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REGISTERED NUMBER: 00718522 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

JOSEPH CAMM FARMS LIMITED

JOSEPH CAMM FARMS LIMITED (REGISTERED NUMBER: 00718522)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOSEPH CAMM FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs R M Girdham
Mrs P S C Rollinson





SECRETARY: M Pickard





REGISTERED OFFICE: Upper Morton
Babworth
Retford
Nottinghamshire
DN22 8HG





REGISTERED NUMBER: 00718522 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

JOSEPH CAMM FARMS LIMITED (REGISTERED NUMBER: 00718522)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,163,727 1,946,785
2,163,727 1,946,785

CURRENT ASSETS
Stocks 6 1,216,258 1,244,912
Debtors 7 260,033 298,563
Cash at bank 2,465,695 2,018,311
3,941,986 3,561,786
CREDITORS
Amounts falling due within one year 8 573,948 583,528
NET CURRENT ASSETS 3,368,038 2,978,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,531,765

4,925,043

PROVISIONS FOR LIABILITIES 287,000 234,000
NET ASSETS 5,244,765 4,691,043

CAPITAL AND RESERVES
Called up share capital 9 38,747 38,747
Capital redemption reserve 11,003 11,003
Retained earnings 5,195,015 4,641,293
SHAREHOLDERS' FUNDS 5,244,765 4,691,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

JOSEPH CAMM FARMS LIMITED (REGISTERED NUMBER: 00718522)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





Mrs R M Girdham - Director


JOSEPH CAMM FARMS LIMITED (REGISTERED NUMBER: 00718522)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Joseph Camm 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.

The presentation currency of the financial statements is the 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts together with amounts receivable under the Basic Payment Scheme and Country Stewardship Scheme.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold buildings - 2% or 5% on cost
Leasehold land and buildings - 5% on cost
Plant and machinery - 25% on reducing balance
Freehold land is not depreciated

Stocks and work in progress
Stocks and work in progress are stated at the lower of cost and net realisable value. Cost is determined on a first in first out basis, and includes all direct costs incurred and attributable production overheads. Net realisable value is based on estimated selling price allowing for all further costs of completion and disposal.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


JOSEPH CAMM FARMS LIMITED (REGISTERED NUMBER: 00718522)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme and the pension charge in the profit and loss account represents the amounts payable by the company to the fund in respect of the year.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Sugar
Beet
Quota
£   
COST
At 1 September 2023
and 31 August 2024 25,900
AMORTISATION
At 1 September 2023
and 31 August 2024 25,900
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

JOSEPH CAMM FARMS LIMITED (REGISTERED NUMBER: 00718522)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Land and Plant and
buildings machinery Totals
£    £    £   
COST
At 1 September 2023 2,146,922 3,388,698 5,535,620
Additions 18,000 490,551 508,551
Disposals - (58,690 ) (58,690 )
At 31 August 2024 2,164,922 3,820,559 5,985,481
DEPRECIATION
At 1 September 2023 1,171,200 2,417,635 3,588,835
Charge for year 24,827 261,287 286,114
Eliminated on disposal - (53,195 ) (53,195 )
At 31 August 2024 1,196,027 2,625,727 3,821,754
NET BOOK VALUE
At 31 August 2024 968,895 1,194,832 2,163,727
At 31 August 2023 975,722 971,063 1,946,785

Included in cost of land and buildings is freehold land of £ 837,919 (2023 - £ 819,919 ) which is not depreciated.

6. STOCKS
31.8.24 31.8.23
£    £   
Growing crops 766,762 722,187
Crops in store 340,113 405,319
Sundry stocks 109,383 117,406
1,216,258 1,244,912

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 148,937 183,949
Other debtors 111,096 114,614
260,033 298,563

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 326,548 371,071
Corporation tax 137,818 106,463
Social security and other taxes 9,193 7,991
Other creditors 100,389 98,003
573,948 583,528

JOSEPH CAMM FARMS LIMITED (REGISTERED NUMBER: 00718522)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
24,095 A Ordinary £1 24,095 24,095
7,326 B Ordinary £1 7,326 7,326
7,326 C Ordinary £1 7,326 7,326
38,747 38,747