Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01falseNo description of principal activity1212truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00614555 2023-07-01 2024-06-30 00614555 2022-07-01 2023-06-30 00614555 2024-06-30 00614555 2023-06-30 00614555 c:Director1 2023-07-01 2024-06-30 00614555 d:Buildings 2023-07-01 2024-06-30 00614555 d:Buildings 2024-06-30 00614555 d:Buildings 2023-06-30 00614555 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00614555 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 00614555 d:Buildings d:LongLeaseholdAssets 2024-06-30 00614555 d:Buildings d:LongLeaseholdAssets 2023-06-30 00614555 d:PlantMachinery 2023-07-01 2024-06-30 00614555 d:PlantMachinery 2024-06-30 00614555 d:PlantMachinery 2023-06-30 00614555 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00614555 d:MotorVehicles 2023-07-01 2024-06-30 00614555 d:ComputerEquipment 2023-07-01 2024-06-30 00614555 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 00614555 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00614555 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 00614555 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 00614555 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 00614555 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-07-01 2024-06-30 00614555 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 00614555 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-30 00614555 d:CurrentFinancialInstruments 2024-06-30 00614555 d:CurrentFinancialInstruments 2023-06-30 00614555 d:Non-currentFinancialInstruments 2024-06-30 00614555 d:Non-currentFinancialInstruments 2023-06-30 00614555 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 00614555 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 00614555 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 00614555 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 00614555 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 00614555 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 00614555 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 00614555 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 00614555 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 00614555 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 00614555 d:ShareCapital 2024-06-30 00614555 d:ShareCapital 2023-06-30 00614555 d:RetainedEarningsAccumulatedLosses 2024-06-30 00614555 d:RetainedEarningsAccumulatedLosses 2023-06-30 00614555 c:OrdinaryShareClass1 2023-07-01 2024-06-30 00614555 c:OrdinaryShareClass1 2024-06-30 00614555 c:OrdinaryShareClass1 2023-06-30 00614555 c:OrdinaryShareClass2 2023-07-01 2024-06-30 00614555 c:OrdinaryShareClass2 2024-06-30 00614555 c:OrdinaryShareClass2 2023-06-30 00614555 c:FRS102 2023-07-01 2024-06-30 00614555 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 00614555 c:FullAccounts 2023-07-01 2024-06-30 00614555 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00614555 d:HirePurchaseContracts d:WithinOneYear 2024-06-30 00614555 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 00614555 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-06-30 00614555 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 00614555 2 2023-07-01 2024-06-30 00614555 6 2023-07-01 2024-06-30 00614555 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 00614555 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 00614555 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 00614555 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 00614555 d:OtherDeferredTax 2024-06-30 00614555 d:OtherDeferredTax 2023-06-30 00614555 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-06-30 00614555 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-30 00614555 d:LeasedAssetsHeldAsLessee 2024-06-30 00614555 d:LeasedAssetsHeldAsLessee 2023-06-30 00614555 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number:00614555













ORMAN (CARROLLS FARM) LIMITED


UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
ORMAN (CARROLLS FARM) LIMITED
REGISTERED NUMBER:00614555

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
2,699,756
2,743,194

Investments
 6 
182,921
194,766

  
2,882,677
2,937,960

Current assets
  

Stocks
  
421,116
612,739

Debtors: amounts falling due within one year
 7 
972,253
1,501,393

Cash at bank and in hand
 8 
1,657,158
1,290,559

  
3,050,527
3,404,691

Creditors: amounts falling due within one year
 9 
(663,982)
(967,534)

Net current assets
  
 
 
2,386,545
 
 
2,437,157

Total assets less current liabilities
  
5,269,222
5,375,117

Creditors: amounts falling due after more than one year
 10 
(420,000)
(485,116)

Provisions for liabilities
  

Deferred tax
 13 
(188,807)
(173,025)

  
 
 
(188,807)
 
 
(173,025)

Net assets
  
4,660,415
4,716,976


Capital and reserves
  

Called up share capital 
 14 
351,000
376,000

Profit and loss account
  
4,309,415
4,340,976

  
4,660,415
4,716,976


Page 1

 
ORMAN (CARROLLS FARM) LIMITED
REGISTERED NUMBER:00614555
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
O C Brun
Director

Date: 18 February 2025

Page 2

 
ORMAN (CARROLLS FARM) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Orman (Carrolls Farm) Limited is registered in England and Wales, registration number 00614555. The registered office is Leicester House Farm, Great Massingham, Kings Lynn, Norfolk, PE32 2HB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ORMAN (CARROLLS FARM) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

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

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
ORMAN (CARROLLS FARM) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
ORMAN (CARROLLS FARM) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)



Depreciation is provided on the following basis:

Freehold property
-
no depreciation
Leasehold property improvements
-
10% straight line
Plant & machinery
-
10%, 15% & 20% reducing balance
Harvesters
-
20% reducing balance
Vehicles & tractors
-
25% reducing balance
Computer equipment
-
33% straight line

 
2.11

Valuation of investments

In accounting for its interest in trading partnerships the company has taken advantage of Regulation 7 of the Partnerships and Unlimited Companies (Accounts) Regulations 1993. The results of the trading partnerships have been consolidated into the accounts of the company using the equity method of accounting.

 
2.12

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.  
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
ORMAN (CARROLLS FARM) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 12).


4.


Intangible assets




BPS entitlements
Irrigation licence
Total

£
£
£



Cost


At 1 July 2023
135,059
150,000
285,059


Disposals
(135,059)
-
(135,059)



At 30 June 2024

-
150,000
150,000



Amortisation


At 1 July 2023
135,059
150,000
285,059


On disposals
(135,059)
-
(135,059)



At 30 June 2024

-
150,000
150,000



Net book value



At 30 June 2024
-
-
-



At 30 June 2023
-
-
-



Page 7

 
ORMAN (CARROLLS FARM) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Freehold property
Leasehold property improvements
Plant & machinery
Total

£
£
£
£



Cost or valuation


At 1 July 2023
1,984,136
169,298
1,995,020
4,148,454


Additions
-
-
156,205
156,205


Disposals
-
-
(92,012)
(92,012)



At 30 June 2024

1,984,136
169,298
2,059,213
4,212,647



Depreciation


At 1 July 2023
-
158,968
1,246,292
1,405,260


Charge for the year on owned assets
-
1,708
187,130
188,838


Disposals
-
-
(81,207)
(81,207)



At 30 June 2024

-
160,676
1,352,215
1,512,891



Net book value



At 30 June 2024
1,984,136
8,622
706,998
2,699,756



At 30 June 2023
1,984,136
10,330
748,728
2,743,194

Page 8

 
ORMAN (CARROLLS FARM) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

           5.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
161,707
135,925

161,707
135,925


6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 July 2023
194,766


Additions
43,155


Disposals
(55,000)



At 30 June 2024
182,921





7.


Debtors

2024
2023
£
£


Trade debtors
403,874
619,051

Other debtors
565,820
879,999

Prepayments and accrued income
2,559
2,343

972,253
1,501,393



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,657,158
1,290,559

1,657,158
1,290,559


Page 9

 
ORMAN (CARROLLS FARM) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
28,000
28,000

Trade creditors
413,506
739,145

Corporation tax
4,787
-

Other taxation and social security
-
14,515

Obligations under finance lease and hire purchase contracts
78,315
44,466

Accruals and deferred income
139,374
141,408

663,982
967,534



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
420,000
448,000

Net obligations under finance leases and hire purchase contracts
-
37,116

420,000
485,116


Page 10

 
ORMAN (CARROLLS FARM) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
28,000
28,000


28,000
28,000

Amounts falling due 1-2 years

Other loans
28,000
28,000


28,000
28,000

Amounts falling due 2-5 years

Other loans
84,000
84,000


84,000
84,000

Amounts falling due after more than 5 years

Other loans
308,000
336,000

308,000
336,000

448,000
476,000



12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
78,314
44,466

Between 1-5 years
-
37,116

78,314
81,582

Page 11

 
ORMAN (CARROLLS FARM) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

13.


Deferred taxation




2024


£






At beginning of year
(173,025)


Charged to profit or loss
(15,782)



At end of year
(188,807)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(179,428)
(190,287)

Tax losses carried forward
-
125

Short term timing differences
(9,379)
17,137

(188,807)
(173,025)


14.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000
350,000 (2023 - 375,000) Redeemable preference shares of £1.00 each
350,000
375,000

351,000

376,000



15.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £42,473 (2023: £42,090).

Page 12

 
ORMAN (CARROLLS FARM) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

16.


Related party transactions

At the year end the director was owed £Nil (2023: £Nil) which is repayable on demand.
The company has lent money to Tythe Farm Limited, a company in which the sons of the director are directors. At the year end, the loan stood at £550,000 (2023: £850,000).
The company has borrowed money from C J C Brun, the son of the director.  At the year end, the company owed C J C Brun £448,000 (2023: £476,000).


Page 13