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REGISTERED NUMBER: 07325656 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Plantation Farm Ltd

Plantation Farm Ltd (Registered number: 07325656)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Plantation Farm Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R J Bandey
Mrs K H Bandey





SECRETARY: Mrs K H Bandey





REGISTERED OFFICE: Plantation Farm
Rectory Lane
Wolverton
Tadley
Hampshire
RG26 5RP





REGISTERED NUMBER: 07325656 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Plantation Farm Ltd (Registered number: 07325656)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 374,131 395,383

CURRENT ASSETS
Stocks 5 21,950 48,400
Debtors 6 115,472 144,755
Cash at bank and in hand 33,719 63,964
171,141 257,119
CREDITORS
Amounts falling due within one year 7 225,918 378,959
NET CURRENT LIABILITIES (54,777 ) (121,840 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

319,354

273,543

CREDITORS
Amounts falling due after more than one
year

8

(72,498

)

(17,800

)

PROVISIONS FOR LIABILITIES 9 (60,120 ) (58,792 )
NET ASSETS 186,736 196,951

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 186,636 196,851
186,736 196,951

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 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.

Plantation Farm Ltd (Registered number: 07325656)

Balance Sheet - 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 the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





Mrs K H Bandey - Director


Plantation Farm Ltd (Registered number: 07325656)

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

1. STATUTORY INFORMATION

Plantation Farm Ltd 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.
Plant and machinery etc - 25% reducing balance basis, 15% reducing balance basis and 5% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2023 - 12 ) .

Plantation Farm Ltd (Registered number: 07325656)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 371,804 157,963 66,600 8,113 604,480
Additions - 15,376 13,950 599 29,925
Disposals - (5,390 ) - (524 ) (5,914 )
At 31 July 2024 371,804 167,949 80,550 8,188 628,491
DEPRECIATION
At 1 August 2023 128,894 67,772 9,125 3,306 209,097
Charge for year 18,590 14,376 15,241 1,172 49,379
Eliminated on disposal - (3,758 ) - (358 ) (4,116 )
At 31 July 2024 147,484 78,390 24,366 4,120 254,360
NET BOOK VALUE
At 31 July 2024 224,320 89,559 56,184 4,068 374,131
At 31 July 2023 242,910 90,191 57,475 4,807 395,383

5. STOCKS
2024 2023
£    £   
Stocks 21,950 48,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 108,025 140,978
Prepayments and accrued income 7,447 3,777
115,472 144,755

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,000 88,929
Trade creditors 38,780 50,352
Tax 1,154 -
Social security and other taxes 1,959 1,866
VAT 42,100 51,266
Other creditors 2,130 14,610
Directors' current accounts 55,134 121,175
Accruals and deferred income 67,661 50,761
225,918 378,959

Plantation Farm Ltd (Registered number: 07325656)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 72,498 17,800

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 60,120 58,792

Deferred
tax
£   
Balance at 1 August 2023 58,792
Accelerated capital allowances (4,039 )
Losses 5,367
Balance at 31 July 2024 60,120

10. RELATED PARTY DISCLOSURES

The directors maintain a loan account with the company. At the year end the company owed them £55,134 (2023: £121,175).