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REGISTERED NUMBER: 01340287 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

F & D Farms Limited

F & D Farms Limited (Registered number: 01340287)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F & D Farms Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs P J A Deans
Mr M J A Gurnett





REGISTERED OFFICE: Baker's Lodge
3 High Street
Stock
Nr. Ingatestone
Essex
CM4 9BD





REGISTERED NUMBER: 01340287 (England and Wales)

F & D Farms Limited (Registered number: 01340287)

Balance Sheet
30 June 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,009 2,679
Investments 6 2,739 2,989
Investment property 7 618,086 567,644
622,834 573,312

CURRENT ASSETS
Debtors 8 304 35
Cash at bank 82,845 388,460
83,149 388,495
CREDITORS
Amounts falling due within one year 9 12,376 265,713
NET CURRENT ASSETS 70,773 122,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

693,607

696,094

PROVISIONS FOR LIABILITIES 142,543 130,100
NET ASSETS 551,064 565,994

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 426,120 388,289
Retained earnings 124,844 177,605
SHAREHOLDERS' FUNDS 551,064 565,994

F & D Farms Limited (Registered number: 01340287)

Balance Sheet - continued
30 June 2024


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.

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 10 March 2025 and were signed on its behalf by:




Mrs P J A Deans - Director



Mr M J A Gurnett - Director


F & D Farms Limited (Registered number: 01340287)

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


1. STATUTORY INFORMATION

F & D 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.

F & D Farms Limited (Registered number: 01340287)

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


3. 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.

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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 6,106
DEPRECIATION
At 1 July 2023 3,427
Charge for year 670
At 30 June 2024 4,097
NET BOOK VALUE
At 30 June 2024 2,009
At 30 June 2023 2,679

F & D Farms Limited (Registered number: 01340287)

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


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023 2,989
Disposals (99 )
Revaluations (151 )
At 30 June 2024 2,739
NET BOOK VALUE
At 30 June 2024 2,739
At 30 June 2023 2,989

Cost or valuation at 30 June 2024 is represented by:

Other
investments
£   
Valuation in 2018 2,045
Valuation in 2019 863
Valuation in 2020 1,471
Valuation in 2021 5,287
Valuation in 2022 (2,315 )
Valuation in 2023 (9,481 )
Valuation in 2024 (151 )
Cost 5,020
2,739

If listed investments had not been revalued they would have been included at the following historical cost:

2024 2023
as restated
£    £   
Cost 5,020 5,119

Listed investments were valued on an open market basis on 30 June 2024 by Jennings Wealth Management Ltd .

The directors have revalued the investments held by the company to reflect their fair value in accordance with FRS 102 Section 1A.

The directors have provided a breakdown of the valuation of the investments held at 30 June 2024.

F & D Farms Limited (Registered number: 01340287)

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


7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 567,644
Revaluations 50,442
At 30 June 2024 618,086
NET BOOK VALUE
At 30 June 2024 618,086
At 30 June 2023 567,644

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2015 272,228
Valuation in 2018 25,288
Valuation in 2020 2,014
Valuation in 2022 218,189
Valuation in 2023 50,442
Cost 49,925
618,086

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
as restated
£    £   
Cost 49,925 49,925

The investment property was valued on an open market basis on 30 June 2024 by the directors .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors 304 35

F & D Farms Limited (Registered number: 01340287)

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


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 309 333
Taxation and social security 2,193 256,289
Other creditors 9,874 9,091
12,376 265,713

Included within other creditors disclosed above is a balance of £2,809 (2023 - £2,699) in relation to accrued expenses, a balance of £1,166 (2023 - £Nil) in relation to deferred income and a balance of £5,899 (2023 - £6,392) in relation to the directors' loan accounts.