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REGISTERED NUMBER: 07727368 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

LANCASHIRE CROP CONSULTANCY LIMITED

LANCASHIRE CROP CONSULTANCY LIMITED (REGISTERED NUMBER: 07727368)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


LANCASHIRE CROP CONSULTANCY LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr J Kilner-Johns
Mr P Johns





REGISTERED OFFICE: Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG





REGISTERED NUMBER: 07727368 (England and Wales)





ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lancashire Crop Consultancy 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 Income Statement 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 Lancashire Crop Consultancy Limited for the year ended 31 October 2024 which comprise the Income Statement, 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 Lancashire Crop Consultancy Limited, as a body, in accordance with the terms of our engagement letter dated 9 August 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Lancashire Crop Consultancy Limited and state those matters that we have agreed to state to the Board of Directors of Lancashire Crop Consultancy 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 Lancashire Crop Consultancy Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lancashire Crop Consultancy 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 Lancashire Crop Consultancy Limited. You consider that Lancashire Crop Consultancy 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 Lancashire Crop Consultancy 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.






Butterworth Barlow
Chartered Accountants
Liverpool


23 January 2025

LANCASHIRE CROP CONSULTANCY LIMITED (REGISTERED NUMBER: 07727368)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 723,527 612,781

CURRENT ASSETS
Stocks 36,168 55,159
Debtors 5 238,629 284,143
Cash at bank 639,870 1,059,156
914,667 1,398,458
CREDITORS
Amounts falling due within one year 6 1,252,832 1,355,297
NET CURRENT (LIABILITIES)/ASSETS (338,165 ) 43,161
TOTAL ASSETS LESS CURRENT LIABILITIES 385,362 655,942

CREDITORS
Amounts falling due after more than one
year

7

234,615

267,371
NET ASSETS 150,747 388,571

CAPITAL AND RESERVES
Called up share capital 9 150 150
Retained earnings 150,597 388,421
SHAREHOLDERS' FUNDS 150,747 388,571

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

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

LANCASHIRE CROP CONSULTANCY LIMITED (REGISTERED NUMBER: 07727368)

Balance Sheet - continued
31 October 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 23 January 2025 and were signed on its behalf by:





Mr P Johns - Director


LANCASHIRE CROP CONSULTANCY LIMITED (REGISTERED NUMBER: 07727368)

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


1. STATUTORY INFORMATION

Lancashire Crop Consultancy 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.

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 - Straight line over 15 years
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Office equipment - 25% 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.

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.

LANCASHIRE CROP CONSULTANCY LIMITED (REGISTERED NUMBER: 07727368)

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


2. ACCOUNTING POLICIES - continued

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 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2023 527,459 7,358 16,982
Additions 668,134 - 3,586
Disposals (657,587 ) - -
At 31 October 2024 538,006 7,358 20,568
DEPRECIATION
At 1 November 2023 5,275 5,831 3,047
Charge for year 5,365 809 3,510
At 31 October 2024 10,640 6,640 6,557
NET BOOK VALUE
At 31 October 2024 527,366 718 14,011
At 31 October 2023 522,184 1,527 13,935

LANCASHIRE CROP CONSULTANCY LIMITED (REGISTERED NUMBER: 07727368)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 115,189 27,922 694,910
Additions 128,493 2,125 802,338
Disposals - - (657,587 )
At 31 October 2024 243,682 30,047 839,661
DEPRECIATION
At 1 November 2023 42,456 25,520 82,129
Charge for year 22,784 1,537 34,005
At 31 October 2024 65,240 27,057 116,134
NET BOOK VALUE
At 31 October 2024 178,442 2,990 723,527
At 31 October 2023 72,733 2,402 612,781

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 131,206 206,687
VAT 26,960 5,794
Prepayments and accrued income 80,463 71,662
238,629 284,143

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 51,945 51,720
Trade creditors 1,050,999 1,033,061
Amounts owed to participating interests 8,640 -
Tax 121,326 75,333
Social security and other taxes 2,605 1,749
Other creditors - 919
Shareholder loan account - 54,448
Directors' current accounts - 114,884
Accruals and deferred income 17,317 23,183
1,252,832 1,355,297

LANCASHIRE CROP CONSULTANCY LIMITED (REGISTERED NUMBER: 07727368)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 53,090 51,720
Bank loans - more than 2 years 181,525 215,651
234,615 267,371

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 286,560 319,091

The bank loans provided by HSBC are secured by a first legal charge over the properties at Scarisbrick Business Park and Seafire Way.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
50 Ordinary C £1 50 50
150 150

10. RELATED PARTY DISCLOSURES

Johns Farming Limited is a company related by virtue of directors in common. During the year, the company made sales to Johns Farming Limited of £393,613 (2023: £455,657) and purchases from Johns Farming Limited of £303,934 (2023: £379,055). As at 31 October 2024, the balance due from Johns Farming Limited was £30,603 (2023: £30,923 owed to Johns Farming Limited).

Lancashire Crop Consultancy Limited is a 100% subsidiary of PLJ Holdings Limited and hence a related party. During the year, the company paid dividends to PLJ Holdings Limited of £600,000. The balance owed to PLJ Holdings Limited as at 31 October 2024 was £8,640.