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,980,405 4,352,332
Investments 6 203,438 203,438
5,183,843 4,555,770

CURRENT ASSETS
Stocks 264,374 286,027
Debtors 7 1,823,860 1,744,460
Cash at bank 1,935,917 1,711,797
4,024,151 3,742,284
CREDITORS
Amounts falling due within one year 8 758,465 646,998
NET CURRENT ASSETS 3,265,686 3,095,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,449,529

7,651,056

CREDITORS
Amounts falling due after more than one
year

9

(34,802

)

(39,774

)

PROVISIONS FOR LIABILITIES 10 (319,284 ) (262,038 )
NET ASSETS 8,095,443 7,349,244

CAPITAL AND RESERVES
Allotted, issued and fully
paid share capital 1,000,000 1,000,000
Retained earnings 7,095,443 6,349,244
SHAREHOLDERS' FUNDS 8,095,443 7,349,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Arlington Farming Limited (Registered number: 03526108)

Balance Sheet - continued
31 March 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 28 January 2025 and were signed on its behalf by:





EM Astley-Arlington - Director


Arlington Farming Limited (Registered number: 03526108)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Arlington Farming 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.

The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months. The directors therefore consider it appropriate to prepare accounts on the going concern basis.

Turnover
Turnover represents electricity generated by the company's renewable energy assets together with milk and cattle sales from its two dairy farms and cattle externally hired out to another farm. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets
Intangible fixed assets are stated at cost less aggregate amortisation and permanent diminution in value. Intangible fixed assets are amortised on a straight-line basis so as to spread their cost over their expected useful economic lives as follows -

Entitlements - in full in year of acquisition.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land - not provided
Farm buildings - at varying rates on cost
Plant and machinery - 20% on reducing balance, 15% on cost, 5% on cost, at varying rates on cost and at variable rates on reducing balance
Motor vehicles - 20% on reducing balance
Herd - 25% on cost less residual value

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.


Arlington Farming Limited (Registered number: 03526108)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

Investments
Investments held as fixed assets are stated at cost less any provision for impairment as the market value is not readily quantifiable.

Biological assets
The company has the following biological assets which are valued as disclosed :-

Dairy herd - included in fixed assets and valued at depreciated cost.

Youngstock - included in stock and valued at their estimated cost with reference to current market values

3. EMPLOYEES

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 10,689
AMORTISATION
At 1 April 2023
and 31 March 2024 10,689
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Arlington Farming Limited (Registered number: 03526108)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Freehold Farm Plant and
land buildings machinery
£    £    £   
COST
At 1 April 2023 1,764,813 417,958 3,831,784
Additions - 418,612 336,968
Disposals - - -
At 31 March 2024 1,764,813 836,570 4,168,752
DEPRECIATION
At 1 April 2023 - 297,959 2,007,386
Charge for year - 32,661 240,835
Eliminated on disposal - - -
At 31 March 2024 - 330,620 2,248,221
NET BOOK VALUE
At 31 March 2024 1,764,813 505,950 1,920,531
At 31 March 2023 1,764,813 119,999 1,824,398

Motor
vehicles Herd Totals
£    £    £   
COST
At 1 April 2023 4,110 1,061,181 7,079,846
Additions - 491,267 1,246,847
Disposals - (296,633 ) (296,633 )
At 31 March 2024 4,110 1,255,815 8,030,060
DEPRECIATION
At 1 April 2023 2,482 419,687 2,727,514
Charge for year 203 230,851 504,550
Eliminated on disposal - (182,409 ) (182,409 )
At 31 March 2024 2,685 468,129 3,049,655
NET BOOK VALUE
At 31 March 2024 1,425 787,686 4,980,405
At 31 March 2023 1,628 641,494 4,352,332

Arlington Farming Limited (Registered number: 03526108)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 203,438
NET BOOK VALUE
At 31 March 2024 203,438
At 31 March 2023 203,438

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 476,491 360,137
Prepayments and accrued income 639,750 374,602
Amounts owed by participating interests 192,603 217,124
VAT 26,187 61,419
1,335,031 1,013,282

Amounts falling due after more than one year:
Amounts owed by participating interests 488,829 731,178

Aggregate amounts 1,823,860 1,744,460

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 508,833 214,190
Amounts owed to participating interests 24,733 24,733
Corporation tax payable 64,375 288,027
Accruals and deferred income 160,524 120,048
758,465 646,998

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Accruals & deferred income 34,802 39,774

Arlington Farming Limited (Registered number: 03526108)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Deferred tax - accelerated
capital allowances 397,124 354,887
Deferred tax - herd movement (77,840 ) (92,849 )
319,284 262,038

Deferred
tax
£   
Balance at 1 April 2023 262,038
Accelerated capital allowances 42,237
Herd movement 15,009
Balance at 31 March 2024 319,284

11. OTHER FINANCIAL COMMITMENTS

The company has financial commitments of £553,470 (2023: £665,156) relating to the renting of land for a period which runs to September 2031.

12. RELATED PARTY DISCLOSURES

From time to time the company lends or borrows money from other entities connected to the directors. Balances due or outstanding are as shown in the debtors and creditors notes. Interest is charged/paid on these balances, apart from balances owed solely to the directors or the secretary or the Astley Charitable Trust, based upon HMRC's official rate of interest

Cattle are hired out to a company connected to the directors of Arlington Farming Limited, deadstock disposal costs and a management fee are paid to the connected company. Income for the year from cow hire and cattle sales is £143,950 (2023: £82,527); the deadstock disposal costs are £2,737 (2023: £Nil); the management fee paid is £12,000 (2023: £12,000), and Arlington Farming Limited is owed £270,485 (2023: £139,490) at the year end.

At the year end the company was owed £42,778 (2023: £43,087) from a company which is controlled by one of the directors. Arlington Farming Limited had a trade creditor balance of £Nil (2023: £31,150) with the same company. Arlington Farming Ltd had also loaned £681,432 (2023: £916,052) to the same company. A commercial rate of interest is charged on the loan.