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REGISTERED NUMBER: 00466041 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Feltons Orchards Ltd

Feltons Orchards Ltd (Registered number: 00466041)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Feltons Orchards Ltd (Registered number: 00466041)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,624 10,311
Investments 5 168 168
8,792 10,479

CURRENT ASSETS
Stocks 5,453 26,599
Debtors 6 55,170 13,925
Cash at bank - 12,407
60,623 52,931
CREDITORS
Amounts falling due within one year 7 288,093 283,002
NET CURRENT LIABILITIES (227,470 ) (230,071 )
TOTAL ASSETS LESS CURRENT LIABILITIES (218,678 ) (219,592 )

PROVISIONS FOR LIABILITIES 2,156 -
NET LIABILITIES (220,834 ) (219,592 )

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Retained earnings (226,834 ) (225,592 )
(220,834 ) (219,592 )

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

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

Feltons Orchards Ltd (Registered number: 00466041)

Statement of Financial Position - continued
31 July 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 Mr T D Evans the director and authorised for issue on 29 April 2025 and were signed by:





T D Evans - Director


Feltons Orchards Ltd (Registered number: 00466041)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Feltons Orchards Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00466041

Registered office: Feltons
Bury Road
Barrow
Bury St Edmunds
Suffolk
IP29 5AE

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
The turnover shown in the profit and loss account represents the value of the fruit sold in the year and management charges/recharged costs to an associated business.

Feltons Orchards Ltd (Registered number: 00466041)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.


Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Orchard - 10% straight line
Plant & Machinery - 20% reducing balance
Fixtures & Fittings - 15% reducing balance
Irrigation Equipment - 10% reducing balance


Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.


Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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 statement of financial position date.

Feltons Orchards Ltd (Registered number: 00466041)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 statement of financial position 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.

The company has an unprovided deferred tax asset of £ (2023 - £87,689) resulting from tax losses carried forward.

Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Going concern
The company has net current liabilities in both the current and prior years. A director has confirmed their continued support and will not seek repayment of loans to the company until sufficient funds are available.

On this basis the directors believe that the going concern basis is appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 124,686 188,584 313,270
Disposals - (45,468 ) (45,468 )
At 31 July 2024 124,686 143,116 267,802
DEPRECIATION
At 1 August 2023 124,686 178,273 302,959
Charge for year - 1,687 1,687
Eliminated on disposal - (45,468 ) (45,468 )
At 31 July 2024 124,686 134,492 259,178
NET BOOK VALUE
At 31 July 2024 - 8,624 8,624
At 31 July 2023 - 10,311 10,311

Feltons Orchards Ltd (Registered number: 00466041)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 168
NET BOOK VALUE
At 31 July 2024 168
At 31 July 2023 168

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,917 12,730
Other debtors 28,253 1,195
55,170 13,925

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,776 -
Trade creditors 6,774 6,481
Taxation and social security 844 -
Other creditors 275,699 276,521
288,093 283,002

8. RELATED PARTY TRANSACTIONS

Included in other creditors are amounts due to directors. These are unsecured, interest free and repayable on demand.