Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Ann Gorwyn 01/04/2010 Jesse Lambert Gorwyn 23/06/2014 Robert Lambert Gorwyn 01/04/2010 Hannah Elizabeth Lockyer 23/06/2014 17 March 2025 The principal activity of the Company during the financial year was agriculture. 07210907 2024-06-30 07210907 bus:Director1 2024-06-30 07210907 bus:Director2 2024-06-30 07210907 bus:Director3 2024-06-30 07210907 bus:Director4 2024-06-30 07210907 2023-06-30 07210907 core:CurrentFinancialInstruments 2024-06-30 07210907 core:CurrentFinancialInstruments 2023-06-30 07210907 core:Non-currentFinancialInstruments 2024-06-30 07210907 core:Non-currentFinancialInstruments 2023-06-30 07210907 core:ShareCapital 2024-06-30 07210907 core:ShareCapital 2023-06-30 07210907 core:RevaluationReserve 2024-06-30 07210907 core:RevaluationReserve 2023-06-30 07210907 core:OtherCapitalReserve 2024-06-30 07210907 core:OtherCapitalReserve 2023-06-30 07210907 core:RetainedEarningsAccumulatedLosses 2024-06-30 07210907 core:RetainedEarningsAccumulatedLosses 2023-06-30 07210907 core:LandBuildings 2023-06-30 07210907 core:OtherPropertyPlantEquipment 2023-06-30 07210907 core:LandBuildings 2024-06-30 07210907 core:OtherPropertyPlantEquipment 2024-06-30 07210907 bus:OrdinaryShareClass1 2024-06-30 07210907 2023-07-01 2024-06-30 07210907 bus:AbridgedAccounts 2023-07-01 2024-06-30 07210907 bus:SmallEntities 2023-07-01 2024-06-30 07210907 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07210907 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07210907 bus:Director1 2023-07-01 2024-06-30 07210907 bus:Director2 2023-07-01 2024-06-30 07210907 bus:Director3 2023-07-01 2024-06-30 07210907 bus:Director4 2023-07-01 2024-06-30 07210907 core:LandBuildings core:TopRangeValue 2023-07-01 2024-06-30 07210907 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 07210907 core:OtherPropertyPlantEquipment core:BottomRangeValue 2023-07-01 2024-06-30 07210907 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-07-01 2024-06-30 07210907 2022-07-01 2023-06-30 07210907 core:LandBuildings 2023-07-01 2024-06-30 07210907 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 07210907 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07210907 (England and Wales)

BUTTONS FARM LTD

Abridged Unaudited Financial Statements
For the financial year ended 30 June 2024

BUTTONS FARM LTD

Abridged Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

BUTTONS FARM LTD

COMPANY INFORMATION

For the financial year ended 30 June 2024
BUTTONS FARM LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTORS Ann Gorwyn
Jesse Lambert Gorwyn
Robert Lambert Gorwyn
Hannah Elizabeth Lockyer
SECRETARY Ann Gorwyn
REGISTERED OFFICE Buttons Farm Meres Lane
Cross-In-Hand
Heathfield
TN21 0TY
United Kingdom
COMPANY NUMBER 07210907 (England and Wales)
ACCOUNTANT Synergee
Pluto House
6 Vale Avenue
Tunbridge Wells
TN1 1DJ
BUTTONS FARM LTD

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
BUTTONS FARM LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 30.06.2024 30.06.2023
£ £
Fixed assets
Tangible assets 3 3,344,736 3,475,414
3,344,736 3,475,414
Current assets
Stocks 39,000 38,000
Debtors 64,777 80,986
Cash at bank and in hand 385,179 209,172
488,956 328,158
Creditors: amounts falling due within one year ( 254,706) ( 220,372)
Net current assets 234,250 107,786
Total assets less current liabilities 3,578,986 3,583,200
Creditors: amounts falling due after more than one year ( 5,760) ( 5,920)
Net assets 3,573,226 3,577,280
Capital and reserves
Called-up share capital 4 1,000 1,000
Revaluation reserve 600,242 600,242
Other reserves 207,360 207,360
Profit and loss account 2,764,624 2,768,678
Total shareholder's funds 3,573,226 3,577,280

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Buttons Farm Ltd (registered number: 07210907) were approved and authorised for issue by the Board of Directors on 17 March 2025. They were signed on its behalf by:

Ann Gorwyn
Director
BUTTONS FARM LTD

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
BUTTONS FARM LTD

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Buttons Farm Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Buttons Farm Meres Lane, Cross-In-Hand, Heathfield, TN21 0TY, United Kingdom.

The financial statements have been prepared under the historical cost convention as by the revaluation of certain assets.
These financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised to the extent it is probable that economic benefit will flow to the company, and that it can be reliably measured.
Turnover s measured at the fair value of consideration received or receivable, net of discounts, rebates, VAT and other sales taxes.

Turnover from the sale of goods is recognised when the following conditions are satisfied:
- the significant risks and rewards of ownership are transferred to the customer;
- the company does not retain managerial involvement, nor control over the goods sold;
- the amount of turnover can be reliably measured;
- the right to consideration due for the transaction is probable; and
- the costs incurred, or to be incurred, can be reliably measured.

Turnover is recognised upon dispatch or collection of the goods by the customer.

Monies received in respect of advanced orders are treated as deposits until the criteria for recognition as turnover is met.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation


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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition , intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Entitlements are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets are held under the cost model, and are stated at their historical cost less accumulated depreciation and impairment losses.
Cost includes directly attributable expenditure in bringing the asset into the location and condition necessary for operation.

The assets' residual values; useful lives and depreciation methods are reviewed periodically and prospectively adjusted where appropriate; or where there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount, and are recognised in the statement of income and retained earnings.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings not depreciated
50 years straight line
Plant and machinery etc. 15 - 25 % reducing balance
3 - 50 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the cost of purchase of finished goods for resale.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to the estimated realisable value, and the impairment is immediately recognised in the statement of income and retained earnings.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors; loans from banks and other third parties; loans to related parties and investments in non-puttable ordinary shares.

Debt instruments, other than those wholly payable or receivable within one year, including loans and other accounts receivable and payable are initially measured at the present value of future cash flows, and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured at the undiscounted amount of consideration expected to be paid or received. If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not at a market rate, the financial asset or liability is initially measured at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument, and subsequently measured at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment, and such impairments is recognised in total comprehensive income.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight line basis over the term of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by hire purchase are depreciated over the useful economic life. Assets acquired by finance lease are depreciated over the term of the lease, or useful economic life if shorter.

Finance leases are those where substantially all of the risks and benefits of ownership are assumed by the company. Obligations under such agreements are included in creditors, net of finance charges allocated to future periods. The finance element of the rental payment is charged to the statement of income and retained earnings so as to produce a constant, periodic rate of charge on the net obligation outstanding in each period.

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.

2. Employees

30.06.2024 30.06.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 July 2023 1,943,919 1,683,514 3,627,433
Additions 0 17,547 17,547
Disposals ( 131,140) 0 ( 131,140)
At 30 June 2024 1,812,779 1,701,061 3,513,840
Accumulated depreciation
At 01 July 2023 18,303 133,716 152,019
Charge for the financial year 3,017 14,068 17,085
At 30 June 2024 21,320 147,784 169,104
Net book value
At 30 June 2024 1,791,459 1,553,277 3,344,736
At 30 June 2023 1,925,616 1,549,798 3,475,414

4. Called-up share capital

30.06.2024 30.06.2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000