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REGISTERED NUMBER: 07389930 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST MARCH 2024

FOR

G R FARMS LIMITED

G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G R FARMS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST MARCH 2024







DIRECTOR: J G Roberts





SECRETARY: J G Roberts





REGISTERED OFFICE: High Street
Weaverham
Northwich
Cheshire
CW8 3HA





REGISTERED NUMBER: 07389930 (England and Wales)

G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

BALANCE SHEET
31ST MARCH 2024

31.3.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,487,864 1,450,502

CURRENT ASSETS
Stocks 94,560 256,240
Debtors 5 1,049,201 740,770
Cash at bank 15,594 76,116
1,159,355 1,073,126
CREDITORS
Amounts falling due within one year 6 793,854 774,058
NET CURRENT ASSETS 365,501 299,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,853,365

1,749,570

CREDITORS
Amounts falling due after more than
one year

7

(229,455

)

(202,516

)

PROVISIONS FOR LIABILITIES (96,003 ) (86,020 )
NET ASSETS 1,527,907 1,461,034

G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

BALANCE SHEET - continued
31ST MARCH 2024

31.3.24 30.9.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,527,707 1,460,834
1,527,907 1,461,034

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 17th February 2025 and were signed by:





J G Roberts - Director


G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST MARCH 2024


1. STATUTORY INFORMATION

G R Farms 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 - 5% on cost
Plant and machinery - 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.

G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
FINANCIAL ASSETS

Trade, group and other debtors

Trade, group and other debtors (including accrued income) which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.

A provision for impairment of trade debtors is established where there is objective evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss for the excess of the carrying value of the trade debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in profit or loss.

FINANCIAL LIABILITIES

Trade, group and other creditors

Trade, group and other creditors (including accruals) payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled.

Derecognition of financial assets and liabilities

A financial asset is only derecognised when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

TAXATION
Taxation for the period 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.

G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST 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 period 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 11 (2023 - 11 ) .

G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and Herd
property machinery account Totals
£    £    £    £   
COST
At 1st October 2023 275,427 1,046,208 804,919 2,126,554
Additions 2,530 96,347 6,225 105,102
Disposals - (2,390 ) - (2,390 )
At 31st March 2024 277,957 1,140,165 811,144 2,229,266
DEPRECIATION
At 1st October 2023 99,571 576,481 - 676,052
Charge for period 6,949 59,269 - 66,218
Eliminated on disposal - (868 ) - (868 )
At 31st March 2024 106,520 634,882 - 741,402
NET BOOK VALUE
At 31st March 2024 171,437 505,283 811,144 1,487,864
At 30th September 2023 175,856 469,727 804,919 1,450,502

5. DEBTORS
31.3.24 30.9.23
£    £   
Amounts falling due within one year:
Trade debtors 311,330 230,609
Other debtors 689,545 462,968
1,000,875 693,577

Amounts falling due after more than one year:
Other debtors 48,326 47,193

Aggregate amounts 1,049,201 740,770

G R FARMS LIMITED (REGISTERED NUMBER: 07389930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 30.9.23
£    £   
Hire purchase contracts 112,314 106,964
Trade creditors 381,636 329,420
Taxation and social security 151,497 151,712
Other creditors 148,407 185,962
793,854 774,058

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.3.24 30.9.23
£    £   
Hire purchase contracts 229,455 202,516

8. RELATED PARTY DISCLOSURES

J & J G Roberts (Directors partnership) owed GR Farms Limited £664,145 as at 31st March 2024