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REGISTERED NUMBER: 01311265 (England and Wales)















R.B. BATTY (BLACKHORSE FARM) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






R.B. BATTY (BLACKHORSE FARM) LIMITED (REGISTERED NUMBER: 01311265)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


R.B. BATTY (BLACKHORSE FARM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: A F Baugh
K L Baugh





SECRETARY: K L Baugh





REGISTERED OFFICE: Holme Farm
Norwell Road
Caunton
Newark
Nottinghamshire
NG23 6AQ





REGISTERED NUMBER: 01311265 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

R.B. BATTY (BLACKHORSE FARM) LIMITED (REGISTERED NUMBER: 01311265)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,238 9,357
Property, plant and equipment 5 2,892,378 2,854,015
Investments 6 608 608
2,899,224 2,863,980

CURRENT ASSETS
Inventories 106,917 120,741
Debtors 7 133,224 101,589
Cash at bank 1,009 33,640
241,150 255,970
CREDITORS
Amounts falling due within one year 8 85,520 81,609
NET CURRENT ASSETS 155,630 174,361
TOTAL ASSETS LESS CURRENT LIABILITIES 3,054,854 3,038,341

CREDITORS
Amounts falling due after more than one year 9 (11,850 ) (19,181 )

PROVISIONS FOR LIABILITIES (34,088 ) (29,209 )
NET ASSETS 3,008,916 2,989,951

CAPITAL AND RESERVES
Called up share capital 11 10,002 10,002
Share premium 16,550 16,550
Retained earnings 2,982,364 2,963,399
SHAREHOLDERS' FUNDS 3,008,916 2,989,951

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

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

R.B. BATTY (BLACKHORSE FARM) LIMITED (REGISTERED NUMBER: 01311265)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 12 February 2025 and were signed on its behalf by:





A F Baugh - Director


R.B. BATTY (BLACKHORSE FARM) LIMITED (REGISTERED NUMBER: 01311265)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

R.b. Batty (Blackhorse 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.

Revenue
Revenue represents net invoiced sales of produce and livestock, excluding value added tax. Sales of produce are recognised upon despatch. Revenue from livestock is recognised on the day of sale.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost, 3% on cost and not provided
Plant and machinery etc - 25% on reducing balance, 20% on cost, 20% on reducing balance, 15% on reducing balance and 5% on cost

No depreciation is charged in the accounts for land.


Inventories
Inventories represents the farm valuation which has been prepared by the director at the lower of cost and fair value less costs to complete and sell.

The dairy herd is held at fair value.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Basic payment
The basic payment is recognised in the financial statements in accordance with current H. M. Revenue & Customs guidance.

R.B. BATTY (BLACKHORSE FARM) LIMITED (REGISTERED NUMBER: 01311265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1 August 2023 43,885
Disposals (28,290 )
At 31 July 2024 15,595
AMORTISATION
At 1 August 2023 34,528
Amortisation for year 3,119
Eliminated on disposal (28,290 )
At 31 July 2024 9,357
NET BOOK VALUE
At 31 July 2024 6,238
At 31 July 2023 9,357

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 2,989,495 432,264 3,421,759
Additions - 105,387 105,387
Disposals - (28,022 ) (28,022 )
At 31 July 2024 2,989,495 509,629 3,499,124
DEPRECIATION
At 1 August 2023 296,777 270,967 567,744
Charge for year 19,765 43,795 63,560
Eliminated on disposal - (24,558 ) (24,558 )
At 31 July 2024 316,542 290,204 606,746
NET BOOK VALUE
At 31 July 2024 2,672,953 219,425 2,892,378
At 31 July 2023 2,692,718 161,297 2,854,015

R.B. BATTY (BLACKHORSE FARM) LIMITED (REGISTERED NUMBER: 01311265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 608
NET BOOK VALUE
At 31 July 2024 608
At 31 July 2023 608

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 130,106 99,983
VAT 2,698 1,606
Prepayments 420 -
133,224 101,589

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 2,005 10,863
Corporation tax 2,619 2,422
Other creditors 8,657 8,646
Directors' current accounts 42,121 44,948
Accrued expenses 20,118 4,730
85,520 81,609

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans due in 1 to 2 years 9,167 10,000
Bank loans - 2-5 years - 9,181
Hire purchase contracts 2,683 -
11,850 19,181

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 4,688 10,863

Hire purchase contracts are secured on the asset to which they relate.

R.B. BATTY (BLACKHORSE FARM) LIMITED (REGISTERED NUMBER: 01311265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,002 Ordinary £1 5,002 5,002
5,000 Restricted £1 5,000 5,000
10,002 10,002

Of the 10,002 ordinary shares of £1 each in issue, 5000 have restricted rights.