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REGISTERED NUMBER: 02965750 (England and Wales)















STOCKTON COURT FARMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






STOCKTON COURT FARMS LIMITED (REGISTERED NUMBER: 02965750)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


STOCKTON COURT FARMS LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTOR: I R Ibbotson





SECRETARY: I R Ibbotson





REGISTERED OFFICE: Benover Road
Yalding
Maidstone
Kent
ME18 6ET





REGISTERED NUMBER: 02965750 (England and Wales)





ACCOUNTANTS: Redpoll Enterprises Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Kent
TN11 9BH

STOCKTON COURT FARMS LIMITED (REGISTERED NUMBER: 02965750)

ABRIDGED BALANCE SHEET
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,251,441 4,434,837
Biological assets 5 214,549 226,927
4,465,990 4,661,764

CURRENT ASSETS
Stocks 34,779 16,880
Debtors 40,605 192,831
Cash at bank 795 495
76,179 210,206
CREDITORS
Amounts falling due within one year 3,179,095 2,716,156
NET CURRENT LIABILITIES (3,102,916 ) (2,505,950 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,363,074

2,155,814

CREDITORS
Amounts falling due after more than one year 6 1,070,060 1,869,341
NET ASSETS 293,014 286,473

CAPITAL AND RESERVES
Called up share capital 570,130 570,130
Capital redemption reserve 185,000 185,000
Retained earnings (462,116 ) (468,657 )
SHAREHOLDERS' FUNDS 293,014 286,473

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

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

STOCKTON COURT FARMS LIMITED (REGISTERED NUMBER: 02965750)

ABRIDGED BALANCE SHEET - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 March 2025 and were signed by:





I R Ibbotson - Director


STOCKTON COURT FARMS LIMITED (REGISTERED NUMBER: 02965750)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024


1. STATUTORY INFORMATION

Stockton Court 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue from the sales of goods is recognised when significant risks and rewards of ownership of the goods have passed from the buyer (on dispatch of the goods or sales agreement), the amount of revenue can be measured reliably, it is probable that economic benefits associated with the transaction will flow to the entity and the costs incurred in respect of the transaction can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on cost and 2% on cost
Plant and machinery - 20% on cost, 5% on cost, 4% on cost and Straight line over 15 years
Motor vehicles - Straight line over 10 years

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.


STOCKTON COURT FARMS LIMITED (REGISTERED NUMBER: 02965750)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Biological assets
Biological assets are recognised only when three recognition criteria have been fulfilled:
- the entity has control over the asset as a result of past events;
- it is probable that future economic benefits associated with the asset will flow to the entity; and
- the fair value or cost of the asset can be measured reliably.

The company measures biological assets at cost less accumulated depreciation.

In respect of agricultural produce harvested from a biological asset, this is measured at the point of harvest at the lower of cost and estimated selling price less costs to complete and sell.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives of 20 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

STOCKTON COURT FARMS LIMITED (REGISTERED NUMBER: 02965750)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 5,425,556
Additions 29,950
Disposals (40,958 )
At 31 December 2024 5,414,548
DEPRECIATION
At 1 January 2024 990,719
Charge for year 185,652
Eliminated on disposal (13,264 )
At 31 December 2024 1,163,107
NET BOOK VALUE
At 31 December 2024 4,251,441
At 31 December 2023 4,434,837

5. BIOLOGICAL ASSETS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2024 303,602
Additions 2,950
At 31 December 2024 306,552
PROVISIONS
At 1 January 2024 76,675
Charge for year 15,328
At 31 December 2024 92,003
NET BOOK VALUE
At 31 December 2024 214,549
At 31 December 2023 226,927

STOCKTON COURT FARMS LIMITED (REGISTERED NUMBER: 02965750)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31/12/24 31/12/23
£    £   
Repayable by instalments
Other loans more 5yrs instal 868,541 1,191,973

7. SECURED DEBTS

The Agricultural Mortgage Company PLC have a fixed charge over the freehold property known as Stockton Court Farm, Stockton-on-Teme.

8. RELATED PARTY DISCLOSURES

Mr Ibbotson, the director, was owed £2,000 by the company (2023: £3,230). Stockton Court Farms Limited does
not disclose transactions with wholly-owned group companies, as permitted by paragraph 35 of appendix C to
FRS102 section 1A.

9. ULTIMATE CONTROLLING PARTY

The controlling party is I R Ibbotson.

The ultimate parent company is IRI Investments Limited, a company registered in England & Wales. IRI Investments Limited prepare consolidated accounts which can be obtained from Benover Road, Yalding, Kent, ME18 6ET.