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REGISTERED NUMBER: 04363344 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Gransden CFC Limited

Gransden CFC Limited (Registered number: 04363344)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Gransden CFC Limited (Registered number: 04363344)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 674,388 253,476
Investments 5 50 50
674,438 253,526

CURRENT ASSETS
Stocks 2,142 3,500
Debtors 6 17,802 89,883
Cash at bank 3,150 2,832
23,094 96,215
CREDITORS
Amounts falling due within one year 7 109,567 86,787
NET CURRENT (LIABILITIES)/ASSETS (86,473 ) 9,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

587,965

262,954

CREDITORS
Amounts falling due after more than one
year

8

(263,314

)

-

PROVISIONS FOR LIABILITIES (66,636 ) (51,238 )
NET ASSETS 258,015 211,716

CAPITAL AND RESERVES
Called up share 9 60 60
Retained earnings 257,955 211,656
SHAREHOLDERS' FUNDS 258,015 211,716

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

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

Gransden CFC Limited (Registered number: 04363344)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





M Barlow - Director


Gransden CFC Limited (Registered number: 04363344)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Gransden CFC Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04363344

Registered office: Model Farm
Little Gransden
Sandy
Bedfordshire
SG19 3EA

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.

The turnover and profit before taxation are attributable to the one principal activity of the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Tractors & combines - 15% 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.

Gransden CFC Limited (Registered number: 04363344)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

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

Gransden CFC Limited (Registered number: 04363344)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Tractors
machinery & combines Totals
£    £    £   
COST
At 1 July 2023 699,766 510,874 1,210,640
Additions 172,272 407,000 579,272
Disposals (138,170 ) (291,500 ) (429,670 )
At 30 June 2024 733,868 626,374 1,360,242
DEPRECIATION
At 1 July 2023 562,895 394,269 957,164
Charge for year 36,288 57,308 93,596
Eliminated on disposal (129,535 ) (235,371 ) (364,906 )
At 30 June 2024 469,648 216,206 685,854
NET BOOK VALUE
At 30 June 2024 264,220 410,168 674,388
At 30 June 2023 136,871 116,605 253,476

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Tractors
machinery & combines Totals
£    £    £   
COST
At 1 July 2023 22,750 - 22,750
Additions 145,055 407,000 552,055
Transfer to ownership (22,750 ) - (22,750 )
At 30 June 2024 145,055 407,000 552,055
DEPRECIATION
At 1 July 2023 7,273 - 7,273
Charge for year 4,835 45,704 50,539
Transfer to ownership (7,273 ) - (7,273 )
At 30 June 2024 4,835 45,704 50,539
NET BOOK VALUE
At 30 June 2024 140,220 361,296 501,516
At 30 June 2023 15,477 - 15,477

Gransden CFC Limited (Registered number: 04363344)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 50
NET BOOK VALUE
At 30 June 2024 50
At 30 June 2023 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,015 70,333
Other debtors 16,787 19,550
17,802 89,883

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 83,582 -
Trade creditors 9,252 44,235
Taxation and social security 4,137 21
Other creditors 12,596 42,531
109,567 86,787

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 263,314 -

9. CALLED UP SHARE

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
60 Ordinary £1 60 60