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REGISTERED NUMBER: 00778863 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH SEPTEMBER 2024

FOR

C E W SAUNDERS (ODIHAM) LIMITED

C E W SAUNDERS (ODIHAM) LIMITED (REGISTERED NUMBER: 00778863)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C E W SAUNDERS (ODIHAM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH SEPTEMBER 2024







DIRECTORS: R R W Saunders
Mrs A L Saunders



SECRETARY: Mrs M K Saunders



REGISTERED OFFICE: Newlands Farm
Long Lane
Odiham
Hampshire
RG29 1JD



REGISTERED NUMBER: 00778863 (England and Wales)



ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: Lloyds Bank Plc
75 Castle Street
Farnham
Surrey
GU9 7LT

C E W SAUNDERS (ODIHAM) LIMITED (REGISTERED NUMBER: 00778863)

BALANCE SHEET
29TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,404,847 8,259,219
Investments 5 83 83
8,404,930 8,259,302

CURRENT ASSETS
Stocks 6 486,350 395,999
Debtors 7 207,669 149,265
Cash at bank 301,550 561,756
995,569 1,107,020
CREDITORS
Amounts falling due within one year 8 4,632,991 5,010,438
NET CURRENT LIABILITIES (3,637,422 ) (3,903,418 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,767,508

4,355,884

PROVISIONS FOR LIABILITIES 61,714 34,045
NET ASSETS 4,705,794 4,321,839

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Capital redemption reserve 79,616 79,616
Retained earnings 4,623,178 4,239,223
SHAREHOLDERS' FUNDS 4,705,794 4,321,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th September 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.

C E W SAUNDERS (ODIHAM) LIMITED (REGISTERED NUMBER: 00778863)

BALANCE SHEET - continued
29TH SEPTEMBER 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 10th February 2025 and were signed on its behalf by:





R R W Saunders - Director


C E W SAUNDERS (ODIHAM) LIMITED (REGISTERED NUMBER: 00778863)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH SEPTEMBER 2024


1. STATUTORY INFORMATION

C E W Saunders (Odiham) 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 - nil
Plant and machinery - 15% on cost
Tractors and combines - 20% on cost

No depreciation is provided on freehold property. It is the company's practice to maintain this asset in a continual state of sound repair and accordingly the directors consider that the residual value will always be equal to or greater than its 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.

C E W SAUNDERS (ODIHAM) LIMITED (REGISTERED NUMBER: 00778863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Tractors
Freehold Plant and and
property machinery combines Totals
£    £    £    £   
COST
At 30th September 2023 8,143,328 751,631 406,120 9,301,079
Additions - 38,465 145,000 183,465
Disposals - - (102,000 ) (102,000 )
At 29th September 2024 8,143,328 790,096 449,120 9,382,544
DEPRECIATION
At 30th September 2023 - 635,740 406,120 1,041,860
Charge for year - 25,754 12,083 37,837
Eliminated on disposal - - (102,000 ) (102,000 )
At 29th September 2024 - 661,494 316,203 977,697
NET BOOK VALUE
At 29th September 2024 8,143,328 128,602 132,917 8,404,847
At 29th September 2023 8,143,328 115,891 - 8,259,219

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 30th September 2023
and 29th September 2024 83
NET BOOK VALUE
At 29th September 2024 83
At 29th September 2023 83

6. STOCKS
2024 2023
£    £   
Crops in store 364,136 284,950
Growing crops, tillages and goods in store 118,966 106,979
Other stocks 3,248 4,070
486,350 395,999

C E W SAUNDERS (ODIHAM) LIMITED (REGISTERED NUMBER: 00778863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH SEPTEMBER 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 104,382 49,329
Other debtors 103,287 99,936
207,669 149,265

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 4,026
Trade creditors 41,542 17,016
Taxation and social security 99,792 87,126
Other creditors 4,491,657 4,902,270
4,632,991 5,010,438