Mortimer Farms Limited 07683860 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of trading and investing in farming activities Digita Accounts Production Advanced 6.30.9574.0 true true 07683860 2023-10-01 2024-09-30 07683860 2024-09-30 07683860 core:RetainedEarningsAccumulatedLosses 2024-09-30 07683860 core:ShareCapital 2024-09-30 07683860 core:CurrentFinancialInstruments 2024-09-30 07683860 bus:SmallEntities 2023-10-01 2024-09-30 07683860 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07683860 bus:FilletedAccounts 2023-10-01 2024-09-30 07683860 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07683860 bus:RegisteredOffice 2023-10-01 2024-09-30 07683860 bus:Director1 2023-10-01 2024-09-30 07683860 bus:Director2 2023-10-01 2024-09-30 07683860 bus:Director3 2023-10-01 2024-09-30 07683860 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07683860 bus:Agent1 2023-10-01 2024-09-30 07683860 core:OtherRelatedParties 2023-10-01 2024-09-30 07683860 countries:EnglandWales 2023-10-01 2024-09-30 07683860 2022-10-01 2023-09-30 07683860 2023-09-30 07683860 core:RetainedEarningsAccumulatedLosses 2023-09-30 07683860 core:ShareCapital 2023-09-30 07683860 core:CurrentFinancialInstruments 2023-09-30 07683860 core:CurrentFinancialInstruments core:PreviouslyStatedAmount 2023-09-30 07683860 core:PreviouslyStatedAmount 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 07683860

Mortimer Farms Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Mortimer Farms Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Mortimer Farms Limited

Company Information

Directors

I R A Mortimer

G J Mortimer

J M Mortimer

Registered office

Uton Barton
Uton
Crediton
Devon
EX17 3QL

Bankers

Lloyds Bank plc

Accountants

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

Mortimer Farms Limited

(Registration number: 07683860)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

547,929

548,513

Cash at bank and in hand

 

48

76

 

547,977

548,589

Capital and reserves

 

Called up share capital

100

100

Retained earnings

547,877

548,489

Shareholders' funds

 

547,977

548,589

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 May 2025 and signed on its behalf by:
 

.........................................
J M Mortimer
Director

 

Mortimer Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Uton Barton
Uton
Crediton
Devon
EX17 3QL

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Mortimer Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Debtors

2024
£

2023
£

Other debtors

547,929

548,513

Total current trade and other debtors

547,929

548,513

5

Related party transactions

Summary of transactions with other related parties

G A Mortimer & Sons
A connected partnership

 Included in other debtors is an amount due from G A Mortimer & Sons, a partnership in which the directors are partners, which arose from undrawn profits. At the balance sheet date the amount due from G A Mortimer & Sons was £547,929 (2023 - £548,513).