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REGISTERED NUMBER: 12548932 (England and Wales)















Astley Rathbone Farming Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024






Astley Rathbone Farming Ltd (Registered number: 12548932)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Astley Rathbone Farming Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: JFW Rathbone





REGISTERED OFFICE: The Old Barn
Caunton Road
Bathley
Newark
Nottinghamshire
NG23 6DN





REGISTERED NUMBER: 12548932 (England and Wales)





ACCOUNTANTS: The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Astley Rathbone Farming Ltd (Registered number: 12548932)


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Income and Retained Earnings and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Astley Rathbone Farming Ltd for the year ended 31 May 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Astley Rathbone Farming Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Astley Rathbone Farming Ltd and state those matters that we have agreed to state to the director of Astley Rathbone Farming Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Astley Rathbone Farming Ltd and its director for our work or for this report.

It is your duty to ensure that Astley Rathbone Farming Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Astley Rathbone Farming Ltd. You consider that Astley Rathbone Farming Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Astley Rathbone Farming Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF


2 May 2025

Astley Rathbone Farming Ltd (Registered number: 12548932)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 46,342 56,936

CURRENT ASSETS
Debtors 5 238,599 183,771
Cash at bank 43,953 50,106
282,552 233,877
CREDITORS
Amounts falling due within one year 6 262,883 223,994
NET CURRENT ASSETS 19,669 9,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,011

66,819

CREDITORS
Amounts falling due after more than one year 7 (50,000 ) (50,000 )

PROVISIONS FOR LIABILITIES 8 (7,275 ) (4,476 )
NET ASSETS 8,736 12,343

CAPITAL AND RESERVES
Allotted, issued and fully paid share capital 1 1
Retained earnings 8,735 12,342
SHAREHOLDERS' FUNDS 8,736 12,343

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

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

Astley Rathbone Farming Ltd (Registered number: 12548932)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 May 2025 and were signed by:





JFW Rathbone - Director


Astley Rathbone Farming Ltd (Registered number: 12548932)

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


1. STATUTORY INFORMATION

Astley Rathbone Farming 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.

The director has considered the financial requirements of the company and considers that it will be able to operate within its agreed finance facilities for the next 12 months. The director therefore considers it appropriate to prepare accounts on the going concern basis.

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 - 15% on reducing balance
Tractors and harvesters - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Astley Rathbone Farming Ltd (Registered number: 12548932)

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


2. ACCOUNTING POLICIES - continued

Other loans
Other loans falling due after more than one year have been measured at transaction cost rather than present value. This departure is reflective of the lack of repayment terms attached to the other loans. As a result of this departure other loans are larger than they would be under present value measurement and no interest charge has been accounted for in the Statement of Income and Retained Earnings.

3. EMPLOYEES

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Tractors
Plant and and
machinery harvesters Totals
£    £    £   
COST
At 1 June 2023 37,682 69,160 106,842
Additions 1,397 - 1,397
Disposals (500 ) - (500 )
At 31 May 2024 38,579 69,160 107,739
DEPRECIATION
At 1 June 2023 10,611 39,295 49,906
Charge for year 4,225 7,466 11,691
Eliminated on disposal (200 ) - (200 )
At 31 May 2024 14,636 46,761 61,397
NET BOOK VALUE
At 31 May 2024 23,943 22,399 46,342
At 31 May 2023 27,071 29,865 56,936

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 79,058 67,895
Prepayments and accrued income 36,000 6,000
Other debtors 119,301 103,531
Director's current account 4,240 -
VAT - 6,345
238,599 183,771

Astley Rathbone Farming Ltd (Registered number: 12548932)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 51,430 46,910
Trade creditors 9,855 49,457
Social security and other taxes 1,798 1,798
VAT 7,500 -
Other creditors 147,508 105,583
Director's current account - 4,197
Accruals & deferred income 44,792 16,049
262,883 223,994

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans 50,000 50,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans 50,000 50,000

The other loans falling due after more than 5 years are unsecured, interest free and have no specified repayment period.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Deferred tax - ACA's 11,586 14,234
Deferred tax - revenue losses (4,311 ) (9,758 )
7,275 4,476

Deferred
tax
£   
Balance at 1 June 2023 4,476
Provided during year 2,799
Balance at 31 May 2024 7,275

Astley Rathbone Farming Ltd (Registered number: 12548932)

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


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
JFW Rathbone
Balance outstanding at start of year 4,197 2,197
Amounts advanced (8,437 ) 2,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,240 ) 4,197

The director's current account is unsecured and interest free.