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REGISTERED NUMBER: 08669573 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

FARRANT FARMING LIMITED

FARRANT FARMING LIMITED (REGISTERED NUMBER: 08669573)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FARRANT FARMING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: H A Farrant
G N S Farrant





REGISTERED OFFICE: Manor Farm
Drayton St. Leonard
Wallingford
Oxfordshire
OX10 7BE





REGISTERED NUMBER: 08669573 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

FARRANT FARMING LIMITED (REGISTERED NUMBER: 08669573)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 30,822 35,679
30,822 35,679

CURRENT ASSETS
Stocks 254,559 325,954
Debtors 6 107,170 79,237
Cash at bank 347,869 257,045
709,598 662,236
CREDITORS
Amounts falling due within one year 7 156,332 133,472
NET CURRENT ASSETS 553,266 528,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

584,088

564,443

CREDITORS
Amounts falling due after more than one
year

8

(150,000

)

(140,000

)

PROVISIONS FOR LIABILITIES (7,706 ) (8,920 )
NET ASSETS 426,382 415,523

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 426,282 415,423
SHAREHOLDERS' FUNDS 426,382 415,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

FARRANT FARMING LIMITED (REGISTERED NUMBER: 08669573)

BALANCE SHEET - continued
30TH 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 16th December 2024 and were signed on its behalf by:




H A Farrant - Director



G N S Farrant - Director


FARRANT FARMING LIMITED (REGISTERED NUMBER: 08669573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Farrant 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.

Turnover
Turnover represent amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers

Amortisation
Amortisation is provided non intangible fixed assets so as to write off the cost, less and estimated residual value, over their expected useful economic life as follows:

Entitlement - 3 years straight line (now fully amortised)
Website - 5 years straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Tenants improvements - 20% reducing balance
Plant and machinery - 25% reducing balance
Computer equipment - 33% reducing balance

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.

FARRANT FARMING LIMITED (REGISTERED NUMBER: 08669573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1st October 2023
and 30th September 2024 56,583
AMORTISATION
At 1st October 2023
and 30th September 2024 56,583
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

5. TANGIBLE FIXED ASSETS
Tenants Plant and Computer
improvements machinery equipment Totals
£    £    £    £   
COST
At 1st October 2023 69,737 116,170 1,251 187,158
Additions - 4,590 - 4,590
At 30th September 2024 69,737 120,760 1,251 191,748
DEPRECIATION
At 1st October 2023 69,737 81,088 654 151,479
Charge for year - 9,248 199 9,447
At 30th September 2024 69,737 90,336 853 160,926
NET BOOK VALUE
At 30th September 2024 - 30,424 398 30,822
At 30th September 2023 - 35,082 597 35,679

FARRANT FARMING LIMITED (REGISTERED NUMBER: 08669573)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,847 23,617
Other debtors 18,407 17,248
Loan 15,000 15,000
VAT 19,737 13,737
Prepayments and accrued income 18,179 9,635
107,170 79,237

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 55,528 28,105
Tax 3,484 10,139
S J Farrant & Son Limited 775 -
Accruals and deferred income 96,545 95,228
156,332 133,472

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 100,000 90,000
Directors' loan accounts 50,000 50,000
150,000 140,000