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REGISTERED NUMBER: 00532458 (England and Wales)






















Financial Statements

for the Year Ended 31 January 2025

for

Spridlington Manor Farm Limited

Spridlington Manor Farm Limited (Registered number: 00532458)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Spridlington Manor Farm Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: R O Collett
Mrs R Collett





REGISTERED OFFICE: Blackthorn Hollow
Owmby Road
Spridlington
Market Rasen
LN8 2DD





REGISTERED NUMBER: 00532458 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Spridlington Manor Farm 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 Spridlington Manor Farm Limited for the year ended 31 January 2025 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 Spridlington Manor Farm Limited, as a body, in accordance with the terms of our engagement letter dated 22 March 2004. Our work has been undertaken solely to prepare for your approval the financial statements of Spridlington Manor Farm Limited and state those matters that we have agreed to state to the Board of Directors of Spridlington Manor Farm 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 Spridlington Manor Farm Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Spridlington Manor Farm 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 Spridlington Manor Farm Limited. You consider that Spridlington Manor Farm 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 Spridlington Manor Farm 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


Date: .............................................

Spridlington Manor Farm Limited (Registered number: 00532458)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 948,697
Investments 5 - 3,968
- 952,665

CURRENT ASSETS
Stocks - 253,583
Debtors 6 474,985 91,398
Cash at bank 8,651,765 1,226,895
9,126,750 1,571,876
CREDITORS
Amounts falling due within one year 7 764,108 206,368
NET CURRENT ASSETS 8,362,642 1,365,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,362,642

2,318,173

CREDITORS
Amounts falling due after more than one
year

8

-

(15,000

)

PROVISIONS FOR LIABILITIES - (69,591 )
NET ASSETS 8,362,642 2,233,582

CAPITAL AND RESERVES
Called up share capital 10 8,642 8,642
Capital redemption reserve 2,700 2,700
Retained earnings 8,351,300 2,222,240
SHAREHOLDERS' FUNDS 8,362,642 2,233,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Spridlington Manor Farm Limited (Registered number: 00532458)

Balance Sheet - continued
31 January 2025


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 5 March 2025 and were signed on its behalf by:





R O Collett - Director


Spridlington Manor Farm Limited (Registered number: 00532458)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Spridlington Manor Farm 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.
Land & buildings - 20% on reducing balance, 10% on reducing balance and not provided
Drainage & irrigation - 20% on reducing balance and 10% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 33% on reducing balance
Office equipment - 20% on 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.

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Spridlington Manor Farm Limited (Registered number: 00532458)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to income as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Land & Drainage Plant and
buildings & irrigation machinery
£    £    £   
COST
At 1 February 2024 942,009 304,806 923,547
Disposals (942,009 ) (304,806 ) (923,547 )
At 31 January 2025 - - -
DEPRECIATION
At 1 February 2024 368,008 242,645 655,017
Charge for year 23,705 5,464 32,194
Eliminated on disposal (391,713 ) (248,109 ) (687,211 )
At 31 January 2025 - - -
NET BOOK VALUE
At 31 January 2025 - - -
At 31 January 2024 574,001 62,161 268,530

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 85,080 2,488 2,257,930
Disposals (85,080 ) (2,488 ) (2,257,930 )
At 31 January 2025 - - -
DEPRECIATION
At 1 February 2024 43,084 479 1,309,233
Charge for year 2,813 50 64,226
Eliminated on disposal (45,897 ) (529 ) (1,373,459 )
At 31 January 2025 - - -
NET BOOK VALUE
At 31 January 2025 - - -
At 31 January 2024 41,996 2,009 948,697

5. FIXED ASSET INVESTMENTS

Spridlington Manor Farm Limited (Registered number: 00532458)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025
Other
loans
£   
At 1 February 2024 3,968
Repayment in year (3,968 )
At 31 January 2025 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 43,821
Other debtors 474,985 47,577
474,985 91,398

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts - 15,000
Trade creditors - 51,005
Taxation and social security 762,875 131,989
Other creditors 1,233 8,374
764,108 206,368

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts - 15,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts - 30,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
8,522 Ordinary £1 8,522 8,522
120 5% Cumulative preference £1 120 120
8,642 8,642

The 5% Cumulative preference shares of £1 each confer a right to a dividend of 5% per annum and a capital preference in winding-up.