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YORKVALE FARMING LIMITED

Registered Number
05860664
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

YORKVALE FARMING LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

HALL, John Verity
HALL, Margaret Anne
HALL, John James, Dr
JOHNSTON, Rachel Margaret

Company Secretary

HALL, Margaret Anne

Registered Address

Lowfields, Aldborough,
Boroughbridge, York
North Yorkshire
YO51 9HA

Registered Number

05860664 (England and Wales)
YORKVALE FARMING LIMITED
Statement of Financial Position
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4313,668346,263
313,668346,263
Current assets
Stocks86,85252,291
Debtors512,11458,267
Cash at bank and on hand490,930473,073
589,896583,631
Creditors amounts falling due within one year6(186,974)(201,392)
Net current assets (liabilities)402,922382,239
Total assets less current liabilities716,590728,502
Provisions for liabilities7(53,500)(58,200)
Net assets663,090670,302
Capital and reserves
Called up share capital1,0001,000
Profit and loss account662,090669,302
Shareholders' funds663,090670,302
The financial statements were approved and authorised for issue by the Board of Directors on 4 April 2025, and are signed on its behalf by:
HALL, John Verity
Director
HALL, Margaret Anne
Director

Registered Company No. 05860664
YORKVALE FARMING LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-25
Plant and machinery15-
Vehicles25-
Office Equipment253
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Government grants or assistance
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.
2.Average number of employees

20242023
Average number of employees during the year55
3.Intangible assets
The intangible asset is SFP entitlement which has been fully amortised.

Other

Total

££
Cost or valuation
At 01 January 242,8352,835
Disposals(2,835)(2,835)
Amortisation and impairment
At 01 January 242,8352,835
On disposals(2,835)(2,835)
Net book value
At 31 December 24--
At 31 December 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 January 24180,547625,2187,5865,852819,203
Additions-16,338-18316,521
Disposals-(3,541)-(1,485)(5,026)
At 31 December 24180,547638,0157,5864,550830,698
Depreciation and impairment
At 01 January 24104,056355,5957,5505,739472,940
Charge for year7,16041,24794248,458
On disposals-(2,903)-(1,465)(4,368)
At 31 December 24111,216393,9397,5594,316517,030
Net book value
At 31 December 2469,331244,07627234313,668
At 31 December 2376,491269,62336113346,263
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables6,07854,764
Other debtors6,0363,503
Total12,11458,267
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables31,5036,545
Taxation and social security9,28459,024
Other creditors146,187135,823
Total186,974201,392
7.Provisions for liabilities
The provision for deferred tax is made up of £53,500 in respect of accelerated capital allowances.

2024

2023

££
Net deferred tax liability (asset)53,50058,200
Total53,50058,200
8.Related party transactions
During the year the directors had a loan account with the company. At the balance sheet date the company owed the directors £146,187.69 (2023 - £135,822.77). This loan is unsecured, interest free and re-payable upon demand.