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REGISTERED NUMBER: 00773104 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Allan Thompson (Farms) Limited

Allan Thompson (Farms) Limited (Registered number: 00773104)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Allan Thompson (Farms) Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: A H Thompson
P R Thompson





SECRETARY: P R Thompson





REGISTERED OFFICE: Well Spring Farm
Lothersdale Road
Glusburn
Keighley
West Yorkshire
BD20 8JD





REGISTERED NUMBER: 00773104 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Allan Thompson (Farms) Limited (Registered number: 00773104)

Statement of Financial Position
30 November 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 100,251 112,003
Investments 6 12,084 13,782
112,335 125,785

CURRENT ASSETS
Stocks 51,320 59,500
Debtors 7 80,469 74,547
Cash at bank and in hand 297,105 307,840
428,894 441,887
CREDITORS
Amounts falling due within one year 8 (137,069 ) (181,415 )
NET CURRENT ASSETS 291,825 260,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,160

386,257

PROVISIONS FOR LIABILITIES 9 (9,321 ) (10,638 )
NET ASSETS 394,839 375,619

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 393,839 374,619
SHAREHOLDERS' FUNDS 394,839 375,619

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

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

Allan Thompson (Farms) Limited (Registered number: 00773104)

Statement of Financial Position - continued
30 November 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 Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:




A H Thompson - Director



P R Thompson - Director


Allan Thompson (Farms) Limited (Registered number: 00773104)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Allan Thompson (Farms) Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Depreciation
Is calculated on the reducing balance method in order to write down to its estimated residual value the cost of each asset over its expected useful life.

The depreciation rates used are :-
(i)Additions to buildings4% per annum
(ii)Plant & machinery20% per annum
(iii)Fixtures & fittings20% per annum
(iv)Motor vehicles20% per annum

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Allan Thompson (Farms) Limited (Registered number: 00773104)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. ACCOUNTING POLICIES - continued

Hire purchase commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Freehold
land & Plant & Fixtures Motor
buildings machinery & fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2023 174,755 162,663 1,922 73,554 412,894
Additions - 1,865 780 - 2,645
Disposals (2,578 ) - - - (2,578 )
At 30 November 2024 172,177 164,528 2,702 73,554 412,961
DEPRECIATION
At 1 December 2023 118,743 129,659 1,363 51,126 300,891
Charge for year 2,240 4,798 296 4,485 11,819
At 30 November 2024 120,983 134,457 1,659 55,611 312,710
NET BOOK VALUE
At 30 November 2024 51,194 30,071 1,043 17,943 100,251
At 30 November 2023 56,012 33,004 559 22,428 112,003

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2023 13,782
Revaluations (1,698 )
At 30 November 2024 12,084
NET BOOK VALUE
At 30 November 2024 12,084
At 30 November 2023 13,782


At the year end the company holds investments in Genus plc which were acquired for nil cost on the winding-up of the Milk Marketing Board.

The investments are included in the balance sheet at market value on the balance sheet date.

Allan Thompson (Farms) Limited (Registered number: 00773104)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 75,907 67,043
Prepayments 4,562 7,504
80,469 74,547

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 35,743 42,731
Social security & other taxes 14,558 14,092
Directors' current accounts 65,009 103,193
Accrued expenses 21,759 21,399
137,069 181,415

9. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax
Excess of capital allowances claimed over
depreciation charged

9,321

10,638

Deferred
tax
£   
Balance at 1 December 2023 10,638
Provided during year (1,317 )
Balance at 30 November 2024 9,321

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. ULTIMATE CONTROLLING PARTY

A H Thompson and P R Thompson, directors and shareholders, are considered to be the controlling party.