ST Milner Farming Limited 04597630 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is farming of own land as well as providing contracted farming services. Digita Accounts Production Advanced 6.30.9574.0 true 04597630 2023-10-01 2024-09-30 04597630 2024-09-30 04597630 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-09-30 04597630 core:CurrentFinancialInstruments 2024-09-30 04597630 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 04597630 bus:SmallEntities 2023-10-01 2024-09-30 04597630 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04597630 bus:FilletedAccounts 2023-10-01 2024-09-30 04597630 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04597630 bus:RegisteredOffice 2023-10-01 2024-09-30 04597630 bus:Director1 2023-10-01 2024-09-30 04597630 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-10-01 2024-09-30 04597630 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04597630 core:Goodwill 2023-10-01 2024-09-30 04597630 core:NetGoodwill 2023-10-01 2024-09-30 04597630 core:PlantMachinery 2023-10-01 2024-09-30 04597630 countries:EnglandWales 2023-10-01 2024-09-30 04597630 2022-10-01 2023-09-30 04597630 2023-09-30 04597630 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-09-30 04597630 core:CurrentFinancialInstruments 2023-09-30 04597630 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04597630

ST Milner Farming Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

ST Milner Farming Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

ST Milner Farming Limited

Company Information

Director

S Milner

Registered office

Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

ST Milner Farming Limited

(Registration number: 04597630)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

-

90,196

Cash at bank and in hand

 

-

769,365

 

-

859,561

Creditors: Amounts falling due within one year

5

(3,344)

(170,948)

Net (liabilities)/assets

 

(3,344)

688,613

Capital and reserves

 

Called up share capital

6

1,000

1,000

Other reserves

18,012

18,012

Retained earnings

(22,356)

669,601

Shareholders' (deficit)/funds

 

(3,344)

688,613

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.

Director's 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 director acknowledges his 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 director on 21 May 2025
 


S Milner
Director

 

ST Milner Farming 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:
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

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.

Revenue recognition

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

ST Milner Farming Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% & 15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell after making allowances for obsolete and slow moving items.

Leases

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

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

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss in the period to which they relate.

 

ST Milner Farming 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 the director) during the year, was 0 (2023 - 2).

4

Debtors

2024
£

2023
£

Prepayments

-

1

Other debtors

-

90,195

-

90,196

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,094

2,094

Taxation and social security

-

168,053

Accruals and deferred income

1,250

801

3,344

170,948

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000