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REGISTERED NUMBER: 00766794 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

T W BELL & SONS (FARMERS) LIMITED

T W BELL & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 00766794)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T W BELL & SONS (FARMERS) LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: M J Bell
Mrs J C Bell





SECRETARY: Mrs J C Bell





REGISTERED OFFICE: Eldon House
8 High Street
Nafferton
Driffield
East Yorkshire
YO25 4JR





REGISTERED NUMBER: 00766794 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

T W BELL & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 00766794)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 256,500 256,500
Investments 5 359,009 359,009
615,509 615,509

CURRENT ASSETS
Stocks 6,703 7,550
Debtors 6 313,131 345,662
Cash at bank 110,784 77,140
430,618 430,352
CREDITORS
Amounts falling due within one year 7 13,631 24,349
NET CURRENT ASSETS 416,987 406,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,032,496

1,021,512

PROVISIONS FOR LIABILITIES 38,956 38,956
NET ASSETS 993,540 982,556

CAPITAL AND RESERVES
Called up share capital 180,000 180,000
Revaluation reserve 8 190,195 190,195
Retained earnings 623,345 612,361
SHAREHOLDERS' FUNDS 993,540 982,556

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

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

T W BELL & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 00766794)

BALANCE SHEET - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:




M J Bell - Director



Mrs J C Bell - Director


T W BELL & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 00766794)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

T W Bell & Sons (Farmers) Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office at Eldon House, 8 High Street, Nafferton, Driffield, YO25 4JR.

The principal activity of the company is that of arable farming and the principal place of business is Raisthorpe Manor, Wharram, Malton.

The presentational currency of the financial statements is 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 as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost excluding land
Plant and machinery etc - 10% on cost

Stocks
Stock are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.


T W BELL & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 00766794)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Taxation
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.

Government subsidies
Government subsidies are written off in the year in which they are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 256,500 52,161 308,661
DEPRECIATION
At 1 October 2023
and 30 September 2024 - 52,161 52,161
NET BOOK VALUE
At 30 September 2024 256,500 - 256,500
At 30 September 2023 256,500 - 256,500

Included in cost or valuation of land and buildings is freehold land of £ 256,500 (2023 - £ 256,500 ) which is not depreciated.

T W BELL & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 00766794)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2024 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 1997 229,150 - 229,150
Cost 27,350 52,161 79,511
256,500 52,161 308,661

If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 27,350 27,350

Value of land in freehold land and buildings 256,500 256,500

Freehold land and buildings were valued on an open market basis on 30 September 1997 by Frank Hill & Son .

The directors have performed a valuation review in the current year and consider the carrying value at year end of the revalued land to be reasonable.

It is considered unlikely that disposal of these assets at their revalued amount would give rise to any significant liability to taxation.

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 October 2023
and 30 September 2024 359,009
NET BOOK VALUE
At 30 September 2024 359,009
At 30 September 2023 359,009

T W BELL & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 00766794)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Fridaythorpe Pig Producers Limited
Registered office: Eldon House, Nafferton, Driffield, East Yorkshire, United Kingdom, YO25 4JR
Nature of business: Breeding, rearing and sale of pigs.
%
Class of shares: holding
Ordinary 100.00

Subsidiary and Associated Company Investments

Investments in subsidiary and associated companies are stated at cost.

Subsidiary Company Directors

Directors emoluments and other benefits paid by its subsidiary company to directors of the holding company total £113,224 (2023: £80,825).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 288,430 288,430
VAT 701 470
Prepayments and accrued income 24,000 56,762
313,131 345,662

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,855 761
Tax 2,576 7,093
Accrued expenses 5,200 16,495
13,631 24,349

8. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 190,195

T W BELL & SONS (FARMERS) LIMITED (REGISTERED NUMBER: 00766794)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


9. CONTINGENT LIABILITIES

The company has guaranteed the bank borrowings of its subsidiary under an unlimited cross guarantee. The indebtedness of its subsidiary to its bankers at 30 September 2024 amounted to £Nil (2023: £Nil).

The following security is held by HSBC Bank plc in respect of overdrawn balances:

- Fixed charge over the company's book debts.
- Second mortgages over freehold land at Church Lane, Vicarage Farm and Mere Farm, Fridaythorpe.
- First floating charge over all assets, goodwill, undertaking and uncalled capital given by the company.
- First legal charge over freehold land at Glebe Farm, Fridaythorpe.

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £272,460 (2023: £272,460) from its subsidiary, Fridaythorpe Pig Producers Limited .

At the balance sheet date, the company was owed £15,970 (2023: £15,970) from its parent, T W Bell & Sons (Holdings) Limited.

All of the above transactions were undertaken at arm's length on normal commercial terms.

11. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is T W Bell & Sons (Holdings) Limited. T W Bell & Sons (Holdings) Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principle place of business at Eldon House, 8 High Street, Driffield.

T W Bell & Sons (Holdings) Limited has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

The company is under the control of one of its directors, Mrs J C Bell, by virtue of holding the majority of the issued ordinary share capital of the parent company, T W Bell & Sons (Holdings) Limited.