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REGISTERED NUMBER: 00554437 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

FRANK BUTLER FARMS LIMITED

FRANK BUTLER FARMS LIMITED (REGISTERED NUMBER: 00554437)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRANK BUTLER FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: M N Butler
Mrs J L M Butler
Mrs J M Butler
J N Butler





SECRETARY: C D Findley





REGISTERED OFFICE: Chosley Farm
North Warnborough
Hook
Hampshire
RG29 1BW





REGISTERED NUMBER: 00554437 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

FRANK BUTLER FARMS LIMITED (REGISTERED NUMBER: 00554437)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,259,111 4,483,801

CURRENT ASSETS
Stocks 287,108 281,619
Debtors 5 409,358 252,123
Cash at bank and in hand 1,234,934 1,054,964
1,931,400 1,588,706
CREDITORS
Amounts falling due within one year 6 721,671 603,673
NET CURRENT ASSETS 1,209,729 985,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,468,840

5,468,834

CREDITORS
Amounts falling due after more than one
year

7

(5,000,000

)

(1,844,846

)

PROVISIONS FOR LIABILITIES (43,026 ) (61,431 )
NET ASSETS 3,425,814 3,562,557

CAPITAL AND RESERVES
Called up share capital 162,697 162,697
Retained earnings 3,263,117 3,399,860
SHAREHOLDERS' FUNDS 3,425,814 3,562,557

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

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

FRANK BUTLER FARMS LIMITED (REGISTERED NUMBER: 00554437)

BALANCE SHEET - continued
30TH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th March 2025 and were signed on its behalf by:





J N Butler - Director


FRANK BUTLER FARMS LIMITED (REGISTERED NUMBER: 00554437)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Frank Butler 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.

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.

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.
Freehold property - Land - no depreciation charged
Improvements to property - 2% on cost
Plant and machinery - varying rates on cost & reducing balance
Fixtures and fittings - 10% on cost
Website - 25% on reducing balance
Computer equipment - 20% on cost

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.

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.

FRANK BUTLER FARMS LIMITED (REGISTERED NUMBER: 00554437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st July 2023 1,411,385 3,672,946 1,554,675
Additions - 2,493,540 3,350
Disposals - - (79,054 )
At 30th June 2024 1,411,385 6,166,486 1,478,971
DEPRECIATION
At 1st July 2023 - 857,843 1,298,567
Charge for year - 23,798 78,732
Eliminated on disposal - - (79,054 )
At 30th June 2024 - 881,641 1,298,245
NET BOOK VALUE
At 30th June 2024 1,411,385 5,284,845 180,726
At 30th June 2023 1,411,385 2,815,103 256,108

FRANK BUTLER FARMS LIMITED (REGISTERED NUMBER: 00554437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings Website equipment Totals
£    £    £    £   
COST
At 1st July 2023 - - 8,466 6,647,472
Additions 289,020 22,407 69,924 2,878,241
Disposals - - (1,378 ) (80,432 )
At 30th June 2024 289,020 22,407 77,012 9,445,281
DEPRECIATION
At 1st July 2023 - - 7,261 2,163,671
Charge for year - - 401 102,931
Eliminated on disposal - - (1,378 ) (80,432 )
At 30th June 2024 - - 6,284 2,186,170
NET BOOK VALUE
At 30th June 2024 289,020 22,407 70,728 7,259,111
At 30th June 2023 - - 1,205 4,483,801

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st July 2023 33,260
Transfer to ownership (33,260 )
At 30th June 2024 -
DEPRECIATION
At 1st July 2023 13,302
Transfer to ownership (13,302 )
At 30th June 2024 -
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 19,958

FRANK BUTLER FARMS LIMITED (REGISTERED NUMBER: 00554437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,878 6,225
Other debtors 388,480 245,898
409,358 252,123

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 106,209
Hire purchase contracts - 4,753
Trade creditors 416,764 107,870
Taxation and social security 3,415 87,907
Other creditors 301,492 296,934
721,671 603,673

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,000,000 1,844,846

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 5,000,000 -

Repayable by instalments
Bank loans more 5 yr by instal - 1,724,846